Accountancy Services & Audit Preparation

Monthly Management Accounts

Companies are obliged by law to keep proper, organised, complete and timely records to support their accounts. The processing of relevant documentation can provide robust information that companies can rely on to evaluate their business performance and to make informed decisions. We can provide routine accounting record processing service either on-site or online. We can review your current bookkeeping methodologies and systems design and we will recommend improvements to

• Simplify and automate processes
• Reduces costs and improve competitiveness
• Enhances timely production of key management information.

Annual Accounts

Our services include complete and interactive

• Accounts Payable management / Creditors Control
• Accounts Receivable management / Debtors Control
• Bank Reconciliations / Cash Control
• General Ledger Management / Expenses and Sales analysis
• Production of P&L, Balance Sheet and Cashflow Statements

Statutory Audit Preparation

Audits add value. An independent opinion can provide fresh ideas.
Depending on the size of the company audits can be mandatory. Small companies may choose to avail of an audit exemption assuming they satisfy certain conditions. Irrespective of whether a company is able to avail of an audit exemption it is required by law that they

• Prepare a full set of statutory financial statements
• Present statutory financial statement before the AGM of the company and
• Submit the accounts to the Companies Registration Office alongside their Annual Return

Assuming a company cannot avail of the audit exemption they are required by company law to appoint an Auditor who will audit their accounts each year. Such companies are obliged to submit their audited accounts along with their annual return to the CRO (Companies Registration Office).
To be exempt from audit a company must satisfy conditions in respect of the current financial year and the preceding financial year (unless the company's first financial year):

• The company is a company to which the Companies (Amendment) Act 1986 applies (a company limited by guarantee may not avail of the exemption)
• Annual turnover does not exceed €7.3m during its financial year
• Balance sheet total of the company is less than €3.65m at the end of its financial year
• Average number of employees does not exceed 50 for the year
• Company is up to date with filing accounts in the Companies Office
• The company is not part of a group of companies

Whether your company is required to have an audit or to have accounts prepared under the audit exemption rule we can assist with the preparation of either of those accounts ensuring a smooth year end process. In circumstances where an audit is required we can prepare files for an auditor to review.
We are happy to recommend reputable auditors who can provided a value added service to your entity.