Bookkeeping isn’t often thought of as a fun activity for business owners. But that’s why companies like Bookly aim to cover those tasks so business owners can focus on what they do best.
Bookly started because of the frustrations of one small business owner, and has grown into a service that helps many more. Read about the company in this week’s Small Business Spotlight.
What Bookly Does
Provides bookkeeping, tax consultation and payroll for small business owners.
Bookly CEO Zach Olson told Small Business Trends, “We are a cloud-based SAAS (software as a service company) that is revolutionizing business accounting through our innovative high touch tech solutions.”
Business Niche
Providing software solutions as well as personal service.
Olson says, “It’s this combination of cloud-based tech and human touch (trained accountants) that makes our product unique.”
How the Business Got Started
To provide a better bookkeeping system.
Olson was a skate shop owner before starting Bookly. So he knew first hand how difficult, slow, and time consuming bookkeeping could be for a small business owner. He set out to change that by integrating cloud-based technology.
Bookly’s Biggest Win
Successfully making it through tax season.
Olson says, “Knowing we were able to help out hundreds of business owners and keep our sanity? Always a win!”
Biggest Risk
Relocating its headquarters.
Olson explains, “Bookly decided to move its HQ from St. George to Salt Lake City, UT. The talent pool was much larger, and since then–the business has tripled in size of both employees and clients. Moving HQ paid off in a big way.”
How They’d Spend an Extra $100,000
Marketing.
Team Tradition
Riding bicycles.
Olson explains, “We have two bright orange and blue office bicycles with our logos on them. Whenever we need a breathe of fresh air we just hop on the bikes and ride one of the many killer trails near our HQ. A lot of fun and a little business happens on those rides.”
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Find out more about the Small Biz Spotlight program.
Images: Bookly, Inside: CEO Zach Olson
Aira Bongco
This is great in the sense that you don’t need to have server ready for your data. The downside is that there can be some security breaches but if they can guarantee it, then there will be no problem at all.
Annie Pilon
That’s definitely something you have to think about it no matter what kind of solution you’re trying to use.
Austin Miller
I work for the company and I know that they use the same type of protocols a bank does (256 bit encryption) and they also don’t have access to your bank accounts–meaning they get reports of your transactions so they can categorize them, but they can’t change or alter anything with your bank account.