How coronavirus will reshape accountancy

Accountants and bookkeepers have been on the front line supporting small businesses through a turbulent year.

Like many of us, they have also been under a lot of pressure. As the compliance and advisory needs of clients change, emails and documents have been surging, and they’ve had to adapt to new ways of working. It hasn’t been easy, exposing many weak spots in processes for practices.

The virus has forced many practices to speed up their digital transformation and as a result, they are discovering the benefits of working in the cloud. The ability to work remotely in real-time, with a flexible subscription and secure data storage, has proven to be game-changing.

Anna Curzon, chief product officer at Xero, examines the technology and trends reshaping accountancy during the pandemic.

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