Accounting & Bookkeeping services in the UAE – Keep track of finances and is integral to make strategic decisions for any company, be it a start-up or an established company. Bookkeeping services is the process of keeping records of financial transactions and preparing financial statements, like Balance sheet and Profit & Loss Statement. Accounting & Bookkeeping Services in the UAE are the stepping stones to an organization’s success.
With the introduction of various laws, maintaining the books of accounts has become a mandatory compliance requirement apart from tracking the receivables and payable accounts.
Osol Al Khebra Group has qualified Accountants with experience in different industries. Our Accounting & Bookkeeping Services in the UAE will assure for financial records that comply with the law and strategic financial advice, helping your business grow to greater heights. We understand that each business is different, and the financial requirements vary accordingly.
The UAE Commercial Company Law 2015, Federal Decree-Law of 2017 on VAT and ESR in the UAE are some of the laws requiring mandatory maintenance of books of accounts in the UAE. Accounting & Financial Reporting will help the investors to understand the financial position of a company, analyze the investment opportunities, and reduce the expenses that are not vital to the business.
Regular Accounting Services:
The daily transactions of the company are recorded in the accounting software on a periodic basis and reports are generated on a monthly/ quarterly basis, followed by financial analysis with the management.
Weekly or Monthly Visits:
Our associate will visit the clients’ office at the end of every month or the beginning of the next month and update the company transactions, which include recording the purchases, sales, receipts, payments, and other business transactions, identifying transactions on an accrual basis, and ensuring transactions and documentation comply with the UAE VAT Law.
Accounts Reconciliation Services:
Our accounting experts support the clients for reconciliation of their bank, customers’ ledger, suppliers’ ledger, inter-company, or any other statements/ledger. We provide accounts reconciliation services in the UAE to small and medium-sized companies, corporate etc. Our accounts reconciliation services in the UAE include the following:
Fixed Assets are the investments made by a Company in a tangible form, which is used for its operations to generate revenue. In manufacturing companies, fixed assets like machinery, plant, and equipment can be considered as the strength of the company. Fixed assets, being the value, call for proper internal controls to be in place to ensure that assets are maintained and used in the best possible way.
The following controls will have to be kept in place to ensure that there is no loss on account of assets:
Our team ensures that the capital work in progress is transferred to the relevant asset head on completion, expenses are classified and allocated appropriately, and the total value of the asset will be re computed ensuring that the accurate value of an asset is reflected in the books.
Our team visits your premises and conducts verification of fixed assets, ensuring that the assets reflected in the books are existing in the company’s premises/ custody. We will also assess the control and procedures in place, compare it with best business practices, conduct a gap analysis and provide a report on changes to be incorporated.
Inventory Auditing:
Inventory Auditing is the process of validating inventory record with the physical inventories. It means verification of inventory and the evaluation of methods used according to the accepted accounting principles/ policies.
Why Inventory Management:
Our Responsibility in Inventory Verification Services in UAE:
Inventory Verification Service in the UAE is provided by Osol Group by conducting verification of inventory with proper planning and expertise, thus validating the existence and location of the various inventory possessed by a company.
Schedule your complimentary consultation with us today and begin your journey towards finding solutions and achieving your goals.
Osol Alkhebra Is Your Central Destination For Comprehensive Management Consulting, Accounting, And Auditing Services In UAE. Offering Everything From Advisory Services To Tax Auditing, We Provide A Diverse Range Of Services To A Broad Clientele.
© 2024 – Osol Alkhebra. All Rights Reserved, Designed and Developed By NXP Technologies L.L.C
