Below is an infographic from 5wgraphics.com The graphic shows how low cost airlines like Ryanair make their savings. One of the key metrics is the passengers per employee. If you can find and use metrics like that in your business you will greatly increase your management information. Improved management information can assist decision making and [...]
Do My Books are proud to announce that we are now authorised resellers, installers and trainers on Big Red Book Accounts and Payroll Software. Big Red Books easy to use interface has seen seen it grow to having over 14,000 users in Ireland.
If your looking for accounting software in Galway, Mayo or Clare please do [...]
This is a common issue for entrepreneurs, Should they operate as a sole trader or limited company. From a purely tax point of view if your company profit is larger than you need to live on a Ltd company is the likely to be the most tax efficient option.
The savings would work as follows, Profit for yr €1.2MDrawings required [...]
At Domybooks our core business is Bookkeeping. Below I have listed our the main services this covers.
Processing of VAT returns
Recording purchase invoices
Preparing sales invoices
Bank reconciliations
Sundry Reconciliations
Accounting data entry
Payroll preparation
Processing of expenses
Debt Collection
Outsourcing your book keeping to an expert can save you time and money allowing you to focus on your business.
If you would like to [...]
Since the economic downturn in Ireland A significant number of Irish companies have outsourced their payroll to a specialist provider (Like Domybooks!) As well as allowing them to reduce headcount this also comes with further advantages as listed below:
Compliance- As experts we ensure you are fully complaint with all relevant payroll legislation.
Timelyness- We ensure all [...]
In a surprise move oil rich Abu Dhabi has bailed out Dubai with $10 billion. The terms of the funding are not being released but the funding relates to Dubai’s flagship investment company Dubai World. Dubai World manages and supervises a portfolio of businesses and projects for the Dubai government across a wide range of industry segments and projects [...]
Many many businesses in Ireland are now suffering from severe cash flow issues below I have listed a few do’s and dont’s which I have tried and tested with clients and I’m confident work.
Do:
Communicate with all your creditors (including the bank!) and be as honest as you can.
Cancel all direct debits you can, This gives [...]
One of the services we provide at Do My Books is temporary accounting staff. I have answered the common questions I am asked in relation to this service below:
Q1. What services can your Temporary accounting staff provide:
A: Common services are:
1. Bank Reconciliations
2. VAT Returns
3. Payroll including P30’s and P35’s
4. Financial Reporting both Management and regulatory
5. [...]
If like some of my clients you have a tendency to loose documentation you might find yourself looking for another blank VAT 3 form.
Rather than phoning the Revenue and waiting for them to post you out a Blank VAT 3 form you can download one in .pdf format from the Revenue.ie website.
It is located here [...]
I have just come back from an enjoyable meeting with Mic from Swift Accounts. I was amazed at the demonstration of swift accounts . Everything my non accountant friends and acquaintances hate about accountancy packages has been resolved. Its extremely user friendly and unusually combines personal and business finances which is an excellent addition. [...]
