Ok, thanks a bunch @david
Quitbooks is getting horrible reviews so I won’t go with that one though:
I’M was about to look into Xero (I had signed up), but they seem to lately getting lot of negative reviews too from current an past users too:
It’s hard to find a accounting system that just does it job and does it well.
I’m currently searching for self hosted versions (My preference and if possible open source because privacy, data integrity and freedom of choice is important to me), but it seems those options are quite limited too. If you have any suggestions for any system that might work with Invoice Ninja then I would appreciate that a lot.
Yes they are based in New Zeeland from what I know. But jurisdiction wise New Zeeland with Jacinda Ardern is going all totalitarian’ nuts too like Australia which is a concern if you can trust the data’s integrity too in the long run.
No data is private in the cloud but you can limit that by choosing the right jurisdiction which do give the most data and privacy protection.
I do disagree with the points you have made in your comment, but I also do not believe an invoicing system’s forum is the best place to have a political discussion.
Aside from that, Xero hosts their data on U.S. based AWS servers.
it is not a political discussion at all. It´s about the best jurisdiction to place your company’s data to be safe. It something very important you need to take to account when choosing a service provider.
That doesn’t make it better. Then the US authorities have access to your company’s financial records too.
Well preferably in my company we prefer to host our systems ourselves and avoid cloud hosting as much as possible. Only if you host it yourself then you can truly guarantee the the integrity of your data and then you also own your own data 100%.
But from what I been reading Sweden, Denmark, Norway Iceland, Switzerland, Bulgaria, British Virgin Islands and The Seychelles is apparently among the top countries/jurisdiction when it comes to a strong privacy protection of data.
I have worked with many accounting systems over the past 30+ years. Quickbooks is fine for the small business that hires a good bookkeeper to keep the database accurate. It does require due diligence. On top of that, if your company has a large amount of transactions, the database will slow down significantly. There is no way to actually access the database, which makes data conversions tricky too should you need to upgrade.
If you are a very small business and sole proprietorship, Quicken Home & Business is sufficient. If you need to maintain a balance sheet, consider Zoho Books. It’s free. But like you, I do prefer in-house hosting. You have control over your data in full, plus it is easier to perform data conversions as your business grows and your needs for a more in-depth ERP system grows too.