A good bookkeeping function is essential to any business or organisation. It provides the basis for all financial information needed to run your business efficiently and profitably. In addition, Irish company law places obligations on company directors to maintain proper books and records for their company. For many reasons therefore, quality bookkeeping is crucial for business success.

Unfortunately, many small and medium sized businesses can find themselves struggling to find the necessary expertise for an effective bookkeeping function at an affordable price.

Problems that new clients have approached us over in the past include:

• A build up of record keeping problems that has resulted in their bookkeeping staff being too inexperienced to rectify. All too regularly this can result in financial accountants and auditors being required to spend unnecessary time at the end of financial year attempting to rectify the problems. This is always expensive for the client and can often even lead to a qualified audit report.
• Their financial recording systems are too simplistic and do not enable them to easily extract the type of financial information that would be useful to running and evaluating their business.
• They do not have enough transactions to justify employing a full time qualified bookkeeper.
• An inability to find a competent affordable bookkeeper.

Accounting Concepts provide a range of bookkeeping solutions. Typically these can be summarised into the three main categories below, but our clients are free to pick and choose which particular services they require, thus tailoring a bookkeeping service to match their exact needs.

• Support for existing bookkeeping staff

Accounting Concepts are available to provide one-off support or training to your bookkeeping staff or to visit at regular intervals of your choosing to offer advice, support or oversight depending on your requirements at the time. We are also available to provide temporary cover during periods of staff sickness or busy periods for your business.

• Outsourced basic bookkeeping

Accounting Concepts can take over responsibility for the recording of your financial information and offer bank reconciliations, VAT reports and VAT return filing, payroll, maintenance of debtor and creditor ledgers.

• Complete back office accounting function

As well as the recording of your financial information as outlined above, Accounting Concepts can offer a complete outsourced administration function, where we provide all of the services of an in-house accounts department. We offer invoicing, management of supplier payments, periodic cash flow and management account reports, project accounting and advice on job costing.

Using Accounting Concepts for your bookkeeping needs means you have a qualified accountant reviewing your business performance on a regular basis. This means you are informed of problems, or of course opportunities, on a timely basis thus allowing your business to respond and stay on top. Why wait until the end of the year to have your financial accountant or auditor prepare or review your figures when it is usually too late to act upon any information they may then subsequently provide?

In addition, we offer our bookkeeping clients a discount on our fees for the preparation of end of year statutory accounts and associated tax returns.