{"channel":"cities","content":"what does the << LLM-powered accounting system >> look like?\r\n\r\n# you email it your expenses\r\n# it categorizes them\r\n# it << balances your checkbook >>\r\n# it texts you with questions\r\n\r\n----\r\n\r\nthere are obvious << extensions >>:\r\n\r\n# A product that gives budgeting advice.\r\n# A product that gives financial advice.\r\n# A tax product.\r\n\r\n<xantham> one of the problems is that humans, predictably, dislike sound advice.  they prefer the advice that says they can continue doing the problematic thing, and the inevitable consequences will disappear by magic.\r\n\r\n----\r\n\r\nthe \"data archiving\" is a solved problem.\r\n\r\nall you need is:\r\n> a database\r\n> a blobstore for the original artifacts (receipts, emails, monthly snapshots of the bank account)\r\n> a machine-readable summary of the artifacts\r\n\r\n----\r\n\r\nas far as << asset management >>: you cannot reasonably avoid it. (<red> do you keep petty-cash in a USD-denominated account?  Gold?  SPY? (<acronym> S&P 500 Exchange-Traded Fund) )\r\n\r\nas far as << asset custody >>: this is not a current plan.\r\n\r\n----\r\n\r\nthe various \"views\" will surely include a << monthly spend >> view, as well as a << recent transactions >> view.","created_at":"2025-05-05T18:27:54.854914","id":467,"llm_annotations":{},"parent_id":466,"processed_content":"<p>what does the <span class=\"literal-text\">LLM-powered accounting system</span> look like?\r</p>\n<ul>\n<li class=\"number-list\"> you email it your expenses\r</li>\n<li class=\"number-list\"> it categorizes them\r</li>\n<li class=\"number-list\"> it <span class=\"literal-text\">balances your checkbook</span>\r</li>\n<li class=\"number-list\"> it texts you with questions\r</li>\n</ul> <hr class=\"section-break\" /> <p>there are obvious <span class=\"literal-text\">extensions</span>:\r</p>\n<ul>\n<li class=\"number-list\"> A product that gives budgeting advice.\r</li>\n<li class=\"number-list\"> A product that gives financial advice.\r</li>\n<li class=\"number-list\"> A tax product.\r</li>\n</ul>\n<p><span class=\"colorblock color-xantham\">\n    <span class=\"sigil\">\ud83d\udd25</span>\n    <span class=\"colortext-content\"> one of the problems is that humans, predictably, dislike sound advice.  they prefer the advice that says they can continue doing the problematic thing, and the inevitable consequences will disappear by magic.\r</span>\n  </span></p> <hr class=\"section-break\" /> <p>the \"data archiving\" is a solved problem.\r</p>\n<p>all you need is:\r</p>\n<ul>\n<li class=\"arrow-list\"> a database\r</li>\n<li class=\"arrow-list\"> a blobstore for the original artifacts (receipts, emails, monthly snapshots of the bank account)\r</li>\n<li class=\"arrow-list\"> a machine-readable summary of the artifacts\r</li>\n</ul> <hr class=\"section-break\" /> <p>as far as <span class=\"literal-text\">asset management</span>: you cannot reasonably avoid it. <span class=\"colorblock color-red\">\n    <span class=\"sigil\">\ud83d\udca1</span>\n    <span class=\"colortext-content\">( do you keep petty-cash in a USD-denominated account?  Gold?  SPY? <span class=\"colorblock color-green\">\n    <span class=\"sigil\">\u2699\ufe0f</span>\n    <span class=\"colortext-content\">( S&amp;P 500 Exchange-Traded Fund)</span>\n  </span> )</span>\n  </span>\r</p>\n<p>as far as <span class=\"literal-text\">asset custody</span>: this is not a current plan.\r</p> <hr class=\"section-break\" /> <p>the various \"views\" will surely include a <span class=\"literal-text\">monthly spend</span> view, as well as a <span class=\"literal-text\">recent transactions</span> view.</p>","quotes":[],"subject":"lidgerwood, part 2: account-a-rama"}