With this online accounting system, because both of us can see the same information on screen at the same time at different locations, we can help you:
- Input your sales invoices, purchase invoices and bank transactions
- Prepare your own vat reports - including eu vat
- Make your own vat returns - including eu vat
- Print, email and post sales invoices and customer statements
- At a glance find out:
We will support you with the above items for as long as it takes for you to feel comfortable doing them yourself.
So, essentially what we do is:
- Provide the online accounting software
- Provide online training in its use and continuous support
- Constantly review your work and update it throughout the year
- Provide relevant and timely reports e.g. a Profit and Loss Account
- Provide online business advice and online accounting advice on an ongoing basis
- Prepare payroll returns, if required
- Prepare vat returns, if required
- Prepare relevant contract tax returns, if required
- Prepare year end financial accounts, annual income tax returns, corporation tax returns and company returns
Most businesses fail, surprisingly enough, not because of lack of profit, which is important in the longer term but because of lack of cash - they simply run out of money. It's called overtrading. It is essential to keep both eyes on the ball, in this regard, at every stage of development but particularly at start-up stage. Using our online accounting software won't stop it happening but it will inform you when it is happening so that, hopefully, you can take corrective action on time.
Input your sales, purchases and bank transactions
You, the user, create and record sales invoices, and record purchase invoices and bank transactions using our online accounting software service. You can input this information on any computer that has an internet connection and it's 100% secure and confidential.
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Make your own vat returns - including eu vat
After inputting sales, purchases and bank account our online accounting software will compile information for your vat returns, including eu vat. We can check this information on our own screen, if required, and send vat returns ourselves on your behalf or go through the process with you to allow you to do it yourself. We can also supply the required yearly report of your vat annual trade details (vat atd) including eu acquisitions, if any.
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Print, email and post sales invoices and customer statements
When you record a sales entry this can be:
- printed as a sales invoice or customer statement and posted, or emailed to your customer
- used to show how much your customers owe you
- used to prepare your vat returns (on cash receipts or invoice written basis)
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How much vat you owe or are owed
Our online accounting system enables you, on an ongoing basis, to have an exact figure showing how much vat you owe or how much vat is owed to you by Revenue. This is shown on the overview page every time you enter the system.
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How much you owe to your suppliers
At a glance you will be able to see the total of what you owe to suppliers, then you can see what's owed to individual suppliers and a break down of this.
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How much your customers owe you
The same applies to your customers. If you do give credit, then it is essential that you get your sales invoices and customer statements out on time and keep track of who owes you money and when it's due. This online accounting system allows you to do just that with very little effort. It also provides a few useful aids to help you collect your money
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How much is in your bank account(s)
What you have in your bank account can also be seen at a glance and your bank records can be matched to, and reconciled with, your bank account.
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Provide the online accounting software
We have partnered with Kashflow to provide a simple, easy to use, online accounting program which was initially developed for small business startups. While it still retains its simplicity to operate and uses ordinary language instead of the usual accountancy - speak there is a whole lot of activity going on beneath the surface and it is now, in fact, a fully fledged online accounting program.
Kashflow has won awards for the last three years in the web based accounting software category, including first for its small business accounting software.
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Provide training in its use and continuous support
This is an intuitive piece of business software and we are confident that very little training will be required in its use. It was developed especially for new startup businesses. There are a few lines of text to help you at the start. We will give you support through help indexes, email 24/7 and phone, and you can call to us or us to you.
For this package to work you need, at least, to be able to input your sales, purchases and bank transactions. So we'll give you all the assistance you need for this. After that, if you wish, we will show you how to make your vat, payroll and/or C45 tax returns or do them on your behalf.
If you are already bookkeeping you'll be able to put your own stamp on the accounts such as renaming / creating nominals to suit. You'll be pleasantly surprised at how easy this is to operate and how many features there are to make your work more efficient and many users would say, believe it or not, even enjoyable.
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Constantly review your work and update it throughout the year
Because this is an online package, without either of us travelling, we can review how you're getting on with inputting the records and update them continuously to reporting standard as we would have done traditionally at year end.
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Provide relevant and timely reports e.g. a Profit and Loss Account
Some reports, e.g. money owed to you (debtors), can be seen at a glance on the software's overview page but since we update our work continuously we can produce more reports which focus on other areas of your business which are important for its survival and growth.
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Provide advice on an ongoing basis
Nobody knows your business better than you so it would be presumptuous to say we could advise you how to run it. However, based on many years experience in business - in the real world - and as many in practice, we can advise you on what information you need to make good business decisions and with this online accounting software we can produce that information in a relevant and timely manner.
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Prepare payroll returns, if required
If you have employees we will show you how to make returns for PAYE, PRSI and levies or do these for you ourselves. (Note: payroll is not supported by this software but we will provide training on-site using whatever method is suitable, if required).
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Prepare vat returns, if required
This online accounting software supports preparation of vat returns, including eu vat returns and, if required, we will show you how to do this or do it for you ourselves.
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Prepare Relevant Contract Tax (C45) returns, if required
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Prepare final year end returns (tax and companies)
Where applicable, we will prepare your yearly financial statements, along with income tax returns, corporation tax returns and capital gains tax returns. If you operate as a limited company we will make the necessary Companies Office returns.
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- No commitment
- No credit card details needed
- Walk away whenever you wish.
For further information contact us at:
- info@account4taxonline.com
- 041 9821838 or
- 086 2695776
