Management Accounts
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalise on new opportunities. Our management accounting and reporting service aims to steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial systems setup, cost control and tax planning.
Our services include:
– General ledger and financial statement preparation
– Bookkeeping (monthly, quarterly, or annual)
– Accounting system setup and support
– Payroll processing (See Payroll & HR Services Section)
– Budgeting and forecasting
– Cash flow projections and sourcing of finance
We can tailor reports to your needs and issue periodic reports that can guide your business in making financial decisions, planning, and evaluating performance.
Audit Exempt Accounts
All limited companies in Ireland are obliged to prepare statutory financial statements whether they be audit exempt or not. With the increase in the audit exemption limits in recent times many Irish companies now fall into the category of being Audit Exempt.
Criteria for Audit Exemption:
– Turnover does not exceed €12,000,000; and
– The gross assets of the company < €6,000,000; and
– The average number of employees <50; and
– The company is not a parent or subsidiary undertaking.
In Ireland if a company’s annual return for the current year or the previous year was not filed on time, the company cannot avail of the audit exemption. In conjunction with our bookkeeping and management accounts services we offer statutory accounts preparation services.
System and Control Reviews
It is important for all organisations to know that their accounting systems are working effectively to minimise risks such as loss of assets and to ensure their financial statements do not contain any material errors. At Leonard Doyle & Associates we assign audit and assurance experts to carry out system and control reviews, and our report can then be used as a basis for further improvements. Our system and control reviews are particularly important for:
– Businesses based in multiple locations
– Where problems in financial reporting and internal controls have come to light
– Business undergoing re-organisations/ mergers, and
– Rapid growth organisations
Statutory Audit
At Leonard Doyle & Associates we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records.In addition to providing the business assurance required of a statutory audit we aim to identify and report on the strengths & weaknesses of our clients’ accounting systems and internal controls. Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions. We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, prospect, referral sources, and even your own staff – all of which greatly improves your business prospects for the future.
For further information please do not hesitate to contact us.