Accounting & Financial Services

Accounting & Financial Services

Accounting is essential for running the business. Our team of experienced Chartered Accountants and specialized accounting professionals ensure that your company has a good understanding of its financial position and can plan accordingly. Our expertise also helps in managing your business risks and liabilities, as well as keeping track of all transactions made by your company.
Accounting & Financial Reporting
We shall undertake the entire bookkeeping and accounting functions and each function shall be managed by a dedicated Relationship Accountant. We provide the below services.

  • Monthly accounting and management reporting

  • Accounting supervision and training

  • Forecasts, budgets, and projections

  • Part-time, full time and backlog accounting by experienced professional accountants

  • Evaluating and implementing the reporting based on IFRS

  • Presentation of the simplified financial reports for the Senior Management

  • Customization of accounting ERP and ERP Training

  • Accounting Reconciliation Services
    Our accounting professionals support the clients in the reconciliation of their accounts whether it is bank reconciliation, customers’ ledger reconciliation, suppliers’ ledger reconciliation, intercompany reconciliation, or any other statements/ledger. We provide accounts reconciliation services to small and medium size companies, corporates, MNCs, etc. This helps organizations eliminate legal issues, maintain the confidentiality of critical data, and reduce the chances of fraud and corruption. The accounts reconciliation services include the following:
  • Bank Statement Reconciliation

  • Suppliers Ledger/Vendor Payments Reconciliation

  • Customers’ Ledger Reconciliation Intercompany Reconciliations

  • Accounting Software Solutions
    The establishment of an appropriate accounting system provides management with the financial information necessary to make informed decisions. In an era of technological reformation, the greater is the need to adopt and adapt to technological innovations, and hence cannot shy away from implementing a customized ERP for your accounting needs.
    The accounting system we recommend will be customized to fit each of our client’s business requirements, designed to accept organic growth and related requirements, and scalable for major expansions and newer developments.
    We provide the below,
  • Analyzing activities and suggesting the most suitable software

  • Software selection and designing

  • System implementation

  • Conveying the know-how of the operation of the software

  • Training to personnel Review of systems on a periodical basis

  • Accounting Supervision & Management
    Our Relationship Accountant will visit your office at agreed intervals depending upon the scope and nature of the work along with the time required to complete the assignment. All the data entry work must be done by the full-time accountant of the company. Our supervision service will cover the below:
  • Review of books of account with necessary supporting documents will be carried out. Major observations which require management attention and actions will be conveyed depending on their importance.

  • To ensure that recognition of revenue transactions was properly made as per the accounting principles and in conformity with the nature of business and as per contracts.

  • Analysis of sales as per the contributions from a different category of products, teams, etc.

  • To ensure the payments made by the company are supported with proper documents and authorized by the concerned manager/owner.

  • Check whether the payments are entered on an accrual basis and the proper cut-off procedure is done at the end of every month.

  • To ensure that reconciliation of bank accounts, customers’ accounts, suppliers’ accounts, and other major accounts were prepared correctly and in time.

  •  To ensure proper recognition of advances, prepayments, unearned income, etc are done by verifying the accounting records and transactions.
    At the end of every month or quarter, review reports will be prepared and issued to the management including the analysis of financial statements, financial ratio analysis, analysis of working capital, BEP, marginal safety, etc., and our findings on the review of books of account.
    Backlog Accounting Services
    It is observed that many times the companies might not maintain proper Books of Account and reports for years. This happens mainly with start-ups in the SMEs (Smaller & Medium Enterprises). As per the regulations of the Commercial Company Law in the UAE, it is mandatory to maintain proper books of account. Hence, after one or two years such SMEs understand the necessity to maintain proper books of account and look for accounting firms to prepare books of account.
    Freelance Accountants supports the clients to prepare the books of account from the date of incorporation of the company after obtaining the proper supporting documents necessary for us to prepare the books of account. Hence, we shall request you to retrieve and make available the original supporting documents of the transactions including sales invoices, purchase invoices, payment vouchers, receipt vouchers, petty cash expenses, bank statements, cheque counterfoils, bank transfer copies, etc.
    Our relationship accountant will visit the company’s office location or bring the documents to our office and update transactions with suitable accounting software. We finalize the books of account periodically, normally on annual basis. The reports generated include:
  • balance sheet (statement of financial position),
  • profit and loss account (statement of comprehensive income),
  • cash flow statements,
  • receivables aging list,
  • payables aging list,
  • comparative report on sales performance,
  • comparative report on expenses,
  • financial ratio analysis,
  • working capital analysis,
  • breakeven point analysis/margin of safety etc.

    Inventory Management
    Inventory management refers to the process of ordering, storing, using, and selling inventory companies. This will include the management of raw materials, components, and finished products, as well as the warehousing and processing of these items. We also have expertise and resources for a stock count of small to large enterprises. We also provide outsourced human resources to aid the client in stock taking at the period end, yearend or at special events.

    Fixed Assets Management
    Fixed asset management is the process of tracking and maintaining an organization’s physical assets and equipment. Asset types include vehicles, computers, furniture and machinery. Using an asset management system, organizations can then track and monitor their fixed assets. Our experts will help you manage your assets professionally and keep track of your assets. Our expert team will help you classify assets and sub-assets based on the hierarchy, location etc.

  • Give Us A Call

    (+62)81 122 4341

    Send Us A Message

    Office Location

    Jl. Sunset Road No.815

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