The Best Accounting Services In Dubai At Nlptech
Best accounting services in Dubai for SMEs
The importance of accounting services in Dubai has increased significantly with the introduction of VAT in early 2018 and the subsequent introduction of new laws and regulations, especially in the business sector. In addition, some UAE Free Zones require companies to submit audited financial statements through accounting service providers. Under these laws, proper bookkeeping and accounting are essential for businesses, and this is particularly important for SMEs.
Accounting services in Dubai
Accounting service providers in the United Arab Emirates offer a wide range of accounting services. Accounting services are professional Accounting Services In Dubai that involve recording, classifying, and summarizing transactions, ultimately leading to the preparation of financial statements.
The following is a list of the main accounting services
Accounting
Reconciliation of accounts
Financial reporting
Accounting software
Accounting software International Financial Reporting Standards (IFRS)
Accounting outsourcing in Dubai, Abu Dhabi, United Arab Emirates
BESTAXCA’s virtual accountants provide on-site and off-site accounting services. The scope of each accounting assignment depends on the scale of the requirements and the level of cooperation agreed with the client. Most of the accounting services for SMEs are provided off-site, with the accountant typically visiting the site a few times a month and the rest of the work being done online.
Like most accounting firms in Dubai, we encourage our clients to use cloud-based online accounting services. We support all accounting applications but prefer QuickBooks Online, Xero, Zoho Books, Wave, and Sage. We provide each client with adequate resources and controls to ensure the quality of our work.
Outsourcing agreements between us and our clients can be of the following types
- Complete outsourcing of accounting and bookkeeping.
In this case, you have access to the accounting software and we enter and process all transactions. We provide bank statements, cash books, and other supporting documents such as purchase and sales invoices and expense claims. Our clients have access to our accounting and bookkeeping services, our accounting software, and all our accounting and bookkeeping tools. Regular and ad hoc reports are provided to the client on a contract basis. In these cases, we are responsible as auditors for all client accounts.
- General accounting in Dubai
Both the client and we have access to the accounting software. The client performs some of the tasks such as invoicing, checking payments, managing payroll and uploading documents such as receipts and invoices to the accounting software. This may also include setting up new customers and suppliers, creating new spreadsheets, and writing cheques.
Our work involves checking customer invoices, checking accounting entries and reconciliations, processing outstanding invoices, reconciling invoices and payments and receivables, processing VAT returns, reconciling all bank accounts, and dealing with other complex accounting issues such as fixed assets, stock, and finance; 2. Preparing and sending regular reports to customers.
- optional support for accounting software.
Although the client manages the accounting software, certain tasks and transactions require our accounting services, such as VAT returns, accounting advice, handling complex accounting issues, and adjusting accounting statements.
Our client-focused accounting services are provided and supervised by accountants who have worked in the big four accounting firms and are equipped to handle any query. Our accounting services provide significant cost and time savings while maintaining high service quality. As accountants, we are responsible for the reliability and accuracy of the financial statements we prepare.
Why choose BESTAXCA Virtual Accountants?
BESTAXCA Virtual Accountants, with its team of professional accountants, offers a wide range of first-class accounting services, from the initial installation of accounting software to daily bookkeeping, regular financial reporting, and analysis, bookkeeping, tax planning, and consulting. We work with companies from a wide range of industries.
You can focus on more important things while we take care of your company’s accounting.