Xero Reinvents Accounting For Small Businesses, With Superb UI Design
22.05.12
It gets harder still when you are trying to move information between different accounting systems, whether that’s from one software package to another, or from a box of receipts to a ledger. "Accountants used to hate the work that they did," says Fierlinger. "A lot of it was just pushing data around." In effect, we’ve been paying accountants to do data entry, rather than accounting. "The problem there is that things get lost in translation and you’re always playing catch-up."
Xero’s web-based approach allows everyone to look at the same numbers. This changes the relationship with your accountant from someone who drops in at the end of the year to someone who is part of your team. "Virtual CFO is a term some people are using," says Fierlinger. This change has enabled a shift in business models for accountants too. Instead of fee structures that revolve around an annual rush to get everything reconciled, Fierlinger says, there are Xero-based accounting firms that have changed their models to SaaS-style monthly subscriptions.
Source: Co.Design