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100 sats \ 4 replies \ @pillar 19 Jul 2022 \ on: Ask SN: What interesting, non-Bitcoin technology have you been using lately? bitcoin
Gnucash! It's a great way to run your personal accounting. You need some knowledge since it follows strict double-entry accounting, but it pays off. Specially if you are starting to have finances where you have fiat accounts, BTC wallets, other investments, some debts, etc. and answering a simple question such as "What is my networth?" has become a nightmare.
depending on your level of nerdery, check out https://github.com/beancount/beancount . It's double entry accounting in plain text files. The thing. I like about it is it makes asset conversions really easy, which means you can easily make queries like "how much did I spend on coffee last month in Bitcoin terms"?
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Yep thanks for suggesting. I did look on to it and also saw how it was clearly superior to gnucash in terms of handling btc as just another day to day currency. But accounting through CLI is just a bit too much for me.
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yeah, it's a bit much...
Might be worth a look through their docs. You may find a bit of workflow that you can lift to GnuCash. GnuCash is awesome, I used it for a while a few years ago but it really is a power tool. I found that you need to really know what you want out of it to maximize its utility
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Thanks for the recommendation! I've been using YNAB as my budget tool lately, though I rarely log onto it.
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