The pandemic brought some unexpected benefits, one of which was the realisation of the virtual accountant benefits, showing us that we don’t need to be in the same neighbourhood as our accountant to work effectively together.

Thanks to the internet, cloud-based accounting software like Xero, email, and online conferencing tools such as Zoom, we can now serve clients all over Australia—and even globally!

We understand that meeting with your accountant might not be at the top of your “Fun Things To Do” list but imagine doing it while wearing your comfiest slippers and avoiding traffic. Sounds better, right?

Why We Love Xero at Profit First Accounting

At Profit First Accounting, we love Xero! And we’re not alone—Xero is used in over 180 countries by more than 4.16 million subscribers. It integrates with over 1,000 third-party apps and is perfect for small to medium businesses to manage their transactions, accounts, and cash flow. Xero offers real-time reporting, is user-friendly, and can even identify entry errors, ensuring your books are always accurate. You can log into Xero from anywhere in the world, and you can authorise your accountant to access your Xero account, enabling seamless collaboration no matter where you are. Need help setting up Xero or a clean-up? We’re here to assist.

Did you know you no longer need to keep hard copies of receipts for tax time or expense claims? With modern software solutions, you can simply scan and save receipts, making them easily accessible for reconciliation and safe in the event of an audit. Farewell, shoebox of receipts!

Having a local perspective can be helpful, but we pride ourselves on our industry knowledge. In Australia, tax laws are consistent nationwide, so whether we’re assisting a builder in Hobart or a swimwear designer in Darwin, we are always up-to-date on compliance and ready to help you achieve your goals. We believe in building strong partnerships with our clients—when you win, we win. We want to celebrate your successes with you.

The Benefits of Virtual Accountant Meetings

Face-to-face interactions are still important, and that’s where virtual meetings come in, highlighting the virtual accountant benefits. We don’t need to meet in an office or at a local café to discuss your goals—we can do it online. We value your time and understand how rare it is. So whether you’re on your break at work or waiting at your kid’s soccer practice, we’re happy to fit into your schedule.

Embracing the Profit First Methodology

We’re not your typical accounting firm. We believe in the Profit First methodology, which can benefit any business in any industry. To learn more about Profit First and its advantages, read more here. As a certified Mastery level Profit First professional, I love coaching clients and seeing the benefits of this proven system reduce stress in their business and personal lives.

Comprehensive BAS and Tax Support

We also provide BAS and tax support, taking the stress out of compliance tasks and ensuring timely submissions. Whether you are a small or large business, we have the skills and expertise to handle your compliance needs effectively.

Bookkeeping and CFO Services

Our bookkeeping and CFO services ensure your numbers are always up to date, enabling you to make sound business decisions based on your financial position.

Partner with Us for Your Accounting Needs

In short, wherever you are, we would love to help you with your accounting needs and business goals. Simply book a call with us, and let’s see your business thrive.