Blog

Top Accounting and Bookkeeping firms in Oman

Accounting, BookKeeping
Top Accounting and Bookkeeping firms in Oman

Aviaan Accounting is the leading auditing, bookkeeping, and consultancy firm in the UAE with a specialized workforce of certified accountants and trained staff in the field of taxation, auditing, business advisory, and document attestation services. We value integrity and honesty in our work and believe in building a sustainable relationship with our clients based on mutual benefit. We offer personalized accounting and bookkeeping services to organizations in accordance with the size, needs, nature, and business structure.

Our experts can manage all kinds of conflicts, identify bottlenecks, and suggest ways to improve the quality of business operations. Aviaan accounting renders professional services to a wide spectrum of clients that range from large companies to SMEs from diverse industry sectors.

Why Need Accounting and Bookkeeping Service in Oman?

A business entity comes into existence with one of the primary motives of earning profit while reducing operating costs. A number of financial and accounting transactions get initiated from the very first day which reflects cash inflow/outflow, variable/fixed expenses required to enter the operations, and a list of creditors/debtors. These transactions are to be recorded in accordance with rules and regulations set by the Oman government and tax authority. In case of non-compliance, companies might face severe penalties. Thus, hiring a certified accounting and bookkeeping provider in Oman will serve the purpose of overseeing all business matters.

Accounting and Bookkeeping Framework in Oman

Bookkeeping is the process of managing the records of individual transactions, whereas accounting focuses on analyzing and classifying these transactions. In Oman, the overall accounting framework is looked at by the Omani Government body OACPA, the Association of Chartered Accountants of Oman (OACPA) was established in 2016.

All companies after incorporation must get registered with the tax authorities and failure to do so will result in a penalty to be borne by the entity. In Oman, corporate tax is subject to 15% and micro-business are liable to pay corporate tax at a rate of 3%, which is to be registered at the Ministry of Finance in Oman. Moreover, Oman also has withholding taxes on dividend payments, interest payments, payments for technical services. To consider all these taxes, laws, and regulations is essential, however not all companies have the required expertise so they hire professional accounting and bookkeeping services in Oman.

Benefits of Accounting and Bookkeeping Services in Oman

Accounting and bookkeeping from a certified firm in Oman will facilitate the companies in the following ways:

  • Record and update inflow and outflow of cash
  • Manage account recordings to minimize financial issues and crisis
  • The support decision-making process regarding company purchases and expansion
  • The financial stability of the company receives highlighted
  • Budget development and management

Aviaan Accounting; Leading Accounting Bookkeeping Firm in Oman

Maintaining, updating, recording, and managing the accounting books is a complex process but opting for a consultant or audit firm specialized in accounting and bookkeeping service in Oman can ease the process. We are here to help you in preparing your book of accounts, reviewing your financial transactions, and identifying any inconsistencies in accounts. We understand the integrity and essential role that accounting and bookkeeping play while establishing a business. Our bookkeeping and accounting services in Oman include:

  • Spearheading Bookkeeping and financial accounting
  • Managing Payroll and personnel administration
  • Reviewing Audit reports, cash-flow forecasting, and bank reconciliation
  • Monitoring Corporate secretarial services
  • Conducting Company performance reviews
  • Performing Compilation of financial statements
  • Development of international tax structure

Feel free to contact us at info@aviaanaccounting.com to discuss your business accounting and bookkeeping matters. We are pleased to help you with high quality, efficient and timely service.

How Aviaan Accounting can help with Accounting Studies

Aviaan Accounting can provide comprehensive assistance with accounting studies through its expertise, resources, and services. Here are some ways in which Aviaan Accounting can help with accounting studies:

1. Academic Support: Aviaan Accounting can offer tutoring and academic support for students pursuing accounting degrees or certifications. Their experienced professionals can help students understand complex accounting concepts, principles, and practices, ensuring a solid foundation in the subject matter.

2. Practical Training: In addition to theoretical knowledge, Aviaan Accounting can provide practical training opportunities for students. This may include internships, co-op programs, or hands-on projects, allowing students to gain real-world experience in accounting and apply their knowledge in a professional setting.

3. Access to Industry-Standard Software: Aviaan Accounting likely utilizes industry-standard accounting software and tools. By partnering with Aviaan Accounting, students can gain exposure to and training on these software programs, which will be valuable for their future careers.

4. Case Studies and Research Materials: Aviaan Accounting may have access to a wealth of case studies, research materials, and industry reports that can supplement accounting studies. These resources can provide students with practical examples and insights into various accounting scenarios and challenges.

5. Guest Lectures and Workshops: Aviaan Accounting professionals can be invited to deliver guest lectures, seminars, or workshops at educational institutions. These events can provide students with valuable insights into real-world accounting practices, emerging trends, and career opportunities in the field.

6. Networking Opportunities: By collaborating with Aviaan Accounting, students may have opportunities to network with professionals in the accounting industry. This can lead to valuable connections, mentorship, and potential job prospects upon graduation.

7. Curriculum Advisory: Aviaan Accounting professionals can work with educational institutions to provide feedback and recommendations on accounting curricula. Their industry expertise can help ensure that accounting programs remain relevant and aligned with current industry practices and standards.

Related Articles:

Which are the Ways to Grow your Business with Accounting in Dubai and Abu Dhabi?

Tips to Select the Right Bookkeeping Software for Your Businessin Dubai

How Bookkeeping Services Benefit Your Business in Dubai?

What are the Things to Check Before Outsourcing Your Bookkeeping in Dubai?

What are the Benefits of Professional Bookkeeping for Your Business in Dubai?

How small businesses in Dubai can benefit from bookkeeping services?

Is information safe with the bookkeeping service providers in Dubai?