BOOKKEEPING
Bookkeeping
Accurate bookkeeping is the foundation of financial success. Without proper records, businesses struggle with cash flow management, compliance, and financial planning. Our professional bookkeeping services help businesses in Galway maintain accuracy, transparency, and efficiency in their financial affairs.
We handle income tracking, expense management, payroll processing, tax preparation, and financial reporting, ensuring your business remains compliant with Revenue Commissioner regulations and other legal requirements.
Our Bookkeeping Services in Galway
Day-to-Day Transaction Recording
We ensure every financial transaction is recorded accurately, categorising income and expenses to maintain up-to-date financial statements. Our services cover:
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Sales and revenue tracking
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Purchases and expense logging
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Bank reconciliations
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Invoice and receipt management
Payroll Processing & Compliance
Managing payroll can be time-consuming and complex. Our payroll services include:
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PAYE calculations
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Employee tax deductions
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Pension contributions
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Payslip distribution
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RTI (Real-Time Information) submissions
VAT Compliance & Returns
Staying compliant with VAT regulations is crucial. We handle VAT calculations, reporting, and timely submissions to ensure you avoid penalties and maintain compliance. Our VAT services include:
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VAT registration
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Quarterly VAT returns
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VAT reconciliation
Financial Reporting & Analysis
We generate detailed financial reports that provide insights into your business performance. These reports help in budgeting, forecasting, and strategic planning. Our reports include:
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Profit & Loss statements
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Balance sheets
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Cash flow analysis
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Budget comparison reports
Tax Preparation & Compliance
We assist businesses in Galway with tax planning and preparation, ensuring compliance with Irish tax laws. Our tax services include:
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Corporation tax returns
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Self-assessment tax filing
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Tax efficiency strategies
Bank Reconciliation Services
We match your bank statements with accounting records to ensure accuracy and identify discrepancies before they become issues.
Why Choose Galway Accountancy for Your Bookkeeping Needs?
Expertise & Experience
Our team of qualified accountants and bookkeepers have extensive experience handling financial records across various industries in Galway. We stay updated with Irish tax laws and accounting standards to provide accurate and reliable services.
Cloud-Based Bookkeeping
We utilise leading accounting software, including Xero, QuickBooks, and Sage, ensuring secure, real-time access to your financial data.
Tailored Solutions
We understand that every business is unique. Our customised bookkeeping packages are designed to fit the specific needs of your company, ensuring you only pay for the services you require.
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Dedicated Support
Our team is always available to provide personalised support, ensuring your queries are resolved quickly and efficiently.
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Cost-Effective Services
Outsourcing your bookkeeping to Galway Accountancy is a cost-effective solution, eliminating the need to hire an in-house accountant while still maintaining professional financial management.
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Bookkeeping FAQs
What is bookkeeping, and why is it important?
Bookkeeping involves recording and managing a business’s financial transactions. It ensures financial accuracy, regulatory compliance, and effective financial planning.
How often should bookkeeping be done?
Regular bookkeeping is essential. We recommend weekly or monthly updates to keep financial records accurate and up to date.
What bookkeeping software do you use?
We use industry-leading software such as Xero, QuickBooks, and Sage to ensure seamless financial management and secure access to your data.
Can you help with tax compliance and filing?
Yes, we provide tax preparation and filing services, ensuring compliance with Irish tax regulations and helping you optimise tax efficiency.
Do you offer payroll services?
Yes, we manage payroll processing, PAYE calculations, tax deductions, and pension contributions, ensuring timely and accurate payroll management.
How can I get started with your bookkeeping services?
Simply contact us today to discuss your bookkeeping needs and receive a customised service package tailored to your business.