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A better QuickBooks replacement? ZarMoney
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Posted 2/18/2023 06:25 (#10100334 - in reply to #10099871)
Subject: RE: A better QuickBooks replacement? ZarMoney

Like any software change you might consider, it's best to use the 30-day trial for a bit before leaping in with both feet!

After exploring ZarMoney a bit more, here are a few more tidbits I've discovered...

* Like QB desktop, you can have as many different company files as you want on a single ZM subscription. So if you have a farm business and other separate business(s), you can keep the books for all of them for one $15, $20, etc. subscription. (This is different from QuickBooks Online, in which each additional set of books costs you another subscription...which can become VERY pricey.)

* Though ZM currently does not produce a cash basis P&L report, it should do that soon if you can believe their development roadmap (see photo). Users can also submit feature requests directly on ZM's Roadmap web site. (The number of requested features is a lot larger than implied by the few shown on the main roadmap page in the photo.)

The fact that ZM even *has* a publicly accessible development roadmap is something very different from Intuit's secretive plans about coming changes to QB editions.

* ZM handles Items a bit differently from QB, which is either good or bad depending on your perspective. (You won't care about this at all if you don't use Items!)

Suppose you set up an Item in ZM called Corn Sales and assign an Income account named "Sales" to the Item. You use the Corn Sales Item for entering several transactions, but then after adding some accounts to your Chart of Accounts you decide you want the Corn Sales Item to point to an Income account called Sales > Corn (i.e., a subaccount of Sales). After using the Item in a few more transactions, you realize that the new transactions posted income to Sales > Corn, but income from the old transactions (the ones entered before you changed the account assigned to Corn Sales) is still posted to Sales.

In QB, the income from all Corn Sales transactions would have been automatically moved to Sales > Corn. Not so in ZM. If you want the all of the income moved you'll have to do it manually--either with a single journal entry, or by editing all of the old transactions.

ZM argues (rightfully so) that automatically moving income when the account(s) associated with an Item is changed can wreak havoc on historic reports (i.e., for last year or prior). One of the big no-nos of accounting is to alter prior-year reports, because then the records in your accounting system won't match printed reports from those periods.

* ZM has a lot of different reports, as does QB, but ZM's ability to filter reports is for the most part quite limited--something some prior QB users will miss but others won't care much about. All ZM reports can be exported to Microsoft Excel though, which gives you an option for paring down a report if you are handy with Excel.

Edited by Flagship 2/18/2023 06:28

(ZMRoadmap (full).jpg)

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