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Cloud Accounting Features
Our Product History
Costbucket began with Clayton and Adrian, two finance and accounting professionals with an idea that small businesses would benefit significantly if they had access to people like us providing them with the management information they needed to manage their business. Problem is, these businesses were too small to afford us, so we needed an automated solution. We manage to put together a small team of coders who believed in the dream of helping businesses and two years later, with many headaches and sleepless nights we completed the first draft of the cloud accounting software. We then went back to the businesses we were in discussion with to find out their resistance to change and the lack of importance they placed on having a reporting system that required their effort to maintain in any meaningful way, so back to the drawing board for us. We had to find a way to get businesses engaged while supporting their normal activities. We brainstormed our experiences with small businesses and notice that they placed more value on products that supported their sales process and from our own experience of trying to open a restaurant and receiving quotations for $11k – $15k, we thought there must be a better way. Further research showed that most small business owners were spending hours each day and week struggling with maintaining their finances due to lack of a fully integrated point of sale solution. This created our ha ha moment and we reviewed with a few restaurants and they agreed that if we had it, they would use it. Years later, with many failed versions, we were able to provide our cloud based POS. The cloud POS was short lived when it failed the stress test in a live environment so we redesigned as an Android POS with real time updates to the cloud accounting software. Throughout the years, we did many things right and so many wrongs but we grew as a team, learnt to build the company, and did everything to ensure that our customers had a good working relationship with us. With offices in London, NY and the Caribbean, Costbucket is positioned to support businesses in our respective regions. We aim to be the enabler of small businesses and hope that we are able to support their growth through working less and achieving more.
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