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I can only speak for me, but modeling financial flows in terms of transactions and not accounts is much more intuitive than the classical alternative. I'm a lo
by athrun 8y ago
I can only speak for me, but modeling financial flows in terms of transactions and not accounts is much more intuitive than the classical alternative.
I'm a long time Buxfer user, which also works like this.
It's not that I don't understand double entry bookkeeping, I've used GNUCash for a long time before moving away. It is indeed very powerful and flexible, but it always was too much of a chore to maintain and next to impossible to get other family members to contribute.
I'm not sure this "transaction model" would be appropriate for business accounting, but IMHO it works very well for Personal Finance.
- kungtotte 8y agoI played around with the buxfer demo a bit, and one thing wasn't really clear to me: is it possible to schedule fixed payments? There was some kind of reminder system, but does it automatically add the transaction or will I have to log in to manually add those transactions? Simple recurring transactions is like the one feature I really need from a tool like this.