Accounting services Dubai, UAE

1)Financial Accounting

Why Accounting

As Warren Buffett said, you have to understand Accounting and you have to understand the nuances of Accounting as it’s the language of business.

Without knowing the right figures, the business fails relentlessly and there are lots of experience in and around us. Businesses may have cash flow but no real profits eventually killing the business in its entirety.

It's also mandatory to keep proper books of accounts as per the prevailing laws of the UAE. The UAE Commercial company law 2015, Federal decree-law of 2017 on Value Added Tax, Economic Substance Regulation laws, Anti Money laundering law, etc are some of the laws requiring mandatory maintenance of books of Accounts in UAE.

How we do it for you

Our dedicated Accounting team is fully conversant with traditional and International accounting software viz. Tally ERP, SAGE, NAVISION, NETSUITE, SAP, MICROSOFT DYNAMICS, Zoho Books, Quick Books, ODOO, etc. We ensure that accounts are maintained in accordance with domestic regulations as well as international reporting norms. Our team review, analyze and flag any potential issues to ensure timely remedial action.

• Weekly or monthly visits to the premises of the company based on the volume of transactions. If transactions are less, we advise having only a single monthly visit.
• Virtual Accounting: To give more comfort to the client, we also work remotely in any cloud software you choose like QuickBooks, Zoho Books, etc, or working on your Desktop using the Remote Desktop option.
• Partial outsourcing of Accounts departments like Payables management or Receivables management or inventory management etc.
• Backlog Accounting: This is frequent in any business which decides to move from manual Accounting to computerized accounting. We can assist in clearing all the backlogs within a mutually agreed time frame in order to give a 360-degree view to the investors.   
• Virtual Accounting: To give more comfort to clients, we also work remotely in any cloud software you choose like QuickBooks, Zoho Books, etc, or working on your Desktop using the Remote Desktop option.
• Partial outsourcing of Accounts departments like Payables management or Receivables management or inventory management etc.
• Backlog Accounting: This is frequent in any business which decides to move from manual Accounting to computerized accounting. We can assist in clearing all the backlogs within a mutually agreed time frame in order to give a 360-degree view to the investors.
  
  

Benefits for you in Accounting

• You get professional accounting service at the best price with the help of a dedicated Accounts professional from our company
• Saving large amount on accounting software as you can choose to get Accounting done from our In house accounting software
•  Employee turnover in Accounts is frequent. Time and cost involved in new recruitment can be eliminated
•  Staff cost including Visa expenses, end of year expenses can be eliminated fully.
• Best alternative when Accounts staff goes for a yearly leave or emergency leave

2) Fixed Asset verification and Management

• Investment in Fixed assets differs from companies. Eg: Investment in Fixed assets by a manufacturing company or healthcare entity shall be huge compared to that of a trading company or companies in the service sector.
• Its value is a major yardstick in the valuation of the company at the time of the entry of a new investor as well as liquidation.
• In course of general business operations, the management may not be able to monitor the proper maintenance and control of assets. The following controls are essential for ensuring adequate management of Fixed Assets
• Prepare an Asset register detailing the location, quantity, description, value, and useful life of the asset·        
• Physical verification of Asset infrequent intervals to ensure the asset is in existence and working in good
• Sometimes our assets will be used by third parties. In that case, verifying and auditing those assets from third-party locations is also inevitable.

How we do it for you 

•  We support you in the maintenance of a full-fledged Fixed Asset register such that any discrepancy can be easily sorted out
• Tagging: We assist in tagging each asset with a unique asset bar code and the system will be updated with all the details of assets including their physical location. This can help mitigate the risk of loss or theft of assets and provide a full trail of assets.
• Our team will visit your business locations and conduct physical verification of assets and ensure that proper internal controls are in place. Physical assets shall be reconciled with assets in books of accounts and variations shall be reported to the management.