Aquaculture business headquartered in Netherlands needs cloud based accounting system for 2 Irish subsidiaries

Problem Discussion:

This business used desktop software to manage its accounting and was not able to consolidate its different entities in a timely manner. The business had 2 Irish subsidiaries among other group companies. The business was also looking for a new accountant but was happy to do its own bookkeeping.

Solution :

Set up a new cloud-based system and reporting process

We looked at Quickbooks and xero and decided on xero as it was being used in other group companies. We set up xero and hubdoc and trained the accounts team on how to use both systems. With some hand-holding the company was able to hit its month-end reporting targets for the board meeting