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Old 7th September 2012, 08:15   #76
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I used to use a software called gnucash a few years ago. This can import statements etc and show up some graphs - very good but takes time to understand. It's freeware and available for both windows and Linux. Anyone from an accounting background would understand the interface much better.
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Old 31st October 2013, 14:52   #77
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Default Online expense sharing tool

All of us at some point or the other have been involved in group activities with friends, roommates, family that required multiple people paying and then reconciling the expenses.

I have been part of them too and have had the privilege of experiencing excel hell while reconciling all the details and summarizing for the group. And expenses are always a touchy area,

Recently i came across Short Reckonings, a web based tool that i felt made life easier while reconciling and keeping it transparent to everyone. It can be updated offline too! How i wish i has found this earlier.

www.shortreckonings.com/‎
Mobile Version m.shortreckonings.com

Best part is that everyone who's made an expense or has been paid for by someone else can update/look at it . You dont have to rely on one accountant.

All it requires is for someone to create an entry and share the link with the group.

Ex. Mr. A who has payed for the lunch for MR B, MR C will update the tool.
MR B and Mr C will update their inputs. The tool will calculate who owes who how much for each expense or as a summary.

Try it out.

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Old 31st October 2013, 15:24   #78
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Default Re: Online expense sharing tool

Please see the below picture to get a feel of how the summaries look.

added a preview picture for the tool from the site.
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Old 31st October 2013, 15:32   #79
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Default Re: Online expense sharing tool

Haha. We have one such guy in our group who is extremely good at doing all this "hisaab kitaab"

However, for those who are not that lucky to have such a person in their group, there are plenty of sites available now. One of my friends says they used billmonk.com (now its billpin.com) when he was in college.

When I was in college, we used those archaic tools called pen and paper. Here is what they looked like!!
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Old 31st October 2013, 15:54   #80
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I used buxfer and it was quite good
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Old 31st October 2013, 16:13   #81
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Default Re: Online expense sharing tool

Quote:
Originally Posted by amitoj View Post

When I was in college, we used those archaic tools called pen and paper. Here is what they looked like!!
Attachment 1160558

ROFL !! Thatz a good one.

I still use it. That way, lets me ensure that my mathematical skills are intact (by not using a calculator).

Last edited by deadguy25 : 31st October 2013 at 16:17.
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Old 2nd November 2013, 15:41   #82
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Default Re: Online expense sharing tool

Quote:
Originally Posted by vikramvicky1984 View Post
I used buxfer and it was quite good
+1 to this. buxfer free version should be good enough for most of us.

https://www.buxfer.com/

Available Features : Unlimited Transactions, Split Bills and IOUs

Last edited by rejeen : 2nd November 2013 at 15:43.
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Old 28th December 2015, 14:57   #83
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Default Re: Accounting (Credit /Debit) Software needed

From the historic posts it looks like Tally is the preferred software for small businesses but I wish to open this question again.

My wife runs a small business for which we've maintained our accounts in excel so far. We'd be getting our sales tax number this year so wish to have a better account keeping practice going onwards and hence the requirement for a software.

Any free softwares that provide an end-to-end account keeping solutions or must I buy one? If buying, what are some of the softwares that aren't too complicated for a single-user and provide enough to enter expenses, credits and manage labourer's payroll?
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