Comerford Foley – About Us

Over 30 years experience in helping SMEs to grow and add profit to their bottom line!

We take the stress and worry out of the books!

A new way of thinking –

making your life easier!

Existing Accountancy Model……

Mr Murphy……your accounts are finished. You owe the tax man €200,000!!!!!

Our Invoice is in the post!

Are Revenue watching me?

Am I compliant?

I really don’t understand my

business or my finances

I worry about the

future, my business

model and profitability

I am fed up of sleepless

nights!

Revenue……no issues, no worries!

What I want…..

I am confident I know my business!

What I want…..

The future for my business is planned and is in GOOD

hands…..

What I want…..

I sleep well……and there’s money in the bank!

The dream….

Why pay attention to Technology to help boost your profits?

Live Information

• Profitable or not?• No surprises• Monitor KPI’s• Focus on profitable areas• Debtors recoverability• Good for Cashflow

Good Business Decisions

• Solid data• True margins and profits• Minimise inefficiencies• Innovation…..fail fast!• Production costs• Overhead costs

Plan for the future

• Return on investment• Cashflow and financing• Retirement• Succession• Tax considerations• Planning for exit or sale

The Options

• Cloud Accounting– Xero– Sage One– Kashflow– Quickbooks

• Existing Software– Excel – an under utilised resource!

The Options

• Other Solutions– Desktop solution, excel based etc.– EPOS – Key for retail! – Non financial – CRM, Sweet Process etc. All can

add to the efficiency of the business

• The message– It doesn’t have to have bells & whistles.

What can technology do? (some examples)

• Automatic upload of bank statements• Take a photo of receipts – ends up in your

accounts!• Debtors collection or invoicing from your phone• Check your accounting position anywhere anytime• Integrate your EPOS with your accounting system

– gives details of sales by product, by day by time etc.

Why Cloud?

• Time saving• Reduced upfront costs• Access anytime, anywhere• No upgrades or maintenance• Develop relationship with your adviser• Cashflow – Invoicing, debtors collection• Reporting – data analysis• KPI’s – week on week, allows easy drill into the

numbers, detailed analysis of the business performance

How?

Talk to us

How?

- Review your existing financial reporting structure

- Ensure you have a process to review the business performance on a weekly basis

How?

- If you don’t have a system you are probably throwing away money by not monitoring performance (even if profitable!)

- Develop the KPI’s relevant to your business regardless of the size of your business

- Don’t panic – doesn’t have to be expensive, doesn’t have to be complicated and we will help

Next steps?

It’s in your hands……….take control of your business!

Questions?