learn about our history
We have provided businesses with a full range of bookkeeping services in a very straightforward and efficient manner. Our firm has managed invoice entry, bank reconciliations, VAT return filing, payroll processing, expenses claims, credit control, and much more!
Over the years we have noticed that a typical business requires just five hours a month or two hours a week, depending on the size of the business.
Now moving into web design after qualifying in this area we intend on improving our services in the future.
Having extensive knowledge of business as a whole is highly important to us!
There are 5 principles that every accountant, bookkeeper or financial manager should live by Integrity, Objectivity, Professional Competence & Due Care, Confidentiality and professional behaviour. Here at Orbano these principles are held up with the upmost regards.
Qualified professionals at your service. We offer our expert advice and support.
We are focused on your needs for your business. Choose the right fit for your business.
We are serious about your businesses future. If you are not receiving the service you deserve from your accountant, then perhaps it’s time to switch.
Accrued expenses are those liabilities that have built up over time and are due to be paid. Accounts payable, on the other hand, are current liabilities that will be paid in the near future.
A bank reconciliation statement summarises banking and business activity, reconciling an entity’s bank account with its financial records. Bank reconciliation statements confirm that payments have been processed and cash collections have been deposited into a bank account
Is a Loan Payment an Expense? A loan payment often consists of an interest payment and a payment to reduce the loan’s principal balance. The interest portion is recorded as an expense, while the principal portion is a reduction of a liability such as Loan Payable or Notes Payable.
Recording the Loan
An audit is an examination of your business’s financial records. During an Revenue audit, the Revenue Commissioners reviews your records and checks for inconsistencies in your books.
Sometimes, the Revenue randomly chooses businesses to audits. Or, Revenue can audit you if your small business tax returns look suspicious.
To decrease the chances of your business getting audited, you need to avoid Revenue audit triggers such as running a cash-only business, making errors on Revenue forms, missing tax deadlines, and claiming too many business expenses.
The gross pay is their total salary before any taxes and other withholdings are deducted from their paycheque. The net pay is the income that an employee would receive after all possible deductions have been made. This represents the actual total amount of money they can use, or their take-home pay.
Your Personal Public Service (PPS) number is a unique reference number that helps you access social welfare benefits, public services and information in Ireland. Before you can be allocated a PPS number, you must show that you need one for a transaction with a specified body.
Revenue Online Service (ROS) enables you to view your own, or your client’s, current position with Revenue for various taxes and levies, file tax returns and forms, and make payments for these taxes online in a variety of ways. Individuals registered for PAYE or LPT only should use myAccount.
You’re not typically required to file taxes unless your income levels exceed the standard deduction amount. Again, it may be worth filing if you’ve had taxes withheld from a paycheque, you anticipate taking advantage of refundable tax credits or you expect a refund.