Page 109

TUES JULY 30

8:30 Summary of Yesterday's thoughts

(1) Many people will have no reason to own a computer except for Pers Acct, and therefore won't use it except for twice a month, which makes use very difficult to remember. And the cost will always be at least $1K, and currently is $2K without printer.

WAIT A FEW YEARS FOR CHEAPER UNITS

(2) Because financial planner is needed to set up accounts and structure of finances (Maybe doc'n will be enough training), he is involved. For a small monthly fee he or an assistant can enter transactions, reconcile against bank + card statements, and run reports. The customer simply writes transactions in a register, along with distribution accounts. Most customers will be lawyers, doctors, dentists, marketers, sales people, NOT accountants, and they won't want to fuss with data entry and reconciling. In the future, it won't be any harder to enter into a laptop than to write on paper.

The transactions are easy to communication, so modularize that activity. It's all the customer must do. But have to dev budgeting then? casual