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Accounting and Bookkeeping Services in Dubai and UAE
Strategic advisers for excellence.
What we offer !
Streamline Your Business with Expert Accounting and Bookkeeping Services
Looking for top-notch accounting and bookkeeping services in Dubai? Look no further than Square International Auditing and Advisory! Our firm specialize in maintaining accurate financial records and managing business operations, ensuring compliance with government regulations.
In UAE, it’s mandatory for all businesses to maintain proper financial records with IFRS standards, and our services cater to companies of all sizes. Whether you’re a small startup or a large corporation, we’ve got you covered.
At SIAA, we pride ourselves on offering the finest accounting services that uphold quality standards.Our comprehensive suite of services includes Accounting and Bookkeeping, Monthly Book Finalization, MIS Reporting, Backlog Accounting Services, and more.Our expert accountants follow the International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles (GAAP), ensuring meticulous bookkeeping and accounting solutions.
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The Importance of Accounting & Bookkeeping Services
Running a successful business requires a clear understanding of its financial health. This is where accounting and bookkeeping come in, working together to provide a comprehensive picture of your company’s financial standing. Bookkeeping meticulously records all your income and expenses, while accounting takes that data and analyzes it to generate insightful reports. These reports, such as balance sheets and profit/loss statements, are crucial for informed decision-making by management. They reveal how your money is moving, allowing you to identify areas for improvement and make strategic financial choices.
In UAE specifically, government regulations mandate proper record-keeping, making strong accounting and bookkeeping practices essential for businesses of all sizes. By outsourcing these tasks to experienced professionals, you can ensure accurate financial data, streamlined record-keeping, and valuable insights – all of which contribute to a healthier and more efficient business.
Top Accounting and Bookkeeping Services in Dubai UAE
Ensure the Smooth Operation of Your Business with Expert Accounting and Bookkeeping Services in Dubai UAE.
Accounting and bookkeeping services play a pivotal role in maintaining the daily financial records and transactional details of any business, encompassing sales, payments, and receipts. With over a decade of experience, Square International Auditing & Advisory offers a comprehensive suite of accounting services in Dubai tailored to meet the diverse needs of start-ups, small and medium-sized enterprises, as well as established businesses.
Our seasoned team provides you with access to experienced bookkeepers and accounting experts without the need for permanent hires on your payroll.
As an IFRS certified firm, we adhere to global accounting standards, serving businesses worldwide with utmost professionalism. We prioritize delivering top-notch accounting and bookkeeping solutions in Dubai and UAE. With meticulous attention to detail, we ensure that every financial decision is made with your best interests at heart. Count on us to serve as your financial advisor, tax planner, and trusted guide on your journey to success.
Outsourced Accounting Services :Streamlined Accounting Solutions for Your UAE Business
Unburden yourself from complex financial tasks with our comprehensive outsourced accounting services in the UAE. Our team of dedicated accounting specialists is available around the clock to ensure your books are meticulously balanced and error-free.
Focus on what matters most – growing your business. We handle everything from routine tasks like bank reconciliation and invoicing to strategic cash flow management and year-end reporting. We seamlessly integrate with your existing systems, so you can simply review and approve our work with confidence.
Benefits of Outsourced Accounting in the UAE
For small businesses in the UAE, establishing an in-house accounting department can be a significant cost burden. Hiring a full-time accountant requires not only salary and benefits, but also visa sponsorship and software integration.
Outsourced accounting services offer a cost-effective alternative. You gain access to a team of experienced professionals without the overhead expenses associated with a traditional accounting department.
At Square International Auditing & Advisory, our team comprises skilled and certified accountants with extensive expertise in maintaining and recording organizations’ books of accounts on a weekly, monthly, quarterly, or yearly basis. We offer a range of reports tailored to clients’ preferences, from day-to-day bookkeeping to financial forecasting, in formats they require.
Our services are customized to address your specific needs and challenges, providing assistance where businesses encounter accounting difficulties. The scope of our accounting and bookkeeping services aims to focus on delivering optimal accounting solutions for you. They Include:
- Daily or weekly accounting entries
- Debtors and creditors statements
- Debit & Credit Adjustments
- Accounts Receivable
- Depreciation & Fixed Assets
- Payroll Accounting
- Accounting of Petty Cash
- Sales & Revenue Posting
- Payments Posting
- Journal Entries
- Balance Sheet
- Trial Balance Reporting
- Profit and Loss Accounting
- Accounts Payable Reporting
- Bank Reconciliation
- Admin & General Expenses
- VAT Accounting
- Posting of Material Issued
- Purchase Invoices Posting
- Receipts Posting
- Posting of Journal Entries
- Cash Flow Statement
Basic Plan
AED 3000
/Quarter
- 0-150 Transactions
- Monthly Accounting & Bookkeeping
- MIS Reporting
- Quarterly Vat Filing
- Financial Audit
*Terms and Conditions Apply.
Standard Plan
AED 3800
/Quarter
- 150-300 Transactions
- Monthly Accounting & Bookkeeping
- MIS Reporting
- Quarterly Vat Filing
- Financial Audit
*Terms and Conditions Apply.
Premium Plan
AED 6000
/Quarter
- 300-500 Transactions
- Monthly Accounting & Bookkeeping
- MIS Reporting
- Quarterly Vat Filing
- Financial Audit
*Terms and Conditions Apply.
Basic Plan
USD 1000
/Quarter
- 100 Monthly Transactions
- Monthly Accounting Reports
- Transactions Recording
- -
- Quarterly VAT Return Filing
- Annually Financial Audit Report
- -
*Terms and Conditions Apply.
Standard Plan
USD 1500
/Quarter
- 250 Monthly Transactions
- Monthly Accounting Reports
- Transactions Recording
- Quarterly Management Reports
- Quarterly VAT Return Filing
- Annually Financial Audit Report
- -
*Terms and Conditions Apply.
Premium Plan
USD 2300
/Quarter
- 500 Monthly Transactions
- Monthly Accounting Reports
- Transactions Recording
- Quarterly Management Reports
- Quarterly VAT Return Filing
- Annually Financial Audit Report
- Dedicated Account Manager
*Terms and Conditions Apply.
"The Golden Rule of Our Company Is, Putting Ourselves in the Customers Place to Get The best solution"
We are here to leverage talent, improve productivity & reduce work cycle.
By choosing us as your bookkeeping partner, you avail paper free accounting services in Dubai professionally delivered with utmost security and confidentiality in the shortest turnaround time.
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Why Choose SIAA's Accounting and Bookkeeping Services?
Handling your company’s financial matters is a crucial aspect of running a successful business. Whether you’re a startup, a small business, or a well-established corporation, here are some compelling reasons why professional accounting services can make a significant difference:
- Compliance and Accuracy: We ensure your financial records comply with UAE regulations, including mandatory recordkeeping requirements.
- Expertise: Our team of experienced professionals possesses a deep understanding of financial practices, tax regulations, and industry-specific nuances. We stay updated with the latest changes, ensuring compliance and accuracy in your financial records.
- Time Efficiency: Outsourcing your accounting tasks to us allows you to focus on your core business activities, saving time and resources while boosting productivity.
- Financial Clarity: Gain valuable insights with accurate and well-maintained financial reports prepared using best practices like IFRS and GAAP.
- Accuracy: Precise financial records are crucial for informed decision-making. We ensure your books are accurate, minimizing the risk of costly errors and discrepancies.
- Compliance: Staying compliant with tax laws and financial regulations is essential. Our services are designed to keep your business in good standing with the authorities.
- Strategic Insights: Beyond basic bookkeeping, our services provide valuable insights and financial analysis to guide your business strategies and decision-making.
- Growth-Oriented Solutions: Our accounting and bookkeeping services provide a solid foundation for informed decision-making, propelling your business towards higher sales and growth
Accounting vs Bookkeeping | What is the Difference?
Our accounting and bookkeeping services extend beyond simple transaction recording. We offer comprehensive financial analysis and reporting, empowering you to make well-informed decisions about your organization’s financial well-being. With monthly books finalization, we ensure that your financial records are accurate and current, providing a clear insight into your business’s performance.
Accounting and bookkeeping are essential pillars of effective financial management for any business. They play a crucial role in organizing an organization’s financial affairs, enabling informed decision-making, and ensuring compliance with regulatory requirements. Let’s explore these fundamental aspects of finance together.
Accounting Services in Dubai, UAE
Accounting services are fundamental for effective financial management in any business setting. They are essential for ensuring that your organization’s financial matters are well-organized, aiding informed decision-making, and ensuring compliance with regulatory standards.
Accounting involves the systematic recording of financial transactions related to your business operations. This process encompasses summarizing, analyzing, and reporting these transactions to relevant oversight agencies, regulators, and tax authorities. Financial statements, a key output of the accounting process, provide a concise overview of your company’s financial activities, including its operations, financial position, and cash flows.
With our accounting services in Dubai, UAE, we go beyond mere transaction recording. We provide comprehensive support, including financial analysis and reporting, enabling you to make informed decisions regarding your business’s financial health. Our services also ensure compliance with regulatory requirements and facilitate efficient communication with oversight agencies and tax authorities.
In essence, accounting serves as the language of business, allowing you to communicate your financial position and performance effectively. By leveraging our accounting services, you can ensure that your business’s financial affairs are well-managed, enabling you to focus on strategic decision-making and achieving your organizational goals. Let us assist you in navigating these fundamental aspects of finance for the success of your business in Dubai, UAE.
Bookkeeping Service in Dubai, UAE
Bookkeeping is a systematic and detailed process of recording financial transactions, serving as the foundation of accounting. It provides the essential raw data that accountants rely on to generate financial reports.
Our bookkeeping service in Dubai, UAE involves meticulously recording a company’s financial transactions on a regular basis. With our support, businesses can track all pertinent information in their books, enabling them to make informed decisions regarding operations, investments, and financing.
By leveraging our bookkeeping service, businesses in Dubai can ensure that their financial records are accurately maintained and up-to-date. This enables them to effectively manage their finances and make strategic decisions to drive growth and success. Let us assist you in laying a solid foundation for your accounting needs in Dubai, UAE.
Benefits of Accounting and Bookkeeping Services in Dubai, UAE
- Financial Record Keeping: Our accounting and bookkeeping services in Dubai, UAE are essential for maintaining accurate and organized financial records. We track income, expenses, assets, liabilities, and equity, crucial for internal management, tax compliance, and external reporting.
- Decision-Making: Our services enable business owners and managers to make informed decisions by analyzing financial statements like balance sheets, income statements, and cash flow statements. This assessment helps in strategizing for growth, cost reduction, or investment.
- Tax Compliance: With our professional accounting and bookkeeping services, companies in Dubai can accurately calculate and report taxes, minimizing the risk of penalties, fines, or audits.
- Investor and Creditor Confidence: Businesses seeking financing from investors or creditors rely on our financial statements to demonstrate stability and performance, fostering confidence and informed decision-making among investors and lenders.
- Business Valuation: Our accounting records aid in determining business value, critical for selling the business, securing funding, or mergers and acquisitions, providing investors and buyers with accurate financial insights.
- Budgeting and Planning: We assist in creating budgets and financial forecasts, supporting goal-setting, resource allocation, and performance monitoring against these plans.
- Performance Evaluation: Our accounting information helps assess financial performance over time, measuring profitability, efficiency, and productivity, and identifying areas for improvement.
- Legal and Regulatory Compliance: We ensure businesses in Dubai comply with financial reporting laws and regulations, mitigating the risk of legal issues and penalties.
- Audit Preparation: Well-maintained accounting records simplify the audit process for tax authorities, investors, or regulatory bodies, reducing the likelihood of unfavorable findings.
- Transparency and Accountability: Our sound accounting practices promote transparency and accountability within organizations, building trust among employees, shareholders, and stakeholders.
- Cash Management: Accurate bookkeeping assists in effective cash flow management, ensuring businesses have enough cash to cover expenses, pay debts, and invest in growth opportunities.
In essence, our accounting and bookkeeping services in Dubai play a vital role in managing finances, facilitating informed decision-making, and meeting financial obligations. We provide a foundation for financial transparency, stability, and success in the short and long term.
Accounting Services for Small Business in Dubai
Managing the finances of a small business in Dubai can be complex, but it doesn’t have to be overwhelming. Square International offers comprehensive accounting and bookkeeping services designed to streamline your financial operations and provide you with the clarity you need to focus on growth. Our team of experienced professionals understands the unique regulatory environment and financial requirements of Dubai businesses, and we are here to provide you with the financial guidance and support you need to succeed.
MIS Reporting
Backlog Accounting
MIS Reporting
MIS reporting plays a vital role in modern organizations by providing the data and information necessary for effective decision-making, performance evaluation, strategic planning, and overall business management. It enhances transparency, accountability, and the ability to adapt to an ever-changing business environment.
MIS reports, or Management Information System reports, play a vital role in evaluating the day-to-day operations of a business. These reports offer valuable insights that aid in decision-making and performance evaluation. By collecting data from various sources, both digital and human, MIS reports cover different departments within a company, serving as a valuable tool for identifying issues, bottlenecks, and opportunities.
Understanding MIS reports is particularly important for small business owners as they record crucial business dealings. The content of these reports may vary depending on the specific needs of a business. Some common types of MIS reports include financial reports, sales reports, inventory reports, production reports, and customer service reports.
Financial reports provide an overview of a company’s financial health, including revenue, expenses, and profits. Sales reports track sales performance, including sales volume, revenue, and customer demographics. Inventory reports provide information on the stock levels of a business, including the quantity and value of goods on hand. Production reports track the efficiency and productivity of a company’s manufacturing processes. Customer service reports provide insights into customer satisfaction levels and help identify areas for improvement.
MIS reports are typically generated on a regular basis, such as daily, weekly, or monthly, and are often presented in a visual format, such as graphs, charts, and tables. This visual representation makes it easier for managers to quickly identify trends and patterns in the data, enabling them to make informed decisions based on the insights provided.
In addition to offering insights into day-to-day operations, MIS reports can also be used to track progress towards long-term goals and objectives. By regularly reviewing and analyzing MIS reports, businesses can identify areas for improvement and make data-driven decisions to optimize their operations and achieve their strategic objectives. Overall, MIS reports are a critical tool for businesses of all sizes. They provide valuable insights into operations, helping businesses make informed decisions to drive growth and success.
We provide customized MIS reports that give you insights into key financial metrics and help you monitor the progress of your business. These reports are tailored to your specific needs and provide valuable information for strategic planning and decision-making.
We provide insights on various business parameters like production, sales, inventory, procurement, human resources, financials, etc. Thus, these reports become the basis for decision-making. The reporting structure varies from organization to organization, and different reporting methods or software tools can be used to generate MIS reports.
Backlog Accounting
Backlog accounting is a method used to account for revenue and expenses associated with a backlog or unfulfilled orders in a business. A backlog occurs when a business receives orders or projects that cannot be completed or delivered immediately due to resource constraints or other reasons. Backlog accounting allows companies to recognize revenue and expenses associated with the backlog over a period of time, typically when the goods or services are delivered or completed.
This method helps businesses accurately track and report their financial performance by matching revenue and expenses to the period in which they are earned or incurred. Backlog accounting can be beneficial for businesses with long sales cycles or projects that span multiple reporting periods, as it provides more accurate visibility into the financial health of the company. It also helps in managing cash flow and resource allocation by properly accounting for revenue and expenses.
We understand that maintaining accurate and up-to-date financial records can be challenging, especially for growing businesses. Our team can help you organize and reconcile your backlog of transactions, ensuring that your financial records are complete and accurate.
Unleash Your Business Success with Square International Auditing & Advisory's Accounting and Bookkeeping Services in Dubai, UAE
Engaging the accounting and audit services offered by Square International Auditing & Advisory LLC in Dubai, UAE is paramount for businesses seeking invaluable advantages. Here are several pivotal factors to consider when procuring accounting and audit services from us:
- Expertise and Experience: Our proficient team of accountants and financial experts in Dubai possesses extensive knowledge and expertise in accounting, tax laws, and financial management, ensuring precise and compliant financial practices.
- Time and Resource Efficiency: Outsourcing accounting and audit services to SIAA in Dubai allows businesses to redirect resources to core activities, enhancing efficiency and productivity.
- Financial Accuracy: SIAA’s services guarantee accuracy in financial record-keeping, crucial for informed decision-making and error prevention.
- Tax Compliance: SIAA’s accounting professionals in Dubai stay updated with complex and ever-changing tax laws, ensuring compliance and reducing the risk of penalties and fines.
- Strategic Insights: SIAA offers valuable financial analysis to guide business strategies, budgeting, and decision-making for informed and profitable choices.
- Customized Services: Tailored accounting and audit services are available to meet the specific needs of businesses in Dubai, whether it’s bookkeeping, tax planning, financial statements, payroll services, or more.
- Auditing and Assurance: SIAA’s auditing services enhance the credibility of financial statements, instilling trust in stakeholders and potential investors.
- Business Consulting: Our financial experts provide strategic business consulting in Dubai to navigate challenges, identify growth opportunities, and optimize financial performance.
- Peace of Mind: Engaging SIAA’s services provides business owners in Dubai with peace of mind, allowing them to focus on core operations with confidence in their financial affairs.
- Cost Savings: Outsourcing accounting and audit services from SIAA proves more cost-effective than maintaining an in-house accounting department, especially for small and medium-sized businesses in Dubai, UAE.
At SIAA , we prioritize timeliness and efficiency, ensuring that financial reports are filed and received by all relevant parties on time. We understand the importance of meeting deadlines and strive to deliver our services in a timely manner to businesses in Dubai, UAE.
Contact SIAA today to discuss how our accounting and bookkeeping services can benefit your business.
Get in touch.
We would love to talk to you about any new projects you may have or any of the services that we offer. Let us build something great together.