The reason I founded Kilobanan Company was to assist entrepreneurs like myself in swiftly launching their businesses, eliminating operational hurdles, and enabling them to concentrate on business growth. Despite reaching out to approximately 30 companies and individuals, I struggled to find an entity that aligned with my requirements and expectations.
I sought a company that:
Instead, I encountered either complete silence or delayed responses ranging from 3 to 5 days, accompanied by vague, generic answers to my queries and a propensity to charge excessively for each service.
Moreover, my frustration mounted as the absence of a dependable accounting partner impeded my operations and hindered future financial planning. This became the catalyst for change.
After months of searching, I finally connected with an exceptional local professional with years of experience in the industry who not only helped me resolve my personal case but also shared frustrations about the current state of affairs in Accounting industry and suggested numerous improvements we could leverage to our advantage.
Building on this insight, my partner and I embarked on establishing a modern accounting service. Our goal was clear: to provide exceptional, contemporary services that our clients deserve, focusing on the intricate intersection of accounting and technology.
Our journey began with the implementation of a modern communication platform. This platform aggregates all customer messages from various sources such as Telegram, WhatsApp, and email, enabling us to efficiently distribute and manage communication flows among our accountants. As a result, our average response time has plummeted to under 10 minutes. It doesn’t stand even close to our competitors, who takes days or even weeks to respond.
Next, we conducted trials with several accounting software programs and selected one with robust integration capabilities. This allows seamless integration with third-party platforms, including major marketplaces like Amazon, Shopify, WIX, and ETSY. Anticipating the scalability of our clients' operations over these marketplaces, we are poised to grow our accounting operations in tandem.
To ensure regulatory compliance, we established a direct communication channel with the Ordem dos Contabilistas. This enables us to submit our clients' requests directly to the regulatory body responsible for issuing regulations, eliminating ambiguity in interpretation and providing clear answers and recommendations to our clients.
Utilizing this channel, we have addressed gaps in tax regulations that have challenged our competitors. For instance, we have developed a comprehensive understanding of how to properly tax cryptocurrencies. Now, our clients can operate legitimate businesses using crypto, accept crypto payments, and establish crypto income as a valid source of revenue for expenses and citizenship applications.
These initiatives have yielded remarkable results. What began as a team of two has swiftly grown to a team of six in just four months, and our operations continue to expand.
In order to support this expansion, we’ve implemented another platform, which allows us to build accounting calendar tailored personally to our customer unique situation completely automatically. It guarantees that we’re always up to date and never miss any deadline, and yet we can support personal situation of every our client.
Our customers really appreciated this personalized touch and with your invaluable feedback, we are confident that we are on the right trajectory. We are deeply grateful for your support and plan to introduce even more innovative services in the near future, empowering modern entrepreneurs to thrive and expand your businesses in Portugal.
Max
Founder of Kilobanan:
financial accounting advisory service.
.svg){kind=logo}
.png)
