In UAE, there was no legal requirement to maintain books of accounts till 31st December 2017.
But from 1st January 2018 onwards VAT registration and maintaining books of accounts has
become mandatory for entities whose turnover (sales) exceeds AED 375,000/-
Entities whose turnover does not exceed AED 375,000/- will also be benefited by maintaining
proper books of accounts. E.g. Receiving timely information about the profitability of business,
position of receivables and payables, position of stock, details of other assets and liabilities etc.
Hence it is in your business’s best interest to keep your records accurate and timely.
Our professionally qualified and experienced accountants will maintain your accounts up to
date and provide necessary accounting reports and information based on clients requirements.
This will help you to get timely information for decision making.
Benefits of outsourcing Accounting functions with us.
- Without hiring a full time accountant, get the professional accounting services from our
professional accounting experts.
- Minimize your expenses by eliminating your personnel cost such as salary and allowances
and other hidden costs such as end of service benefits, medical insurance, leave salary ,flight
ticket , and other recruitment related expenses.
- Outsourcing accounts with us will help to deviate management attention from routine
accounting and administrative matters to core business areas.
Our Accounting Services
- Part time accounting services.
- Our qualified and experienced accountants will visit your premises and complete your
accounting and book keeping works at your office. We will make daily, weekly,
monthly or quarterly visits as per your requirements and provide all necessary reports
accordingly.
- We will collect documents daily/weekly/monthly from your office and accounting will
be done from our office and provide necessary reports.(Original documents and
accounting data will be returned to you after accounting has been done)
- Design and implementation of accounting system
- Our team of professionals will design and implement accounting and reporting system
and procedures to suit your business requirements.
- Management accounts(MIS) and reporting
- Our qualified management accountants will prepare various reports including budgets
for the management – monthly/quarterly/yearly based on client’s requirements.
- Reconciliation
- Our team of professionals will provide various reconciliation services to reconcile the
differences in accounts.
- Closing of books of accounts
- We will help our clients to close books of accounts monthly/quarterly/yearly to prepare
financial statements.
- Budgeting and Forecasting
- While working closely with our clients, we will understand the nature and dynamics of
their business and help the client to prepare business forecast and budgets.
- Payroll services
- We will provide payroll services in compliance with WPS requirements as per UAE
Labor Law including preparation of pay slips, leave updating and tracking, processing
bonus and expense claims and any other payroll administrative services if required.