Accounts Production
Every business needs to prepare accounts. The frequency depends upon the requirements of the client.
We strongly recommend that reliable management accounts are drawn up monthly in order that you may ascertain how well your business is doing. This also affords the opportunity to compare your business' actual results with your strategic plan to ensure that everything is going to plan and enables you to take corrective action, if necessary, in a timely manner.
Other parties such as banks may insist that you prepare accounts on a monthly basis as a condition of any lending.
If monthly or quarterly management accounts are not considered necessary for your businesses, accounts will still have to be prepared on an annual basis for filing with various Government bodies, other authorities and by your bankers, if so requested.
In preparing annual accounts we ensure that they comply with the various accounting standards, disclosure requirements and Companies Acts provisions where necessary. In addition we will advise you on the resulting taxation consequences and the view the accounts present to third parties such as your bankers, potential investors, credit rating agencies and your competitors.
In addition, in view of our extensive experience we are able to advise you how your business is performing compared to other businesses in your sector and will be able to provide you with key ratios and comment on how these have changed over the years and how they compare with other similar businesses in your sector.
Annual accounts may be subject to a mandatory audit but for those businesses whose accounts are not subject to such an audit we offer, if requested, a tailored assurance service at a level less than that of a full audit but gives the shareholders the accounting assurance they require without the cost and disruption of a full audit.
For further details please contact us.
For details of our payroll and bookkeeping service please click here.