Ask HN: Started a new business, need to keep track of finances.

https://news.ycombinator.com/item?id=1611422

by mattwdelong • 16 years ago

2 3 16 years ago

news.ycombinator.com

I know Quickbooks is de facto standard with most businesses to keep track of finances. But before I commit to something, I really want to evaluate all potential solutions. What do you use for tracking your finances, and what do you recommend?

failquicker• 16 years ago

We liked freshbooks more than quickbooks, so I can say that it's a nice product.

But right now, I'm a big fan of what's going on over at Less Accounting. I think he's on the right track to the perfect small business solution. And the support level is unreal.

mattwdelong• 16 years ago

I should have mentioned, but I am looking for a solution that scales. I've checked out freshbooks before, and I think that it would be easy to outgrow. Plus, I am not just looking to invoice clients...I want to keep track of all of our finances.

I will however check out Less Accounting.

charliepark• 16 years ago

As a basic income / expenses tracker, I've used both Less Accounting (http://lessaccounting.com) and Outright (http://outright.com). Outright flowed better for me, but YMMV. This was for a single-founder startup, with very modest requirements.

I'm about to start managing the finances on a startup I'm founding with a partner, and in order to keep the books in order, we'll be using QuickBooks. It's possible that Outright or Less could handle our needs, but I want to make sure that everything is recorded properly, including paychecks and whatnot. This is important when running a solo operation, of course, but since the income is all pass-through, it's not as big a deal. When there are multiple founders, I'd recommend something more substantial.

Ask HN: Started a new business, need to keep track of finances.

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