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

UAE:+971 567952590, Oman:+968 9139 9710, KSA:+966 54 381 9283

info@aviaanaccounting.com

Bookkeeping

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

Outsourcing accounting and bookkeeping services 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 can provide accounting and booking services in Dubai or any other Emirate far better than an ordinary bookkeeper.

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.

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 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 Two is to Outsource accounting and bookkeeping services, of which the latter has various benefits.

What is online Bookkeeping services in Dubai, Abu Dhabi, Sharjah, UAE?

To facilitate business entities, online accounting and bookkeeping services are offered, in which all the records of data and transactions will be collected from a remote location. Online bookkeeping services 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 service.

What are Accounting and Bookkeeping services and their benefits?

Accounting 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 service, 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 are not involved in the process of thoroughly analyzing data and creating reports on the same. However, both accountants and bookkeepers 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 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
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, Sharjah, 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 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 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

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 accounting companies 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?

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 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, 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 Dubai is highly qualified and have a lot of experience in providing accounting and bookkeeping services, 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 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.

Accounting Firm in Dubai, Abu Dhabi, Sharjah, 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 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, offering:

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

Our accounting and bookkeeping services 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 and Bookkeeping Services offered by Aviaan Accounting

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:

Cloud-based or online accounting services
Accounting system training as well as startup
Onsite accounting service
Budgeting and forecasting
Accountant secondment

Here is a list of the different accounting and bookkeeping 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

What are the tips on maintaining books of accounts in Dubai?

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 +971502155301, we will get back to you as soon as possible.

Accounting and Bookkeeping Services FAQs

Why outsource accounting services?

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.

What security measures are in place?

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.

Reference

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