Communities and SMBs on Cardano shouldn't have to pay hefty prices for accounting extracts. There is no standard and free community built tool for this, integrating with common accounting software.
This is the total amount allocated to 45B - Free Cardano Accounting Extracts Core.
We'll start an open-source community around a solution to export Cardano transactions in a format to be imported into standard bookkeeping software, facilitating your bookkeeping and asset management.
No dependencies
Project will be fully open source.
Apache 2.0, MIT License https://www.apache.org/licenses/LICENSE-2.0
Although transaction extracts are a need for virtually all organizations working or relating with crypto, extracts/accounting solutions and knowledge are fairly hard to find. Existing SaaS solutions are pricy, complicated although sometimes functionally incomplete, and even generating miscalculations at times. Also, accounting and legal partners are scarce globally and also pricy and/or not fully trained.
Pragmatik Extracts will be a Cardano-native solution for organizations to have clarity on all their on-chain transactions on Cardano, plus the ability to export them into their overall bookkeeping and management tools.
The project will evolve as a community built open-source tool that should be easily deployable without considerable infrastructure.
The project development and success with be a joint venture between Cardano organizations and legal and accounting bureaus. Facilitating the gathering, training and a feedback loop for discovering reliable legal/accounting partners.
Users will be able to add stakeKeys and or walletAddresses to be tracked. Pragmatik will gather all transactions and allow to curate content if necessary (remove/add redundant/missing transactions where necessary), classify/enrich movements with meta-data, and export them in the most needed formats (whether user-readable or bound for technical integration to other applications).
Output formats should evolve from a generic output standard into several application-specific formats (QuickBooks, Xero, Wave). The open-source nature of the solution guarantees that any relevant user group (e.g. a location with different needs) can leverage the solutions to develop and satisfy those needs.
This project will provide a free bookkeeping extract alternative to using expensive SaaS solutions.
The impact of this is that Small and Medium Businesses, DAOs and communities in general will have less barriers to using Cardano and including it in their activities as intensively as of value for them.
45B is composed of and has access to professionals with an extensive track record of delivering solutions in Finance, Banking and other lines of business. Also they are responsible in helping the promotion and socials of some players in the Cardano ecosystem.
Having deep understanding on how the Cardano blockchain records transactions, and how accounting software works, we will initially take on specifications for this solution. Next we’ll promote the creation of a community of developers who will contribute to implementing the solution, sponsored by bounties from this proposal.
Stage 1: Gathering a Pragmatik community - 2 months
Acceptance criteria
Stage 2: Inicial specifications - 2 months
Acceptance criteria
Stage 3: Community building Sprints - 5 months
Acceptance criteria
Stage 4: Community usage and feedback - 2 months
Acceptance criteria
Stage 5: Close out and knowledge sharing - 1 month
Acceptance criteria
Product/Project Manager; Technical specifications for Accounting
Pedro Lucas - https://www.linkedin.com/in/pedrohlucas/
Maestro Developer Experience, BizDez;
Pedro Lucas has over 20y experience in IT. Working as a Technical Business Analyst in Business Process Management and Decision support DataViz solutions in Finance and Banking. He has been in Crypto for 3y and 100% dedicated to Cardano communities and technology for almost 2y. Pedro has helped in Gimbalabs, amongst other communities, created and ran 'Cardano for non-techs' workshop sessions, and now collaborates with Maestro focusing on Developer Experience and Business Development.
Marketing and Community
Marcin Małaszuk - https://www.linkedin.com/in/marcinmalaszuk/
Growth Manager & Consultant for Your Software & Web3 Agency
My support brings the most value to 🚀 Web3 Agencies, 💻 Software Development Companies, and 📱 B2B Tech Startups.
I am the co-founder of two tech startups, a seasoned marketing manager, and a consultant specializing in the Software Industry.
Funds for development bounties
$50 x 40hrs x 7 modules = $14 000
Funds for technical leads
60$ x 7hrs x 7 modules = $3 185
Technical specifications and testing overview
$50 x 7hrs x 7 modules = $2 450
Promotion and community building/moderation
$45 x 2hrs/week x 52 weeks = $4 680
Consulting with bookkeeping professionals
$1500
Total $25 815 at $0.30/ADA = aprox 86 050 ADA
This solution will benefit countless organizations on Cardano. Virtually every DAO, Community or Small and Medium Business will save hundreds of dollars in monthly fees in SaaS solutions.
Approving this proposal will also be a very healthy exercise for the Cardano Open-source community and result in forming a new group of maintainers around this solution.
The services budget is according to or below standard rates for these professional services in Europe or the USA.