What may be GREAT NEWS for many in this group, may in fact be discomforting for others. We realize that, we respect that and we aren't going to sugar coat that.
The Good News for those it resonates with!
For those who have always wished for a simple but powerful alternative for Quickbooks, with customization capabilities, better trouble shooting for Balance Sheet imbalances and faster reconciliation options, we have treat for you with our free Bookkeeping Module that is cloud based too!
And that module is just the first of several we expect to roll out. It is the only fully free one we are planning on offering at this time, but if the revenue streams flow from "donations" and related offerings, the others may be free as well.
We have Sales Systems and Advanced Accounting modules that ooze function with Best Practices built in too.
Our first Sales System to roll out will likely be a Legal Billing Module.
Others we have in prototype mode include Retail Point of Sale, Medical Bill tracking and Invoicing, Work Comp billing, basic Invoicing, Metered Billing and more.
The lead developer of these systems has been working with web based database systems and accounting systems since 1995.
You are not getting a watered down cloud alternative.
He has switched all his own bookkeeping from his own web based bookkeeping system he first developed in 2002, and he has no intentions of ever going back to it.
It's a lot "sexier" than these offerings, but it pales in comparison when looked at functionally and holistically.
Truth be told, Spreadsheets, not Relational Databases, are the right tool for bookkeeping and basic accounting, and they always have been.
Until now, they were very limited due to the nature of desktop only spreadsheets and a lack of full use of the database capabilities of a spreadsheet.
It's the advent of cloud based spreadsheets combined with database style programming in these spreadsheets that makes this all so very fascinating and revolutionary actually.
For functional details related to our free Bookkeeping Module, see the Offerings > Bookkeeping Module page and the Technical > Bookkeeping Module > Features and Benefits page after completing the introduction and welcome process. We make it all transparent. You won't need to download and try out anything to get a very good feel for what we are offering.
CPA's, Bookkeepers, Auditors and the Bookkeeping Module
We recognize most DIYers and many professionals with lower ethics don't keep good books with regards to Balance Sheet imbalances and inventory adjustments. We know that many who use Balance Sheets create dump accounts for adjusting entries to obtain reconciled balances in Quickbooks because chasing errors there can be a costly nightmare if not an impossibility for some impostors.
Our Balance Sheet, once configured with a proper balance the first time, updates in real time and allows for very easy date stepping to find errors. This makes the dump accounts a thing of the past.
We also have added two additional data integrity tools which help with Income Statement and Balance Sheet integrity and trouble shooting. This is truly quite unique
We expect both professionals and advanced DIYers who didn't keep proper books to be able to do so now with our Bookkeeping module and that is an interesting game changer in and of itself.
We expect those have been doing things fine in Quickbooks to experience far faster, more transparent bookkeeping. We only offer a system for manual download and import of transactions. And we only offer that because it's in fact the fastest, easiest, most secure system for bookkeeping. You can manually enter transactions if you'd like. We may have a suggestion for a third party tool for downloading if you are interested, but it would still require a cut and paste. It might cut off 30-60 seconds from a simple process if you wanted to explore it.
Small Business Owners, Real Estate Investors, Financial Educators and the Bookkeeping Module
This is about greater simplicity, time savings, cost savings and and full transparency. Greater customization and simplification of all aspects of your Bookkeeping process.
The other news just because it needs to be mentioned...
We fully realize that many of you are very married to Intuit. Some of you have spent dozens or even hundreds of hours over decades to get over the Intuit Learning Curves. Most have spent 1000's keeping up with them, if you've been with them long enough. Many of you will not be able to imagine that in under an hour or two, we can offer a comparable or better solution for most basic and advanced needs with no ongoing costs, greater transparency and customization.
We also realize some of you have profited grandly form the complexity and confusion of Intuit's product offerings. Their market place monopoly has made many a man very wealthy with very healthy margins for many of you. We are currently seeing very aggressive consultants, CPA's, personal coaches and bookkeepers who seem to feel that $250-350/hour is a good wage for doing accounting work and educating others. And we find that be way out of line given the downward pressure on many other professionals and industries these days. Ultimately we expect this product and these educational tools to put downward pressure on a lot of bookkeeping and accounting related coaching and services. It's just a by-product of education and evolution and it's now heading this way.
There are a lot of younger folks with college degrees in accounting and technology who are under-employed with massive carnivorous debts in a more expensive economy that none of us had to cope with. We expect some of them to see this as their opportunity to enter into entrepreneurship with lower pricing than current purveyors and we will be encouraging and supporting their efforts as well as all who are interested in learning about these new offerings. We hope that you all will embrace these tools. We hope that you will see areas in which some of you can expand your services with google platform related accounting modules. We hope many of you might see an easier path towards part time CFO positions in small companies who need more than just an expensive bookkeeper or accountant.