Saves Time: Handing over the work of Accounting & Bookkeeping to a qualified professional allows the Investor to save their precious time and they can focus on the key area of business development. This becomes very crucial when the business is managed by a small team of professionals.
Cost Effective: By hiring qualified professional, who works part time basis, the Investor can save money on a full time employee as well as the other expenses like visa costs, leave salary, Air Ticket, End of Service benefits etc. In addition to this the Accountants are supervised by an Accounts Manager. The monthly MIS Reports are prepared by another Accounts Professional after the initial reviewing. Hence the total cost is very less for the customer.
Professionals: When Accounting & Bookkeeping services are outsourced, the Customer is getting the service from qualified and experienced professionals in the field. The professional Accountant is well versed with the accounting as well as in any complicated accounting entries. Hence the customer gets quality and timely completion of the work.
Scalability: When the Accounting & Bookkeeping services are outsourced the Customer is provided with more chances of scalability. As per demand for the Accounting increase, you can make changes in the work and similarly when the volume of work is reduced the payment option with us can also be negotiated and the related service charge could be reduced so that the company can save money.
Industry Experts: While outsourcing the Accounting & bookkeeping services the business does not have to bother about spending on expensive ERP for generating the report. We always suggest our client’s to start with basic Integrated Accounting software which can manage the following documents.
- Purchase Order
- Sales Order
- Purchase Invoice
- Sales Invoice
- Inventory
- Bill of Materials
- Project Costing
- General Ledger
- Accounts Receivable
- Accounts Payable
- Pay Roll
- Fixed Assets
- Trial Balance
- Profit & Loss Account
- Balance Sheet
OUR WORK FLOW:
Based on our experience, once we understand the business process of any business whether small, medium or large we can allocate time for every work as per the standard and hence our rates are based on the efficiency and effectiveness and our team will not waste time in the customer place.
The customer will be benefited as we fix the time based on the volume of work and not based on the time we spent. We also have spent our time and effort in developing the software tool to monitor the tasks based on each and every customer projects so that every stage is monitored by the line Manager. Our dedicated manager will manage the work of every customer on daily basis.
a) On taking up the job we will conduct a system study (irrespective of small, medium or large business and understand the existing process of the business and also the documents flow. We immediately discuss with the management what all the weak areas and what all the changes required in the process and implement the procedures, controls after their approval and monitor the same periodically. The system study is free of cost
b) On signing the Agreement we depute one of our Accountants for your company and our Accountant will work on an hourly/daily/weekly/monthly basis as per the time allocated. In case if the work is not completed during the allocated time, we work extra hours till the work is completed and we will not charge for the extra hours. One Accounts Manager and 2 Accountants will be allocated to one company for contingencies and continuity.
c) Once the Accountant is completed the data entry, reconciliation etc., we will start the MIS Reporting work on 8th of every month and give you the monthly MIS reports on 15th of every month.
Every business requires reliable, accurate and timely financial analytical information to monitor its performance so that the management can take timely actions and decisions. Our experienced & qualified professional accountants understand the importance so they work towards achieving these goals of our clients. Our TEAM is aware that Our success is directly proportional to the success of our clients
Fast : The right size company to respond quickly to your changing requirements
Flexible : Customised Accounting solutions created from best-demonstrated practices across multiple disciplines in Auditing, Management Accounting & Bookkeeping.
Focused : Your business success is our primary focus.
Cost Effective : You can expand into new markets quickly and efficiently without large capital investments and continuity of Service even if an employee is on vacation
Knowledgeable : All our employees are professional Accountants and their experiences Combined with our specialized Training program, results to join in a team that can assist every business as it grows.
Experienced : A cohesive team, which has worked together for over twenty-five years
Reliable : Dedicated to providing consistent high quality & error-free services.
Benefits to the Clients :
- Chances of fraud and error are minimized to the maximum extent
- Proper accounting standards in place
- Safeguarding of Assets, complete track of fixed assets and current assets including random stock counts, physical Cash count etc.
- Timely reporting for company operations
- Improved standards and procedures from filling till the finalization of accounts
- A true picture of company’s position is report to the stakeholders
- Key ideas help company to perform their operations in a smarter way (less input and more output)
- Clear picture to each and every department and employee regarding their duties and objectives
- Our reports help management to take the important decisions
- Organized and up to date accounts
- Schedules help to pay the dues on time and avoid any fines and penalties
- Control of payments to vendors and collection from customers
- Partnering with us reduces stress, protects cash flow, eliminates administrative hassles, and enables business people to find the success they originally set out to achieve….
The professional Accounting & Bookkeeping services in Dubai:
The Accounting & Bookkeeping services in Dubai are mainly done with the supervision of Chartered Accountants or CPAs. The Accounting & Bookkeeping charges may vary depending on the nature of the work and also based on the number of documents starting from AED 1,000/- per month. The contract may be made on the basis of hourly rate or the completion of the entire accounting work or monthly basis or quarterly or yearly basis.
Accounting & Bookkeeping services are provided by leading accounting firms in Dubai.
Algebraa Bookkeeping provides the Accounting & Bookkeeping services to the SME and Corporates in UAE.
About Author
ARUN
Greetings…
I am Arun, a distinguished Cost Accounting and MBA professional with an illustrious career spanning over four decades. With an unwavering dedication to the realm of finance, I have accumulated over 44 years of unparalleled experience in various facets of accounting, bookkeeping, management accounting, and auditing.
My journey has been one of continuous growth and innovation, marked by a remarkable track record of accomplishments and a deep commitment to excellence. Throughout my career, I have seamlessly navigated the complexities of financial landscapes, meticulously analyzing data to provide accurate insights that drive strategic decision-making.
A testament to my expertise lies in my mastery of implementing 22 distinct ERP software systems. These implementations stand as a testament to my ability to harmonize cutting-edge technology with the intricacies of financial management, optimizing operations and enhancing efficiency.
Beyond the numbers, I am a forward-thinking professional who understands the dynamic nature of business. My proficiency in management accounting extends to envisioning strategies that not only streamline processes but also unlock new avenues for growth. My experience in auditing ensures meticulous attention to detail, fostering transparency and trust in financial practices.
In an era where financial landscapes evolve rapidly, my experience is a beacon of stability and knowledge. I am not merely an accountant; I am a seasoned navigator, guiding businesses through the complexities of financial decision-making. My mission is to continue leveraging my expertise to empower organizations to make informed choices, bolster profitability, and thrive in today’s competitive environment.
It is an honor to bring my extensive experience and insights to the table, and I am excited about the prospect of contributing to the success of forward-looking ventures. I invite you to connect with me to explore how my comprehensive skill set can be an asset in achieving your business objectives.