Communications And Technology Like Online Accounting Hold Keys To Successful Virtual Teams

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The right online accounting software is key to this finance team's success.

Look at the literature about successfully managing virtual teams and there are two important ingredients: communication and technology. While communication can be tricky, new software applications like online accounting mean the technology side of things is becoming increasingly straightforward.

Xero's web-based accounting system effectively recreates the experience of a shared office server using the internet. No matter where you are in the world, you simply log on to Xero using your web browser.

Online recruitment company BlueGlue switched to Xero's online accounting system when it became clear the company's MYOB system couldn't cope with the company's requirements. Says FD David Johnson, "I am not based in the office, but the bookkeeper for BlueGlue is, and that was starting to become a serious problem as we risked losing control of the accounts."

Xero's web-based accounting software was the only online accounting option he could find that met the needs of all members of the team.

"As an accountant myself I want to be able to get detail and export data to Excel to manipulate it how I want to. But at the same time I also want the system to be extremely easy to use for sending out invoices or reconciling bank statements. And I want my fellow directors to be able to access management information directly. Xero was the only online accounting software I found that got the difficult balance right."

Overall Johnson says the switch to online accounting with Xero has made BlueGlue more efficient and enabled the team to work more effectively together, despite being in different locations. One unexpected bonus is the extent to which the company's Managing Director has been impressed by Xero's dashboard and cash flow presentations.

"I don't now get asked for all the financial information - the MD just looks it up in Xero when he wants to know!"

Article Source: http://www.depositarticles.com

Xero's web-based accounting software is easy for business owners to use while still providing enough detail for accountants. By managing their accounts online, businesses create a single set of up-to-date accounts and business information accessible from any web browser. To learn more about moving to Xero web-based accounting software visit www.xero.com.

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