Part-time Accounting Services in Dubai

Part-time accounting services in Dubai

Dubai, being a rapidly growing country, is becoming a preferred location for various businesses. This has made the business laws more stringent, especially the on-time filing of the VAT and the penalties for failure to do so. This means handling the accounting for your business is going to be a tiresome task. So why not hire some part-time accountants in Dubai to do it for you?

Accounting being an important part of a business in Dubai, it should be performed in the best manner possible, especially here where business firms face tight competition and also must comply with the laws and rules of the state. Here comes the role of part time accounting services, which is the best option that can be adopted by firms that may not have adequate funds at their disposal.

At CDA, we provide industry-specific services in part-time accounting. We believe we can help you turn the tables on your business and help you co-exist with the external and internal environments of your business.

Hire Part-time accountants in Dubai

To perform the in-house accounting activities, the firms will require deep knowledge of certain laws to ensure compliance, which may be time consuming. In such scenarios, part-time accounting services in Dubai by professionals like CDA can provide efficient accounting services at a very low cost and help the firms stay compliant with the regulations and avoid penalties. Part time accounting services rendered by CDA in Dubai can be one of the best solutions for maintaining proper records and enabling the smooth recording of transactions without any errors.

Firms like CDA, which has been providing part time accounting services in Dubai to its clients, are always there to assist the firms in their accounting activities during all stages of business. Hence, approaching firms like us for part-time accounting services is a best move to maintain the records professionally. CDA can help you impress such investors by providing error-free records through its professional part-time accounting services in Dubai, where investors are always eager to invest and may ask for the accounting statements firsthand. Hire CDA’s part time accountants in Dubai to get your accounting work done with the utmost precision. 

Benefits of Part time accounting services:

    -- Promptness: When you are hiring a part time accounting service provider like CDA, you get the flexibility to set deadlines. This means you get to have your project done on the basis of your convenience. 

    -- Cost effective: You will only have to pay for the time that part time service providers, like CDA, have actually worked on your project. You will not have to pay them for idle hours.

    -- Industry wise expertise: Expert part time service providers like CDA have been working with multiple industries and have gained experience in what works for a particular industry. This gives us an edge, as we can always implement the best strategies for your business. 

    -- All round knowledge of laws: Experts at professional accounting firms like CDA are well aware of all the laws and regulations of the state in which they work. Especially in Dubai, where businesses are bound to follow strict rules. As a result, businesses can remain compliant while avoiding significant penalties.

CDA’s part time accounting services in Dubai

CDA’s team of experts has been providing part-time accounting services in Dubai to its clientele for more than a decade, which has made us the most experienced and well-equipped accounting firm in Dubai. As the introduction of VAT has made it mandatory for businesses in Dubai to keep accurate records in order to file returns without error, our team of professionals has complete knowledge of the requisites of laws such as IFRS, IAS, AML-CFT laws, and so on, allowing us to keep our clients compliant and save them from paying large fines. CDA part time accountants in Dubai can also help your firm stay one step ahead of your competitors as we strictly analyze your firm’s strengths and opportunities to formulate strategic systems to beat the competition. Our team is always ready to provide its part-time accounting services as you require, you are free to customize the services, and we are always pleased to assist you 24/7.

Part-time Accounting services package by CDA in Dubai

The quality and quantity of services at CDA go hand in hand. Along with the best quality of our varied services, we also provide numerous accounting services for your business. Our team of professionals provides quality part-time accounting services in Dubai to our clients who require them by providing the below services:

    --    Preparation of Trial Balance: This is the first step for closing the books in a particular accounting period. This contains the detection of all the transactions and their classification on the basis of credit and debit, as well as all the details of each and every business account. CDA will help you see the overall picture of your business through this statement at a glance.

    --    Drawing of income statement: This is the next statement prepared by CDA, which is generally known as the profit and loss account. It contains all the expenses and revenues of the firm at a given point in time. Not only does the law require it, but it can also help the management of your company in various decision-making processes. Our team of experts monitors the cash flow of your firm and draws out the result regarding whether it is profitable or not.

    --    Drafting of the balance sheet: This is another one of the core financial statements provided by CDA while performing part-time accounting services that are helpful in evaluating the position of your business. It lists down all the assets and liabilities of your business, giving you an idea for future operations. Our team goes through all your accounting records, analyzes them, and classifies the total assets and liabilities prevailing in the business. We prepare this statement in a manner that may be impressive enough to attract investors and other third-party entities and create a positive image of the business.

    --    Maintaining the cash flow statement: The cash flow statement prepared by CDA will help you measure the company’s strength and profitability and also measure its long-term outlook. This statement shows you how cash is flowing into your business and at what specific parts. Under this step, the professionals of CDA closely monitor the movement of the cash in the organization, detect where there is abundant cash, and allocate it to the scarce area.

    --    Detection of accounts receivable and payable: CDA will help you keep track of the money that your business owes and also the money owed to your business by creating proper accounts for each. Our team identifies the amount to be paid to the creditors and helps the clients make the payments on time without any delay. On the other hand, we also determine the amount to be received by the client from the debtors and help collect it on time to avoid bad debt and other losses.

    --    Maintaining and updating the bank reconciliation statement: All the transactions done through your business’ bank would be analyzed and recorded by CDA, giving you complete transparency on how the funds are flowing in there. The CDA team is always in sync with the firm and its bank accounts, communicating every business transaction to the banks and vice versa in order to provide accurate records to the firm. By maintaining the proper reconciliation statements, the bank and firm's accounts stay updated.

    --    Preparation of the bank cash book: There are two main ways to know how a business handles its money. One is cash, and the other is through the bank. CDA will keep track of the money flowing in and out through these two methods by preparing a proper cash book for you with all the required details.

To conclude, if you are a business operating in Dubai, you need a strong accounting base to save your business from the competition and rigid finance laws prevalent in the country. CDA is always eager to help you in every way possible, part time accounting services being one of them. 

Call us now to hire part time accountants in Dubai.