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On 2/03/2014 10:08 AM, Roy O'Kelly wrote:
I will try the tool, but keep in mind that I did not try it because I read
the evaluations and your website. Both prominently refer to double entry
book keeping and that put me off. It would put off most consumers here.
The US does not require me (a consumer) to use a double entry book keeping
system for my personal records. I'm held responsible for the accuracy of
my tax payments and how I do them is my decision.
I'm not looking for a Quick Books replacement. I'm looking for a Quicken
replacement. If AUS requires double entry then Quicken may not be a factor
in your market. Here it is far and away the dominant personal finance
manager and they have taken full advantage of that position. You are
forced to buy an new copy every 3 years or your electronic download
capabilities stop working. That would be bad enough, but they break more
than they fix every 3 years and the quality of the product has steadily
deteriorated.
It is for this exact reason I moved to KMyMoney. Unfortunately as you have
noted you cannot totally escape double entry jargon. as confusing as it is.
but you certainly don't need to enter the same information twice. KmyMoney
handles that and will automatically split transactions if you require it.
Personally I don't enter information at all (ok I do sometimes). I just
import my bank statements and credit card statements. Kmymoney handles the
rest :)
Unfortunately KMyMoney can't import my bank statements directly as they are
in an odd format and so most of my time is spent massaging them into a
standard format
Apart from that It's easy. So I suggest you try. and I for one would welcome
suggestions to improve it.
DC
Thanx
Roy
*From:*Chris [mailto:developerch...@rebel.com.au]
*Sent:* Saturday, March 01, 2014 5:26 PM
*To:* Roy O'Kelly; kmymoney-devel@kde.org
*Subject:* Re: [Kmymoney-devel] Feature request
So what you are saying is not "don't use double entry" But "hide double
entry from the user"
In my experience with KMyMoney it is mostly hidden.
Ultimately if any accounting system is going to be used by an accountant
for preparing your taxes. or even if you do them yourself. The tax office
requires double entry. At least In Aus that's how I understand it.
> I confess I have not tried your demo
Then why are you commenting?
Perhaps its better to try KMyMoney and suggest improvements. Sweeping
statements don't help anybody. and you might be surprised at how good
KMyMoney actually is. But rememeber its a personal account keeping system
so it is not designed to compete against quicken business accounting systems.
Having said that Its my goal to bridge some of that gap :)
DC
On 2/03/2014 9:20 AM, Roy O'Kelly wrote:
I'm very familiar with double entry and understand the purpose. I
confess I have not tried your demo, but the majority of complaints I
see from users seem to center on the double entry menus. I would use
the same entry menus that Quicken, MS Money and others use. It would
be one or two lines within an account that accepts the category of
the expense or an account name if the transaction is a transfer
to/from another account e.g. a transfer from checking to cash. It
would also have the Payee, amount, and room for a note. It would look
a lot like a check.
Since all accounts are reconciled against account statements any entry
errors in the amount are quickly caught. Admittedly, categorization
errors can occur, but those few errors are of questionable concern and
do not justify complicating (what should be) a simple data entry
process. I could never (for example) get my wife to enter the same
transaction in two accounts. God forbid I would need to explain debits
and credits. Some accounting classes no longer use those terms.
If you want to compete with the Quicken's of the world (and I'd like
to see you do that) you cannot have an entry scheme that only an
accountant can love.
Regards,
Roy
*From:*Chris [mailto:developerch...@rebel.com.au]
*Sent:* Saturday, March 01, 2014 4:39 PM
*To:* Roy O'Kelly; kmymoney-devel@kde.org <mailto:kmymoney-devel@kde.org>
*Subject:* Re: [Kmymoney-devel] Feature request
Double entry is a system designed to catch errors. People still make
mistakes when entering data (and programming). It is still relevant in
today's world.
I am curious. what system would you replace it with?
DC
On 2/03/2014 7:57 AM, Roy O'Kelly wrote:
You could actually have a successful product on your hands, but
you need to let go of double entry book keeping. The age of
computers is here and it just doesn't make sense for a consumer
any more (if it ever did).
Quicken continues to abuse their customers, there isn't a decent
competitor in the field. Do it!
Roy
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