Accounting Outsourcing Services

Regular Accounting Services
Weekly and Monthly visits
Updating of Daily Accounts
Supervision of Accounts
Updating backlog accounts and records.
Account reconciliation services (For Banks, Intercompany, Customer accounts etc.)
Analysis of financial statements and reports. More..

Accounting Outsourcing Services

In the last fifteen years, we have witnessed a vast expansion of businesses in the UAE. Moreover, the legal requirement to maintain proper books of account is also becoming more important in the region. As per the UAE Commercial Company Law 2015 it is mandatory to maintain proper books of account for at least five years. In UAE VAT law also books of account are to be maintained for 5 years.

To keep pace along with the growing economy of the country, to comply with the legal requirements and to compete with the businesses, it is sometimes difficult to manage the accounting activities of their businesses within the company especially for SMEs. Hence, accounting outsourcing services could be the best option for them to choose.

Typically Accounting Outsourcing is more cost-effective, efficient and flexible than hiring in-house staff. There is no additional requirement and expense to hire accountants when accounting is outsourced to the right professionals in the field.

Confidentiality can also be maintained once the accounting service is outsourced. Service of more experienced professionals will be available at a lower cost. The difficulty of training the new accountants and the transition process from the existing accountant to a new accountant during replacement can be eliminated.

Accounting Outsourcing Services Includes:

Regular Accounting Services:
We update the daily transactions of the company in to the accounting software and generate monthly/periodic reports for the management for decision making.

1. Weekly Visit:

Our representative will be visiting your office on a weekly basis and update transactions. This will cover entry of all purchases, sales, receipts, payments and other business transactions including recognition of transactions on CAZAdvisors recommended basis. The system generated Management Information System (MIS) reports will be generated and discussed then and there with the management. Monthly reports will be prepared and issued to the management at the end of every month.

2. Monthly Visit:

If the number of business transactions in the company is comparatively less, monthly one or two visits will be sufficient to complete updating of books of account. Our representative will be visiting the clients’ office at the end of every month/beginning of the next month and update the transactions. This will cover entry of all purchases, sales, receipts, payments and other business transactions. The system generated Management Information System (MIS) reports will be prepared and discussed with the management by our executive. Further quarterly reports (in-house financial statements) will be prepared and issued to the management at the end of every quarter.

Accounting Outsourcing Services

Accounting Outsourcing Services

Accounting Outsourcing Services Includes:

Regular Accounting Services:We update the daily transactions of the company in to the accounting software and generate monthly/periodic reports for the management for decision making.

1. Weekly Visit:

2. Monthly Visit:

Regular Accounting Services:
We update the daily transactions of the company in to the accounting software and generate monthly/periodic reports for the management for decision making.