I am in a savings pool. Like a #CreditUnion, it allows us to make our savings available to each other as loans. But we don't charge interest on the loans, instead members accumulate savings as they pay off their loans, which become available to them when the loan is paid off. Also, we make decisions about loans by consensus, instead of having a loan officer making final decisions. But we depend on volunteer administrators and we need some #FreeCode banking software to manage the accounting.
@wyatwerp thanks for the tip, I'll look unto that. Because of the novel way Savings Pools work, we'll probably need some dev work done to make the software fully match our use case. But building on top of a stable banking package could be a lot less work, and less risky, than starting from scratch.
#GnuCash will be up to scratch but its user interface is a bit of a nightmare.
On the other hand, since I guess you'll be mostly just moving amounts across ledgers as opposed to doing invoices, payroll, etc., it might be just bearable. 🙂
Or try the much more basic #KMoney. I wouldn't try to run a business with it but maybe it works for your case.
Would it be really a good idea to give users direct access to the accounting tool though?
If you're planning to have some sort of web interface maybe just have the users enter their transactions via a form or something and dump that into CSV files (or OFX, whatever your fancy) to be imported manually or automatically into the software?
> Would it be really a good idea to give users direct access to the accounting tool though?
In this case, yes. The Savings Pool is a cooperative model, all confirmed members are equally trusted, and need access to all the tools.
The transactions data could be automatically updated directly from the bank, the web interface would be mainly for keeping track of each members' savings balance, progress of any loan repayments, and savings points (see: https://livingeconomies.nz/solutions/savings-pools )
@0 the UI need not be complicated. Internet banking already does most of what you seem to have in mind. At present our admin sends us a spreadsheet once a month, which shows how changes to our shared bank account that month update our internal accounts. What we want is software that will tabulate and present the same interface on a secure, private web UI for each member.
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!