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Outsourcing

Overview

We provide day-to-day financial management and accountancy services to meet the ever increasing statutory compliance burden facing business owners and managers. Through our team of experienced accountants we cater for the requirements of a wide array of Clients, from Sole Traders or Partnerships to small, medium and large Limited Companies.

Accurate, up to date and well-presented financials provide essential knowledge for the survival and growth of a business. We let the business owners and managers get on with the job they do best leaving the day-to-day financial management of the business to us the specialists.


 

Accounting Resources

As your outsourced accounts team we offer the following range of services which can be tailored to meet the individual needs of each client:

  • Book-keeping
  • Management Accounts
  • Payroll Bureau
  • VAT Returns
  • RCT Returns
  • Cash-flow forecasting
  • Business planning and projections
  • License applications

Bookkeeping

In a new business start-up many clients do not have the knowledge or time to deal with the overbearing administration that is involved in operating their business. Similarly, small and medium-sized businesses find that they can concentrate more on the “selling of the business” whatever it may be, and we can deal with the administration and compliance deadlines that are a part of every business.

We can offer our services covering VAT returns and bookkeeping prepared internally by our experienced staff or as part of our external client review. We have a wide range of VAT experience from the small corner shop to the large property developer. VAT can be a complex tax and even small breaches can lead to significant interest and penalties being applied by Revenue.

The current deficits in the exchequer receipts has lead to increased cash being generated by government as regards the levying fines, interest and penalties for non-compliance and incorrect submissions.

Late submissions and payments of returns are red flag’s to Revenue and they can trigger revenue audits and enquiries that can lead to additional interest and penalties being levied on the tax payer.

At Quintas we will take ownership of the compliance and bookkeeping function in your business to ensure that you are advised of upcoming compliance deadlines and to ensure that liabilities are paid when they fall due. We can also negotiate with Revenue on your behalf in relation to agreeing payments plans or installment arrangements for liabilities.

The Benefits of Outsourcing Your Bookkeeping & Admin Function

  • Experienced Staff who will use the most efficient and up to date methods available
  • All bookkeeping work is supervised by qualified accountancy staff
  • Free up business owner’s time to concentrate on other parts of the business
  • Ensures quality & accuracy of internal accounts reports
  • Provide the business owners with regular reports – sales / bank / debtors / profitability / suppliers., where required
  • Significant Cost Savings over full-time Employees:
    • Lower annual cost
    • No Employer’s PRSI
    • No Holiday Pay
    • No Redundancy Entitlements
    • No training costs
    • No / Reduced software costs

Internal Controls

Given the significance of adopting internal controls over financial reporting, companies may opt for outsourcing and automation of their non-key finance processes. This will allow for standardisation and enable companies to obtain better and faster access to data that will result in cost savings. Large organisations that maintain multiple finance environments with different policies, business rules, charts of accounts and finance systems find the practice to be unwieldy, costly and difficult to manage. 

How Quintas can help? 

  •  Establish a single, enterprise-wide accounting methodology as well as a core general ledger 
  • Eliminate non-value-add steps in the finance functions and reduce the ambiguity due to disparate business units 
  • Ensure subsidiaries retain proprietary processes and charts of accounts 
  • Enable cost savings due to leaner and faster processes 

 
What to find out more? Contact us on 021 4641400 or email info@quintas.ie

Overhead Cost Reduction

Our Corporate Recovery Team provide creative solutions when tough decisions are the order of the day. When businesses are not performing or are in financial difficulty, Quintas based in Cork, Ireland can provide tailored solutions that will focus on achieving immediate survival and long term sustainability. Our Corporate Recovery services include professional advice on restructuring or disposal for financially challenged companies.

We also assist with voluntary liquidations and wind up processes when required.

Profitability Enhancement

Quintas’ Profitability Enhancement Service is designed to help increase your profits and shareholder value by identifying practical income improvement and expense-reduction opportunities. 
By examining how your business is currently operating, our Profitability Enhancement Services can result in: 

  • Improved Market Share 
  • Improved earnings. 
  • Improved income and expense controls. 
  • Reduced labour costs. 
  • Improved cross-training. 
  • Improved operating efficiencies. 

 To find out more about how we can help contact us on 021 4641400 or email info@quintas.ie 

Why Outsource?

There are many benefits arising from outsourcing your finance department

  • We take ownership of the finance function,
  • Cost reductions as we can replace existing accounts staff
  • Experience of a financial controller without dealing with the cost, HR and staff headaches
  • Reduced IT costs.
  • No holiday or illness disruptions
  • Key financial KPI’s accessed in real time.
  • Improved management information and independent business appraisal
  • Proactive advice on key financial issues
  • Non-performing areas highlighted
  • Regular communication with your experienced adviser including monthly meetings
  • Reduced cost of your accounting function
  • No more headaches recruiting and managing accounting staff.
  • As we provide services to a wide range of entities we can provide comparisons with similar businesses in your industry/sector

We treat all of the financial information on your business with the utmost professionalism and confidentiality.

William Hogan
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Fachtna O'Mahony
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Paul O'Connell
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Yvonne Barry
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Patrick Kearney
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