...makes the world go around

I have been searching software packages to find an accountancy application to suit. Most have been designed for old style bricks and mortar businesses. None provide the functionality I need without providing loads of functions I don’t.

I want the package to:

• Be Web based
• Handle multiple currencies
• Track account payments
• Track expenses in same categories as UK tax forms
• Divide expenses into taxable / non-taxable categories
• Handel Micro-payments
• Be able to integrate with on-line payment systems
• Produce invoices
• Collate data for tax return

I do not need:

• Stock control
• Employee details payments
• Reams of financial reports

I tried looking for open source applications that I could hack, but there is none that come near my requirements.

I have decided to create my own application to the above specification. If I base it on the php / MySQL application I developed of “Getting Things Done” it should not take too long. It is a simpler application.

Other advantages in creating my own the application are:

• I will have to develope a clear understanding of my business
• I will have to understand the tax laws
• I will retain control over essential data
• I can tailor the application to suit my needs exactly
• No learning curve on third party applications
• No cash layout
• Mastering more web coding techniques (eg how to integrate with paypal or Amazon)

I have put aside 2 weeks to develop the basic application. Then a further week to enter all my data from the last three years.

Once complete, the application will make filing tax returns much simpler. Plus, I will be able to create and track invoices automatically once I get the on-line integration working .

This is my least favourite part of working for myself. Time spent now will reduce stress and free up more time for the things I want to do.

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