The New Age Accountant
The new age accountant. An emerging breed of accountants that don’t act, look or seem like the stereotype that you have pictured in your head. This new breed is the future. The ones that will help you grow and excel in the ever-changing world that we live in. Why? Because they are adaptable to change.
We have put together 9 features that will help you spot a new age accountant. Oh and in case you are wondering- here at Cone Accounting, we too are new age accountants!
1. Fixed Fee
Ok, so this is a big one. Many people have been stung by a pricey unexpected email or telephone conversation with their accountant. A new age accountant will not charge you for virtual query support. You will be aware of all costs upfront. Which leads me onto my next point...
2. Monthly costs- no scary lump sums
New age accountants do not believe in one lump sum at the end of the year. After all, this is not good for cash flow. Your fees will be broken down into 12 manageable bites!
3. Monthly Management Reporting
Instead of yearly. Because although it’s great to know how you have done, isn’t it also proactive to know how you are doing? This knowledge can help you make decisions that can aid your business to grow.
4. Doesn’t have to be local
Local or not, it is not a problem for the new age accountants. Most new age accountants use technology such as Xero, Skype and Calendarly to streamline the process and improve the experience for the client whether they are near or far.
5. 100% Cloud
But why cloud? With cloud accounting there is no software installation, it doesn’t crash and is accessible anywhere. That's right you could even be on a beach, enjoying an ice cream and see how your business is doing. There is no need to worry about backups or loss of files and every time you look at your accounts it is always the most up to date copy. It really is a paperless solution for all of your accountancy needs.
6. Free Training
When you become a client of a new age accountancy, they will want to help you grow. So you will usually receive free training in software such as Xero, Receipt Bank, Float and Futrli. They believe in by showing you how to utilise the software correctly; you will be able to see the big picture and as a result grow.
Of course, traditional payment methods do not fit into the ethos of the new age accountants. It is timely for both the client and the accountant. Most new age accountants will offer a means of payment that will only require action from you once, for example, a direct debit.
8. Experts with Integration
New age accountants will always look out for you. They will know how to improve and streamline your processes. This means they need to be heavily invested in technology. A new age accountant will be able to tell you what integrations will be most beneficial for you and your business.
9. Business Growth is the #1 Focus
Compliance is a standard responsibility for all accountants, and new age accountants are no exception. However, the real value of a new age accountant is the business growth advice. They pride themselves on helping their clients grow. New age accountants are ambitious, and this certainly reflects in their work.
About the author
Chloe Slade is the Marketing Manager here at Cone and focuses on creating content that brings business and lifestyle together. Chloe is keen makeup lover, foodie and loves to work from luxurous destinations.