At first blush I sort of blew this one off as being a featuer that we would have no use for.
On the other hand after reading a little more.. My wife and I run a consultancy business and since we are self employed we are not part of any pension plan. So we have some of our retirement savings (what's left after the last week or so) still in the business and invested in various things(stocks/bonds/mutual funds.....) Being able to track them outside of a spreadsheet might be a good thing. So if 2 people can use this I would be willing to bet it could be a useful add on to LSMB. On 08/09/2011 04:13 AM, Luke wrote: > On Mon, 8 Aug 2011, Chris Travers wrote: > >> First I think this is a great idea. However I have a few questions: > Thanks.:) > >> 1) What segments of users are most likely to benefit from this? > Interesting. I'm not sure, actually. Not even sure how you define > segments, but I'll take a stab. > > Any business that stores standby capital in trackable security > instruments, be they stocks, bonds, mutual funds, or even CDs. > Basically, anyone who stores money or invests money, in a way which can > not be tracked by holding it in a cash account (savings, money market), > and applying interest to some income account. > > I think this might also apply to certain non-profits, although I'm not > sure how big a segment that is for us. > > To my knowledge, which is admittedly limited, the methods discussed in the > article I referenced (cost or equity), only apply if you are some sort of > corporation or corporate-like entity. It may be that individuals, > partnerships, and soul pros would have to handle this differently, and > this would not be a useful module for that class of user, except as a > tracking device. I.E. the tracking of events or values might be useful, > but the resulting asset account would not. > Then again, maybe I'm wrong about how such entities handle these > things--I've never invested as an individual or similar class, but always > through corporate-like structures. > >> 2) What new markets would we be able to reach by including such a module? > The most honest answer I can give, is probably none. This is more of a > value added concept for existing or future users--I don't really see this > as a decision point feature for someone. > That said, if it's done well, and the other FOS accounting packages don't > do something like it, it may be a decision point for someone who > definitely has the intent to use such a feature extensively. > > At the moment, my business, and that of one of my customers, would > definitely use such a feature, which prompted my proposal of it. > > > Also if there are a significant number of users out there who would >> benefit from it today, it might be possible to spread the effort >> and/or cost around. > I will be very interested in community response to this--how often do > users in the SMB space, do any kind of investing with free or dedicated > capital through their businesses which use LSMB? > >> If not, then what is the absolute minimum we >> would need to do to make life just a little easier for folks who need >> to track this sort of thing? > I have spent the last two hours going through potential ways to answer > that question. > > The problem seems to be that the absolute minimum, while it will work, is > not scalable, at least not in the versions I've come up with. By > scalable, I should say that it can not be enhanced later, without > requiring the user to re-input all associated data in a new form. > > Whereas the enhanced version, by its very nature, does most of what would > need to be done for several security classes out of the box. > > So, the answer to your question is: I'm working on it.:) > > I'll keep playing with different ideas for this until I find one or some > that work(s). May have to make some spreadsheets, and let the > calculations play out with test data, to see what is needed. > > Luke > > ------------------------------------------------------------------------------ > uberSVN's rich system and user administration capabilities and model > configuration take the hassle out of deploying and managing Subversion and > the tools developers use with it. Learn more about uberSVN and get a free > download at: http://p.sf.net/sfu/wandisco-dev2dev > _______________________________________________ > Ledger-smb-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/ledger-smb-users -- Alvin Starr || voice: (416)585-9971x690 Interlink Connectivity || fax: (416)585-9974 [email protected] || ------------------------------------------------------------------------------ uberSVN's rich system and user administration capabilities and model configuration take the hassle out of deploying and managing Subversion and the tools developers use with it. Learn more about uberSVN and get a free download at: http://p.sf.net/sfu/wandisco-dev2dev _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
