CDA is one of the leading professional accounting firms in Dubai, which provides outstanding auditing, bookkeeping and accounting services in Dubai 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 Dubai 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 Dubai, which helps businesses with excellent accounting and bookkeeping services. CDA has a team of expert financial advisors and accounting professionals in Dubai to help you manage your business, taking care of auditing, bookkeeping, VAT, business, and accounting services in Dubai and 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 Dubai, 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.
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 Dubai 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. 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 Dubai, 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.
Get in touch with us to start a discussion and our experts will offer you one-hour free consultation.
Frequently Asked Questions
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 Dubai, 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.
Our services include:
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 are:
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:
Accounting Software is an application that allows a business to file and maintain the track of money for internal and external review. CDA helps you to select suitable and the latest Accounting Software for your company. Accounting software helps you decide the areas to cut expenditures or to capitalise more for growth. Having a better outline of your current financial status, it will be easy for you to develop clever strategies and assign resources in a proper manner.
Yes, we do provide free training in accounting software based on the type and kind if necessary our experts handle this with at most care.
As an accounting and auditing firm in we had experiences in various fields, especially with a budding start-up. 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:
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:
CDA focus on the workmanship and professionalism in maintaining the clientele, so the price for the services depends on the following factors:
As accounting is our core activity. We also provide Business services which are intangible and price-sensitive services in the market. It includes different services like CFO Services, Cost-Benefit analysis services, Finalization of financial services, IFRS Impact & Its Implementation service, Cash flow management service, and many other services like software services, real estate advisory services, etc.
Audit is the independent examination of financial statements to prevents errors and fraud and to maintain accuracy in the data. Significance vary from type of audit conducted it includes: Third-party assurance on financial statements add confidence to the management that their reports are free from material misstatements, therefore they could make quick decisions.
VAT is not an additional burden or cost for the business. In general, every business act as a mediator for the Government. Only the effect is reflected in the cash flow. So, proper planning and effective management of tax collection and its execution will give added value and cash inflows to every business. VAT services help:
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