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

news.ycombinator.com

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

#51

Post by noodlesUK »

Beijinger wrote: post #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.

I don't think this is necessarily true in all countries. Here in the UK I see a lot of people using Xero & Sage, and micro businesses using Freeagent.

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

#52

Post by gregorygev »

tntpreneur wrote: post #49

Out of context: I like it when "Linear" references are used. When they become so well known?

about a year now I'd say - while their design kicks ass I think it's the speed and thoughtfulness of the product that makes it stand out.

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

#53

Post by s0rta »

chrisvalleybay wrote: post #26

Congratulations on the launch! Just a question; what library are you using for the spreadsheet? Looks great!

Hey yeah (i'm JT) we built it from the ground up using Pixi. We went that route because so many of the existing libraries were limited in their extensibility, stuff like our model visualizations, inline ai, and customizing the formula lang to handle things like dot notation weren't possible. It's got a long way to go but I'm proud of how far the team has taken it.

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

#55

Post by Beijinger »

danielvanacker wrote: post #46
Beijinger wrote: post #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.

Do you have a link for the source?

https://news.ycombinator.com/item?id=41699730

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

#56

Post by Beijinger »

noodlesUK wrote: post #51
Beijinger wrote: post #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.

I don't think this is necessarily true in all countries. Here in the UK I see a lot of people using Xero & Sage, and micro businesses using Freeagent.

If you do not use [Major Accounting Software in your country]:

* 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

#59

Post by danielmarkbruce »

danielvanacker wrote: post #50
internet101010 wrote: post #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 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.

2 isn't a "fair point". It's... basically just correct. With respect, you just don't want to hear it.
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