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Cash conversion cycle (software company)
Main Post:
Hi guys,
How does one go about calculating the CCC of a technology / software company as there is no inventory?
Thank you!
Top Comment:
Im guessing the inventory portion would be minimal, and it would be mostly be based on the days in collection and deferral period. This should also be in line with industry average.
Someone please correct me if I’m wrong?
Software recommendations: Best for cash flow forecasting?
Main Post:
Hello! I'm searching for personal finance software that will help me do future planning: Anticipating and scheduling deposits and expenditures.
If you have any recommendations or good experiences I would love to hear them.
EDIT: I'd like to find a product that has the ability to import transactions. Either a direct connection or a .csv file import.
Thanks!
Top Comment: PocketSmith has a cash forecasting calendar feature and allows for transaction imports
U.S. Bank Triple Cash Business Card - $100 Software Credit Datapoints??
Main Post:
Ok so this card has been sitting in my sock drawer immediately after I hit the SUB, but recently remembered that it has a $100 software credit if you make 11 months of consecutive "eligible software" subscription purchases.
I did some research and it seems like there really isn't a lot of datapoints for what is "eligible software". Here's what I've gathered, hoping anyone else with more experience with this card can add on.
It seems the bonus is triggered by strictly MCC code, rather than a merchant list, and the code seems to only be 5734 Computer Software Stores [src]
- Microsoft 365: One DP does not seem to work and that it will code as 5818 which is digital goods, a few older DP claims it will work. YMMW [ src] [src2]
- Protonmail: DP reported to work [ src]
- Midjoruney: DP reported to work [ src]
- Quickbooks & Freshbooks: multiple DPs reported to work
- Adobe / Creative Cloud & Photographer plan: multiple DPs reported to work
- ChatGPT GPT4 Subscription: DP reported to work [ src]
- Bitwarden & 1password: DP reported to work [ src]
Then there is this article from KrisFlyer that has a list of potential MCC 5734 merchants, including [src]:
- CarouPay
- Crazyegg
- DigitalOcean
- Discord: one DP below says Nitro Basic did not count :/
- Dropbox
- Indiegogo
- Klook
- PolicyPal
- Shopify
- Wix
But other than that one article, I could not find any other DPs on these merchants.
Then lastly, AFAIK there is still no consensus on what happens if your 11 months of subscriptions ends up being less than $100. Do you still get the full $100 credit? or only reimbursed for how much you spent?
- According to Doctor of Credit, you will get the full $100 regardless of how much you actually spent on software over your 11 months. So this can be profitable.
Anyways, that is all the information I could find in my quick research round. Please feel free to add your own DPs.
UPDATE 8/19 - DPs from comments on this thread so far:
- Discord Nitro: does NOT work, codes as 7372
- Adobe Acrobat Pro: one DP saying it does work, even with the card linked to PayPal, rather than direct payment
UPDATE 9/26 - Personal DP, I used the card for the first time since sock drawing it for a $0.63 OpenAI API charge, and received an email from USB with this subject "You bought the software. Remember to earn $100 from it!" which looks to me that the OpenAI API charge qualified.
- An interesting point from this is that it seems like anyone who has never used this card for qualifying software can very easily test if something counts by making the charge and seeing if you get a similar email.
UPDATE 11/20 - I don't know how longs it's been there but if on the Android USBank app, it shows you what purchases are counted towards the software credit, and there's even a tracker that shows how many months left until the credit hits. This seems to completly remove the need for trial and error, you just have to make once purchase and when it posts the app will show you if it is "eligible software".
- The flavor texts under the credit in the app now now broadens the software scope to also include "Streaming software such as Apple TV, YouTube Premium, and Spotify"
UPDATE FEB 2025 - There is at least one datapoint on Doctor of Credit of someone using the "Pepper" app to trigger the credit. Pepper is a gift card marketplace where you can buy gift cards to various brands, like Walmart, Amazon, Uber, etc, and you'll get 2-10% back in the app, on top of your regular card rewards.
The guy that posted on DoC has been just buying $1 Amazon gift cards on Pepper, and he says it's been coding correctly as 05734 (computer software stores). If this isn't patched, I think this is by far the easiest way to trigger the software credit. [src]
Top Comment: Not directly relevant, but I'm glad you posted this because I'd love to add this to my rotation to put a subscription on and just get $100 off every year... Seems like a no brainer.
Software glitch saw Aussie casino give away millions in cash
Main Post:
https://www.theregister.com/2024/04/18/software_glitch_casino_cash_giveaway/
Top Comment: Nepali programmers community. Share blog posts, your open source code, share interesting stuffs, anything you like. Ask questions related to programming, computing, gaming etc. Be specific as much as possible · https://www.theregister.com/2024/04/18/software_glitch_casino_cash_giveaway/
Open-Source Accounting software for Linux?
Main Post:
Heya!
I'm receiving my brand-new Tuxedo laptop next week, and I'm super excited about taking the plunge into Linux and the world of open-source in general.
I opted for a Tuxedo laptop to ensure a smooth transition, without too many hardware issues to deal with. In preparation for this new journey, I've looked into the software I would need for my use case (mostly personal tasks, some data analytics, a bit of programming, and simple development).
The one thing I need to get right from the get-go is managing my family finances. I manage about a dozen different bank accounts for five people, including myself, tracking credit and debit, investments... It's a bit complicated—almost like running a small business, but without issuing invoices. So far, I've kept the family finances together with a fairly complex Excel spreadsheet of my own design. It works all right but has the clunkiness typical of an Excel spreadsheet.
I had planned to build something more sophisticated using Python and a data visualization framework—is this even relevant? I assume there must be some open-source, free accounting software out there that would suit my needs.
From my early research, I found a few options, such as GnuCash, KMyMoney, HomeBank, and Akaunting...
Again, my use case: managing the credit and debit of multiple bank accounts, preparing the family budget, visualizing account positions, managing cash flow, and tracking investments (I do not need to issue invoices).
Has anyone had a similar use case and experience with any particular software? Looking forward to any tips! Cheers.
Top Comment: this? -> https://actualbudget.org/