Bookkeeping & Management Accounts

The economic downturn has highlighted more than ever the need for accurate, reliable accounts. Businesses need management information much earlier too, as banks put on pressure and as directors become more aware of the seriousness of their responsibilities.

Financial management services

Key features of our financial management and control services include:

• Management accounts at a frequency that suits you – for example monthly, quarterly
• Active planning and management of your cashflow
• Help to keep debtors and stock at realistic levels
• Cost management – whether there is a recession or upturn
• Compliance – e.g. VAT, PAYE, CRO
• Payroll – processing, payment, returns, staff queries
• Suppliers – processing, management of payments
• Debtors – processing, credit control management
• VAT – we deal with all returns and keep you up to date
• Advice on tax, audit, finance and HR from our RSM Farrell Grant Sparks colleagues

Benefits for our clients include:

• Up-to-date financial information
• Proactive advice on key financial issues
• Improved cashflow management
• Non-performing areas highlighted
• Regular communication with your experienced adviser
• Reduced cost of your accounting function
• No more headaches recruiting and managing accounting staff. Your bookkeeping can also be outsourced to us partially or completely

We provide services to a wide range of entities, from indigenous businesses to subsidiaries of multinational companies. We also have a strong service offering to hotels and the licensed trade.

Online benefits

Where required we use online accounting technology at no extra cost. This means you have instant access (from anywhere in the world) to your financial information, which will be up-to-date, reliable and securely stored.

The online system includes your own KPI dashboard (Key Performance Indicators), and eliminates the cost and hassle of accounting software, backups, upgrades, and moving information between you and your accountant.

The system has proved very popular with our clients in countries such as USA, Italy and Holland.

Management Accounts preparation

Many businesses do not have the time or expertise to produce accounts. We provide accounts preparation and support services which help your business to concentrate on developing its core activities.

We take the headaches out of accounts preparation, so you no longer have to worry about:

• Submitting timely accounts to relevant authorities
• Keeping up-to-date with changing accounting standards
• Being snowed under with paperwork and not having time to run and grow your business

We have a wide range of clients in Ireland and the UK, ranging from family businesses to public sector organisations and large international companies, which use these services. These include:

• Sole traders and partnerships - accounts also serve as a basis for income tax returns
• Not-for-profit organisations such as public sector and charities – the priority here is financial management, stewardship and strong corporate governance
• Companies – in addition to management accounts we can also prepare statutory annual accounts for shareholders that comply with both Irish/UK GAAP and International Financial Reporting Standards. We also prepare statutory financial statements for filing in the Companies Registration Office (Republic of Ireland) or Companies House (UK), assisting you to avail all relevant exemptions

Payroll and other support services

We provide a wide range of accounting support services to suit individual clients, including payroll, bookkeeping and other administrative services. We also provide advice about issues such as outsourcing and audit exemption.

Related services

• Check out our Audit & Assurance services
• Read about our Taxation services
• Learn about Forensic Accounting
• Find out about Business Start-ups & Tax
• Information about our Payroll services