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Okay, I can clarify here. I meant to say, my accountant fees range from about $1200 - 2800 a year. $400 was an off the cuff estimate and admittedly way off.
by koolk3ychain 6y ago
Okay, I can clarify here. I meant to say, my accountant fees range from about $1200 - 2800 a year. $400 was an off the cuff estimate and admittedly way off. You got me ;) I would still happily pay $3500 to not spend hours a year entering innocuous expenses into a fucking text editor.
- BeetleB 6y ago> I would still happily pay $3500 to not spend hours a year entering innocuous expenses into a fucking text editor. Fair enough. If your expenses are at the level of mine, I'd gladly take your $3500/year to do it for you. :-) And given that several commenters have said they spend about an hour a month on it, after all automation is in place, I'm sure many would take that money from you. It comes to about $300/hour. Certainly some people are earning a lot more than I am, and paying $300/hour is worth it to them. I'm not a hard core ledger user, but I have a simple solution: I don't enter anything into a text editor. I enter it into a fairly nice money management SW (using a GUI), that autofills a lot of stuff for me, and lets me import from my bank/CC. And then I simply run a script to convert its data format to ledger. I'm sure I spend more than an hour a month, though. I haven't automated most of my data sources.