> Budgeting for entrepreneurs who loathe spreadsheets
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".
Thank you for your comment. I am the app's creator, and English is my second language. This is a work in progress, I hope that more feedback like yours will make this app better in time.
I think this looks novel and interesting, but I’d recommend putting really screenshots/animated gifs of the product on your landing page, highlighting use cases. I want to see the product before signing up.
Thank you dchuk. This is a great idea. I am gathering user feedback and plan to implement some changes within a month or so. Thank you for your valuable feedback!
Congrats on your launch! I agree that screenshots could help. I also feel the section “Why it might be important for you?” deserves to be higher up in the hierarchy of the page to ensure users they’re found the right product.
This a pretty neat and if I ever go past a sole proprietor LLC it's something I would be very interested in.
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 :)
A sole proprietorship is the simplest business form. It’s just you, doing your thing.
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 gamified my debt repayment with a popular free online financial service that has a net worth chart that shows assets, debt, and a net worth trend. Getting those red lines below the line to go up was a huge motivator for me and even if my debt wasn't at zero, seeing it tic up over time was rewarding. slowly but surely, I did it.
That one feature is a major make or break feature imo.
Hi gpspake - this is Piotr, the app's creator. I am so happy that you did it!
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.
Hey! Thanks for your comment. This is a valid question. I plan to talk and personally present the app to as many users on the internet as possible. I am in no rush. "Slow is smooth, smooth is fast."
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.
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".
[1] https://goodsheet.app/make-it-work-tab-3@2x.png