Is there anything InDinero does for $99/mo that Mint doesn't do for free other than the cashflow projection? That's the thing that keeps me from spending the money to give it a real try (I'd need the $99/mo plan for even just the number of monthly transactions in my PayPal account, let alone all bank accounts, and I'm just a single entrepreneur). I already use Mint.
Exactly. If you ignore the hype, Quickbooks online provides descent app and info for $9.95 a month, and really killer features for $34. More than enough.
Cashflow etc are the basics.
I sent them an email asking about this. I am in a similar situation, but with my actual bank account. I can use the service but I can't go down to the transaction level without getting the payment prompt. I think they should give the first 30 days enterprise level free, then you can pay if you like it.
I could imagine with slightly more financial account integration how they could arrange to at years end have a simple process for Small businesses to have tax reports generated and other important information. It's certainly a nontrivial task to get up and running, but I'd definitely pay to have my entire financial information processing all taken care of in one place.
No, you can track everything: cash, credit cards, etc. I run Think on it completely, and it has 12 years of data in it. It does the vast majority of my annual 1120S for me, including Schedule L. The nice thing about FaceCash transactions is that there's no data entry required.
It would be interesting to learn what they did to get to the front page of CNN. Excellent PR firm? Techcrunch/YC coverage? Or just hard work and ingenuity by the founders?
Quite a bit of it has to do with YC and the tech community buzz and implicit validation. The founder of HipMunk mentioned that CNN contacted him out of the blue within a day after they launched.
If it was the same product done outside YC I don't think they would have got CNN coverage, at least not this soon.
Aye, YC is probably one of the strongest startup-related brands these days. It's shocking to see how well people respond to my relationship to YC these days. Back when Steve & I started reddit, we had to explain to nearly everyone just what "Y Combinator" was all about. The association really is validating in a lot of ways -- but every day it becomes even more important to keep up the brand's value.
(Full-disclosure: I'm a new employee at YC - Ambassador to the East)
I don't see this product being recommended by accountants anytime soon. Once they implement debtors, creditors, financial reports, taxes etc, I'll have a look again.
has anyone tried InDinero and outright.com? those seem like the up and comers to me. I'd really love to see a compare/contracts of these 2 & QuickBooks (QB has 80% market share)
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If it was the same product done outside YC I don't think they would have got CNN coverage, at least not this soon.
(Full-disclosure: I'm a new employee at YC - Ambassador to the East)
At this point it's just a toy.