Excited to see a modern, open-source approach to core accounting with Bigcapital! The inventory management and integration with invoicing are particularly interesting—streamlining financial processes is a huge win for small businesses. Curious about the roadmap ahead: any plans to expand the integration capabilities, especially with popular CRM or e-commerce platforms?
Hey All, Ahmed here 👋
Two years ago, I worked on a project for a bank to calculate the profit/loss from daily exchange currency transactions. Although I had never developed anything related to accounting before, accounting lodged in my mind, and I started to read many books about it and double-entry theory. I used many accounting softwares, but then realized all the core accounting softwares in the market are old and have a clanky UI and haven't evolved since decades ago.
Through the last few years we haven’t seen development and innovation in the core accounting and ledger applications, contrary to what was happening around NeoBanks, expense and credit cards tracking and AP services like Bill.com, Mercury, Ramp, Brex etc. We have decided to build new modern, open-source core accounting software that focuses more on automation, smooth user-experience and better financial statements, reporting and analysis KPIs.
After a year of development, today we’re super excited to introduce Bigcapital and launch on PH, Bigcapital is modern, open-source core accounting software, built to automate the accounting processes to make business owners and accountants run intelligent reports, financial statements and insightful KPIs for faster and better decision-making.
Bigcapital offers many features and capabilities, here’s the most featured features:
🏦 Sync bank accounts, credit cards transactions to ensure accurate financial tracking and close. It categorizes transactions automatically, or matches bank transactions with transactions already existing in the Bigcapital, supports multi-currency accounts, and simplifies bank reconciliation.
🤖 Bank Rules and Automation: Users can set up bank rules to automatically categorize transactions based on specific criteria, such as the payee, amount, or transaction type. This further automates the process and saves time.
📊 Financial Reporting: Bigcapital provides a variety of customizable reports, including Balance sheet, Profit and loss statement, Cash flow statement, General ledger, Journal, AR aging summary, AP aging summary, customers/vendors balance, Inventory Summary Sheet. These reports help users understand their financial position and make informed decisions.
📦 Inventory Management: For businesses that sell products, Bigcapital offers inventory management features that track stock levels, costs, and inventory-related expenses. It can also generate reports on best-selling items and average item cost.
Try It Now
⏱️You can onboard in minutes! No accountants are required to get set up. Do it yourself, then you can invite your bookkeeper or accountant. It takes a minute to onboarding.
We'd love for you to try Bigcapital! 👉 Sign up now at https://bigcapital.app and try connect your bank account. Also don’t miss the PH discount above. We'd love to get your feedback early about what we have built.
If you’re not ready you can sign-up and access the demo account to get know Bigcapital capabilities.
Report
@ahmed_bouhuolia This sounds like a fantastic solution for modernizing accounting software! Kudos to you and the team for building something so needed. Can't wait to see how Bigcapital evolves.
Hey Ahmed,
I'm wondering about the customization options. Can users create their own report templates or modify existing ones to fit their specific business needs?
Congrats on the launch!
Report
Congrats @ahmed_bouhuolia on launching Bigcapital! Excited to see how this open-source solution can streamline accounting processes and provide insightful KPIs. Perfect for businesses looking to make data-driven decisions. Upvoted!
Excited to see Bigcapital launching! Open-source accounting solutions are definitely a game changer for efficiency. Kudos to @ahmed_bouhuolia and the team! Upvote from me!
This looks promising! Love the focus on automation and insightful KPIs. @ahmed_bouhuolia, how does Bigcapital handle integration with other financial tools in the ecosystem? Looking forward to seeing the growth and traction of this project!
Epsilla (YC S23)
Bigcapital
Bigcapital
Telebugs
Elisi : AI-powered Goal Management App
Elisi : AI-powered Goal Management App