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Beancount: Double-entry accounting from text files

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Re: Beancount: Double-entry accounting from text files

#11
post #8

Any married people have advice on how to track finances? I used bean count or ledger when i was single, but the manual system kind of breaks down when you have a family .

Me and my wife have been using EveryDollar. It's simple and pulls in transactions, which is good because I despise finance (despite being reasonably thrifty) and I'm also lazy.

Re: Beancount: Double-entry accounting from text files

#12

Out of curiosity: has anybody used this to do business accounting? I am intrigued by these ultra simple setups. However, most accountants -- the people who will ultimately help you once your business is sufficiently complex -- will use Quickbooks or some other established software.

On one hand you can tailor your bean-counting with fancy scripts that achieve exactly what you need. On the other hand you would need to spend probably lots of time writing and maintaining those scripts. Doesn't seem worth the hassle for the vast majority IMO.

Re: Beancount: Double-entry accounting from text files

#13

Out of curiosity: has anybody used this to do business accounting? I am intrigued by these ultra simple setups. However, most accountants -- the people who will ultimately help you once your business is sufficiently complex -- will use Quickbooks or some other established software.

I've done this with gnucash, which isn't exactly the same but similarly unusual to them.

What I found was that unless you are using the same back end, most of them were going to re-enter everything anyways as they want to double check. So it was more important to have the accounts & conventions they expected, rather than the actual software.

In my case, the data entry cost was about I've not used beancounter, so I'm not sure how much (if any) work would be needed to get the same support I had in gnucash. Mostly the complexities of invoicing and taxes in multiple countries and currencies, payroll, etc. One big issue potentially is you'll need to be able to produce proper financial statements for your jurisdiction (at least, countries I'm used to). Not sure if/how that is supported out of the box so might be some work.

Re: Beancount: Double-entry accounting from text files

#14

Does anyone know if there's a good app I can use for plaintext accounting on my phone? I'd love to be able to use syncthing to sync the ledger on my PC and phone. It'd really help me stop collecting receipts so I can bulk put them in when I get home.

Any text editor will do.

Or maybe this? https://cone.tangential.info/

Re: Beancount: Double-entry accounting from text files

#15
post #5
post #4

Part of Plain Text Accounting family: https://plaintextaccounting.org/ I really prefer having complete control of my financial data this way, and reports can be as custom as you'd like. Better than something like Mint in my opinion.

I hate mint but use a different budgeting system. I'm not sure you can compare an accounting system with a budgeting system - they serve different purposes. I'd love to build a full budgeting system on top of one of these text accounting systems some day.

Just create a "Budget" account and a report that does "Budget" vs "Expenses"

Re: Beancount: Double-entry accounting from text files

#16
post #8

Any married people have advice on how to track finances? I used bean count or ledger when i was single, but the manual system kind of breaks down when you have a family .

For my family I use ledger and a bunch of little programs I've written over the years to import data and generate reports. I've tried every other tool and system over the decades, and nothing beats PTA (and ledger, in my case).

Re: Beancount: Double-entry accounting from text files

#17

Out of curiosity: has anybody used this to do business accounting? I am intrigued by these ultra simple setups. However, most accountants -- the people who will ultimately help you once your business is sufficiently complex -- will use Quickbooks or some other established software.

I started using Ledger for my small consulting business in Switzerland. Here, the internal accounting structure is quite flexible as long as you can output the balance sheets in the required format. My fiduciary asks for PDFs to verify the (legal) accounting norms anyway.

Re: Beancount: Double-entry accounting from text files

#18
post #14

Does anyone know if there's a good app I can use for plaintext accounting on my phone? I'd love to be able to use syncthing to sync the ledger on my PC and phone. It'd really help me stop collecting receipts so I can bulk put them in when I get home.

Any text editor will do. Or maybe this? https://cone.tangential.info/

Yeah any text editor would be fine which is what's great about PTA but editing text on a phone isn't great. That app looks like it might be what I'm looking for so I'll have a look at that thanks

Re: Beancount: Double-entry accounting from text files

#20
post #8

Any married people have advice on how to track finances? I used bean count or ledger when i was single, but the manual system kind of breaks down when you have a family .

lunchmoney.app is pretty cool and strikes a good balance of offering powerful features without forcing too much complexity on the average user.
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