Accounting Outsourcing Service in UAE

The rapid extension of businesses across the UAE has made the requirement of maintaining proper accounting method more important. According to the UAE Commercial Company Law 2015, each and every business in the country should keep and maintain a 5-year record of accounting. The proposed VAT law of UAE also recommends maintaining the books of account by every business entity in the country for at least five years.

To keep floating in this highly competitive market, keep pace with UAE’s rapidly growing economy and to keeping up with legal requirements and procedures, businesses often find it very difficult to maintain the books of accounts. However, accounting outsourcing services can be the best solution for business entities struggling to maintain the books of accounts with their available resources.

The Process of Accounting Outsourcing

• Business transactions
• Creation of documents like invoices, bills bank statements, etc
• Collection and dispatch of the documents
• Data entry by the accounts at Musthafa Abdul Hameed Auditing of Accounts
• Preparing reports including financial statements and analysis reposts
• Holding meetings with the company’s management

Advantages of Outsourcing Accounting Services

• Since another accounting company is taking care of your accounting services with proficiency and expertise, you will be able to concentrate more on your core business activities.
• A business can minimize the cost of business operation by outsourcing one of its key services
• Accounting outsourcing service providers work with advanced technology, and you can enjoy the service without even investing for it.
• There is no need for hiring an additional workforce to prepare accounting reports when an experienced outsourcing company can get your job done easily.
• A business can also maintain confidentiality by outsourcing the account service.
• Hiring a new accountant and train them to keep updated with the current financial activities and records is a time-consuming and tedious process. Outsourcing the accounting service in this scenario can be an ideal choice.

Our Accounting Outsourcing Services Includes

• Accounting and Accounting Supervision Service regularly
• Updating the records of backlog accounts
• Reconciliation of account service