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I actually need the first item listed there (InDinero replacement), but I signed up and am sort of confused? I would very likely pay for this feature, but I'm

by tarr11 9y ago

I actually need the first item listed there (InDinero replacement), but I signed up and am sort of confused? I would very likely pay for this feature, but I'm not willing to commit to much unless it works. I would pay a nominal amount to "kickstart" it I guess, and have the option to sign up later. But it's a fairly nasty problem - porting your books a proprietary platform to QuickBooks seems full of traps.

tenzo 9y ago
I just signed up to 'solve this problem' as it's something I'm currently working on. Is there a particular reason why you're looking for an InDinero replacement?
- tarr11 9y ago
  In short, service quality has gone down. I feel like for the amount I'm paying, I could get a lot more value somewhere else. The problem is that it's very expensive and risky to switch accounting packages. When we started with them, we paid about $400, and they did payroll, accounting, and taxes, plus Stripe integration for a DE C corp. We had a monthly meeting with a bookkeeper. We'd get responses to all requests within a day or two. Now, we pay 3x that (our revenue has grown) they've eliminated payroll, they've outsourced our bookkeeping to somewhere else, and often don't respond for many days. They delay filing taxes until Sept always. I don't really feel like they understand our business particularly well. They've quoted me nearly double to switch to accrual accounting, and I suspect it's even more expensive than that. I can't really use it for management purposes or cashflow forecasting, which are my two biggest pain points. I'd rather be on Xero or QB which are industry standard. I could then work with experts who could help solve specific problems (accrual accounting, revenue recognition, etc) on an industry standard platform. I'm not interested in moving to another bookkeeping software however, unless it's QB or Xero.
wdaher 9y ago
Just signed up to "solve this problem", since we've been building ~the exact thing that post describes: an accounting service built on top of QuickBooks Online, with really robust integrations for services startups use (e.g. Gusto, Stripe, Expensify, etc.) Like inDinero or some of the other options out there, we're a service that takes care of your books for you, so you don't need to think about them. But with a few key differences: * We're built on QuickBooks Online, so you're not locked into a system that no one else knows how to use. (It's still a proprietary system, but it's the industry standard.) * We take a hybrid humans + software approach. Most of the work of keeping the books updated is tedious data entry, and when humans do the work (no matter how talented they are), it's super-error-prone and frustrating. Our attitude is: computers should do the tedious repetitive work, and our talented team of pros should focus on (a) doing the tricky stuff, (b) understanding the specifics of your business, and (c) answering any questions you have. * We're startup people, so we've had these problems ourselves. This is our third startup — our previous companies were Ksplice (acq. by Oracle) and Zulip (acq. by Dropbox), so we're definitely not strangers to building software. (Incidentally, we've done a bunch of migrations from inDinero before.) Basically, our thesis is: humans + software each doing what they do best. (Or, if you like, we're building an Iron Man suit for our people to do your books with higher quality.) We're in private beta today and have been doing the books for a bunch of tech companies (all the way from newly incorporated to well on their way to their Series B). We're actively taking on a steady stream of new customers, so if you're interested, send me a note: waseem@zapgram.com

by tarr11 9y ago

tenzo 9y ago

I just signed up to 'solve this problem' as it's something I'm currently working on. Is there a particular reason why you're looking for an InDinero replacement?

tarr11 9y ago
In short, service quality has gone down. I feel like for the amount I'm paying, I could get a lot more value somewhere else. The problem is that it's very expensive and risky to switch accounting packages. When we started with them, we paid about $400, and they did payroll, accounting, and taxes, plus Stripe integration for a DE C corp. We had a monthly meeting with a bookkeeper. We'd get responses to all requests within a day or two. Now, we pay 3x that (our revenue has grown) they've eliminated payroll, they've outsourced our bookkeeping to somewhere else, and often don't respond for many days. They delay filing taxes until Sept always. I don't really feel like they understand our business particularly well. They've quoted me nearly double to switch to accrual accounting, and I suspect it's even more expensive than that. I can't really use it for management purposes or cashflow forecasting, which are my two biggest pain points. I'd rather be on Xero or QB which are industry standard. I could then work with experts who could help solve specific problems (accrual accounting, revenue recognition, etc) on an industry standard platform. I'm not interested in moving to another bookkeeping software however, unless it's QB or Xero.

wdaher 9y ago

Just signed up to "solve this problem", since we've been building ~the exact thing that post describes: an accounting service built on top of QuickBooks Online, with really robust integrations for services startups use (e.g. Gusto, Stripe, Expensify, etc.) Like inDinero or some of the other options out there, we're a service that takes care of your books for you, so you don't need to think about them. But with a few key differences: * We're built on QuickBooks Online, so you're not locked into a system that no one else knows how to use. (It's still a proprietary system, but it's the industry standard.) * We take a hybrid humans + software approach. Most of the work of keeping the books updated is tedious data entry, and when humans do the work (no matter how talented they are), it's super-error-prone and frustrating. Our attitude is: computers should do the tedious repetitive work, and our talented team of pros should focus on (a) doing the tricky stuff, (b) understanding the specifics of your business, and (c) answering any questions you have. * We're startup people, so we've had these problems ourselves. This is our third startup — our previous companies were Ksplice (acq. by Oracle) and Zulip (acq. by Dropbox), so we're definitely not strangers to building software. (Incidentally, we've done a bunch of migrations from inDinero before.) Basically, our thesis is: humans + software each doing what they do best. (Or, if you like, we're building an Iron Man suit for our people to do your books with higher quality.) We're in private beta today and have been doing the books for a bunch of tech companies (all the way from newly incorporated to well on their way to their Series B). We're actively taking on a steady stream of new customers, so if you're interested, send me a note: waseem@zapgram.com