We should `rethink` QIF format.

[gustawdaniel]

• We should abandon QIF format?

https://github.com/Gnucash/gnucash/blob/master/gnucash/import-export/qif-imp/file-format.txt

Reasons:

• The QIF is an old and rather broken file format
• fails to define important data (such as the currency denomination, or the exchange rates when transferring between accounts marked in different currencies)

Main reason of creating this software are

• handling currency denomination
• the fluent calculating real value of assets
• transition from cash to memorial accounting

Gain from this software will be achieved when it will help to manage liquidity level and avoid losing money on inflation without increased risk of lost cash for current expenditures.

• What to do? We should find QIF successor.

---

But In article

https://www.propersoft.net/howto/what-is-qif-format

• QIF was introduced by Quicken
• is simple, comprehensive, structured

Inflation data are external and are not connected with transactions. It can be used to analysis independently.

[gustawdaniel]

Research

• Frape looks interesting but even his simplest tool is too complicated for us

In order to capture a Payment from a Customer, you create a Payment entry. You can create a payment only for a submitted invoice. https://frappe.io/accounting/docs/payment

Frape is group that created ERPNext tool. It looks interesting.

https://erpnext.com/

• FreshBooks they have time / expences / projects tracingk. So it can be interesting.

https://www.freshbooks.com/expenses-and-receipts-tracking

Pricing 15 USD / month

https://www.freshbooks.com/pricing

They have API

https://www.freshbooks.com/api/start

[gustawdaniel]

Unfortunately FreshBooks is not open source and do not supports QIF. There is list of alternatives.

https://alternativeto.net/software/freshbooks/?license=opensource

[gustawdaniel]

This is great library for perl

https://metacpan.org/pod/Finance::QIF

It too supports QIF.

IDEA:

• Create serverless API that talks in Json and store in QIF.
• In other project create Vue client that communicates with it.
• Serverless Api should be responsible for synchronisation process.
• Then syncing will not be done on client.

Plan

sotrage -> np dropbox - where qif file is stored. serverless api that gives to any client common interface __ client

Problem. Client should work without any connection, so it should store QIF file with all data.

__ solution. fix npm library to do it / do it by blockchain.

[gustawdaniel]

Now QIF is implemented with success.