Annual Accounts
Preparing accurate annual accounts is a legal obligation for Irish companies — but it’s also an opportunity to gain valuable insight into your business performance. At JP Egan & Company, we help businesses of all sizes stay compliant with financial reporting requirements while delivering meaningful data that supports smarter decision-making.
Whether you're a small limited company or a larger corporation, we tailor our Annual Accounts services to fit your needs. Our team prepares accounts in line with Irish GAAP or IFRS, ensures accuracy, and supports you throughout the filing and audit process. We also help you understand what your accounts are telling you — so you’re not just ticking a box, but using your financials as a business tool.
From bookkeeping and financial statement preparation to audit support and performance reporting, we handle the details so you can focus on running your business with confidence and clarity.
At JP Egan & Company, we take a proactive approach to your annual accounts, ensuring not just compliance but also maximising the potential of your financial data. Our team goes beyond simply preparing reports; we provide actionable insights that help you understand trends, identify opportunities for growth, and pinpoint areas where cost-saving measures can be implemented. Whether you’re looking to improve cash flow management, streamline operations, or assess the financial viability of new projects, our in-depth analysis gives you the tools to make informed decisions. By working closely with you, we ensure that your annual accounts aren’t just a reflection of the past year, but a roadmap for future success.
Things to Know or Watch Out For with Annual Accounts
- Filing Deadlines Must Be Met
Companies must file annual accounts with the CRO along with their Annual Return. Missing this deadline can result in fines and loss of audit exemption. - The Format of Your Accounts Depends on Company Size
Micro, small, medium, and large companies each have different financial reporting requirements under Irish company law. We ensure your accounts meet the appropriate standard. - Accounts Must Be Approved Before Filing
Annual accounts must be approved by the company directors and, where required, by the shareholders. We guide you through the approval process and ensure timely filing. - Revenue and CRO Requirements Differ
Your tax return (to Revenue) and annual return (to the CRO) are separate filings, though based on the same figures. We help you manage both and avoid duplication.
- Proper Bookkeeping Is Essential
Accurate books make year-end accounts easier and more reliable. We offer year-round bookkeeping to keep your records clean and reduce last-minute stress. - Audit Requirements Depend on Size and Compliance History
Small companies may be exempt from audit — unless they file a late Annual Return. We help maintain your audit exemption status. - Management Accounts Provide In-Year Visibility
Don’t wait until year-end to understand your numbers. We provide monthly or quarterly management accounts to help you stay in control throughout the year. - Financial Analysis Can Drive Growth
Your accounts contain valuable insights. We provide financial analysis to help you interpret the data and improve performance.
JP Egan & Company
Frequently Asked Questions
Annual accounts (also called statutory accounts) summarise your company’s financial activity over a financial year and are submitted to the CRO and used for tax reporting.
They must be filed with your Annual Return. The deadline is generally nine months after your financial year-end, but can vary depending on your ARD.
You may face late filing penalties, loss of audit exemption, or even company strike-off. We help you stay on top of deadlines and avoid these issues.
Irish GAAP is the standard for most companies in Ireland, while IFRS is often used by larger or international firms. We prepare accounts under either framework, as appropriate.
No — small companies may be exempt if they meet the criteria and file their Annual Returns on time. We help determine if you qualify.
Yes — we’re happy to collaborate with your in-house finance team or external bookkeeper to prepare your final accounts accurately and efficiently.
Yes — we offer management accounts on a monthly or quarterly basis to help you monitor performance and make informed decisions year-round.
Absolutely. We break down your financial statements, explain key ratios and trends, and help you identify strengths, risks, and opportunities.
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