Swiss Lessons in Canadian Accounting

 

Grüezi!

I am Christian Thut from Switzerland.  This is the story of how our product, SwissBooks, came about and how we processed over $2 billion in accounting transactions since 2006 with no contacts, no network, no role models.

 

What follows are my most important lessons from 12 years of developing one of Canada's most efficient accounting solution.  With efficiency being defined as value created/time spent creating value.  The one most important rule is consistently and intensely focusing on difficult hard-to-replicate skills that deliver value to people – day in day out.

 

Merci vielmal (Swiss German for Thank-you) for taking the time to read this.



I was never destined to become "the accountant".  I started programming BASIC with a Commodore VIC20 when I was 11 years old.

 

I spent my time using the tools at my disposal – analytical math to try to solve problems: I developed mathematical optimization algorithms precisely correct volumes and rates of administration for intravenous medications.  

 

I began my career at the Swiss global company, Roche and then I worked for the Reformed Church Uster in Switzerland. Reuniting with the Protestant work ethic and virtues was a refresher on my Swiss upbringing which emphasized discipline and responsibility.  When you have nothing, you must trade time for money while you develop useful skills.

 

At the age of 26, I had the lead accounting role at a $100 million company in Edmonton. It was here where I realized what a single person with the right skills is capable of. In the evenings and weekends, I  pursued my sideline accounting business.  

 

I incorporated the firm in Canada’s largest hydrocarbon processing region in 2006, on the premise that Alberta’s mass affluent would be best served by Swiss innovation and exclusivity free of the inefficiencies inherent to other firms.

 

My vision was to have the best accounting solution in Canada. I determined that the only way to reach this goal was to commit myself entirely to one activity: saving money for 3 sectors: e-commerce, casual dining and high-end services companies.  Only a truly focused approach can enable an accounting solution to offer, believably and legitimately, a responsible, first-class service and a relationship of the same impeccable quality.

 

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