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Accounting & Bookkeeping

When you are running your business, you want to focus on building it up rather than spending your valuable time dealing with daily administration chores. At o’donnell+co chartered accountants we understand this and that is why we offer a full suite of business administration and bookkeeping services, tailored uniquely to meet your requirements. We do this for our Irish and overseas clients which cover some or all of the duties listed below:

  • Sales invoicing to your customers
  • Purchase ledger management for all transactions with your suppliers
  • Payroll Processing and year end reporting
  • VAT return completion & filing returns with Revenue
  • Payments services for suppliers
  • End of Month Reconciliations such as supplier statements, bank reconciliations
  • Dealing with day-to-day enquiries from customers and suppliers

We provide outsourced bookkeeping services to clients all across Ireland and Internationally. Please contact us for further information on our bookkeeping services. We will consult with you to understand your exact requirements and tailor our bookkeeping services to suit your needs.

More and more businesses are recognising the significant benefits associated with outsourcing their Finance/Accounting departments. Outsourced accounting is not just about money although it has been proven to dramatically cut administration costs. The real benefit of outsourced accounting is that it allows you to concentrate on your business while we take care of your day-to-day accounting requirements. Consequently, you can make better decisions and have greater flexibility with staffing. These benefits impact hugely on cost effectiveness and profitability.

We provide a full range of outsourced accounting and payroll services to our clients across Ireland, including local, national and international organisations. Whether you wish to outsource part or all of your finance function, we will devise the most appropriate service package based on your needs and seamlessly integrate it into your business. We provide all the support and resources of an internal accountancy team without the staff management issues and fixed overheads. As part of our remit we can either work on-site or remotely whichever suits you best.

In short, we remove many of the onerous accounting and administration tasks from your day leaving you to do what you do best – focus on your business with complete peace of mind.

You can choose what you need from the following:

If you have any queries, please contact us and we will be happy to answer your questions and give you a quote.

Accurate, timely management information is the lifeblood of a company, a vital ingredient in the strategic decision-making mix. Having up to date management accounts allows businesses to keep track of their financial performance, and serve as an essential platform for effective management and planning. This is where our team can make a difference: not only can we provide crucial information when you need it but we can also analyse that information and interpret the financials such as key performance measures, margins and working capital.

We can therefore provide you with the following:

These services are particularly useful for owner-managed businesses which lack the resources to generate reliable management information in-house. Such information can be of critical importance for proactive decision-making.

Our approach is based on improving your financial control and reducing your costs in the short-term whilst identifying strategies to put in place for the long-term. Our role is fully adaptable to your requirements – from supply and analysis of information to representing you or supporting you at meetings with banks, grant-aiding bodies and other stakeholders.

We produce monthly management accounts to "end of year accounts standard", thus enabling owners and managers to be fully cognisant of the business’ performance in real time.

While we are an accountancy firm based in Limerick, we provide services to businesses of all sizes, indigenous or international and based across Ireland. Contact us for more information.

Payroll is one of the areas of business that causes most headaches as it is time-consuming and expensive to operate. The natural solution is to outsource this function to a specialist payroll services team such as ours – being able to hand over the many tasks involved in payroll processing frees up your valuable time to concentrate on core, revenue-generating activities.

Our payroll services include the following:

  • Preparation of weekly, fortnightly and monthly payrolls, as required
  • Computation and verification of all additions, benefits-in-kind and deductions, Paye & PRSI
  • Provision of payslips by email to employees
  • Issuing payroll reports [gross to net, cost report] by email
  • Arrangement of electronic payments direct to employees
  • Preparation and online filing of all necessary returns such as P60s and P45s
  • Filing monthly P30s and the annual P35 return
  • Audit facilitation
  • Advice, support and expertise when you need it such as on redundancy matters

Following an initial consultation, our team will provide you with a payroll services package tailored to meet your individual requirements. We are dedicated to delivering a high quality service consistently and on time whilst maintaining the complete confidentiality of the information being processed.

Contact us to find out more about our customised payroll bureau services packages, designed to meet the needs of our clients all across Ireland, or overseas clients with Ireland-based employees.

For us, business assurance is more than just preparing your accounts for audit, ticking boxes and checking that you are fully compliant with regulations. Our assurance work can also be used to satisfy stakeholders that financial controls are in place to safeguard the future, and to reassure management that they are making decisions based on reliable information. We can provide financial accounting services such as:

  • Preparation of accounts to comply with statutory filing and taxation requirements
  • Secretarial services such as documentation for AGMs, filings at Companies Registration Office
  • Filing of Annual Tax Returns
  • Specific targeted investigations & financial reviews in accordance with your instructions
  • Internal risk management

As legislation governing company law becomes increasingly complex and time consuming, the onus is on directors to ensure that their statutory records are consistently updated and that they are compliant with the filing requirements of the Companies Registration Office. We offer two core services in this area – (i) we can hold office as your Company Secretary and (ii) we can advise and assist on the duties which need to be carried out in order to comply with company law. We offer a comprehensive range of secretarial services to our clients which include:

  • Acting as Registered Office
  • Preparing the company’s annual returns
  • Maintenance of Statutory Registers
  • Holding the Statutory Registers
  • Preparation of minutes of the Annual General Meeting
  • Completion of Elective Resolutions/Directors’ Resolutions
  • Completion and filing of all necessary accounts, forms and Annual Returns
  • Ad hoc secretarial services

To complete this package, we provide a full service in company formations, company/business name registrations, company dissolutions, company compliance services and company secretarial support services.

Contact us for more information