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Ask HN: What accounting software do you use?

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Re: Ask HN: What accounting software do you use?

#12
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I use Quickbooks at the office but have used GnuCash for years for my personal finances and side businesses. Just a couple of days ago I decided to give Wave Accounting a try. It seems pretty simple to use. Almost too simple but I haven't really tried to do much reporting as I'm still in the middle of importing transactions. The javascript interface does seem a little slow when you're clearing a long list of transact…

Actually looking at wave too right now! I don't see anyway though to do a bulk import of all accounts/transactions, are you doing it manually?

I'm only going back to 1/1 so I'm starting over. Pulling data from the banks. Definitely didn't see a way to do a bulk import of accounts. Looks like you can import csv of transactions. Not ideal if you're trying to pull in full history of your business.

Re: Ask HN: What accounting software do you use?

#17
My best online accounting experience so far has been with Xero. Xero has pretty good bank and payroll feed integration, good customizable tracking classes, and it's geared towards the small business user. It ends up being a little pricier than buying a prior year desktop version of QuickBooks but it seems to be the best online package and they're actually pushing and working to make accounting easier vs. QuickBooks online which has just been a poor version of their desktop software.

There are lots of tradeoffs but it mostly comes down to 1. bookkeeping skill/comfort level and 2. budget. A good third thing to consider is whether you'll need to get your data to an accountant and if so, can you do this in a format that will be usable by them.

I haven't seen the QB online refresh yet so that might have improved.

I used Wave as recently as a year ago (had a client using it) and it was frustrating to pull any sort of meaningful reporting from and it lacked some functionality.

Re: Ask HN: What accounting software do you use?

#18
A few years back I got frustrated with Quickbooks, and signed up for Outright because it was SAAS and brought in all my accounts automatically, but it languished then got bought by Godaddy who turned it into the equally-stunted Godaddy Bookkeeping. I haven't had time or energy to move it away. Basically lesson learned - be careful what you sign up for in this space, vendor lock-in is the name of the game with accounting software so whatever you choose, expect it to be at the center of your bookkeeping for the next few years.

That said, I'm thinking about moving to Xero as I heard its pretty decent..

Re: Ask HN: What accounting software do you use?

#20
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"thinking about possibly moving to a web based accounting system" If moving the opposite direction is an option: http://www.ledger-cli.org/ If you're here, you already know all about programming/text editors, and storing files in a backed up git (or similar) repo... And again, if you're here, and you later need to export, writing a text parser/convertor for ledger-format into "whatever" is not going to be a challenge…

I use ledger as the treasurer of a small nonprofit with similar cash flow, and it works great. I keep the files in a git repository. Next I am going to automate some of the bookkeeping based on PayPal and Stripe transactions.
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