Community Accounting

Complementary Currencies

Virtual Currencies

Community Exchange

Time Banking

Credit Unions

Community Currencies

An all-embracing and flexible package which includes a mutual credit ledger, super-configurable transaction forms and displays, including several views and blocks. It can be used as a digital back-end for paper money projects, or to run an entire LETS, Timebank, or several in parallel. With a little tweaking, it can manage currencies conforming to a wide range of designs. Autopayments can be done with a little glue code.

Features

• Multiple currencies
• 1stparty, 3rdparty & mass payments
• Pending transactions (parties must 'sign')
• email notification
• customisable transaction forms
• pluggable global/personal min/max balance limits
• Complete views integration
• visualisation & stats
• API for other modules to create exchanges

Time Banks, LETS, barter

Community currency projects should find that this module works almost out of the box, but if you have no resources to commit to properly customising such a web site, you should think carefully about whether you have the resources to nurture a new economy. This is not a shop, a cart, or an ecommerce system, but a mutual credit system which tracks credit extended between users, though it will meet more business-like objectives in time, for example, there is an experimental ubercart payment method.
Contrast with userpoints in which points are awarded to users for their online activity.
Hours module is much simpler than mutual_credit.

Warning about Governance
Complementary currencies historically have a very high failure rate. Web tools are no substitute for proper governance and community buy-in. You should be seeking advice from experienced professionals if you don't want to let down people in your community, and the wider movement. Please check out Value for People's Community Currency starter pack.

Community Forge & other examples

Community Forge offers free sites designed for LETS, using this module. Timebanks USA is using it for Community Weaver II. Plus numerous other communities.

Coming in version 7.x-3.0

Separate transaction engine using new internal API
Fieldable transactions
Per-currency accounting rigour & privacy settings
Build-your-own transaction form
Pluggable balance limits
Exportable currencies and transaction forms
For more, read the blog.

Plus the following will come when they can be squeezed in or funded

• Mutual guarantor system
• Trade between instances using opentransact
• Tax/tithe and demurrage tools

Downloads