Small business financial software startup inDinero has added budgeting features to its Web-based service.
“One of the more popular requests we've had is for budgeting,’ wrote Jessica Mah, the company’s 20-year-old founder and CEO, on the company’s Web site. “Our teams have been working on it night and day, and now it's ready! Yay!”
Mah and chief technology officer Andy Su built the core software in 2009 and received venture capital founding from YCombinator to launch the Mountain View, Calif.-based company last July.
They recently added rules, labels and now budgeting feature to the software. By clicking on the Budgets tab, inDinero initializes a budget, with the starting amounts based on averages from previous transactions.
The cloud computing software then generates several rows for each specific category being tracked, and another row for "everything else." Users can edit or delete the rows (except for the “everything else” row), or add new ones, to track their spending each month.
At the bottom of the budgets page, users can view their overall spending, as well as how much of their total budget is currently being used by each category. By clicking on previous months, they can bring up little markers to tell them how much they have spent during the month, compared to their current budget. They can also see a yearly view.
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