As a founder in the UK I was using Xero and a London based virtual-CFO about 8 years ago, and it was an absolute life saver not having to deal with the cruft.

As a founder in the UK I was using Xero and a London based virtual-CFO about 8 years ago, and it was an absolute life saver not having to deal with the cruft. The accountants did the books for most of the good startups in London at the time, so had a good range of experiences from funding to tax credits. Of course, they did this without raising $15M :) Interesting to see how this seems to be a "new" thing even now in the US market. [Disclosure: I am an ex-Xero employee]