Accounting & Bookkeeping Services in the UAE
Who We Are
Business Setup Worldwide is a professional company providing business set up services in the heart of UAE, Dubai. We offer a broad range of services to help foreign investors and international companies establish their presence in the region. We understand the local market, technical expertise, requirement and knowledge to start your business cost effectively and in appropriate time. From determining the right kind of company, trade license to hiring personnel for your free zone, offshore or LLC, ensuring efficient utilization of your resources, assets, time and money.
Why does a business need accounting & bookkeeping services in UAE?
Accounting and bookkeeping is an essential function for any business. In a fast pace business environment, especially in UAE, organizations are liable for tracking their financial operations and yearly audit. For accurate and real time financial information for decision making and performance monitoring, companies need accounting and bookkeeping service. On the other hand, UAE is one of the well-established areas which provide an excellent ecosystem of business, investors, and talent. Hence, UAE becomes the foremost option for business owners to choose this country as the platform to setup their firms and start-ups.
How does the process work?
Once the business has been set up in UAE, the next includes the proper maintenance of financial records which come under the purview of UAE federal law, to manage the books of account and transactions accurately. Outsourcing this service is not only cost effective but saves time in resource allocation.
At Business Setup Worldwide , we expertises in analyzing the requirement of our client and provide the optimum solution in accounting and bookkeeping services. Most of the businesses in UAE outsource their bookkeeping and accounting to comply with the local laws, statutory compliance and benefit from the local expertise.
Once you assign us for this task, we understand your requirement and take you through the aspects of outsourcing accounting bookkeeping of your organization.
Advantages & Disadvantages of accounting & bookkeeping services in UAE.
Advantages of outsourcing to Business Setup :
Outsourcing a critical part of the business is a concern for many business owners. Here is a closer look at all the specific benefits that a business owner stands to gain:
As the service provider we have the right people and the perfect resource to accomplish the task. We continually work with the businesses and provide the optimum solution along with handy financial reports. We upgrade ourselves time to time to bring the best in the industry features to our services. Hence the quality of work is at best, also you can peacefully let us handle the books of accounts.
Accounting and bookkeeping are critical functions which are mandatory for the existence of any organization. In-house bookkeeping and accounting take away the precious time which could be dedicated to business relationship building. Outsourcing this activity alleviates the need to delve into the operational issues. At the same time recruiting, hiring and maintain staff costs are eliminated once you hire a service provider for accounting and bookkeeping.
Outsourcing bookkeeping and accounting services help you match the work hours/amount of projects to your needs. Additionally, the expenses such as employee costs like benefits, insurance, payroll taxes, unemployment taxes, paid time-off, etc. can be avoided. Work space, office furniture, computers or software are some of the mandatory requirements are saved when the work is not in-house. Hence, this process helps you to save time and money instead of hiring a full-time employee.
When the services are outsourced, the contractual service providers face higher liability than in-house staff. Service providers are of much less risk and easier in dealing with contracts or agreements. Hiring, negotiation, employee management, and human resources are a challenge in any business organization. The service providers are more likely to follow through on their obligations as bound by the contract.
Some drawbacks of using a service provider for accounting and bookkeeping
There are limited constraints of outsourcing your accounting and bookkeeping. Some companies still wish to keep this aspect as an integral part of the business in-house.
Distance and Time: There is no substitute for the physical presence in your office. In certain case, the businesses might need to raise funds and hence require the accounting and details on an immediate basis, hence the problem of having an out accounting and bookkeeping division.
Control and Security Risk: In-house management of employees gives the owner more control starting from training to day to day processes. Companies might feel having own staff is better than being at the mercy of outsourced companies for financial reports.At the same time, the feeling of risk, as financials of any business is a sensitive subject. Sending all the documents to an outsider might make the owners feel losing control.
Business Setup Worldwide have the right talent the geographical expertise when it comes to consulting services, say it business setup or accounting and bookkeeping. We have been in this region and this space for a significant amount of time to be the best providers of the service. If you want to save time for primary processes of your business then outsource your accounting and bookkeeping services is the best choice so that you can also focus on other essential activities of your business. Thus, by selecting us you remove the barriers and have an advantageous position.
At the same time we provide:
- End to End support for your bookkeeping and accounting need
- Compliance with latest law and regulations