I keep getting letters from Revenue and CRO that I always have to chase my accountant about, how do I ensure that you won’t do this too?
All of your company deadlines go into our operating system (Senta), which means that we’ll be contacting you BEFORE things fall due and you receive letters! In fact, we may inform you of obligations you weren’t even aware of, or that were not in the original scope of the work we agreed upon.
We want to be able to forecast easily, when will that be likely to happen?
Our first job with any new client is to ‘clean up’ existing data. This may involve migrating data onto Xero from the current system, or tidying up data already in Xero. This usually takes between 1-2 months. Once we are confident in the accuracy of current data we’ll then begin to look at putting forecasts in place.
This of course, is a conversation we need to have a make sure that forecast in demand, prices and cost of sales are accurate and justifiable.
Can you review our legal contracts, terms and conditions and insurance provisions?
We work with a few legal partners that we can recommend in supporting your current and ongoing requirements. We will be happy to make introductions!
How does your pricing work?
We use GoProposal, not just a software tool but a whole pricing philosophy committed to delivering transparency at all times.
Take a look at our startup store to get a feel for the prices on services we offer.
I’m considering moving my accounting to First Accounts, what does signing up involve?
We only work with digital, eCommerce and SaaS businesses. Providing that’s you, the first step is to arrange a Discovery Call for us to learn a little bit more about each other and book a meeting to review your current finance function and discuss what working together would look like.
Find out more here.
If you work with lots of other startups, how do I know my ideas and business models are safe with you?
All of the financial data that we hold on our clients is strictly confidential. Whilst we will help you to learn from best practise within agencies and benchmark you against our client base, we will never share confidential information on individual clients. We are also strictly bound by Chartered Accountants Ireland’s confidentiality clauses, as well as GDPR policies.
I feel like I’ve outgrown my current accountant and I need a more mature finance function. How can I make that work?
In the early days, you make do with an accountancy firm who file the required returns, whilst someone else keeps the day to day books as best as they can before the accountant swoops in and tidies things up at year-end.
As your business scales, the finance function requirements become more complex and the risk of getting it wrong increases. First Accounts was formed to help startup businesses to have access to a mature finance function without the headaches of building and managing it in-house.
Can you help if I have fallen behind on my bookkeeping?
We understand that business owners are busy and that bookkeeping is often left to build up for months and even years. We have an affordable catch-up service to get you up to date if you have fallen behind.
Is there a minimum monthly contract?
We do a lot of transactional services which require no minimum spend (€0), but for relational clients who we represent financially, our minimum monthly fee is €250.