Bookkeeping

Struggling with accounts or VAT?

No time to keep your books up to date?

Unsure what records to keep?

Whether you are a sole trader, an entrepreneurial start-up or an SME, GroForth can fulfil your bookkeeping requirements. Our team will help you implement reliable bookkeeping systems and procedures so that you always have accurate, reliable information about your business at your fingertips. We will also help you maintain the necessary information for your tax and statutory returns.

Our Bookkeeping Services

Our bookkeeping services include:

  • Accounts Software Set-Up: We can help you decide what software package to use and provide advice on how to keep your books and records, reconcile banks, set up suppliers, customers, etc.
  • Accounts Software Integration: As well as using till systems, many GroForth clients sell online and use online payment systems. We can help you integrate data from these systems. We check that the VAT on your transactions transfers correctly to your accounts software and the correct VAT is applied.
  • Record Keeping: We can raise your sales invoices, manage the data entry of your sales and purchases, and review statements.
  • Bank Reconciliations: We can reconcile your bank accounts and credit cards as well as your Stripe, Paypal, Amex, Braintree and other accounts.
  • Fixed Asset Register: We can create and maintain a Fixed Asset Register on your behalf.
  • Tax Compliance: We support VATA, RTD, RCT, VIES, MOSS, INTRASTAT, etc.
  • Basic Reports: We can provide various reports to help you manage your business more effectively, from standard Profit and Loss, Aged Debtor and Creditor reports to customised reports designed to meet your individual requirements.

Businesses We Work With

GroForth provides bookkeeping and accounts support for businesses across Ireland. Sectors we work with include beauty, healthcare, wellness, retail, hospitality and technology. Our clients range from sole traders to large limited companies. We also provide back office support for accounting firms whose clients need to improve their bookkeeping and accounting processes.

Bookkeeping FAQs

Bookkeepers are involved in the day-to-day administration of a business. They are responsible for keeping accurate records of business transactions. They also look after functions like accounts payable and accounts receivable.

A bookkeeper records the details of business transactions whereas an accountant prepares annual financial statements and provides advice on things like business strategy and tax. Bookkeeping specialists like GroForth also explain how to use accounting software and can either manage your entire bookkeeping process for you or provide support for your staff if you manage your bookkeeping in-house.

You must keep accurate bookkeeping records to comply with your tax and regulatory obligations so it is important that you have confidence in your bookkeeper’s ability to maintain reliable records. For tips on questions to ask when engaging a bookkeeper, see our article on Hiring a Bookkeeper.

 Examples of the records you need include:

  • Sales figures
  • VAT
  • Invoices
  • Purchase receipts
  • Bank Statements
  • Loan Statements
  • Credit card statements
  • Hire Purchase or Finance Lease agreements
  • Insurance
  • Correspondence to/from Revenue

Depending on what stage your business is at, there can be different reasons to outsource your bookkeeping. For owner-managers, outsourcing takes away the headache of administration and allows you to focus on building your business. Growing businesses often realise that they need an accounts function but don’t have sufficient resources to hire a finance director or team. Outsourcing can be a good interim solution for these businesses. Many GroForth clients find that outsourcing their bookkeeping helps increase profitability as it is more cost-effective than having an in-house bookkeeper or team. 

GroForth provides tailored bookkeeping support depending on your individual requirements. Examples of services that we provide for our bookkeeping clients include:

  • Cross checking balance sheet entries against the supporting documentation (e.g. bank statements)
  • Tracking down and resolving errors,
  • Checking that profit and loss accounts are correctly calculated,
  • Ensuring fixed assets are correctly recorded,
  • Bank reconciliations including processing payments and ensuring that cash allocations are deposited in bank accounts
  • Payroll administration and support,
  • Issuing RCT reminders,
  • Generating management reports.

When you outsource your bookkeeping to GroForth, the  benefits include:

  • Compliance: We give you confidence that your bookkeeping process complies with relevant regulations and legislation.
  • Timeliness: We work proactively with you to ensure your accounts are completed on time for the tax compliance deadlines, every time. No more stress about remembering deadlines!
  • Expertise: Our ACCA accredited staff members and bookkeeping team can provide accurate advice and assistance to you.
  • Convenience: We can schedule your bookkeeping to be completed weekly or monthly, whichever suits your business. We provide online access to your accounts 24/7 and support by email or by phone.
  • Consistency: When you outsource your bookkeeping to GroForth, you eliminate the risk of relying on a single in-house bookkeeper. We provide a qualified and experienced team to ensure your bookkeeping requirements are on time, regardless of staff sickness/holidays.

GroForth can help you choose the most appropriate bookkeeping solution for your business. We use a wide variety of bookkeeping platforms and can recommend a solution suitable for your type of business/industry and your business needs.

Having your bookkeeping completed on a weekly/monthly bases allows you to keep on top of your business and see where you are spending money and how it affects your cashflow if the coming period.

Benefits of Outsourcing Bookkeeping

For many businesses, outsourcing bookkeeping is a sound business decision as it achieves reliable continuity of service and can reduce costs. When you outsource your bookkeeping to GroForth, other key benefits include:

  • Compliance: We keep up to date with bookkeeping regulations and legislation, so you don’t have to.
  • Timeliness: We work proactively with you to ensure your accounts are completed on time for the tax compliance deadlines, every time. No more stress about remembering deadlines!
  • Expertise: Our ACCA accredited staff members and bookkeeping team can provide accurate advice and assistance to you.
  • Convenience: We can schedule your bookkeeping to be completed weekly or monthly, whichever suits your business. We provide online access to your accounts 24/7 and support by email or by phone.
  • Consistency: When you outsource your bookkeeping to GroForth, you eliminate the risk of relying on a single in-house bookkeeper. We provide a qualified and experienced team to ensure your bookkeeping requirements are on time, regardless of staff sickness/holidays.

Testimonials

Clodagh Doyle
Clodagh DoyleM.D Placelift Ltd.
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"Making the decision to outsource our bookkeeping to GorForth was one of the best decisions we have made in recent times. GroForth has saved us valuable time and removed unnecessary stress associated with our accounts. As our work is mainly project based, GroForth provides us with a snap shot profit and loss of every individual project – which is invaluable. We would highly recommend GroForth to manage your books."
Alex Cooney, CEO
Alex Cooney, CEOCyberSafeIreland
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“As a charity first setting up, we were lucky enough to benefit from free training on a recommended book-keeping platform from GroForth. The initial training was broken up into bite-sized sessions that really enabled us to get to grips with the service. What has been even more beneficial than that initial training has been the on-going support they have provided to us since those early days. They are consistently on-hand to provide advice and support and this has really helped to ensure that our financial management reporting is both accurate and of the highest quality.”
Sabine Louët
Sabine LouëtFounder & CEO
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“I have had the privilege of benefiting from the wisdom and strategic advice from GroForth outsource finance department services over the past few years. The service has delivered over and beyond my expectations in terms of continuous support in my decision making. No other firm of that nature provides such a personal service, with attention to detail and an ability to bring business isues into a wider context, to help decision making.”
BondiGroup
BondiGroupDean Lochner
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"Having used the services of GroForth for several years, I can highly recommend them. Their attentiveness and customer support engagement is second to none. Enquiries are handled quickly and professionally. An invaluable business asset."
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