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I started setting up hledger this year and I’m with you for a small business it is absolutely great. Some notes: - The initial setup of the books is pretty ti
by abhiyerra 3y ago
I started setting up hledger this year and I’m with you for a small business it is absolutely great.
Some notes:
- The initial setup of the books is pretty time consuming especially if you have a lot of accounts. I recommend starting your most important accounts and adding as you go along.
- Mass changing categories is just a search and replace so I have been getting pretty fine grained with the categories as I go along.
- Being a small business the separation from business and personal is needed from a legal standpoint, but from a practical standpoint I live off an owner’s draw and a put cash into the LLC when investing in its growth. Having hledger have all my accounts, personal and business and being able to filter out appropriate reports has been great for seeing things like is the business a money pit or am I actually growing wealth over time.
- I combine hledger csv output with Jupyter to generate the specific reports and charts I need. I.e business specific versus combined for taxes. This filtering also has me thinking of other ideas like figuring out which credit cards to apply for based on my expenses.
Overall more fine tuned than what I have been able to achieve with Quickbooks over 8 years.