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Accounting Outsourcing in Dubai

Accounting plays a crucial role in running every business successfully. Being a commercial hub, Dubai hosts a large number of businesses and they all need to maintain the book of accounts and track financial transactions for a better Accounting outsourcing in Dubai is the best practice adopted to keep the books of accounts accurate and error-free. CDA offers accounting outsourcing services in Dubai, UAE to help you to identify the financial indicators and performance promptly, enabling you to make the right decisions in your business at the right time. By choosing CDA as your bookkeeping partner in UAE, you avail professional accounting services delivered with the utmost confidentiality and security in the shortest turnaround.

outsourced accounting services in dubai

Outsource Accounting Services In Dubai

UAE has been becoming a business hub for the investors for the last so many years because of its diverse nature and leniency by the government. Along with the expansion of the business, the necessity of maintaining proper books of account has become a legal obligation for every company in the UAE.

Accounting is the measurement, processing, and recording of financial information of a company. The accounting field is developing fast by adapting to the numerous needs of a business. It is the backbone of every business. Whether you own a start-up or an established business, while planning to outsource accounting services in Dubai, you need to find an experienced accounting firm which provides outstanding services at the most competitive price. 

 CDA offers Accounting Outsourcing Services in Dubai to the business world with exact prediction and conviction.

The proper accounting and documentation safeguard the interest of every business and legal threat.

The followings are some of the different types of accounting a business should manage according to their nature:

a. Financial accounting :

It is the procedure of creating a financial statement for external use. It shows the past performance and the current status of an organization, which give credibility of the business in front of the customers and suppliers.

b. Management accounting or MIS Reporting: 

 Here, the information is used for the internal purpose to enable effective control within the organization and the fulfilment of the strategic objectives of the concern. It helps with the proper decision making by the management. 

c. Tax Accounting: 

This accounting is managed by the tax laws of a state to estimate the tax liability of a company and to avoid any fine or penalty because of any wrong Tax Filing. Proper filing of input tax and output tax will provide transparency with FTA requirements. 

d. Project Accounting :

This system is used especially by the construction firms to track the financial progress of a project through the frequent financial report and will help to analyze the profitability of the project. Budgeting is the key tool used in this reporting.

Why Outsourced Accounting Service?

Outsourced Accounting is a service that gives a complete accounting department experience for a business whether it is established one or SMEs. The accounting department controls the day-to-day transaction coding, accounts receivable, accounts payable, payroll, management of financial reporting and many other services as per the demand of the company. Outsourcing accounting services in Dubai helps you avail high-level of accuracy in financial accounting and reporting, identify loopholes and frauds, reconciliation of account statements, save processing time, professional assistance, avoid tax penalties, maintain up-to-date accounting status, and more.  

CDA Accounting Outsourcing 

The UAE Commercial Company Law 2015 and the UAE VAT Law make it mandatory for a company to preserve proper books of account for a minimum of five years. For a well-established company or for SMEs, it may be a difficult task to accomplish the accounting activities within the company when they compete with others or comply with the laws of the land.

To keep the pace along with the growing economy of the country and to comply with the legal requirements and to compete with other businesses, it is sometimes difficult for a company to manage the accounting activities of their businesses within the company, especially for SMEs. Hence, a good number of businesses now prefer accounting outsourcing services in Dubai as the best option, and CDA tops the list of accounting outsourcing companies in Dubai with skill and advanced technology, highly qualified and result-oriented reporting with the competitive process.

Accounting Outsourcing Procedures by CDA

CDA follows both Online Accounting Services and Onsite Accounting Services:

Online procedure

  • Collect necessary documents and information from the client
  • Proceed with accounting
  • Prepare MIS Reports

Onsite procedure

  • Assessment of initial work procedure
  • Assemble data and recap current financial solidity and position
  • Creation of various records like vouchers, invoices, bills, bank statement, etc.
  • Data recording
  • Generation of financial statements, financial analyses report, etc.
  • Meeting with administration
  • Indorse strategies and actions 
  • Implementation of accounting procedure as per IFRS

Benefits of Outsourcing your Accounting Services

  • Improves efficiency, 
  • Streamline and productivity 
  • Cost-effective
  • Advanced technology
  • Concentration on core activities
  • No additional requirement and expense to hire accountants 
  • Maintains Confidentiality 
  • Professional service at lower cost
  •  Eradicate Training cost and Training difficulty of new accountants 
  • Advantage of additional services
  • On-call availability of experts

Features of CDA Accounting Outsourcing Services: 

Outsourcing your business accounting services in UAE to CDA not only helps you save cost and time but will also support you to eliminate your accounting load to a great extent. Thus, you can focus more on your core business activities. The major features of CDA accounting outsourcing services in Dubai are listed below:

  • Consistent Accounting Service – CDA files transactions on a timely basis
  • Systematic Account Supervision Service – CDA uses the latest technology as per the needs for a systematic arrangement of the accounts
  • Proper submission of Financial Report on time to time as per the requirements of the management
  • Bringing up-to-date of Backlog Accounts – CDA manages the backlog accounts effectively and up to date, and ensures that our clients’ demands are fulfilled. 
  • Accounts Reconciliation Service - in order to rein the success of your business, CDA assures accuracy and reconcile the accounts on a monthly basis
  • Corresponding - CDA corresponds or compares the revenues and expenses sustained in a fiscal period to avoid erroneous income statement
  • Confidentiality in Financial Data
  • Accuracy in MIS Report
  • Analytical and CFO Review with management on the Monthly Financial Report
  • Result oriented and decision-making approach in preparing the MIS Report.

Why CDA?

  • We save your time!
  • We save your money!
  • We save your worries with an organized financial statement!
  • We assure consistent results!
  • We assure you fast and proper action!

By outsourcing your accounting services in Dubai with CDA, you are getting the best accounting services at a very affordable rate. Other than the accounting outsourcing services, CDA expands the services to CFO Services, Organizational Restructure, Tax Consultancy Services, Implementation of Accounting Software and Due Diligence Audit services.

CDA is a pivot for all accounting & auditing services all over the UAE. If you are a Start-up company or if you have any queries regarding our services, feel good to contact us. Our experts will contact you immediately. 

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