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Outsourced Accounting

Are you considering outsourced accounting for your company? If you are constantly juggling your time between running the business and dealing with paperwork, then it is time to think about it. o’donnell+co, Chartered Accountants Limerick is a leading provider of outsourced accounting services with clients across Ireland and overseas

Our comprehensive range of business administration, accounting and bookkeeping services gives you access to a dedicated, specialised team that might otherwise be unaffordable.  Moreover, we offer flexible, bespoke accounting solutions based on your needs, whether you require full or partial outsourced accounting services.

We would have no hesitation in recommending o’donnell+co to any business looking for outsourced accounting… (General Manager, tourism sector, €3million+ turnover)…read full testimonial

Outsourcing accounts is an excellent solution which allows you to focus on business growth and development while we look after all the accounting data entry jobs that cost you time and money.  In other words, our team can become your company’s back-office.  Our tailored services include:

  • Bookkeeping
  • Management accounts (monthly/quarterly)
  • VAT
  • Payroll
  • Accounts receivable
  • Accounts payable
  • Statutory accounts
  • Corporation tax

 

More and more businesses are recognising the significant benefits associated with outsourcing accounting services. For example, although outsourced accounting is not just about money, it has been proven to dramatically cut administration costs.

As Yahoo Small Business demonstrates, one of the top reasons for outsourcing your accounts is time. Outsourced accounting allows you to reclaim the precious time needed to concentrate on your business while we take care of your day-to-day accounting requirements.  In addition, there are several other advantages such as:

  • Better decision-making
  • Greater cost effectiveness
  • Increased profitability
  • Greater flexibility with staffing

Accurate, timely management information is the lifeblood of a company.  Most importantly, it plays a key role in helping to uncover valuable insights into your business and is therefore a vital ingredient in the strategic decision-making mix.

o’donnell+co’s management accounting service allows our clients to keep track of their financial performance, serving as an essential platform for effective management and planning.  Moreover, our team makes the difference – not only do we crunch the numbers but we also provide analysis and interpret crucial information when you need it.  For example, our analysis typically covers all key financials from performance measures to margins and working capital.

As part of our remit we can provide management accounts (monthly/quarterly), financial forecasts and budgets, business plans and identification of appropriate key performance indicators.

Above all, management accounting is particularly useful for owner-managed businesses which often lack the resources to generate reliable management information in-house.  Consequently, such information is of critical importance for:

  • Proactive decision-making
  • Improved financial control
  • Cost reduction
  • Long-term strategizing

All without the staff management issues and fixed overheads of an internal accountancy team!

In short, 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 external stakeholders.

If you are looking for an outsourcing partner but are unsure where to start, contact us to arrange a free (no-obligation) consultation to find out how we can help you.