Bookkeeping
Bookkeeping can be a pain. It takes up a lot of your time and resources. Your time and resources are better spent growing your business.
We can do all your bookkeeping. It works very easily -we gather data and collaborate with your organisation using a leading cloud portal. Its secure interface allows us to share and collaborate on files with you. We will gather bills and expense claim data with mobile phone apps or email addresses. We will use a cloud-based OCR system which extracts the key information, removing the need for manual data entry.
Tax Compliance
As a business owner you worry. You need to ensure your business is compliant with the law. There are many laws to be aware of – namely tax laws and company laws. Fines and penalties can run into the thousands. It can also lead to reputational damage, or worse, sink your business altogether.
At First Accounts we will install robust systems and processes into your business. This will ensure you and your business are always compliant with the law. Our Compliance Team has a wealth of expertise. We also only use the best technology available.
We offer the following compliance services:
- Corporation Tax filings
- VAT/VIES Returns
- Annual Returns & Accounts filing
- Payroll compliance
- Company Secretarial
Management Accounting
Management Accounting helps you make better financial decisions. It’s difficult and expensive to do your own management accounts.
At First Accounts we can do your management accounts for you. This involves analysing your accounting records. We then produce a set of Key Performance Indicators (“KPIs”) for your business. These KPIs help you make the best decisions.
We also use web-based accounting software. This means you can access vital information no matter where you are, or what time it is. Management Accounts can be prepared on a weekly, monthly or quarterly basis to suit your needs.
Why do I need bookkeeping and accounting services?
Improve your cash flow
Easily chase people who owe you money at the click of a button. See how much money is in your bank in real time.
Work from anywhere
Send expenses and receipts, process payroll for your staff and view real time reporting from anywhere in the world.
Get more insight into revenue and profit
With your books up-to-date, you can see what drives your revenue and profit, and take action to make it even better with real-time information.
Never miss another tax deadline
Keep up-to-date with your responsibilities as a company director, and make sure you’re paying your taxes correctly and on-time.
Frequently Asked Questions
How much bookkeeping do I need?
This depends on the number of transactions in your bank account, and how many bills, expenses and sales invoices that are needed each month to help you decide the amount of bookkeeping support you need.
Why does my business need bookkeeping?
There are many reasons, but there are two vital ones:
- Out of necessity: you simply cannot report your income and calculate taxes owed correctly if your books are out-of-date. Either you are paying too much tax, or worse, you’re under-declaring taxes and exposing yourself to heft fines, and a tarnished reputation.
- It’s better for business: If you want to have a better chance of success and an accurate view of your business finances, profitability and cash flow, then you need your accounts to be up to date each month.
Can I get accounting if I’m not a bookkeeping client?
Sorry, our bookkeeping service is only available to accounting clients. If you’re looking for help and support with bookkeeping, we have a helpful YouTube channel with handy tips on how to start a company in Ireland, setup and use Xero cloud accounting, and how to make the best use of all the grants and investment schemes available.
Is bookkeeping difficult?
It certainly can be, but it really depends on your ‘setup’!
At First Accounts, we use Xero, Hubdoc and Brightpay as the core elements of our bookkeeping function. By using these tools, we make it extremely simple to keep on top of record-keeping.
If you migrate to our system, it should not take more than a few hours a month to keep your account up to date. Your client managers can give you tips on how to make things easier with tools like automated bank feeds, and our OCR expenses app. If you have more complicated accounts, or you simply need to free up more time, then our bookkeeping service could be ideal.
Who will handle my bookkeeping?
One of our experienced, qualified bookkeepers will take care of your bookkeeping needs. They are quick, efficient and know everything about our system setup so you can be sure everything is taken care of.
How quickly and how often will my bookkeeping be done?
As often or as quick as you want, but we will need to charge more.
Typically though, once you send us all the documents we need – such as receipts and your company’s banking information (on a CSV file or direct bank feed) – we will ensure your bookkeeping is completed within 20 working days of receiving all the information we need. If you don’t have a CSV file or bank feed, you can send us copies of your company’s bank or credit card statements, but the service will cost more due to the additional time involved in processing these.
What Clients Say about First Accounts
Kataryna Aleshnikova
6 September, 2021
Thank you!
I’m a small business owner and I’ve been working with First Accounts for a year now. I’m very happy about the service I’m getting; it’s very personalised and professional. I recommended them to several friends as well. Thank you!
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Phil Teare
28 July, 2021
Awesome Experience
We’ve had an awesome experience with FirstAccounts. Organised, professional, and just great people to deal with. Things are done fast, and you can chat and plan times and dates and everything happens just as discussed. Highly recommended by all of us here at SquareFish 🙂
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Very professional and good price
Very professional and good price been using first accounts for more than a year now and they are always very fast to respond and accommodating