Accounting also massively referred to as “language of the business” varies vastly in its context however, the fundamental definition addresses it as a process of measurement and communication of solely the financial information of business, small or large, corporations, organizations, firms or any economic entity. While Bookkeeping may belong to the same family it however is different in its nature.
Bookkeeping rather than measuring or calculating focuses on record keeping a company’s financial records and activities. The process of keeping the entries periodically in an organized manner is referred to as Bookkeeping. The name bookkeeping takes its origin in the older times when records were kept on books hence the bookkeeping.
However, with the advancements in the technologies and the process such processes of accounting and bookkeeping is done with the help of advanced methods rendered electronically. Not only has this sped up the process but has also organized large, in fact massive calculations and record keeping into a few clicks away process. Be that as it my the to execute such processes a high level of skill and expertise is required and that is where ASCPAS Accounting & Bookkeeping comes into play.
Among other services we provide we also consider ourselves an accounting & bookkeeping firm, providing a thorough, professional physical and online accounting and bookkeeping services that put us among the top bookkeepers in Dubai.
Our list of accounting and bookkeeping services have been categorized into four sub processes that include;
• Accounting & Finance Operations Set-up
• Accounting and VAT software ERP Implementation
• Periodic Bookkeeping and Financial Reporting
ACCOUNTING & FINANCE OPERATIONS SET-UP
Setting up the accounts format as applicable in the jurisdiction, internationally as well as locally in accordance of the laws and regulations of UAE.
Developing Heads of Accounts in alignment to the developed accounting policies as per the IFRS to make sure every thing is legal and executable at the same time. May it be the accounting services for small business or a large we have the team and the management that processes the expertise, qualifications and the experience which significantly proves to be beneficial for our clients in all spectrum.
ACCOUNTING AND VAT SOFTWARE ERP IMPLEMENTATION
Now we implement the second phase of our service that involves inculcating the technology. Integrating the accounting software’s i.e QuickBooks, Tally ERP, Sage, Microsoft Dynamics etc as well as adding VAT calculation functions in the software.
Speaking of VAT among the Five major services ASCPAS Accounting provides, vat services in dubai as well as UAE are also provided by us.
PERIODIC BOOKKEEPING AND FINANCIAL REPORTING
Here we record monthly and quarterly transactions and other accounting movements. These are further reconciled as well on monthly and quarterly basis. Which also further translates into preparation of annual financial statements as per the IFRSs.
Finally, we move towards the month end variance analysis as well quarterly variance and ratio analysis. Doing this not only helps our analysists but also the client comprehends better, why there were some fluctuations and what can be done to reduce these variances for the benefits. This further also helps in budgeting activities. Furthermore, we have an interactive dashboard that provides an excellent overview of the performance of various functions and are very detailed.
We are considered to not only be the best online bookkeeping services provider but also on the physical and spiritual level we reach out to our client’s eternal satisfaction and a long-term healthy relationship.
With all that said, as you may have already guessed, we are not the accounting bookkeeping Consultant UAE based only, our other services extend to outsourcing accounting services to assurance services. In fact, we are considered to be one of the leading assurance services company in UAE.
Other Services we provided include:
VALUE ADDED TAXATION (VAT) ADVISORY
As you may know that VAT plays a fundamental role in the economy of UAE and for companies it can become a nightmare managing them. We know that the process of managing it can become very much complex and perhaps also hinder the growth of the company. That is where we come into play yet again, with our expert and experienced team and effective leadership skills we can make things incredibly easy for our clients.
While there may be many VAT based service providers in UAE alone, rest assured the services we provide are not only professionally executed but also unique and substantiable in terms of future references.
Our sub-services in the VAT section covers all from, Registration and De-registration to Filing and Refund, Assessment, Analysis, Group Formation and Amendments to VAT Audit and Staff Training.
Read more about about VAT services provided by ASCPAS Accounting.
BUSINESS PROCESS OUTSOURCING
Our third service includes, Business Process Outsourcing commonly referred to as BPO. We believe that the world is ever evolving and with that the business and the techniques are also evolving. New methods have emerged which let us undertake expert based professional services which were not possible few years back. By outsourcing we are able to provide our various clients research oriented, expertise based, time oriented, specific to the requirement services that reap more than average benefits.
Our team is more than qualified and well equipped with the type of leadership and coordination required to provide our clients the best assurance services they can ever receive. Our CPA certified team and leaders work together day and night using the unorthodox and the advanced methods to derive information about our client’s businesses that can help them grow at an exponential scale.
Lastly, we believe in transparency and keeping our client in the dark is never our stance. No healthy relation can be built under misguided consultancy that is why it is imperative that our stance remains true to our vision and mission of remaining true and accurate to our clients.
By providing a professional and accurately derive advice we help our clients organize business strategies present and futuristic, help them make choices that can reap benefits for our clients first and us later. Some of our sub-processes in the Business consultancy include;
• Business Recovery Services
• Dispute Analysis and Investigation
• Modelling and Business Planning
• Accounting Solutions for Islamic Banking and IFIS
So rest assured your business and its future is safe with us, we work on building long term healthy relationships with our clients and such can not be done without trust.