Entries by admin

Dealing with cash flow problems

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 […]

Temporary Accounting Staff

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. […]

Pay and File deadline

Quick reminder to all that you can extend the Pay and File deadline to 16th of November 2009 by both paying and filing online using Revenue on line (ROS). Using any other means payment must be made by 31st of October 2009. If you need any advice filling in your form 11 please do not […]

Copy VAT 3 Form

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 […]

Margin

Working with clients I see them using all sorts of creative ways in trying to develop their sales price. Sometimes using mark up and margins sometimes licking their finger and holding it out the window. Calculating a selling price using a gross margin is relatively simple = cost / (1-Gross Margin%) yet it still manages […]

Revenue

This morning a client received a lovely letter from the Revenue commissioners requesting some updated VAT numbers for a VIES statement. Along with this letter was an A4 page encouraging them to submit VIES statements online which of course is a fantastic idea. I was impressed with the Revenue for promoting their online service. This […]

The importance of IT

One thing I am constantly stressing to my clients is the importance of Information Technology in their business. Take the following scenario as an example: Sales Man A is on the road with a docket book and pen. When he makes a sale he fills in a triplicate docket. He manually fills in each price […]