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Accounting for Developers, Part II

moderntreasury.com

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Re: Accounting for Developers, Part II

#3

Post by pwpw »

As a CPA and software developer, I've been wondering if I should build my own product out, but there seems to be a number of options available in the ledger space. However, I'm surprised there isn't more of an overlap in software engineering and accounting. There's a bit of overlap in the fields that scratch the same itch. Although the theory behind accounting is a lot more interesting than most of the work in my experience.

Re: Accounting for Developers, Part II

#4

Post by superzamp »

keeptrying wrote: post #2

Love the simplicity of their system but don't like the price tag. Anyone know of cheaper alternatives to ModernTreasury.com ? Funtionality needed: ledger + integration with payments.

Don't want to hijack the thread here but we're building an open-source platform that includes ledgers and a scripting DSL for money movements at Formance, with payments connectors in beta and coming up for recon - always keen to chat

https://docs.formance.com

Re: Accounting for Developers, Part II

#5

Post by taylorhou »

pwpw wrote: post #3

As a CPA and software developer, I've been wondering if I should build my own product out, but there seems to be a number of options available in the ledger space. However, I'm surprised there isn't more of an overlap in software engineering and accounting. There's a bit of overlap in the fields that scratch the same itch. Although the theory behind accounting is a lot more interesting than most of the work in my exp…

would love to connect as we're evaluating ledgers for rental properties. there are a gazillion management softwares with "accounting" ledgers but they were always an after thought. we're interested in building the defacto single source of truth ledger for real estate. taylor at apmhelp.com

Re: Accounting for Developers, Part II

#7

Post by memset »

pwpw wrote: post #3

As a CPA and software developer, I've been wondering if I should build my own product out, but there seems to be a number of options available in the ledger space. However, I'm surprised there isn't more of an overlap in software engineering and accounting. There's a bit of overlap in the fields that scratch the same itch. Although the theory behind accounting is a lot more interesting than most of the work in my exp…

I’m actually the founder is a startup trying to bridge the gap between Eng and finance. I’d love to hear your perspective on what a good solution would look like!

Re: Accounting for Developers, Part II

#8

Post by deshp »

keeptrying wrote: post #2

Love the simplicity of their system but don't like the price tag. Anyone know of cheaper alternatives to ModernTreasury.com ? Funtionality needed: ledger + integration with payments.

I'm on the growth team at Modern Treasury. Using our Ledgers and Payments products together could definitely help here. Ledgers is actually free to get started. The startup plan includes 5000 transactions a month and is free forever and the enterprise plan has volume-based pricing. We'd love to chat more about your use case and pricing. Feel free to drop a note - pranav@moderntreasury.com.

Re: Accounting for Developers, Part II

#9

Post by macintux »

pwpw wrote: post #3

As a CPA and software developer, I've been wondering if I should build my own product out, but there seems to be a number of options available in the ledger space. However, I'm surprised there isn't more of an overlap in software engineering and accounting. There's a bit of overlap in the fields that scratch the same itch. Although the theory behind accounting is a lot more interesting than most of the work in my exp…

I’ve often thought that had I been born into a world without computers I’d have been an accountant.

On high school career day I attended a talk by an accountant, and unfortunately he lived up to the stereotype. One of the most (superficially, anyway) boring people I’ve ever met.

Re: Accounting for Developers, Part II

#10

Post by photochemsyn »

> "We hope to publish guides about more complex use cases (lending, insurance, etc.) in the future."

That would be appreciated. It'd be nice to see the minimal complexity needed for something like a local credit union that managed customer savings and checking accounts, as well as home and car loans.

More ambitious would be a central banking app, in particular how does double-entry accounting work when a central bank (i.e. the Fed) is doing 'quantitative easing' and using their helicopter money to buy up Treasury bonds and mortgage-backed securities in order to keep major banks and government solvent? What's the private bank's balance sheet look like when they use the central bank money for stock buy-backs instead of for increasing commercial lending?

For example, the Fed says it's unloading the mortgage-backed securities it bought up in 2008-2009. That's got to be some convoluted accounting:

https://www.marketplace.org/2022/06/02/why-the-federal-reser...

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