Starter Kit. Idea 298 of 500. Cluster 15
Bookkeeping for small British and Australian firms, in their time zones: the software keeps the books, and a qualified accountant here checks them and answers the client's questions
The mechanism, from the book
The proof exists in Malabe. What is missing is a thousand small versions of it.
The first step
Write to small accounting practices in Britain and Australia offering to check and finish one client's monthly books, kept in the client's own software, at a trial price and in their working hours. Say who will review the figures, what qualification they hold, and how client data is kept secure. One trial client, and the practice's view after a month, is the proof and your first reference.
- Who pays first
- A small British or Australian accounting practice with more bookkeeping than staff, which pays per client per month for reliable work in its own hours.
- What leaves today
- Trained accountants leave to do this work abroad, when the checking and the client's questions could be answered from here, with the fee paid in.
Ask first
- Data Protection Authority. Ask what you must do to hold personal and financial data for clients abroad.
- Inland Revenue Department. Ask how fees from foreign accounting practices are taxed and invoiced.
Check before you spend
Which qualifications the practices abroad expect, how client data must be stored and protected, and whether their own regulator lets them send work overseas.
Find out these three numbers
- What does a practice abroad pay per client per month for bookkeeping?
- Which accounting software do small practices in Britain and Australia use?
- How many hours a month do one client's books take?
A comparison from the book
The four rules for all five hundred. Appendix
"Provide a good service, charge properly for it, and let the money follow."
Price the work at what it is worth to the firm abroad, and never apologise for the price.
The test
Does it keep value that now leaves the island, or build the proof that lets somebody else do so?
From the appendix of Why Not Sri Lanka? by Dr Maheshika Halbeisen. The idea and the mechanism are the book's; this kit was written for the site.