Author Topic: Cloud-based accounting software  (Read 717 times)

dandarc

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Cloud-based accounting software
« on: February 06, 2024, 09:06:05 AM »
I've been using Wave accounting for close to a decade (waveapps.com) - their free accounting is great, and I'm able to keep separate books for both business and personal in the same system - super convenient. However one of the most valuable features for me is the automatic transaction import, and they've moved to a new model where that is going to be in a paid subscription ($170 per year or $16 per month).

Further, the free personal profile also won't have automatic transaction import - so I'd need two subscriptions to do things the way that I currently do - $340 / year.

Are there any free cloud-based accounting systems out there? This cost does to be in-line with pretty much everywhere else I'm finding while searching - $15-30 per business per month on the lowest priced, non-promotional plan, so I'm leaning towards just paying the fee. Do have 4 months according to the email announcing this before they're pushing it onto legacy customers.
« Last Edit: February 06, 2024, 09:07:43 AM by dandarc »

bluecollarmusician

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Re: Cloud-based accounting software
« Reply #1 on: March 08, 2024, 09:29:53 AM »
Hi @dandarc -

I see you haven't had any responses... too bad!

I came to start a thread asking a similar question; although different.

I have been using Mint (and Personal Capital) for a decade.  I haven't really kept up PC, as Mint seemed to work better for how I used it at the start.  For years I was really good with fixing transactions, etc- and though it wasn't perfect for me, it was good and free.

With Mint shutting down I was hoping to find a better solution that would allow me to import my decade worth of data-

I decided to give Quicken a try; the data import doesn't really seem to work the way that I wanted- but it does a few things that Mint didn't do.

So- Mint is gone, Quicken and Empower both do a couple things well- but not everything.

For me the big win with Quicken is the ability to separate out transactions for my schedule C and E; helping keep personal expenses separate from business expenses.  I think if I was diligent it would make tax time a lot easier.

But Empower seems to totally slay them with investment tracking- especially on the income side.

I am curious if you found something that you are happy with? 

Any luck?


dandarc

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Re: Cloud-based accounting software
« Reply #2 on: March 09, 2024, 12:46:05 PM »
Wife and I talked it over and decided we are good with paying if / when the time comes. Got a lot going on and switching over accounting systems needs to be low priority for probably remainder of this year at minimum.

Kris

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Re: Cloud-based accounting software
« Reply #3 on: April 01, 2024, 01:36:03 PM »
I use the free version of Wave, and yeah, it looks like as of March 15, my transactions have stopped uploading automatically. But I'm cheap, so I'm just going to download a csv file of my transactions periodically and upload them manually. (I only go through them in Wave once a month anyway, and it only takes a minute or so, so to me it's worth it not to spend the money.)

FtWorthAtheist

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Re: Cloud-based accounting software
« Reply #4 on: April 19, 2024, 12:39:41 PM »
I use MoneyDance.  It's not cloud-based, but I can use it on both my personal computer and my Android phone and sync them through a Dropbox account.  It supposedly has a service you can sign up for that imports upon request for an extra monthly fee, but I couldn't get it to work with any of my credit cards.  I download transactions manually as QIF or QBX files and import them into MoneyDance.  It's not free but I paid once and have been using the software ever since for about 5 years and my understanding when I paid is that none of the current functionality will expire.