It is a good start but the hubris here is quite high (and maybe not a bad thing). Funny readme but rather harsh. Seems I have been trolled enough to provide a response here...

I am not a fan of "Qwakbooks" and I can't believe I am about to defend it but... it does allow you to enter journal entries manually. In fact, you do not have to use any of the screens overlayed on top of the GL. The additional features are meant to help users do things faster and more efficiently. The details are not hidden at all but most users don't need to see them to be successful.

QuickBooks has all of the same core functionality including a well structured database too. You can interact with the QuickBooks Online API with a few endpoints and achieve the same thing much faster with scalability depending on which features you would like to use. If you don't believe me, just read through the API documentation which is really easy to follow. https://developer.intuit.com/app/developer/qbo/docs/api/acco...

So yes, this is a well structured database for an accounting system but beyond that there isn't much here.

Some other points:

"Due to its wide scope, the system is designed to be incomplete, allowing organizations to finalize the implementation." The customization involved to make this useable would be quite substantial and unaffordable unless you did it yourself (which would be a distraction from core business)

"Companies that adopt my system are far less likely to get audited..." This is false. You might survive an audit with a clean general ledger but it doesn't reduce the likelihood. There is also way more to audits than whether the TB balances - the substance of the transactions is obviously more important. ie. the accountant needs to know accounting otherwise audits with any system go poorly.

At quick glance... both this and QuickBooks do not have purchase order management, capex or prepaid amortization automation, approval workflows, muti-dimension transaction classification (for FP&A), or strong multi-company/currency support. These are all reasons why companies switch to a more robust (and usually more expensive) system. These features are needed for most but not all big companies with hundreds of employees moving around tens of millions of dollars.

user:	stevoh
created:	September 19, 2024
karma:	33