Back in 2016, I was part of a small team that hatched the idea to create a suite of cloud-based accounting software.
In the next 2.5 years, we set about developing 5 different products of which a fixed asset depreciation engine was only one.
After testing our products with our contacts in some large accounting firms in Brisbane (Australia), it became apparent only one product had significant market demand.
AssetAccountant.
We continued investing time and money into developing AssetAccountant and its fixed asset depreciation features into 2017 and 2018.
Then in late 2018, apparent disaster struck.
Colin McEown, a seasoned and successful Chief Technology Officer noticed what we were doing and considered joining us to go-to-market with AssetAccountant.
He reviewed our codebase and development methodology.
And gave us the bad news.
As it stood, AssetAccountant was simply not scalable to take on the accounting world.
And that he would join us only if we dumped our whole codebase and started over.
Ouch.
This was a bitter and expensive lesson, but in February of 2019, AssetAccountant Pty Ltd was formed with Colin assuming his still current roles of CEO and CTO.
This setback was hard at the time.
Very hard.
But it was the turning point AssetAccountant needed.
Since 2019, AssetAccountant has flourished worldwide.
My role at AssetAccountant:
I am the business’s Chief Operating Officer based in Colorado, USA overseeing our company’s exponential growth in North America.
I also act as our Chief Information Security Officer ensuring our systems and processes meet the expectations of our international subscribers and the strict requirements of our ISO27001 certification, which is audited by DNV annually.
