Professional and Small BusinessAccounting Services

The demand for bookkeeping and accounting services in UAE is escalating. Under UAE Law, it is mandatory for all the business entities need to adhere hub the accounting rules and regulations as per International Financial Reporting Standards (IFRS).

Outsourced bookkeeping services involves preparation and maintenance of day to day transaction.

• Chart of account review and set – up.
• Data entry, including recording daily transactions.
• Frequency of visit will be determined based on the requirement, we can provide daily, weekly, monthly and quarterly visits.
• Accounts payable and receivables processing
• Bank Reconciliations
• VAT Compliant Procedures
• Generating MIS Reports

To survive in today’s era of competitive markets and industries, a successful business needs to continuously evolve their processes on a regular basis and to save or minimize costs and expenses while maintaining the product quality. Now, you can outsource such an appalling task: accounts payable processing and focus on running the business. You can outsource your accounting to us. Our competent accountant team is highly capable to provide accounts payable processing services on a periodic basis depending on your needs. Also, trust that the crucial data of your creditors are perfectly safe.

Our highly experienced team will come up with an accounts payable service customized for your business. We are known to simplify procedures and to reduce your purchase cost to the minimum.

One of the most important facets of an organization is how well the accounts and finance of the company is managed; your financial statements represent your financial performance throughout the year and how well you can do in the future; important decisions are made based on these financial statements including banks and financial institutions lend loans.

How can we help?

• We design financial system including drafting a system for accounting procedures and processes – recording of entries, documentation of all transactions, segregation of duties and bookkeeping etc.
• We will set up all the accounting procedures and accounting software to carry out all the financial activities appropriately.
• We will also do data entry and update all your accounts on a regular basis depending on the frequency of your transactions.

Finally, we will prepare your income statement, balance sheet, cash flow statement and statement of equity. All your reports will be prepared quarterly and annually for a regular analysis of your financial performance.

There are several means of committing and hiding a strategically planned fraud in an organization. Taking precautions is the best you can do to avoid incurring huge losses or even bankruptcy in the future. One could never know, one of your most trusted members could be cooking your books for personal gains. To avoid losing your life’s hard work and all the efforts you and your team have put into the business, our team would do a regular check of your entity. Since we are a third-party firm, no self-interest or self-review threats could cloud our judgment. You can fully trust us to ensure that the entries of your daily transactions, bookkeeping and financial reporting are being performed honestly and truthfully.

Maintaining proper books of accounts are a real challenge for small to medium enterprises. If your business is registered under the commercial company law in UAE, it is compulsory for you to maintain all your financial transactions records in the prescribed format.

Our team will help you to prepare books of account from the date of incorporation of business till the current date; as you provide all the necessary supporting documents; consisting of all the original purchase and sales invoices, payment and receipt vouchers, bank statements from the start of business and record of all the checkbooks used during the period. Our team of experts will update all the records in your company’s accounting software. You will be provided with the following financial reports:

• Balance Sheet or Statement of Financial Position
• Income Statement or Statement of Profit and Loss
• Statement of Cash Flow
• Details of the Company’s Accounts Receivable
• Details of the Company’s Accounts Payable
• Efficiency Reports
• Calculation of Variances and Output Analysis
• Calculation of Financial Ratios and Analysis
• Calculation of the Break-even Point for the Company

Reconciliation accounts are one of the main tools used by auditors to determine the accuracy of business financial statements; the process of verifying the organization’s financial records with a view to detecting any deficiencies. It is a specialized job that requires time and high level of expertise and outsourcing is your best option. We have all the expertise and knowledge required for matching and reconciliation of accounts according to regulatory/statutory requirements.

Where do we start?

Our highly qualified and professional accountants will start from understanding your accounting system; we will get the required information from all the concerned departments; we will then propose a customized solution specifically suited for your business. Our services include:

• Matching and reconciling business records with your all bank statements.
• Reconciling credit card payments with the statement issued by the bank.
• Reconciling other accounts like debtors/creditors accounts.
• Matching all the invoices paid directly from the bank and recorded in the company’s books of accounts.

The strongest pillar of your business are your employees; the best way to inspire their productivity is to ensure a healthy working environment that includes salaries being paid on time. Payroll management can become complex if not properly handled; as it involves several perquisites and benefits instead of only wage calculation e.g. leave, vacation expense, insurance, medical benefits etc. Focus on where it matters, instead of wasting time researching salaries and wages laws and regulations.

And we are highly experienced and trusted.

We are currently working with hundreds of clients, pleased with our services. Our specialized team can guarantee you accurate programming and reduction of costs as well.

We enforce strict confidentiality policy that restricts our team from sharing your employees’ information and data with a third party.

#AAperspective for SMEs

We have built a solid a cost – effective accounting solutions plan for UAE based SMEs, so they cruise through the challenges of the new normal smartly and seamlessly.