Wow, nice start. Integrated spreadsheets are a killer feature. Do any other accounting systems offer that? I think MS Dynamics does.
Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
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Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#62Awesome . Congratulations on the launch. Would you say Modernbanc is more personal finance focused or geared toward small business? Does it support federal quarterly tax estimates for a business?
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#63Wow, nice start. Integrated spreadsheets are a killer feature. Do any other accounting systems offer that? I think MS Dynamics does.
Appreciate it, yeah to our knowledge Dynamics is the only one, they've got the 'we're Microsoft' advantage in that regard, but we're proud of our sheet and hope to grow it into something that's more learnable/usable/helpful than excel itself
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#64I pay a small amount for outsourced accounting and never need to touch quickbooks. I think this is pretty standard for VC backed startups. The accountant sends us reports in Excel with everything I need to know.
Also, devs really appreciate the craft of Linear. Accountant / CFO is a lot less likely to care. They'd probably rather use something they already know then something that is 10x better on UX.
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#65Awesome . Congratulations on the launch. Would you say Modernbanc is more personal finance focused or geared toward small business? Does it support federal quarterly tax estimates for a business?
Thanks! We're focused on small businesses/startups. Out of the box no it doesn't support automatically calculating federal quarterly tax estimates. You could have a live sheet with a formula for this that updates as your income changes though
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#66Wow, nice start. Integrated spreadsheets are a killer feature. Do any other accounting systems offer that? I think MS Dynamics does.
Appreciate it, yeah to our knowledge Dynamics is the only one, they've got the 'we're Microsoft' advantage in that regard, but we're proud of our sheet and hope to grow it into something that's more learnable/usable/helpful than excel itself
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#67Just a heads up in case you were thinking of selling into the same demo as Linear: I pay a small amount for outsourced accounting and never need to touch quickbooks. I think this is pretty standard for VC backed startups. The accountant sends us reports in Excel with everything I need to know. Also, devs really appreciate the craft of Linear. Accountant / CFO is a lot less likely to care. They'd probably rather use s…
I don't know if it's the case that Accountant's or CFOs wouldn't care about a 10x user experience improvement, our bet is that the majority of folks are looking for a better UX, devs just know that they could build it if they really wanted to. One thing we're focused on is the learnability of the tool, building a system that allows folks to reach a level of knowledge to feel comfortable quickly, and we're trying to pair that with flexibility, so people feel empowered to build the systems/flows that feel the more viable for them and their businesses/accounting practice.
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#68Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#69Earlier quoted context omitted.
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.
2 isn't a "fair point". It's... basically just correct. With respect, you just don't want to hear it.
We think that’s a powerful complement to Excel, not a replacement. And of course, exporting to Excel/Google Sheets is always an option.
Re: Launch HN: Modernbanc (YC W20) – Modern and fast accounting software
#70Earlier quoted context omitted.
Thanks! We're focused on small businesses/startups. Out of the box no it doesn't support automatically calculating federal quarterly tax estimates. You could have a live sheet with a formula for this that updates as your income changes though
Ok, thanks. Handling calculation and payment of quarterly federal taxes is a big deal and reason a lot of small businesses use Quick Books Self Employed. Perhaps look into it, I know I would consider switching.