Since committing to a Roadmap in September, things have changed dramatically.
Everything that I thought would take until early 2018 has already been accomplished.
Here is my latest thinking.
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I think MyCorbu can become the Standard for bookkeeping for small architectural firms.
This won’t be as difficult as it may sound. The vast majority of small firm architects (less than 20 people) use a group of generic tools to try and do a job that they were not designed for - accounting for architects.
There is a lot of inefficiency in using several tools instead of one customized tool.
For a firm of less than 20 people to do their own accounting is an enormous waste of time. My firm did its own accounting with a single, architect-specific tool. We ranged in size from 5 to 12 people. Doing accounting yourself wastes a lot of time because - you have to learn accounting, you have to learn the accounting software, and you have to do all the fussy accounting chores that are required. This takes about 60 hours per month.
There isn’t anything less architecture-like than accounting. So you are not building a skill that will improve your architecture.
Your accountant can accomplish your accounting for you in a fraction of the time that it takes you to do it yourself. Specifically, 8 hours more than if you have done the accounting for them.
I think most firms need accounting services just once or twice a year - for their tax return and for financials for their lender.
So let’s say 16 hours of accounting at $125/hour - $2,000/year. Compare that to 60 hours per month at $15/hour - $10,800/year. (I bet your cost per hour is higher!)
My proposition is to do bookkeeping instead of accounting.
I think you can do bookkeeping for an architectural firm in 8 hours a month. Including invoicing. If I’m wrong, maybe the hours per month will go up to 12.
MyCorbu will eventually give you the tools to manage time, expenses, invoicing, project profit/loss reports, and an overall profit/loss report for your firm. And it will be as simple and easy as timekeeping is now.
In the next year here is what I think will be available, in likely order of release:
I hope to get started on invoicing by year end, but the current infrastructure that I am working with won’t support that kind of reporting yet.
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