Mastodawn

Aug 4, 2023

Is *anyone* out there using FOSS for accounting?

I'm struggling with Quickbooks desktop (which you can only get as a subscription now, unless you pay four figures for an enterprise license).

#Xero comes highly recommended to me, but I'm loathe to go "#cloud" for accounting. Very loathe indeed.

#BoostPlease?

Edit: Thanks for all of the feedback so far, updates and clarification following in a reply...

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TTimo Aug 4, 2023

@RL_Dane don't use #xero though. Completely overpriced.

Really? The price seems competitive to most online accounting solutions I've looked at.

I've heard that it has a lot of really slick features.

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TTimo Aug 5, 2023

@RL_Dane if you are a small biz, like a bakery maybe with inventory and possibly payroll then I guess it would be ok.

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TTimo

@RL_Dane I'm a software freelancer, I just send invoices and pretty much don't purchase anything. So it wasn't worth the $30.

Ah, that makes sense.
Have you looked at Freshbooks? The IT contractors I worked with a decade ago recommended it highly for their personal finances.
You know, because they had to really keep track of all those benjamins while they were making twice what I was after a decade of laboring in that dying shop. :P

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TTimo Aug 5, 2023

@RL_Dane I switch to waveapps (not FOSS) which does everything and is free .. I don't remember if I looked at freshbooks.

That looks pretty good! I like the payment option a lot.
Does it do double-entry bookkeeping?

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TTimo Aug 5, 2023

@RL_Dane yes it has a full journal and ledger etc. I switched a year and a half ago, and haven't run into anything I was doing in Xero that I can't do in Wave.

Ahh, great. I'm glad that you're able to compare the two.
Does wave have auto-reconciliation as well?

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TTimo Aug 5, 2023

@RL_Dane yeah it'll learn and categorize for you (can be hit or miss) and do bank account reconciliation.

*Nice!*