Kiwi accountant zaps e-commerce
- 12 November, 2000 22:00
Semi-retired Hamilton accountant Ken Chandler has an e-commerce solution for small businesses. It's called KJ Zap and it's the product of 40 years of doing the books for small traders.
"I believe it will make the write-up work of accountants obsolete," says 72-year-old Chandler of his program.
Its claim to fame is that it takes data out of online banking systems such as those operated by ASB Bank and the National Bank.
"The significance of this is that anyone in business no longer has to spend hours either writing up cash books or punching in figures," Chandler says. "All they need to do is to code their payments and receipts. They download their transactions at the end of the month on to a program such as the KJ Zap system and hit the process button.
"In as little as two minutes they have an updated budget, a GST return and in another minute a month's profit statement."
Consultant Rob Clarke, who reviews accounting software for PC World magazine, is familiar with an earlier version of Chandler's package. Clarke says it's a simple cash book package suitable for small businesses. He hasn't seen Chandler's latest release, with its online banking capability, but says it sounds a potential time-saver.
"Assuming it works, that would be a benefit," Clarke says.
Hamilton solid plasterer Lyn Ashton, who has five employees, uses Chandler's cash book, saving a significant amount of time each week preparing wages. It also speeds his tax calculations, Ashton says, but he hasn't yet ventured into online banking.
"I haven't got on to that yet. I want Ken to come and fill me in."
Chandler has no doubt that day is near.
"The time will come when all small businesses download statements over the internet," he says. He's been trying to interest the banks in his package, but so far none have bitten.