- January 14, 2016
- Posted by: Aswani
- Category: Blog
To avail accounting services in Dubai is pretty logical for all those business owners who have plans to expand their businesses. This helps in effective management of financial assets of your company. All the companies often have to face bigger challenges in terms of additional staff, expansion and geographical restrictions so as to stay competitive in the global arena, and especially family-owned companies which fail to maintain and track their financial performance that is essential as it is considered to be the lifeblood of every company.
Mentioned below are the Accounting Services for Small and Medium sized Companies:
Bookkeeping Services: It is one of the most basic and general accounting services. It is usually performed by the junior accountants and they provide services such as bank reconciliations, accounts payable, accounts receivables, ledger entries, payroll, monthly taxes, and financial statements. This service is mostly meant for documentation and taxation jobs so as to serve small to medium-sized businesses.
Auditing services: This is an accounting service and involves a complete check of the firm’s financial health. Its services include government auditing and internal auditing. There are a few organizations that offer forensic accounting services. Such services work towards tracking missing funds, embezzlement, fraud and even tax evasion.
Tax accounting firms: Such firms are also important for all those businesses which want to make sure that their organization complies in regards to tax with the government prerequisites. Such a specialized service helps organizations to figure the real estate tax or corporate tax and also helps businesses to submit their tax information to the government.
Outsourcing accounting services: This is one of the most popular types of accounting services. This service is totally new in the market and is considered to be the best of its kind, since one can outsource these, and no sooner when the job is done, you can terminate them easily. This service is best and ideal for all those firms which can’t afford to have a regular accounting organization to handle their financial assets or want to measure the capabilities of the accounting firm.
Vitta Financial Analysis & Consultancy LLC Management Consultancy in Dubai
It is one such firm that provides accounting services in Dubai with the help of seasoned accounting professionals. It is committed to provide quality service to its customers and is ready to assist them at any time. This consultancy firm offers a wide range of comprehensive services to its customers based in UAE. It helps in undertaking all the accounting services and deals with all your routine accounts functions including business advisory, as given below:
Accounting/Book keeping
Accounts payable outsourcing
Month end financials
Consolidation of accounts
Verification, compilation and maintenance of property & equipment
Expense processing
Inventory verification and valuation
Forecasting & projections