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Launch HN: Modernbanc (YC W20) – Modern and fast accounting software

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41–50 of 118 posts

Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software

#41

Earlier quoted context omitted.

this is our 3rd pivot :) we've launched other products before such as Ledger API processing over $100m in txn volume a month and a PCI vault for fintechs with 1m+ users. However we took a hard decision to pivot again as we didn't feel like we'd achieve the impact we wanted in those markets.

Which ledger api is that and which PCI vault?

Both under the Modernbanc umbrella, vault is still publicly visible: https://modernbanc.com/vault

Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software

#43
I looked into accounting software. This posting set my mind:

Shameless C&P:

If you do not use Quickbooks:

* Your bank will hate you.

* Your investors will hate you.

* Your payroll system won't work.

* Your tax systems won't work.

* Your accountant won't work.

* Grants are even off the table in some cases.

* Some places won't audit without Quickbooks.

Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software

#46

I looked into accounting software. This posting set my mind: Shameless C&P: If you do not use Quickbooks: * Your bank will hate you. * Your investors will hate you. * Your payroll system won't work. * Your tax systems won't work. * Your accountant won't work. * Grants are even off the table in some cases. * Some places won't audit without Quickbooks.

Do you have a link for the source?

Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software

#48
Looks nice. I am in finance and have developed reporting/querying tools for accounting teams. The most important thing is catering to Excel. That's just the way it is. What I mention below might already exist and if it does that's great, you're on the right track.

1. The ability to input a list of cost centers/accounts and export all journal entries to Excel is a requirement

2. An Excel add-in is a better selling point than the built-in spreadsheet feature.

Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software

#50

Looks nice. I am in finance and have developed reporting/querying tools for accounting teams. The most important thing is catering to Excel. That's just the way it is. What I mention below might already exist and if it does that's great, you're on the right track. 1. The ability to input a list of cost centers/accounts and export all journal entries to Excel is a requirement 2. An Excel add-in is a better selling poi…

1 is supported 2 it's a fair point, I think something for us to keep in the back of our mind as we grow.
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