November 17, 2009

VIRTUAL TIME+EXPENSE SELECTED AS ‘AWESOME QUICKBOOKS ADD-ON’

Award Honors Superior Ease-of-Use, Design and Integration

Virtual Time+Expense has been honored by The Sleeter Group as one of its 2010 “Awesome Add-ons for QuickBooks.” The award recognizes Virtual Time+Expense as one of the most productive and effective technologies that enhance the world’s most popular business management software. Virtual Software’s online platform simplifies the preparation, approval and accounting for timesheets and expense reports.

As the largest network of QuickBooks consultants, The Sleeter Group has members throughout the United States, Canada and Europe. The awards were formally announced at the Next Generation Accounting Solutions Conference in Orlando, Florida, an annual event that showcases businesses management tools and technologies to consultants and accounting professionals who serve business clients.

“Virtual Time+Expense is ‘awesome’ because it fills a niche that many QuickBooks users need,” said Doug Sleeter, the founder of The Sleeter Group. “As the most widely-used small business accounting software, there is an incredible demand from users for the software to do just about everything.” Add-on products are essential to many small and mid-sized businesses, providing them with the specific tools and functions they need.

Of the hundreds of technologies that are designed to enhance QuickBooks, Virtual Time+Expense was one of only nine selected as an Awesome Add-on for 2010. “Its superior integration with QuickBooks, overall design, outstanding features and conformance with appropriate accounting standards make it an effective solution for many businesses.”

“Our web-based timesheet and expense reporting tools are helping companies raise employee productivity to new heights,” said Chris Farrell, Vice President of Sales and Marketing of Virtual Software. “Being recognized as an Awesome Add-on by The Sleeter Group is an important distinction that that highlights our commitment to QuickBooks users.”

“Before awarding the ‘awesome’ label, The Sleeter Group’s staff considers several factors that consultants and business owners need answers to,” Sleeter added. Products selected for the honor must meet the following criteria:

• Show superior design, implementation and features.

• Integrate with QuickBooks using best practices of the QuickBooks SDK programming guidelines;

• Use appropriate transaction types and field population for recording data into QuickBooks so as to preserve and/or enhance the standard reporting features in QuickBooks; and

• Conform to good accounting principles and operating standards.

About The Sleeter Group

The Sleeter Group is s a nationwide community of technology experts who provide consulting services to small and mid-sized business owners. Since 1993, it has trained more than 30,000 business and accounting professionals through seminars and conferences. The group also publishes QuickBooks reference materials and textbooks used by more than 100 colleges in the United States. More information: Sleeter.com.

The Sleeter Group Contact:

David Horwitz

888-484-5484

david_horwitz@sleeter.com