Outsourced Accounting Services
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Accounting is just the beginning of full-fledged financials that support Business Owners investors & other stakeholders to make decisions that enable the business to grow. If you do not have an in-house accounting team, let’s work with Elevate Accounting. Outsourced Accounting service providers like Elevate Accounting as an accounting firm in Dubai can take care of your accounting and financial requirements end-to-end.
The Outsourcing Accounting Team of Elevate Accounting & Auditing is a team of 50 people. We constantly invest in human talent, technology, and training to meet the global standard of accounting. As one of the leading accounting firms in Dubai, we ensure that a team of professional Chartered Accountants, ACCA & CPAs works at Elevate who ensure industry standards in delivering accounting reports. We generally follow IFRS in UAE for Accounting Services.
In the face of growing transaction complexities in business, financial reporting poses an ever-increasing challenge. Our approach combines extensive knowledge and expertise to assist clients in fulfilling their obligations under both the International Financial Reporting Standards and Generally Accepted Accounting Principles. We are proficient in enhancing your company’s profitability, maximizing cash flow, improving decision-making capabilities, and increasing internal controls to minimize business risk. Additionally, we provide support in gaining and maintaining the trust and confidence of investors, bankers, customers, suppliers, and other stakeholders.
| Basis | Accounting | Bookkeeping |
|---|---|---|
| Scope | Accounting encompasses a broader range of activities beyond recording transactions. It involves the interpretation, analysis, classification, summarization, and reporting of financial data. Accounting also includes activities such as financial statement preparation, tax planning, budgeting, and financial analysis. | Bookkeeping primarily involves the recording of financial transactions. This includes tasks such as recording sales, purchases, receipts, and payments in the company's general ledger. |
| Level of Analysis | Accounting involves analyzing the financial data recorded by bookkeepers to provide insights into the financial health and performance of the business. It involves interpreting financial information to make strategic decisions, comply with regulations, and plan for the future. | Bookkeeping focuses on the day-to-day recording of financial transactions in a systematic manner. It ensures that all financial data is accurately recorded and organized. |
| Regulatory | Accounting involves more complex | Bookkeeping ensures that |
| Compliance | regulatory compliance activities, such as preparing financial statements in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) and ensuring compliance with tax laws and regulations. | financial transactions are accurately recorded and comply with accounting standards and regulations. It provides the foundation for accurate financial reporting. |
| Decision-Making Support | Accounting professionals use the data provided by bookkeepers to analyze the financial performance of the business, identify trends, and provide recommendations to management for strategic decision-making. | Bookkeeping provides the data necessary for accounting professionals to perform analysis and provide insights for decision-making. It ensures that financial information is readily available and accurate. |
Benefits of Outsourced Accounting & Bookkeeping Services in UAE
When starting a business, it’s crucial to ensure compliance in accounting, bookkeeping, auditing, and VAT. Elevate, an experienced accounting and auditing firm in Dubai, specializes in guiding business owners through these complexities, offering advanced bookkeeping, accounting, and managerial accounting services to facilitate data-driven decisions. As one of the prominent accounting companies in Dubai, Elevate caters to businesses with light transaction volumes, providing outsourced accounting and bookkeeping services. We can be your outsourced Accountant without any additional cost to Software. However, we recommend Zohobooks for online software.
Access to Expertise:
Outsourcing your accounting and bookkeeping services to reputable accounting firms in dubai such as Elevate Accounting & Auditing provides access to a team of highly skilled professionals with expertise in local regulations and best practices. These experts ensure accuracy, compliance, and efficiency in handling your financial matters. A team of expert is the best alternative to an inhouse accountant.
Cost Savings:
By partnering with accounting firms like Elevate Accounting & Auditing, businesses in Dubai can achieve significant cost savings compared to hiring and training in-house accountants.
Focus on Core Business:
Entrusting your accounting and bookkeeping tasks to professionals allows you to focus on core business activities. With more time and resources at your disposal, you can concentrate on strategic decision-making.
Enhanced Data Security:
Reputable accounting firms in Dubai, prioritize data security by implementing robust measures and advanced technologies to safeguard sensitive financial information.
Efficiency and Accuracy:
Professional accounting firms in Dubai employ efficient processes and utilize the latest software and technologies to ensure accuracy and reliability in financial reporting and analysis.
WHY CHOOSE ELEVATE FOR YOUR OUTSOURCED ACCOUNTING & BOOKKEEPING SERVICES IN UAE?
In the UAE, numerous free zones mandate companies to maintain financial records and undergo audits by approved firms. As a leading accounting firm in Dubai, Elevate Accounting & Auditing specializes in fast-paced accounting and bookkeeping services in Dubai tailored for high-growth businesses. Our expertise ensures compliance with regulations and strategic financial guidance, allowing you to focus on business expansion while lowering expenses. Entrust your accounting needs to us for meticulous record-keeping and comprehensive evaluations, making us one of the finest accounting and auditing firm in Dubai.
- Familiarity with UAE regulations and free zone requirements
- Tailored solutions for high-growth businesses
- Strategic financial advice to fuel business growth
- Peace of mind and confidence in our cost-effective arrangements
- Compliance with UAE Federal Law No-2 of 2015, Article No-26
- Expertise in complex accounting systems and popular software like QuickBooks, ZOHO, ODOO, XERO, and Tally ERP
- Outsourcing benefits including access to experienced Chartered Accountants & Other professionals.
- Services encompass Accountants, Account managers, and VAT Experts
- Trusted by companies in DIFC, ADGM, Dubai Mainland, and DMCC
- Experience in working with companies Listed in Major Stock exchanges of India , Turkey , UAE , UK those have outsourced their Accounting to Elevate Accounting and Auditing.
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Email Us: parth@elevateauditing.com