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+++ b/index.mdwn
@@ -2,50 +2,39 @@ NPO Accounting Software Project
 ====================
 
 [Software Freedom Conservancy](https://sfconservancy.org/) is leading an
-[effort to create accounting software for non-profit organizations](https://sfconservancy.org/campaign/).
+[effort to create accounting software for non-profit organizations](https://sfconservancy.org/npoacct/).
 
-Conservancy welcomes the help of anyone who is interested in this issue to
-design and develop this software.  If you want to get involved right now,
-look below for [[information about how to get involved with this project|index#howtohelp]].
-
-## Phase 0
-
-Conservancy has done the following:
-
-- [Writing a tutorial on a Ledger-CLI setup for fiscal sponsor 501(c)3 organizations](https://gitorious.org/ledger/npo-ledger-cli/).
-- [[Finding and evaluating existing Free Software accounting systems|ExistingProjects]].
-- [[Writing use cases for non-profit accounting|UseCases]].
-
-## Phase 1
-
-Phase 1 calls for the project to:
-
-- [Create an REST API for basic double-entry accounting, currently using Ledger-CLI as a backend](http://npoacct.sfconservancy.org/accounting-api/)
-- Add functionality to that API that already exists in the [documented Ledger-CLI setup for NPO's](https://gitorious.org/ledger/npo-ledger-cli/).
-- Create various reports using that API, to flush out improvements that are needed.
-
-Learning more about this project
-========================
+Current Status
+==============
 
-You can learn more about what we done so far on this project by:
-
-- Reading this Wiki!
-- Reading the [mailing list archives for this project](http://lists.sfconservancy.org/pipermail/npo-accounting/).
-- Reading the [the IRC logs of the #npoacct channel](/irclogs/).
+We're currently planning a Reimbursement and Payment Request system.  We
+believe this is a relatively standalone component that other organizations
+could start using quickly.  Check out the
+[[requirements document|Reimbursemenets/Requirements]] and let us know if
+you think anything's missing.  Software development will begin soon.
 
 <a id="howtohelp"></a>
-Helping and Collaborating on this Project
+Contributing to the Project
 ========================
-You can help us and/or collaborate with us on this project by:
+Conservancy welcomes the help of anyone who is interested in this issue to
+design and develop this software.  You can help us by:
 
   * Editing this Wiki!
-  * Submit patches and merge requests to [accounting API repository](http://npoacct.sfconservancy.org/accounting-api/).
-  * Submit patches and merge requests to [npo-accounting Ledger CLI tutorial](https://gitorious.org/ledger/npo-ledger-cli/).
   * Joining the discussion on [the mailing list for this project](https://lists.sfconservancy.org/mailman/listinfo/npo-accounting)
   * Joining the discussion on
-    [the IRC channel, #npoacct on irc.freenode.net](irc:irc.freenode.net/npoacct).
+    [the IRC channel, #npoacct on irc.freenode.net](irc:irc.freenode.net/npoacct) ([logs](/irclogs/)).
+  * Submit patches and merge requests to [npo-accounting Ledger CLI tutorial](https://gitorious.org/ledger/npo-ledger-cli/).
   * [Donating money to fund this effort!](https://sfconservancy.org/campaign/)
-  
+
+Work So Far
+===========
+
+Conservancy has done the following:
+
+- [Writing a tutorial on a Ledger-CLI setup for fiscal sponsor 501(c)3 organizations](https://gitorious.org/ledger/npo-ledger-cli/).
+- [[Finding and evaluating existing Free Software accounting systems|ExistingProjects]].
+- [[Writing use cases for non-profit accounting|UseCases]].
+
 ----
 
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