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?
Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
41–50 of 118 posts
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#42How should I think about banc wrt digits?
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#43Shameless 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
#44Congratulations on the launch! I think you might have a typo in your screenshots, where "liabilites" should be spelled "liabilities".
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#45Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#46I 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
#47Wish this had a personal plan - looks like it could be interesting for myself.
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#481. 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
#49Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#50Looks 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…