The reasons why accounting is essential for any business are:
Accounting makes way for reporting, which serves as the platform for financial decision making for a company. Company fund allocation and budgeting can become smoother if the accounting function of a business is in place.
Proper accounting is required by Company law and VAT law in UAE. Not following it can have legal implications for a company.
If a business has its accounting records maintained over time, it can help the business in analysing its past decisions and chart a future course of action. This proves beneficial for the long term sustainability of a company.
At JAXA, we streamline your accounting and administrative systems in a professional manner. We provide part-time and periodic accounting and accounting supervision services by qualified and professional accountants in Dubai and rest of UAE. We also offer a full range of accounting services to support your own in-house accountant, bookkeeper or computer accounting system. We can tailor our accounting and book-keeping services to your individual requirements, but in essence they typically include: Maintaining your accounting records in a reliable and secure database Preparation of management reports like income statement, balance sheet, etc. Maintaining accurate and comprehensive nominal, sales and purchase ledgers Reconciling your bank position Generating reports like aged debtor, creditor listings, inventory reports, etc. Accounting advisory and supervision services Outsourcing Accounting Services in Dubai, UAE In Dubai and the rest of UAE, it is common for a small and medium-sized enterprise (SME) to outsource its accounting and bookkeeping function to accounting and audit firms in Dubai. If you are setting up your business in UAE and are new to the place, it might serve you well to outsource your accounting service to a local accounting firm in Dubai, that is well versed in the regional laws and business practices. A few advantages of outsourcing your accounting services are:
JAXA Chartered Accountants is an ISO 9001-2015 certified firm of Chartered Accountants established in 2007 with its head office in Dubai and branches in Abu Dhabi, Jebel Ali Free Zone, Sharjah, SAIF Zone and Ras Al Khaimah Free Zone. Our services include part time accounting and supervision services. More than 60 highly qualified and experienced professionals are available in our office to provide the greatest level of professionalism in all areas of accounting. We serve more than 1000 clients across the UAE. At JAXA, we can streamline your accounting and administrative systems in a professional manner. We provide part-time and periodic accounting and accounting supervision services by qualified and professional accountants. We also offer a full range of accounting services to support your own in-house accountant, bookkeeper or computer accounting system. If you do not have these resources, we can outsource accounting professionals for you. This helps you avoid bulking up your permanent payroll.
For accounting services in the UAE, do contact us – we’d be glad to assist!