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Ask HN: Startups, what accounting software do you use?

7 points by bsbechtel ↗ HN
I'm just curious what others are using, and how they like it. My company has Quickbooks Online, and it's more of a "it's the lesser of all evils" relationship than being a desirable product. Has anyone found something that's truly great?

7 comments

[ 5.4 ms ] story [ 28.3 ms ] thread
Amir6
I use Libre office Calc along with many formulas and scripts inside it.
luxpir
Care to share any templates?
eswat
I had been using Freshbooks when I tried to do a lot of my stuff on my own. But I switched to Xero plus some supporting software - Receipt Bank and Hubdoc - after having an accounting firm help me in that area.

Between my first and current business, I had started another company and my co-founder found QuickBooks Online to be the lesser evil as well. She was still not a happy camper about using it though.

As far as I’m aware Xero has the least amount of issues that I’ve seen from all the packages: there’s too many little inefficiencies and annoying things with QBO and I found there’s a ceiling with FreshBooks in terms of the software being able to grow with your needs as your business grows. Xero strikes a good balance here IMHO, but still has its pains (especially if you invoice through Stripe in multiple currencies).

luxpir
I use Freeagent here in old Blighty, mostly because the accountant likes it and it does an OK job importing from the bank. Would prefer a lightweight FOSS solution though, neither GNUCash nor h/ledger seem to fit the bill, particularly for auto-generating personal and corporation tax amounts due.

Have considered making a spreadsheet, as amir6 uses in this thread, but it would be missing many features. A collective effort to build out the templates might eventually get there though...