A web-based accounting system presents the true financial picture and helps you make the right staffing decisions.

Faced with the credit crunch and the prospect of a bumpy 2009, a freeze on hiring might seem like a good idea. But is it? Now could be an ideal time to snap up talent seeking a secure job, to adapt current roles or even outsource certain tasks. If you're using a web-based accounting system, you'll have the financial overview you need to make smart decisions for your business.

Xero is an online accounting package that's been developed specially to enable small businesses and their advisors to have a complete, up-to-date overview of their business' financial performance 24/7. It's as simple to use as a computer game, but with enough sophistication to deliver end of year financials.

The web-based accounting system makes it easy to understand how your small business is performing and critically, which parts of your business are making money and which are not. So while it might seem like a risky time to be taking on new staff, parts of your business may actually be performing well and warrant extra investment.

The other advantage of making the move to Xero online accounting in the current climate is that Xero not only improves the quality of financial information you're getting, but it also makes the process of actually doing the accounts easier and faster.

The web-based accounting system has lots of automated features like easy bank reconciliation from your online statements. This enables you to dramatically cut down on administration time, freeing up you and your staff up to take on other responsibilities.

And of course because Xero is online, you or whoever needs to can access the system from anywhere. The data is securely stored by Xero and everyone accesses the same set of completely up-to-date figures. Having part of your finance team working remotely suddenly becomes a very workable option.

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