With more and more accountants realising that they need to offer Xero online accounting software to their clients, what should you be looking for when choosing your Xero friendly Accountant?

If you are migrating to Xero from another accounting package or completely new to Xero, then a modern accountant is what you need. With real time data available in Xero, you need an accountant who will monitor and check your data in the cloud. If your current accountant just produces your year end accounts, then you are not fully utilising the software or benefiting from the enormous power at your fingertips.

You need an accountant with an intimate knowledge of Xero and one you can contact day or night, should you have a question. The service shouldn’t stop there, your Xero accountant should also call you to discuss your Xero data. A Xero accountant should be checking your data as least every month to correct mistakes, look for tax planning opportunities and business growth strategies.

The year end process of completing your accounts for HMRC and Companies House adds no value to your business, unless it is followed up with a meeting with your accountant to discuss the past, present and future. Unfortunately, the fiscal year has finished and many of the potential opportunities will no longer be available – this is typical of the traditional accountancy service. However, modern accountants will have constant contact throughout the year, so when you approach your year end you will be fully informed and will have taken full advantage of tax planning opportunities.

When looking for a Xero accountant, think carefully what you want. Do you want a proactive or reactive accountant?

Nimbus Accounting is at the forefront of a changing industry, we believe that your accountant should be in constant contact, with monthly conversations about your business and tax planning opportunities. The days of seeing your accountant once a year can be a thing of the past, get in touch with Nimbus Accounting today to find out how we can help.