CDA is one of the leading professional accounting firms in UAE, which provides outstanding auditing, bookkeeping and accounting services in and across the UAE. At CDA, we provide comprehensive accounting services and strive to understand your business needs and long-term goals so that we can provide tailor-made solutions to meet all your business requirements. Our wide variety of accounting services in UAE comprise Account Reconciliation Services, Updating of Backlog Accounts Services, Bookkeeping Services, Financial Reporting Services and a lot more to make your business run productively in the UAE.
Accounting is a methodical procedure of recognizing, documenting, assessing, categorizing, authenticating, abridging, construing and conversing pecuniary information. Proper accounting divulges profit or loss for a given period, and also the value and nature of a firm's assets, liabilities and owners' stake. It includes custom and body of knowledge related to methods for recording transactions, keeping financial records, performing internal audits, reporting and analyzing monetary information to the management, and counselling on taxation matters. Accounting provides information on the assets available to a business, the means employed to finance those assets, and the consequences attained through the use of these assets. Accounting firms play a crucial role in helping businesses enhance in terms of the company’s goodwill, financial stability, credit management, auditing, financial reporting, etc. CDA is one of the leading accounting firms in UAE, which helps businesses with excellent accounting and bookkeeping services. CDA has a team of expert financial advisors and accounting professionals in UAE to help you manage your business, taking care of auditing, bookkeeping, VAT, business, and accounting services in UAE.
Accounting method is a practice used by an industry to account income and expenses. Officially there are two Accounting methods: Accrual Accounting and Cash Accounting.
Accrual Accounting – It’s that form of accounting that accounts revenues and expenses when they are incurred, notwithstanding when cash is exchanged. Here, businesses are obligatory to make sensible estimates against a bad debt expense.
Cash Accounting – It’s a straightforward method of accounting that accounts all revenues and expenditures at the time when expenses are actually received or sent. This method of accounting is apt for small or new businesses that conduct business on a cash basis or that don't carry catalogues.
Usually, accounting is perceived as a mere recording of business transactions. However, accounting goes beyond financial recording or bookkeeping and it includes various branches. Take a look at the various branches of accounting, where you need help.
1. Forensic Accounting
Forensic accounting handles court and litigation cases, fraud investigation, claims and dispute resolution, and other legal matters.
External auditing is the examination of financial records by an independent party. Internal auditing refers to the examination of issues regarding business practices and risks.
3. Financial Accounting
Financial accounting includes footage and classification of business transactions, and preparation and presentation of financial statements to be used by internal and external clients.
4. Cost Accounting
Cost Accounting refers to the footage, presentation, and analysis of manufacturing costs. Cost accountants examine definite and standard costs to help directors conclude future courses of action concerning the business’ operations.
5. Fiduciary Accounting
Fiduciary Accounting means the handling of accounts administered by a person empowered with the supervision and management of the property of or for the benefit of another person. Trust accounting, receivership, and estate accounting are some examples.
6. Accounting Information Systems
Accounting information systems or AIS occupy the expansion, fitting, execution, and supervision of accounting procedures and systems used in the accounting process.
7. Tax Accounting
Tax accounting involves the planning of tax and preparation of tax returns, ascertainment of income tax and other taxes, tax advisory services such as ways to reduce taxes lawfully, assessment of the consequences of tax decisions, and other tax-related issues.
8. Management Accounting
Management Accounting focuses on the needs of the management. It includes financial analysis, budgeting and forecasting, cost analysis, evaluation of business decisions, and other similar areas.
Bookkeeping is the methodical recording of financial facets of business transactions in opposite books of account. Bookkeeping services help to uphold precise financial records of a business by keeping a proper record of the purchases, sales, and receipts.
Daily Bookkeeping will enable you to identify any problems early and solve them before they become worse. You can identify any deceitful activity and correct it before it causes irreparable damage to your business
A reliable accounting firm can help a business to boon through the subsequent approaches:
Bookkeeping Advice: Offer timely recommendations to an organization to maintain the details in time and to avoid any future issues or delay.
Business Advice: Make strategic plans for the growth of a business. They team up with the clients to help them solve their multifaceted industry issues and make the most of the opportunities to grow, optimize and protect their business.
Cash-Flow Advice: Give solutions to improve overall cash flow management and prepare you to solve cash flow problems before they happen in the future.
Cost Control: Predict future costs and revenues, and check for compliance with financial regulations. It can help a business to avoid the risk and costs of hiring more employees.
Tax Advice: Help an organization to avoid tax penalties. Any mistake while preparing or filing taxes is costly and attract penalty. These issues can logically be handled by expert accounting firms who stay updated and acclimatize to all changes and guarantee complete precision and compliance with the presently applicable policies.
It may be difficult for a business to manage the Accounting Activities within when competing with others and to comply with the legal requirements in the fast-growing economy of the region. When it comes to accounting firms in UAE, CDA is one of the most preferred names for excellent accounting services across the UAE. CDA can save your time and assist you in your business in reducing the company’s operating costs, increasing profits and establishing yardsticks for superior ascendancy and consistency to regulations.
The UAE Commercial Company law made it mandatory for a company to maintain proper books of account for a minimum of five years. To comply with these legal requirements, small companies, go for outsourcing the accounts for result-oriented functioning. CDA follows online & onsite working with the latest accounting software and indorsed strategies.
The major benefits of outsourcing accounting services in UAE are:
As a professional accounting and auditing firm, we have experiences in various fields, especially with budding start-ups. Start-up businesses are more prone to financial issues and shortages due to higher exposure to capital expenses & lower popularity. We help these entrepreneurs in covering these dilemmas by providing the following services:
We help start-ups in UAE with cost-effective and expert accounting services. For any start-up, outsourcing the accounting service is a time and cost-saving process so that they can focus on the core activities of the business. An inhouse accounting error can cost a higher loss than that of an outsourced one. It brings damage to the public image as well as fines. An expert like CDA can help you to come out of all these issues by the following contributions:
Why CDA for Accounting Services in UAE?
CDA Accounting and BookKeeping Services LLC is a committed squad and an effective Accounting Machine. We lead Outsourced Accounting and Bookkeeping services and transform your finance function. CDA accounting services in UAE are beneficial for businesses to keep a record of all your business financial transactions, leaving no chance of any trickery, and ultimately contributing to the growth of your company. As a team of highly qualified professionals, CDA analyses your problems and strives hard to progress your business and make you gallop. We are the leading service providers in UAE and provide following services in the field of Accounting & Bookkeeping, VAT consultancy, and other business-related areas. When accounting and CFO services are combined together the owner gets more flexibility and clarity in taking decisions after considering the financial reports. Our priority is CFO services and scope of our accounting service is purely depending on the client preference and industry type. We not only maintain your accounting, but also provide a podium to drive profits, improve cash flow, and grow your business. Our clients stay in peace of mind as we assure efficiency and actionable financial astuteness they need to succeed. Acclaimed as one of the leading accounting firms in UAE, CDA helps our customers with optimal accounting services that clearly depict the financial picture of their business. Our accounting specialists are highly competent in providing the best accounting services that comply with the UAE laws and rules. An association with CDA accounting experts helps you ensure exceptional accounting services in UAE while managing all your transactions in the most transparent way. We also offer Financial Advisory Services, Tax Consulting Services, Management Consulting Services, VAT Registration, VAT Deregistration, Internal Audit For Company, Business Advisory Services, etc., in UAE.
CDA Accounting Services
CDA is a family of well-highly qualified experts in the field of business services and provides proper and timely accounting services in UAE for business to grow and flourish. For any business, we:
The major services provided by CDA for businesses in UAE are mentioned below:
Get in touch with us to start a discussion and our experts will offer you one-hour free consultation.
A team of professional accountants analyses your business problems and strives hard to progress your business and make you gallop through proper review of your financial statements, documents, and other reports, ensuring they are accurate, conduct routine and annual audits.
Outsourcing accounting services in UAE offers several advantages- enhanced productivity, efficient management, high confidentiality, cost-effectiveness, experienced professionals’ guidance, expert supervision on transaction and report generation, and use of advanced technologies, leaving the company to focus on their core activities.
A professional accounting service provider offers the best accounting services analysing your business needs, and strategizing your business operations. An expert accountant maintains bookkeeping, payroll, and other ERP functions, and delivers information at the right time for proper decision-making.
A professional accounting team will be adept in providing training on accounting software also. The CDA team provides free training in accounting software based on the type and requirements.
Start-up businesses are more prone to financial issues and shortages due to higher exposure to capital expenses & lower popularity. An accounting service provider experienced in various fields in UAE like CDA will be proficient in providing accounting services for startups.
For any start-up, outsourcing the accounting service is a time and cost-saving process so that the company can focus on the core activities of the business.
The price of the accounting services usually depends on the type of business/products, annual turnover, scope of work, number of employees, number of transactions per year, shareholder details, and more.
Other than accounting services, an accounting firm will offer cash flow management service, cost-benefit analysis, CFO services, finalization of financial statements, financial advisory services, IFRS implementation services, etc.
Auditing is an independent examination of financial statements to prevent errors and fraud and to maintain accuracy in the data and add confidence to the management, enabling them to make quick decisions.
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