We’ll Source, Hire and help Manage them
for you so you don’t have to.
Lifetime support, dedicated account manager
by your side, every step of the way!
We’ll Source, Hire and help Manage them for you so you don’t have to.
Lifetime support, dedicated account manager by your side, every step of the way!
17 Years of
Virtual Staffing
Experience
Trusted by
3,368
SME’s
6,948
Virtual Staff
Hired
We’ll Source, Hire and help Manage them for you so you don’t have to. Lifetime support, dedicated account manager by your side, every step of the way!
17 Years of
Virtual Staffing
Experience
Trusted by
3,368
SME’s
6,948
Virtual Staff
Hired
Xero Accountants specialise in managing your financial records and transactions using Xero, a popular accounting software.
Xero Accountants bring expertise and efficiency to your financial management, helping you save time and reduce errors. With their help, you can gain a clearer financial picture of your business, enabling better decision-making.
Remote Staff’s pool of Xero Accountants can handle your accounting tasks efficiently, allowing you to focus on growing your business while ensuring financial accuracy.
[aslcandidates id=’2000013′ subcat_id=’2000175′]
Proper accounting is the bedrock of any successful business.
It allows businesses to assess their financial health, identify areas for improvement, and make informed decisions about investments, growth strategies, and overall operations.
But first, businesses have to hire skilled accountants and in an increasingly digital age, use the best accounting software out there, such as Xero.
Read on to know more.
Xero is a cloud-based accounting software that streamlines key accounting functions, such as:
Invoicing
Expense tracking
Bank reconciliations, and
Payroll processing
This makes it a popular choice for many Australian businesses of all sizes. Moreover, its user-friendly interface and intuitive design make it accessible to both accountants and business owners with limited accounting expertise.
Xero seamlessly integrates a wide range of third-party applications, enhancing efficiency and providing businesses with a holistic view of their financial performance. It also has the following features:
Cloud-Based Accessibility – As a cloud-based software, it can be accessed from anywhere with an internet connection.
This allows businesses and accountants to work remotely, collaborate seamlessly, and access financial data, anytime and anywhere.
Multi-Currency Support – Xero also supports multiple currencies, making it ideal for businesses that operate internationally.
Moreover, this feature simplifies foreign currency transactions, automates currency conversions, and provides accurate financial reporting in various currencies.
Automatic Bank Reconciliation – The software automates the process of matching bank transitions with accounting records, significantly reducing the time and effort required for manual reconciliation.
By automatically importing bank statements and categorising transactions, Xero provides businesses with a clear and up-to-date picture of their cash flow.
Many AU business owners and entrepreneurs use Xero for their accounting needs for the following reasons:
Local Compliance – Xero is fully compliant with Australian accounting standards and regulations.
More importantly, it incorporates the latest tax laws and updates, ensuring AU businesses remain compliant with the Australian Taxation Office (ATO) requirements and avoid costly penalties.
Robust Tax Features – It also offers a range of tax features specifically designed for the Australian market.
These include preparing and lodging Business Activity Statements (BAS), processing Pay As You Go (PAYG) withholdings, and managing Goods and Services Tax (GST).
Seamless Integration with ATO Requirements – Xero allows for direct data exchange with the ATO, simplifying tax lodgement, reducing the risk of errors, and saving businesses time and effort.
As its name suggests, a Xero Accountant is a professional who specialises in Xero accounting software. They possess in-depth knowledge of its features and functionalities, allowing them to:
Streamline accounting processes;
Improve financial accuracy; and
Provide valuable insights into the business’ financial health.
Here are some of the other ways they can help:
Certified Xero Accountants possess in-depth knowledge of Xero’s functionalities, allowing them to use and maximise its features for their clients.
Beyond basic bookkeeping, these professionals can analyse key performance indicators (KPIs), identify areas for improvement, and offer proactive advice on cash flow management, cost control, and growth strategies.
Moreover, they can automate tasks within Xero, such as invoicing, expense tracking, and bank reconciliations, giving business owners more time to focus on core operations and strategic growth initiatives.
A Xero accountant provides businesses with expert financial guidance. Here are their main tasks:
Data Entry and Reconciliation – They record all financial transactions such as invoices, expenses, and bank reconciliations within the Xero platform.
Invoicing and Accounts Receivable – Xero accountants also create and manage invoices, track received payments, and pursue outstanding debts.
Payroll Processing – They calculate and process employee salaries, including taxes and superannuation to ensure timely and accurate payments.
Financial Reporting – A Xero accountant also generates financial reports like profit and loss statements, balance sheets, and cash flow statements. This provides SMEs with valuable insights into their business’s financial health.
Most AU entrepreneurs and small business owners prefer accountants familiar with Xero because of its time- and money-saving automation. Let’s take a look:
Automated Processes – Xero’s platform automates many accounting tasks, freeing up valuable time for business owners and employees to focus on sales, marketing, and customer service.
Improved Cash Flow – By automating invoicing and payment reminders, businesses can get paid faster. This allows for better financial planning, reducing the risk of late payments or cash shortages.
Reduced Accounting Costs – Automating tasks and streamlining processes also reduce the need for manual data entry, minimising human errors. This translates to lower accounting costs and a more efficient use of resources.
Proactive Financial Insights – Xero’s real-time data and reporting capabilities also help SMEs identify areas for cost reduction, optimise price strategies, and identify new growth opportunities.
A lot of business owners hire accountants or bookkeepers to manage their financial documents. However, if you want to take your business to the next level, it’s worth investing in a certified Xero accountant.
Beyond basic bookkeeping, certified professionals possess in-depth knowledge of Xero’s functionalities and best practices, bringing you benefits such as:
Australia’s tax laws and financial regulations are complex and ever-changing. This makes it difficult for business owners to track requirements, especially while managing their organisations.
Fortunately, a certified Xero accountant stays abreast of the latest updates and changes, ensuring that businesses remain compliant with ATO regulations.
This helps businesses avoid costly penalties and audits, letting them focus on developing their products and services without worrying about tax or legal repercussions.
Xero accountants go beyond basic bookkeeping. They also analyse financial data, identify trends, and provide insights into areas like cost control, cash flow management, and profitability.
In addition, they help businesses develop and implement strategies for improving financial performance, such as:
Identifying areas for cost reduction;
Securing funding opportunities; and
Optimising pricing strategies.
This personalised guidance empowers small business owners to navigate economic challenges, make informed decisions, and achieve their financial goals more effectively.
Xero offers advanced features and functionalities. Thus, it’s important to hire accountants who can maximise its full potential.
This is where certified Xero Accountants come in. They can:
Leverage Xero’s automation features;
Integrate Xero into other business applications; and
Customise reports to provide the most relevant and actionable insights.
Ultimately, this leads to significant time and cost savings, allowing SMEs to focus on growing their business.
Choosing the right accountant is crucial for the success of any business. Here are some tips on how to do it:
Prioritise accountants with Xero Advisor Certification. This often demonstrates a deep understanding of Xero’s functionalities, including advanced features and best practices.
Moreover, certified advisors are recognised by Xero and often have access to exclusive resources and support.
In addition, look for accountants with experience in your industry. For instance, if you’re in the food industry, hire candidates with relevant experience working with AU restaurants, food businesses, and other relevant fields.
Their industry-specific knowledge allows them to provide more tailored advice and understand the unique financial challenges your businesses face. You can also consider their experience with businesses of similar size and complexity to yours.
Before hiring a candidate, it’s also important to research online reviews on Google My Business, LinkedIn, and other industry-specific directories.
Pay attention to both positive and negative reviews. Look for consistent themes in client feedback, such as professionalism, responsiveness, and the quality of service provided.
Some accountants also have existing client testimonials on their personal websites or LinkedIn profiles. These can provide valuable insights into their past experiences, the types of businesses they have served, and the outcomes they have achieved for their clients.
Furthermore, you may also look for accountants who have received industry awards or recognition for their services. This can indicate a high level of expertise and client satisfaction.
Some accountants charge hourly rates, while others offer fixed fees for specific services, such as:
Monthly bookkeeping;
BAS preparation; or
Year-end tax returns.
Meanwhile, other accountants offer subscription-based packages that include a range of services for a fixed monthly fee.
Understanding these different pricing models is crucial for making an informed decision on which accountant to hire.
Here are some considerations:
Hourly Rates – Hourly rates can be unpredictable, making it difficult to budget for accounting expenses.
However, this approach may work well for businesses with seasonal or occasional accounting needs, as it provides flexibility without the commitment of hiring full-time staff.
Fixed Fees – On the other hand, fixed fees provide more predictable costs and can offer value for businesses with consistent and predictable accounting needs.
When evaluating pricing, it’s also important to consider the services included, the level of expertise offered, and the potential return on investment.
A slightly higher fee may be justified if, for instance, it translates to significant cost savings, improved efficiency, and valuable financial insights that drive business growth.
AU businesses of different sizes use Xero for their accounting requirements. Let’s take a look at how these turned out:
Small Retail Store:
Small retail stores such as Liquor Loot use platforms like Xero to track their stock levels, monitor sales trends, and identify slow-moving items.
Moreover, Xero’s automation features significantly reduce the time spent on manual data entry and reconciliation. By using Xero with the help of their Xero Accountant, shops can reduce costs, increase profitability, and grow their bottom line.
Local Startup:
AU tech startup, Traffic Radius, also uses Xero to streamline its financial operations significantly. Xero helps startups track expenses, leverage tax deductions, and ensure timely tax filings.
With the help of a certified Xero Accountant, startups like Traffic Radius can maximise their cash flow and reinvest profits back into the business.
This strategic approach to tax management is invaluable for a rapidly growing startup, allowing them to sustainably fuel their expansion and achieve sustainable long-term success.
Medium-Sized Enterprise:
MEs like Bentleys tap Xero accountants to gain a real-time view of their financial health.
Xero’s cash flow forecasting tools, for instance, provide valuable insights into upcoming cash inflows and outflows, enabling the company to anticipate potential cash shortages and plan accordingly.
Moreover, Xero can provide data on customer behaviour, sales trends, and the profitability of different product lines.
This data-driven approach enables medium-sized enterprises like Bentleys to make informed decisions about marketing campaigns, pricing, and product development.
If you’re using another accounting software, transitioning to Xero can seem daunting. Fortunately, with careful planning and execution, the process can be made smooth and seamless.
The following will provide practical tips and best practices for a successful Xero implementation.
If you’re using another accounting software, transitioning to Xero can seem daunting. Fortunately, with careful planning and execution, the process can be made smooth and seamless.
The following will provide practical tips and best practices for a successful Xero implementation.
Here are some steps to ensure a smooth onboarding:
Before migrating, make sure that your existing financial data is accurate and up-to-date. This usually includes reconciling bank accounts, resolving any outstanding discrepancies, and ensuring all invoices and expenses are correctly recorded.
Next, choose a migration method. Xero offers various data import options, such as:
Manual entry;
CSV import; and
Third-party integrations.
Choose the method that best suits your specific needs and the complexity of your data.
After migration, thoroughly test the accuracy of your data within Xero. Verify invoices, review reports, and reconcile bank accounts to ensure that everything has been migrated correctly.
While a Xero accountant can help navigate the platform, it’s still ideal to conduct thorough staff training. This is for all members who will be using Xero, including those responsible for data entry, invoicing, and reporting.
You can ask help from your Xero accountant to create user guides and support materials, such as user manuals, FAQs, and quick reference guides after the initial training.
Lastly, conduct regular check-ins with your staff to address any issues or concerns that may arise during the transition.
Moreover, continuously monitor the performance of Xero within your business and identify areas for improvement.
Xero accountants can provide comprehensive training to staff, ensuring they also understand how to use Xero effectively in their daily tasks.
Moreover, Xero accountants can help address any challenges that may arise during the transition. As certified professionals, they are equipped to provide ongoing advice on optimising Xero’s use within the business.
Simply put, having a Xero accountant on the team can minimise disruptions, maximise efficiency, and ensure a successful and seamless transition to the Xero platform.
Transitioning to Xero accounting software can be beneficial. However, it can also present several challenges, such as:
Data Migration Issues – Inaccurate or incomplete data can lead to errors and inconsistencies. Hence, it’s advisable to thoroughly clean and reconcile existing financial data before migration.
Integration Challenges – Integrating Xero with other applications, such as CRM systems or e-commerce platforms, can be complex. Thus, you need an expert Xero accountant with experience integrating the software with other business applications.
Staff Resistance – Employees may resist change and be hesitant to learn new software. You can address this by answering their questions openly and highlighting the benefits of using Xero, such as improved efficiency and automation.
Here are some of the frequently asked questions about Xero accountants:
Australia-based accountants have an average salary of AUD 85,000 per year. This varies depending on several factors, such as:
Accountant’s experience;
Qualifications;
Complexity of your business; and
Scope of the services required.
Fortunately, small business owners have another option: they can outsource accounting. Instead of hiring locally, they partner with Remote Staff to hire certified Xero accountants from the Philippines.
Remote Staff offers AU business owners flexible payment options: hourly rates, fixed fees, or subscription packages. This helps them scale services as needed and cut overhead costs like rent, employee benefits, and onsite staffing expenses.
Yes! Many Xero accountants can handle both payroll and tax compliance. As such, they:
Calculate and process employee salaries;
Ensure compliance with relevant payroll tax regulations;
Provide guidance on employee entitlements;
Prepare and lodge Business Activity Statements (BAS); and
Assist with income tax planning and preparation of income tax returns.
Transitioning to Xero accounting software can be challenging, but it can be effectively addressed with proper planning and execution.
Moreover, with the help of a certified Xero accountant, these challenges can be minimised.
Combined, Xero’s user-friendly interface and the expertise of qualified professionals, businesses can successfully transition to Xero and unlock its numerous benefits.
Australian business owners are streamlining financial operations and improving their efficiency by hiring certified Xero accountants.
On top of bookkeeping, these professionals are valuable in assisting with tax compliance, providing sound insights into financial performance, and helping businesses make informed decisions.
More importantly, Xero accountants can offer peace of mind.
Nothing beats knowing that your financial records are accurate and up-to-date, allowing you to focus on more important matters that really move the needle, such as developing better products, innovating features, and increasing your bottom line.
Australian business owners are streamlining financial operations and improving their efficiency by hiring certified Xero accountants.
On top of bookkeeping, these professionals are valuable in assisting with tax compliance, providing sound insights into financial performance, and helping businesses make informed decisions.
More importantly, Xero accountants can offer peace of mind.
Nothing beats knowing that your financial records are accurate and up-to-date, allowing you to focus on more important matters that really move the needle, such as developing better products, innovating features, and increasing your bottom line.
