Accounting

FINANCIAL ACCOUNTING

  • ACCOUNTS RECEIVABLE
    Mainly include Sales Invoices/billing, Product pricing and discounts, Debtors, Doubtful Debts, Provision for Bad Debts, Party wise balance reconciliations, Aging of debtors etc.
  • BANK RECONCILIATION
    Banks statements are one of the authenticated third party record which form basis for verification by various outside stakeholders and regulatory authorities. Hence, it is primarily important that it should be reconciled with your books of accounts.
  • ACCOUNTS PAYABLE
    This mainly include record relating to Quotations, Purchase orders, Purchase prices and quantities, Creditors, Discounts, Party wise balance reconciliations and Aging of creditors.
  • INVENTORY & FIXED ASSETS
    Inventory is important for many ways. You can sell or consume them timely if they have been recorded with accuracy and timeliness. In addition, by proper inventory management, you can avoid the risk of loss or theft.
  • GL ACCOUNTING
    General ledgers accounting ensure that all aspects of double entry accounting system are timely and accurately recorded as per the requirements of accounting principles.
  • FINANCIAL STATEMENTS
    Ultimate purpose of financial accounting to provide accurate set of financial statements: Income Statement, Balance Sheet, Cashflow Statement, Statements of Owners’ Equity and Related Notes.

COST & MANAGEMENT ACCOUNTING SERVICES

  • RECORDING COSTS
    It includes preparing books of account relating to utilization of materials, labor and other items of cost as applicable to the production, processing, manufacturing activities of the company.
  • COST-BENEFIT ANALYSIS
    Businesses are vitally relying on measuring and estimating cost in term of the benefits they derive. Hence, it is primarily important to identify cost-benefit behaviour and estimate them with high precision.
  • PLANNING & CONTROL
    Costs efficiencies are achieved by implementing cost budgetary controls and by performing management audits. Extensive mathematical techniques (for example regression & time series) are used to forecast every cost element.
  • REPORTING & ANALYSIS
    Reporting management accounts is somewhat tricky unlike financial accounts, as there is little to very low adherence to the set standards and can be flexible to meet the need of management. Moreover, tailoring meaningful reports, describing variances and interpreting results require more grip over the topic and manufacturing operations.

VIRTUAL ACCOUNTING

We have seen a huge growth in Cloud Accounting System in recent years such as Sage One and Xero and automation of payments and data feeds. We provide full accountancy solutions for businesses of any size to manage their accounts in a dynamic fashion, on the go, anywhere in the world.
We gained expertise of the ever-changing requirements of cloud services so that our customers need not to worry. We can guide you to implement Cloud Accounting and take you step-by-step through the process implementation where you can enjoy full benefits of new technology and it can save ‘you’ money.

COMPARISON ON CLOUD ACCOUNTING

Tally Solutions in the UAE is FTA (Federal Tax Authority) registered vendor, delivering business software for Small and Medium Businesses. Easy to manage Accounting software for multiple companies.

QuickBooks Online is not different from QuickBooks and has variety of automated features which can help you cutting down your time which you spend on routine accounting tasks.

Sage Accounting can configure variety of different business models. We can provide support with the design, implementation and training designed to meet your specific requirements.

We provide combination of accounting and CRM and provide the Accounting and Bookkeeping services for SMEs.

Cloud Accounting Services

QUICKBOOKS ONLINE
QuickBook Online has variety of automated features which can help you cutting down your time which you spend on routine accounting tasks.

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