Transity

Finance and crypto

plain text accounting

SHOW HN2018

190points
138comments
#195of 2,155 in 2018
Top 10%of 2018 by points

How HN took it

RoastedHalf or more of the comments are critical

9 positive, 9 neutral or asking, 2 mixed, 23 critical, out of 43 comments about the project. Thread score -0.22.

Idea: 7 for, 15 againstDesign: 1 for, 7 against

The thread, comment by comment

Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.

positive neutral or mixed critical about another commenter or something else the maker

What HN said

What people liked

  • Transaction-based model is more intuitive for personal finance

    From 2 comments
    • 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…
      athrun on HN
    • THANK YOU! I had the ideas used in this project in my head, but I've been putting off the work forever now. I LOVE YOU FOREVER for using transactions as the central operation…
      Uplink on HN
  • Tagging support is useful

    From 1 comment
    • THANK YOU! I had the ideas used in this project in my head, but I've been putting off the work forever now. I LOVE YOU FOREVER for using transactions as the central operation…
      Uplink on HN

Objections

  • Dismisses double-entry accounting, which is standard for proper bookkeeping

    From 3 comments
    • There are several things wrong here: 1. The author doesn't understand bookkeeping. 2. The author doesn't somehow believes that emulated teletypes are a good substrate for…
      madhadron on HN
    • I think throwing out the terms credit/debit is a mistake. Everyone operates on GAAP and we shouldn't deviate.
      marcrosoft on HN
    • > If this looks (and sounds) confusing or too complicated, you're not alone! It made sense in former times as this layout makes it easier to add up the amounts by hand, but not…
      JustSomeNobody on HN
  • Author misunderstands bookkeeping

    From 2 comments
    • There are several things wrong here: 1. The author doesn't understand bookkeeping. 2. The author doesn't somehow believes that emulated teletypes are a good substrate for…
      madhadron on HN
    • Basically the problem here is that the author didn't care even a little to understand why accounting is done with a double entry system. Basically what he was trying to do here…
      joyinsky on HN
  • Web page text has poor contrast

    From 1 comment
    • everyone is complaining about the accounting here, but I just want to say that 100 FONT WEIGHT AT #666 ON WHITE IS NOT AN ACCEPTABLE CONTRAST RATIO FOR BODY TEXT, especially if…
      Hello71 on HN

Requests

  • Support for multiple currencies

    From 1 comment
    • I tried to use Ledger, but it fails to handle multi currency ac ounting properly. Is the Transity well suited for that?
      avodonosov on HN
  • Support for splitting transactions across multiple accounts

    From 1 comment
    • So I like the idea of using YAML versus ledger's format (very slightly, I'm used to ledger's format so it's not a pain point, but YAML offers some ways to make things a bit…
      Jtsummers on HN

Questions

  • What is the use case compared with more powerful tools

    From 1 comment
    • No judgement, but can someone explain to me the use case for this sort of thing? I'd imagine for anything other than the simplest stuff, you're going to start using something a…
      sushisource on HN
  • Can money come from or go to multiple places

    From 1 comment
    • So I like the idea of using YAML versus ledger's format (very slightly, I'm used to ledger's format so it's not a pain point, but YAML offers some ways to make things a bit…
      Jtsummers on HN

Alternatives named

  • Ledger

    From 2 comments
    • Hm, the article asserts that Ledger doesn't have tags: > Sub accounts vs. Tags > But what if the expense is part of another category as well, like expenses for your vacation?…
      toomim on HN
    • So I like the idea of using YAML versus ledger's format (very slightly, I'm used to ledger's format so it's not a pain point, but YAML offers some ways to make things a bit…
      Jtsummers on HN
  • hledger

    From 2 comments
    • So I like the idea of using YAML versus ledger's format (very slightly, I'm used to ledger's format so it's not a pain point, but YAML offers some ways to make things a bit…
      Jtsummers on HN
    • Also worth check out http://plaintextaccounting.org/ Personally I don't like the yaml-like syntax. I use beancount myself, and with fava (https://github.com/beancount/fava) as…
      yegle on HN
  • GnuCash

    From 2 comments
    • There are several things wrong here: 1. The author doesn't understand bookkeeping. 2. The author doesn't somehow believes that emulated teletypes are a good substrate for…
      madhadron on HN
    • After trying to use GNU cash for some time, I got the feeling that a personal accounting app needs to be a web based service, to enable it to be used while on the…
      billfruit on HN
  • Beancount with Fava

    From 1 comment
    • Also worth check out http://plaintextaccounting.org/ Personally I don't like the yaml-like syntax. I use beancount myself, and with fava (https://github.com/beancount/fava) as…
      yegle on HN
  • Buxfer

    From 1 comment
    • 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…
      athrun on HN

Category, keywords, summaries and labels on this page were made by AI (Thread Reader v2) and not checked by hand. Each point links to the comments it came from.

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