I used to think that really: bookkeeping is easy. You enter an amount on the left, an equal amount on the right and if the amounts at the bottom of the line are the same, everything is okay. This thought remained until I started working with an Business accounts package. Different booking rules had to be created per event. And for some reason, accounting packages are ready to support any multinational, but it is far too complex for an average self-employed person.
With the introduction of the computer, the unfortunate choice was made for Business accounts to maintain this old-fashioned 'double bookkeeping method'. This while it no longer has a value for the check, because if you book something wrong on the left, the computer automatically books it wrong on the right. The bottom line is therefore always correct and errors can no longer be traced.
But why has the accounting method not been adjusted? Does it have to be done by the tax authorities or does the Chamber of Commerce prescribe it? The answer was a surprise to me: No. The literal legal text is:
In understandable Dutch: it doesn't matter much how you keep the administration up, as long as you do it and as long as you pay tax. It should be noted that this applies to companies with fewer than 50 employees or a turnover below 8.8 million per year. This therefore applies to more than 85% of all Dutch companies.
With this knowledge, I, together with 3 other entrepreneurs, started researching whether Business accounts could be easier. Started with a blank screen and then looked step by step how independent entrepreneurs do or would like to do their accounting in practice. What terms do these entrepreneurs use? In what order do they work? How do entrepreneurs think?
With these experiences we have designed a new Business accounts method: It is simpler, faster and above all it provides more insight into the actual situation of your company. And all that in an understandable language. Anyone can do it. Simply because it works the way you expect it to work. Because Jortt does not want to be able to support multinationals. Because Jortt uses today's techniques. Because we believe that bookkeeping should yield something for the entrepreneur, not for the accountant.