I built this to tackle $30k of Debt(goodsheet.app) |
I built this to tackle $30k of Debt(goodsheet.app) |
I get this is app not supposed to GAAP compliant, but it still bothers me that in one of the screenshots[1] "accounts" (presumably what you have in your bank accounts today) counts as "income".
Would "Total assets" work better for you?
If you'd like to see the app in action before signing up – please check out my video tutorial https://www.youtube.com/watch?v=tdM_G64xLdA
Maybe that will help :)
Currently I just have a YNAB budget (personal and business co-mingled) and that does a decent job of tracking what I need. Initially I tracked my business in a separate YNAB budget but that was a pain to manage and since for tax reasons it doesn't matter I just shoved it all together. I maintain a spreadsheet with my business income/expenses so that come tax time I can do my deductions easily which this tool might help with but unless I want to separate my finances (I don't right now) it's not worth the double-input.
Sure thing. Happy to hear that YNAB works for you!
I want to focus on people starting to get traction with their freelance/business but still need the tools. I saw how easily it is to get lost in finances when you have a few projects at once, so I used design and development to create something that people would actually want to get into every week to update their data.
That's the hope, at least. Thank you for your time checking out the landing page! I appreciate your feedback :)
But an LLC is very different. It is an entity separate from you that can have its own income and protects you, the member of the LLC, from some liability.
There is no sole proprietor LLC. There can be a single member LLC, and such an LLC, for tax purposes, can be invisible if you choose. This is called a disregarded entity. For the purposes of taxation, gains and losses essentially flow through to your personal return as if the LLC didn’t exist. But you still have some liability protection if you act properly.
If you think what you have is a sole proprietor LLC, it is very likely that what you actually have is a single member disregarded entity LLC.
(None of which matters a lick but some people like to know the fancy words. If that ain’t you, feel free to ignore!)
I made this app to help people who struggle with finding a good solution that works for them. After dozens of discussions with entrepreneurs like me, I discovered that most people don't track their assets or costs and think they'll get by. I don't think this is the best strategy, so I learned development and created the Good Sheet app.
Thank you for your feedback, I am happy that gamification helped you pay off your debt. This was the idea for the design of my app. I feel like updating the data every week takes 5 minutes but gives so much clarity and direction. At least for me. Now I am on the journey to help other people by trying my system. Maybe it will help them just as it did help me.
Thanks!
one question: how do you plan on getting users?
I just finished the app, and to be honest, I didn't know that the "last mile" would drain so much energy from me ;-) I plan to take it slowly for a week or two, but after that I have some ideas. I want to build in public and find some people on Reddit / Indie hackers / Twitter / Internet, who are running a business like me, but don't use any this tool yet.
I can see how this system improved my understanding of the cash flow, and I want to help people minimise stress as much as possible. After discussing the topic with dozens of people, I see that there's a need for such an app, and it was a joy to work on it, but now I get to the hard part – finding out what are the needs of users, checking out if they understand the concept, improving the UX etc.
If you'd like to see how it goes – check me out on Twitter https://twitter.com/piotr_synowiec. I haven't said a word yet about this app, because I am so tired after the launch :D but when I get back from the holidays, next week, I will start writing more about my journey.
And thanks for your good words :)
find that this part (distribution) is the hardest so look fwd to learning from you