We started out during the recession and I think that helped because we were able to compete on fees. Our pricing was always very transparent, which I think helped as well. We are like a company’s accountant in the statutory sense, but we base our fees on the client’s turnover and we quote them in advance. We tell them how much it’s going to cost before they engage with us and they can pay by direct debit – people like the certainty we offer.
From the outset, Larissa worked closely with Donegal Local Enterprise Office to launch and grow her business. Accountant Online received Angel investment in 2016 and is now supported by Enterprise Ireland. The company has experienced strong growth in recent years, averaging 48% growth per year for 2017, 2018 and 2019.
Accountant Online has won many awards and was shortlisted three years in a row for ‘Best Use of Technology in Accountancy and Finance.’ The business also won ‘Best Small Practice’ in 2017, ‘Best Medium Practice’ in 2018, and was shortlisted in 2019 for ‘Best Medium Practice’. In 2020, Accountant Online won ‘Medium Practice of the Year’ and ‘Overall Practice of the Year’ at the Irish Accountancy Awards.
Larissa herself was awarded Accountant of the Year in 2018. In 2020 she was asked to be a Lead Entrepreneur with ACORNS – which is a programme designed to support early stage female entrepreneurs. She is also on the mentor panel of both Donegal LEO and Enterprise Ireland and has acted in a voluntary capacity in various roles including as treasurer with Donegal Women in Business. Larissa is also an ambassador for AMBITION, Donegal’s first pre-accelerator programme aimed at developing female entrepreneurship in the county, which the Local Enterprise Office Donegal is running.
Agile Innovation Fund
Allows companies to access up to 50% in support of innovation projects with a total cost of up to €300,000 – with fast–track approval.
Assists micro-enterprises in the first 18 months of start-up. It covers 50% of eligible costs, subject to an €80K LEO contribution.