Treasury

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==See Also==
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*[[Annual Report]] - some financial reports and stuff, color coordinated to look official-like.
 
==New Accounting System==
 
==New Accounting System==
 
===Minimum Requirements===
 
===Minimum Requirements===

Revision as of 21:46, 3 January 2012

Contents

See Also

  • Annual Report - some financial reports and stuff, color coordinated to look official-like.

New Accounting System

Minimum Requirements

Following are the features that we need to keep track of our basic finances:

  • import and reconcile transactions (Xero is TERRIBLE at this) from
  • keep repeating invoices for membership dues & regular donors
  • some smart suggestions to reconcile incoming transactions with their matching invoices (xero is betarded at this. It searches only by amount, not by name and amount)
  • categories for flagging transactions as various types of expenses and income to make taxes easier
  • custom categories / tagging to track income/expenses for sub-projects (like the Noisebridge Tor project) separately from the general fund
  • some reasonably convenient way to output data (graphs and reports would be nice, but good clean csv files would do. I can matplotlib that shit.)
  • clear tracking of unpaid invoices
  • Reasonably forgiving and customizable rules system (i.e. xero has logical rules for automating reconciliation but won't let you create rules to reconcile against created invoices, only to create new transactions)
  • Reasonable batch edit UI (i.e. xero won't let you delete invoices once created, you can only void them, one at a time, and it's 4 clicks per void. Not A Feature.)
  • generate receipts easily
  • report generation for standard bookkeeping reports such as a balance sheet and profit & loss for reasonably custom date ranges.
  • web-based or linux-compatible local app. Some sort of remote data storage and ability to access from multiple machines is required. (Dropbox is an acceptable aid for this)

Bonus Features

These are in order of priority. Lacking any of these is not a deal breaker, but we really hope for the new system to include some of the higher-priority extras.

  • API
  • direct access to the full details of paypal or square transactions (i.e. notes to the payee, etc)
  • really smart algorithms for invoice reconciliation, alteration and deletion (i.e. delete invoices for this member during these dates or change the invoice amount on individual invoices without affecting repeating invoices)
  • an interface which isn't bleeding edge flash that trips up in Linux
  • automated email invoicing for recurring invoices

Options to look into

Bookkeeping

Invoicing

Payment processing

  • Authorize.net
    • subscription payments
    • $99 startup, $20 monthly fees +$10 for subscriptions, $0.10 transaction fee, $0.25 batch fee
    • service provided through resellers
  • CheddarGetter
    • Cash in general
  • iTransact
    • merchant account and gateway, etc. Fees.
  • Beanstream
    • online credit card payments
    • bank debits
  • PintPay
  • Mazooma - online service for bank account transfers.
    • can't find much info on creating a merchant account without actually signing up. Annoying FAQ.
    • accepts most big banks. Credit unions probably screwed.
  • MoneyBookers - online payments
    • Looks like a pretty direct paypal substitute
    • Supports recurring payments
    • In the USA, accepts visa, mastercard, and bank transfers
    • Good international support for payment systems
    • Fees include a flat $0.29 + 2.9%
      • There are additional fees for some transaction types. Very confusing fee structure.
    • Money laundering policy! - honestly these guys come off as corporate dicks. Anyone have positive things to say about them?
  • Flattr - micropayment system
    • Uses Moneybookers or PayPal to transfer funds.
    • 10% fee.
  • Google Checkout - online payment processing
    • Fee maximum: 2.9% + $0.30 (less if we have >$3K/mo transactions, but that's unlikely)
    • requires a google account
  • WePay
Personal tools