An efficient accounting & bookkeeping system is the backbone of any business. This pivotal responsibility is augmented by regulations of GAAP and IFRS.
With the introduction of VAT and corporate tax laws, businesses established in UAE are expected to keep track of all transactions and maintain reconciliations. This could be overwhelming, as businesses have to spend a lot of time on these activities, which could hinder their core business activities. Outsourcing the accounting could reduce this burden and equip the business with the right information, saving a lot of time.
Accounting encompasses compliance with relevant financial regulations and reporting requirements; preparation of tax returns, financial statements, and other regulatory requirements; analyzing the financial data to provide insight to help management make informed decisions; identification and mitigation of financial risk by implementing internal controls; developing budgets; providing recommendations for improvement in financial performance; and ensuring that financial statements are free from material misstatements.
We have also adopted advanced software tools and systems to deliver zero-error data on-time.
The UAE has been a hub for businesses across all sectors. With the growth of industries and businesses, the accounting sector is also growing at a fast pace. We understand that accounting is an industry that thrives on trust, transparency, and adding value. Being transparent about pricing helps us serve our clients better.
Monthly Accounting and Bookkeeping
Setup of Chart of Accounts
Setup of Invoicing Templates
Backlog Accounting
Sales Invoice Creation & Posting
Purchase Bill Posting
Expense Bill Posting
Bank Account Reconciliation & Posting
Credit Card Reconciliation & Posting
Other Journal Entries Posting
Month-end & Year-end Closing Entries
Complete Document Management as per FTA Guidelines
Monthly Balance Sheet
Monthly Profit & Loss Statement
Monthly Accounts Receivable Report
Monthly Accounts Payable Report
Annual Financial Statements as per IFRS
Annual Audit-ready Documentation
VAT Registration
Regular Advisory on VAT matters
Quarterly VAT Computation
Quarterly VAT return submission
CT Registration
Ongoing Advisory on Corporate Tax Matters
Annual CT Computation
Annual CT Return Submission
A dedicated team will be assigned
Support Via email, virtual calls, in-person meeting & Whatsapp call on all working days
Monthly Review Meetings
Monthly
Monthly
The default pricing includes the cost of accounting software when Tally is opted for, as well as when using the Zoho Books Free Plan. If you choose Zoho Books and your operations involve multi-currency invoicing or require detailed vendor tracking, we recommend upgrading to the Zoho Books Professional Plan.
The accounting and tax compliance packages are carefully designed to meet business needs while keeping them economical. There are two packages suitable for all types of businesses that intend to outsource their work and compliance.
Accounting & Book-keeping
Corporate Tax Compliance
Accounting & Book-keeping
Corporate Tax Compliance+ VAT Compliance
3) Startup-3 @ 8,400 AED/year:
Accounting (Up to 120 transaction Per Quarter) + Corporate Tax compliance + VAT compliance
4) Regular @ 10,500 AED/year:
Accounting (Up to 100 transaction Per Month) + Corporate Tax compliance + VAT compliance
Suitability of the package:
Suitability of the package:
BCL Globiz believes in working as a partner for its clients, and understanding their business model, needs, work approach, and goals before the commencement of the project to perfectly meet their needs.
NOTE: The detailed packages enumerated above do not contain any hidden costs. If our packages suit your needs, please contact our experts at info@bcl.ae
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