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Businesses require Financial Accounts for a variety of reasons.

Companies have a mandatory requirement to prepare annual Financial Accounts and file same in the Companies Registration Office. These Financial Accounts must comply with current company legislation and must be prepared in line with formats and disclosures as set out in the Companies Acts. Company Directors are obliged to prepare and file Financial Statements on an annual basis.

Companies

Companies have a mandatory requirement to prepare annual Financial Accounts and file same in the Companies Registration Office. These Financial Accounts must comply with current company legislation and must be prepared in line with formats and disclosures as set out in the Companies Acts. Company Directors are obliged to prepare and file Financial Statements on an annual basis.

Sole Traders & Partnerships

Other businesses require Financial Accounts to be prepared in order to ascertain their profit or loss for a financial year so that an income tax return can be prepared. These include, Sole Traders and Partnerships in businesses such as retailers, doctors, lawyers, engineers, architects and tradesmen.

Trades / Professions & Industries

We prepare Financial Accounts for traders in a variety of businesses over a wide range of industries including retail, wholesale, legal, medical, pharmaceutical and construction.

Monthly / Quarterly Management Accounts

We also prepare Financial Accountants for businesses on a monthly and quarter yearly basis. This assists the business to monitor its trading results which may be profitable or loss making. It also enables a business to evaluate changes in expected results and make decisions at an early stage on foot of such changes.

Benefits to the Business Owner

A business can gain valuable information about its trading results for the period and its financial position at the period end from Financial Accounts. Business entities require a minimum of annual accounts for stewardship and taxation compliance. Accounts are also required for the procuring and retaining finance.