Startup Idea: Accounting Tracker for Financial Professionals

Startup idea to develop a simpler, less-complicated software for finance and accounting professionals to track and balance multiple client accounts. The software should automate the set-up process, reduce potential errors, and facilitate collaborative work on the same account. Key features should include ledger functionality, automated formulas, and the ability to add customizable columns for reference numbers, comments, etc.

I work in finance and accounting. I oversee the budgets of 20 accounts that range. We are currently having to use Microsoft excel sheets to balance and post to keep up with our accounts. Excel is great, however the downside is that every year we spend weeks setting up new spreadsheets with all the formatting and formulas for every single account. Even though we are copying and pasting, it still takes a ton of unnecessary time and there is a higher potential for error. Another issue we run into is if one employee is in an account working, the spreadsheet is locked. Also, if an employee is out and someone needs to access their spreadsheet, you cannot get into the spreadsheet to work unless it is on a shared drive and saved.

I think a software program that could give you a basic, way to track our client's accounts would be really helpful. It would need to be less complicated than quickbooks (we do not use quickbooks because it is way to complicated and overkill for what we need), but could give us the same thing we get with making a spreadsheet with formulas on excel. A ledgar similar to online banking with formulas that subtract or add, and the capability to add collums to add reference numbers, comments, ect. It also needs to save our work so that if someone else logged in and needed to work in that account they could see what has been done. before last year, we were allowed to use quickbooks or excel. Our supervisor decided to streamline everything so now it is required to use excel. We haven't looked into other options.