Yes, I understand where you are coming from. Where I was thinking it may be quite useful in regard to small businesses, sole traders etc is in conjunction with a cheap accountancy package. For example, in my case, I couldn’t afford an accounts package such as Sage, so I (eventually) made a “make do” one in Excel and added Diary etc as I am totally incapable of keeping a paper one. I always end up months behind with my accounts/diary and have to re-construct everything,downloading bank statements, finding all receipts etc. The thing is, although I am scrupulously honest, I’m sure I’m going to get “stung” by the Taxman at some point for whatever crappy regulation/rule I’m not following.
Now I recognise it will not solve all my problems, but at least I would be able to maybe upload my excel sheet once a month, so I can “prove” no changes have been made -at least one month to another. I believe an actual open source accounts package maybe tied to the Factom system might be useful. As I say, this may not solve my my main problem of not being arsed keeping proper records in a timely manner.
I’m just thinking well wtf, I don’t earn a great deal, largely by design, as my goal is to work less and spend more time doing interesting shit, than earning more. Once my bills are paid, I stop working basically, (so I have a bit of a backlog actually…lol). I also know that I’m honest, so that’s what I’ll just tell Taxman, bollocks to 'im I say.