Setting up a business is one of the most exciting things you’ll ever do, especially when it’s your first time. However the one thing that usually puts a dampener on all the fun of going it alone is the boring process of preparing and filing accounts. I’ve previously blogged about fantastic web based accounting software which makes the processes involved in generating invoices and recording payments outwards slightly more interesting. However, what if you don’t even want to do that? What if you just want to throw heaps of paper at someone once a month and say ‘do that’! Then you’ll need Mazuma Money.
I first heard about Mazuma Money last year when I was watching the series ‘The Last Millionaire’ on the BBC. One of the younger entrepreneurs on the show, Lucy Cohen, had set up a fantastic business which allowed business owners to completely offload their bookkeeping and accountancy functions for a small monthly fee.
One of the more interesting and fun parts of the service was the purple envelopes you receive, into which you stuff your invoices, receipts, and other boring stuff. You post this once a month to Mazuma, they do all the boring stuff like filing VAT returns, creating management accounts, and payroll, and that’s it! At the end of they year they even file your year end accounts – happy days!
Mazuma Money have packages starting from a mere £16 a month for sole traders, and £55 per month for Limited Companies, excluding VAT. The measure of any business is having plenty of testimonials from happy customers, and Mazuma have just that.
Hopefully something like this will arrive in Ireland soon – accounts really are a pain in the rear end!
{ 2 comments… read them below or add one }
Hi there! This just popped up on my Google alerts, imagine my surprise when it was about us! Thanks for the positive feedback; we see no reason why small businesses should pay extortionate fees and receive little or no customer service for their money, which was why we started Mazuma in the first place, glad that you like the concept!
We are steadily growing with 5 franchisees across the UK, although sadly, none in Ireland at the moment. Perhaps there are some feisty ambitious accountants reading this who could take Mazuma to Ireland for us?!
Excellent blog, keep up the good work!
Lucy
Hi Lucy,
Thanks for the comment. You’re right – there should be plenty of Irish people jumping at the chance to join your franchise. Hopefully some decent candidates will see this post and get in touch.
Cheers,
Hugh