On Fri, Oct 4, 2024, 15:13 Red S <redstre...@gmail.com> wrote: > A couple things to add: > > - the goal of reds-importers is to simplify and fully automate your > ingest. It is definitely not wedded to, not does it prefer the ofx format > or any other format in particular. Quite the opposite: it make it easy to > use any file format, and add your own. csv (and tsv, xls) is well supported > because of its ubiquity, as are xml, json, and pdf > - if you’ve used IBKR, they’re awesome in allowing complete > customizability over the reports, including the file format. Here is > an example > > <https://github.com/redstreet/beancount_reds_importers/blob/0cef611c0d601e1861e86b7533787e309ad0f0d9/beancount_reds_importers/importers/ibkr/__init__.py#L1> > Beancount importer for it. And to boot, they let you download it via a REST > API > > <https://github.com/redstreet/beancount_reds_importers/blob/0cef611c0d601e1861e86b7533787e309ad0f0d9/beancount_reds_importers/importers/ibkr/flexquery_download.py#L11>. > Well documented, and very straightforward to setup. I can only hope other > institutions follow suit > > Don't hold your breath
> > > > > On Thursday, October 3, 2024 at 4:32:09 PM UTC-7 Red S wrote: > > Anectodally speaking, here’re some banks that I know of that support it as > of today: > > - alliant > - ally > - becu > - capitalonebank > - chase > - citi (direct download supported) > - etrade (direct download supported) > - fidelity (direct download supported) > - morganstanley (direct download supported) > - target > - techcubank > - vanguard > > And again, anecdotally, here are the banks that removed support for it in > the last couple years: > > - amex > - discover > - schwab > > Ofx was introduced in 1997. In the tech world, that is old. It will > eventually go away. But nobody knows when the remaining institutions will > remove support for it. > > So how should one approach ofx when writing importers? Here’s my two cents: > > 1) For me, the interesting question is not “should I invest time into > setting up an ofx import” as much as it is “how can I setup my import > system for adaptability so swapping out a file format for another is easy?” > > - Consider also that the download method and the file format are only, > say, 20% of your import system with respect to setup effort and complexity > > 2) Consider your alternatives. Here’s an example of development times > (this is unscientific, and the relative times are more important than the > absolute numbers): > > - ofx: 5mins > - csv: 1-2 hours > - > > some_other_format (json, xml): 2-4+ hours > > In addition, Non-ofx formats unfortunately have a lot of > downsides > > <https://reds-rants.netlify.app/personal-finance/a-word-about-input-formats-use-ofx-when-you-can/> > . > > 3) Don’t confuse direct downloads with ofx. Some banks have pulled support > for direct downloads, but continue to support ofx if you download them > manually from their website. An example is Chase. > > Summary: setup ofx today when you can. There’s no downside to doing so > IMHO as it’s low effort. Focus on building a robust ingest system where > changing file formats is an easy, small part. > > And finally, what does the future hold? > > - Europe is ahead of the US/North America: finance.ec.europa.eu > > <https://finance.ec.europa.eu/digital-finance/framework-financial-data-access_en> > - The US is doing something about it as well. See federalregister.gov > > <https://www.federalregister.gov/documents/2023/10/31/2023-23576/required-rulemaking-on-personal-financial-data-rights>, > though so far, despite mentioning “consumer access” here and there. it > seems to be somewhat focused on “third party access.” > > > > On Saturday, September 28, 2024 at 2:40:41 PM UTC-7 chri...@gmail.com > wrote: > > I've been using beancount for about 2 years now, and in the last month > I've started looking more closely at the External Contributions > <https://docs.google.com/document/d/1Z37bQ45wDtjTPaMQ_x-f33p1trH9fNosEAUgbQXwp30/edit#heading=h.rs27hvxo0wyl>. > I decided to try reds-importers, and pretty quickly discovered a few things: > > 1. ofxhome.com is gone. > 2. ofx.chase.com doesn't work anymore ("Name or service not known") > 3. FDX is a new thing, and does not appear to be friendly to > open-source accounting tools like beancount. > > For those that have used OFX for a long time - is it slowly going away? > Are there alternatives that facilitate automatic downloads? > > -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to beancount+unsubscr...@googlegroups.com. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/e79be64d-a5b4-4320-91fd-18d7298cb1c8n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/e79be64d-a5b4-4320-91fd-18d7298cb1c8n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhNrz_A77NF1kEofB0g447d0rgF1HOjCarv-bQpY_0aJVg%40mail.gmail.com.
