Bookkeeping

Bookkeeping

Aviaan Accounting is a renowned bookkeeping and accounting service provider operating across Dubai, Abu Dhabi, Sharjah, UAE. We have a team of certified accountants who are dedicated to supporting businesses in their financial, accounting and bookkeeping processes. We offer:

  • Reliable, accurate, and timely financial information
  • Financial statement reconciliation
  • Recording and updating accounts and business transactions
  • Financial reporting to foster informed decision making

We are known for our up-to-date knowledge of laws and regulations surrounding accounts maintenance as well as our expertise in the field of financial management, business planning, due diligence, feasibility reports, and tax consultancy. All these aspects are essential for achieving the strategic business goals of an organization and fulfilling the accounting and bookkeeping needs of the business.

Accounting and Bookkeeping Services Dubai, Sharjah, Abu Dhabi, UAE

Outsourcing accounting and bookkeeping services in Dubai, UAE are the need of time. With the new laws and regulations, it is becoming increasingly important for the company to maintain accounts and books in accordance with the standards and guidelines of the authorities. It is needless to say that a good accountant and audit firm in Abu Dhabi, UAE can provide accounting and booking services in Dubai or any other Emirate far better than an ordinary bookkeeper in Dubai. 

Dubai has turned into a business center over the last couple of years, which means that it is home to thousands of businesses, operating on all different levels and dealing with different activities. As a business owner, you are required to ensure that your company runs smoothly, that all your departments and employees are doing their work to their best capabilities, and are also cooperating with each other so as to achieve targets.

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One thing to keep in mind, though, is that irrespective of the kind of business you own, you would need to figure out a way to manage your finances, record all such transactions and analyze them. Without funds and adequate financing, there is no way that your company as a whole would be able to carry out its operations, and this means you need to hire accounting and bookkeeping services in Dubai, UAE to manage your finances. There are two ways to do this – one is to hire a full-time accountant costing you as per their qualification and experience and second is to top Outsource accounting and bookkeeping services in Sharjah, UAE, of which the latter has various benefits.

Guidelines on online Bookkeeping services in Abu Dhabi, Dubai Sharjah, UAE

To facilitate business entities, top online accounting and bookkeeping services in Dubai, UAE are offered, in which all the records of data and transactions will be collected from a remote location. Online bookkeeping services in Abu Dhabi, UAE offer enhanced productivity, accessibility, cloud storage, user-friendliness, safety and security, cost-effectiveness, and invoicing efficiency. Aviaan Accounting employs the software which is suitable in accordance with the need of company, we are flexible in offering our online accounting and bookkeeping services.

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What are Accounting and Bookkeeping services in Dubai and their benefits?

Accounting in Dubai, UAE refers to the process of systematically organizing your financial transactions and related data, recording it in a specific manner, and then analyzing it all so as to prepare reports which provide a clear image of your company’s financial situation. Bookkeeping services, on the other hand, is primarily the process of organizing and recording all the company’s financial transactions and related data. It is a crucial part of accounting but is not the same since bookkeepers in Dubai, UAE are not involved in the process of thoroughly analyzing data and creating reports on the same. However, both best accountants and bookkeepers in Dubai, UAE are qualified when it comes to an understanding of almost everything to do with finances and can help you figure out how your company is doing in terms of money and how you can improve things. Besides this, they can also help with tax-related matters, audits, decision making, etc.

Some of the benefits of outsourcing accounting services and bookkeeping services in Dubai, UAE are as follows:

  • Maintain updated records of your company’s finances
  • Help with preparing a budget and allocating funds
  • Provide key information with regards to tax return filing
  • Help with filing tax returns in Dubai, UAE
  • Understand the company’s financial situation and help with the subsequent decision making
  • Prepare financial statements, expense records, etc.
  • Help find ways to reduce unnecessary expenditures etc.

Why do you need accounting and bookkeeping services in Dubai, Abu Dhabi, UAE?

Providing accounting and bookkeeping services is very technical and requires a certain level of knowledge, expertise, and experience in the related field. Because if accounting and bookkeeping services in Abu Dhabi, UAE are not managed the way they should be, it can lead the company into serious problems. Outsourcing accounting services in UAE is the first step towards accurate and precise accounts. Also, accounting firms in Dubai, UAE also ensure that all industry regulations and company standards are being followed in all aspects of data recording. You need to hire an accounting firm in Dubai because:

  •  Maintain records 
  •  Bank accounts management
  •  Keep the books aligned with law
  •  Keep you ready for tax
  •  Sending out Invoices
  •  Keeping Invoices
  •  Deal with foreign currency transactions
  •  Maintain proper cash flow
  •  Prepare financial statements
  •  Getting the books ready for the accountant

Role of Accounting Companies in Abu Dhabi, UAE

Accounting companies in UAE are responsible to maintain your books and accounts up to date and accurate through objective and transparent recording of business transactions. Moreover, accounting companies play a vital role in enforcing accounting laws and regulations across the company. Role of best accounting companies in Dubai, UAE also include:

  • Detecting any fraudulent activity
  • Highlight misrepresentation in business transaction data
  • Analyzing and Evaluating reports
  • Uncovering inefficiencies and errors
  • Designing a control mechanism

Why is Aviaan Accounting a suitable choice for outsourcing Accounting and Bookkeeping Services in Dubai?

It is quite evident that a company’s basic functioning depends largely on how its finances are managed, and for that, accounting companies are extremely important. Aviaan Accounting would be a great choice when it comes to outsourcing accounting and bookkeeping services in Dubai, and here is why:

  • Cost-effective accounting and bookkeeping services: Paying an employee to do the accounting or bookkeeping in Dubai, UAE work can prove to be costly in the long run, especially if your business is new and operates on a smaller scale. By hiring our accounting and bookkeeping services in Abu Dhabi, UAE, you can cut down on such costs since you would simply be required to pay a monthly fee and would be assured of quality results on time.
  • Expert Insight: Our accounting firm in Sharjah is highly qualified and have a lot of experience in providing accounting and bookkeeping services in Dubai, UAE, which means that you can be assured of the fact that the work would be done with great accuracy, on time and also that you would have someone to advise you on matters of tax and finances, keeping you up to date with any changes with regards to the same.
  • Time Flexibility: As a business owner, you have a lot of work to do and a lot to oversee, which means you do not have a lot of time to spend on accounting and bookkeeping services in Sharjah, UAE which should not need a lot of your attention. Aviaan Accounting understands this, and thus offers you the possibility to schedule meetings when convenient for you, so that you can decide when and how you want your finances to be dealt with and can focus on other important work as well.

Other Reasons: Some other reasons why you should consider choosing Aviaan Accounting for accounting and bookkeeping services include professional accounting services with a skilled workforce, maximum accuracy and minimum errors, work done on time, comprehensive or in-depth reports which provide a clear idea of your company’s financial situation, etc.

Update on Accounting Firm in Dubai, Sharjah, Abu Dhabi, UAE

Finding a suitable accounting firm in Dubai could be a cumbersome task, especially the one that suits your needs, business models, and workings. With Aviaan Accounting, you will not face this problem, since we are flexible and professional enough to cater to your needs within your time and budget. In addition to that, we have experience in providing accounting and bookkeeping services in Sharjah, UAE to small, medium, and large-scale organizations in the UAE with the help of our trained and certified staff. 

We have a proven aptitude to work in a high-pressure and challenging working environment leveraging our time and task management skill. Aviaan accounting firm in Dubai has a knack for identifying loopholes in the processes and recommending ways to rectify them. It will be not wrong to say that we are a One-Stop Destination for accounting and bookkeeping services in Abu Dhabi, UAE, offering:

  • Company Accounting
  • Accounts Outsourcing 
  • On-demand reports availability ensuring full confidentiality
  • Expert Support and guidance on accounting services 
  • Virtual accounting and bookkeeping services in Dubai, UAE

Our accounting and bookkeeping services in Dubai, UAE are based on cost-management, cost reduction, and cost-control which always leads to a happy and satisfied customer. Aviaan accounting firm in Dubai serves its clients in a way that enhance its revenue, slash down its expenses, improve business processes, and boost operational effectiveness.

Accounting Services offered by Aviaan Accounting in Abu Dhabi, UAE 2021

Understanding that there are different kinds of companies operating in Dubai, each with its own requirements, Aviaan Accounting offers different types of accounting and bookkeeping services in Dubai, which are as follows:

Here is a list of the different best accounting and bookkeeping in Dubai, UAE services that Aviaan Accounting can help you with:

  • Preparation of accounts payable reports
  • Inventory
  • Trial Balance
  • Maintaining expense ledger
  • Credit card reconciliation services
  • Preparation of purchase reports
  • Balancing and reconciling books on a quarterly basis
  • Bookkeeping and accounting service on a day-to-day basis
  • General ledger
  • Bill of Materials
  • Producing management accounts on a quarterly basis
  • Project costing etc.

Zoho Books vs TallyPrime vs QuickBooks

Zoho Books TallyPrime QuickBooks
Price (Yearly)

(Exclusive of Tax)

Basic – AED 290

2 Users – Upto 50 contacts

Silver – AED 2340

1 User

Simple – USD 159

1 User

Standard – AED 690

3 Users – Upto 500 contacts

Gold – AED 7019

Unlimited Users

Essentials – USD 250

4 Users

Professional  – AED 990

10 Users – No Limit – Custom

Tally Server

AED 36,750

Plus – USD 340

6 Users

Desktop & Mobile Platforms Windows, Macintosh, IOS, and Android Windows Windows, Macintosh, IOS, and Android
Customer Support Phone, Email, Tickets, and Training Phone, Email, Live support, and Training Phone, Email, and Live support
Languages Supported Chinese, Dutch, English, French, German, Italian, Japanese, Portuguese, Slovenian, and Spanish Arabic, Bengali/Bangla, English, Gujarati, Hindi, Indonesian, Kannada, Malayalam, Marathi, Punjabi, Tamil, and Telugu English
Typical Customer Freelancer, Startups, and SMEs Startups, SMEs, Agencies, and Enterprises Freelancer, and Startups
 

The businesses in UAE are obligated to maintain the accounting and the book records. The bookkeeping in UAE necessitates the keeping of various financial reports and records. It includes a balance sheet, profit and loss statement, wages and salaries records, fixed asset reports, and records of the inventory statements after the relevant tax periods. The UAE government requires that all the taxable individuals in the country have to maintain a record of their accounts for at least the last five years from the end of the tax period.

What are the Technologies that can disrupt the Dubai accounting industry?

Accounting and bookkeeping in UAE are being intervened with by technological advances. Bookkeepers and Accountants in UAE are now moving towards the role of advisors. Big data analytics is an emerging range of technology that is making a profound impact. Bookkeepers track all the vital records, but there is a chance that certain discrepancies may occur and corrupt the data. It results in a situation where this disruption cannot be stopped in any way but only directed.

How can bookkeepers identify and prevent fraud in small businesses in Dubai?

Small businesses are more predisposed to fraud, as they have fewer resources and experience. Fraud can be understood readily by professional bookkeepers in UAE, although there are some instances when identification becomes onerous. The bookkeepers in such situations can discuss the subject with a fellow bookkeeper, client, or founder of the company. The practices that help bookkeepers in UAE trace frauds are studying monthly bank statements and payroll reports and avoiding any scam mails that offer services and surfing on insecure websites.

What are the year-end practices that every bookkeeping professional should follow in Dubai?

Professional bookkeepers in UAE have an inquiring mind and keep up with all updates, but some steps to be followed at the year-end. The year-end practices to be followed by a bookkeeper in Dubai include checklist creation, reconciliation with prior transactions, reviewing the invoices, and making new plans. Many such practices at the end of the year turn out to be advantageous for professional bookkeepers in UAE. It is vital to maintain good relations with clients and keep on improving themselves.

How to Keep Your Bookkeeping Cost Low in Dubai?

Bookkeeping in UAE refers to the orderly recording of every single one of the company’s commercial transactions. Bookkeepers in UAE are responsible for doing this on a reasonably regular basis. The cutting down on bookkeeping costs while still taking complete advantage of the service requires using an online service, defining the amount of work needed, and keeping transactions organized. The bookkeepers also need to keep systems updated, avoid spending needlessly, and segregate personal and business transactions. Business growth requires having someone professional record all financial transactions.

Is information safe with the bookkeeping service providers in Dubai?

Professional bookkeeping services in UAE employ confidentiality as a fundamental aspect of their services. Bookkeeping services in Dubai take all the necessary measures to protect and safeguard financial data. Bookkeeping service providers in Dubai practice many safeguards to ensure the safety and protection of classified information. It includes password protocols to keep data inaccessible to non-essential personnel, timely closing of books of accounts. It also needs a formal service agreement providing the terms of services, secure storage facilities, and checks and balances.

What are the ways of Accounting Automation in Dubai That Can Save A Lot of Time?

Accounting automation in UAE refers to using advanced technology and artificial intelligence to carry out accounting functions, such as keeping records, recording the data, computing, and preparing all the information with minimum to no errors. Accounting automation that can assist preserve time includes optical character recognition, employee field tracking, automatic invoices, preparation of instant expense reports, and automatic addition of expense data onto financial statements. Accounting automation saves a lot of time when it comes to entering and processing data, calculating, or analyzing, etc., besides making it much easier to detect fraud.

In the event that you have any doubts or queries regarding bookkeeping and accounting services Dubai, why you should consider hiring said services for your business, how Aviaan Accounting can help you or what are the services that we offer, you can always contact us by either calling us or writing us an email at info@aviaanaccounting.com or +971567952590, we will get back to you as soon as possible.

Accounting and Bookkeeping Services FAQs

Outsourcing accounting services have become a mainstream custom in the business world. Many business owners use it to handle all aspects of the financial department or utilize it for part-time work. Either way, by hiring an outsourced accounting firm, business owners don’t have to deal with the burdens and expenses of having in-house employees or doing it all on their own.

We take data confidentiality, copyright, and privacy seriously and ensure that any client-related information is not published, distributed, licensed, sold, or distributed to third-parties. We make our employees sign confidentiality agreements, service-level agreements, & non-disclosure agreements at the onset of every project to ensure the complete safety of our client’s data.

We accept payments through Cash, Credit Card, Cheques, and Wire transfers.

Xero, QuickBooks, Zoho Books, and Sage.

We have a highly skilled team of accountants, chartered accountants, and financial experts who can help clients with all their accounting needs.

Clients can either choose to outsource their bookkeeping entirely or just certain portions of it. Once requirements are forwarded, we will build a custom workflow and assign a team to work on their specific needs.

We will have one Certified Accountant assigned to each client. The accountant will work on accounts, understand individual processes, and be responsible for the day-to-day servicing of records.

Clients will maintain 100% control of all decisions. We provide the information and perform the specific task, but clients approve all invoices for payment and sign all cheques.

Reference

  1. International Federation of Accountants – https://www.ifac.org/
  2. Association of Chartered Certified Accountants – https://www.accaglobal.com/middle-east/en.html

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