InDinero (YC S10) makes small business finances a snap | Hacker News Reader

InDinero (YC S10) makes small business finances a snap

money.cnn.com

30 pointsil15 comments

Is there anything InDinero does for $99/mo that Mint doesn't do for free other than the cashflow projection? That's the thing that keeps me from spending the money to give it a real try (I'd need the $99/mo plan for even just the number of monthly transactions in my PayPal account, let alone all bank accounts, and I'm just a single entrepreneur). I already use Mint.

I sent them an email asking about this. I am in a similar situation, but with my actual bank account. I can use the service but I can't go down to the transaction level without getting the payment prompt. I think they should give the first 30 days enterprise level free, then you can pay if you like it.

I could imagine with slightly more financial account integration how they could arrange to at years end have a simple process for Small businesses to have tax reports generated and other important information. It's certainly a nontrivial task to get up and running, but I'd definitely pay to have my entire financial information processing all taken care of in one place.

The accounting software behind FaceCash (which I run) does this. http://www.facecash.com

If you have SSL issues with the site, it's because we just switched hostnames and the new EV certificate is pending.

But only for money that comes in thru Facecash?

No, you can track everything: cash, credit cards, etc. I run Think on it completely, and it has 12 years of data in it. It does the vast majority of my annual 1120S for me, including Schedule L. The nice thing about FaceCash transactions is that there's no data entry required.

I don't see this product being recommended by accountants anytime soon. Once they implement debtors, creditors, financial reports, taxes etc, I'll have a look again.

At this point it's just a toy.

I'd still like to know where the 4,000 clients came from.

has anyone tried InDinero and outright.com? those seem like the up and comers to me. I'd really love to see a compare/contracts of these 2 & QuickBooks (QB has 80% market share)

They are profitable but the founder isn't earning any thing?

CNN? Well done.

It would be interesting to learn what they did to get to the front page of CNN. Excellent PR firm? Techcrunch/YC coverage? Or just hard work and ingenuity by the founders?

Yeah, this. How do you manage to get that kind of coverage?

Quite a bit of it has to do with YC and the tech community buzz and implicit validation. The founder of HipMunk mentioned that CNN contacted him out of the blue within a day after they launched.

If it was the same product done outside YC I don't think they would have got CNN coverage, at least not this soon.

Aye, YC is probably one of the strongest startup-related brands these days. It's shocking to see how well people respond to my relationship to YC these days. Back when Steve & I started reddit, we had to explain to nearly everyone just what "Y Combinator" was all about. The association really is validating in a lot of ways -- but every day it becomes even more important to keep up the brand's value.

(Full-disclosure: I'm a new employee at YC - Ambassador to the East)

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