Coworking and Accounting with Distributed Team
The working scenario as a whole has changed. It is no longer restricting at a particular common place. Co-working and Distributed Team are the new buzz that change the typical, decades’ old; work environment.
Freelancing has grown exponentially over the period of years and these freelancing communities have lead to the creation and adoption of new concepts.
First of all, lets take a look at these concepts:
Co-working is a style of work that involves a shared workplace, often an office, and independent activity. In addition, those co-working are usually not employed by the same organization like a typical office.
Once the theme of freelancers and startups, co-working is now creeping into the corporate environment. It is making businesses re-assess their ways of working.
Co-working spaces are shared work-spaces where you can hire a desk or an office on a daily, weekly or monthly basis. There is absence of any restrictive and expensive rental agreement. Instead you just show up whenever you need to, and work surrounded by fellow flexible workers.
- Co-working serves ideal for Low-Cost Startups.
- Facilities Are All-Inclusive in the co-working environments.
- Co-working helps attaining Collaboration and Synergy
- Gaining New Business and Valuable Contacts
A distributed team is a team which is not confined to the restrictions of a traditional office environment. A distributed team can be dispersed geographically over a wide area, both, domestically or internationally.
A company having a distributed team or workforce enable its employees with the access to all the company’s resources and software such as application, data, and e-mail which makes them equipped with the ability to work from anywhere and at any given time.
- A distributed workforce provides flexibility.
- A distributed workforce is scalable.
- A global perspective comes with a distributed work-space.
Using Co-working and Distributed Teams for Accounting:
Furthermore, accounting is the function of summarizing all the financial data and compiling it into business reports such as Balance Sheet and Profit/Loss Account. Accounting software, then, simplifies accounting making the work of accountants and business owners, easier. Cloud-based accounting software is changing the entire accounting space.
Cloud-based accounting software gives you flexibility and all time access which benefits your business.
What if we use co-working spaces and distributed teams for accounting? The simple answer to this is, it will be effective to use both for accounting purpose. For instance, a Mumbai-based accounting firm, wants to reduce the cost of accounting and maintaining departments without letting the quality of work to fall. At times like these, one can use the co-working space and also can appoint distributed teams to do the job. Co-working spaces can reduce the cost of renting or owning a work-space. While distributed teams help bringing in the expertise across the globe at a reasonable cost.
In conclusion, a combination of co-working and the distributed team can boost the working of any department. Flexibility and cost-effectiveness make them especially relevant for any startup or company that looks forward to affordable access to experts.
Also, though co-working spaces are more popular with freelancers, one can always hire them for any project or work.
- Posted on May 18, 2018
- By Leena Bhagchandani
- 0 Comments