Bookkeeping is another domain in which we specialize. Bookkeeping is the first and foremost thing that is done for the purpose of accounting and financial reporting. It is the recording of financial transactions and information related to business activities on a daily basis. We unburden the businesses in UAE from exhaustive and tedious task of bookkeeping.
A bookkeeper manages the transactions in the book of ledgers or in the accounting software on a daily basis. The process of posting transactions influences the Profit and Loss accounts, trial balances and nature of accounts which in turn affect the financial statements of the businesses. Book-keeping is the mainstay for having efficient VAT compliance for business. This makes essential to have a dedicated bookkeeper for timely and accurate posting of business data.
Bookkeeping is the foundation step of accounting, using which VAT return filing, management of cash flows and businesses are done. Our bookkeeping service includes following business solutions.
Keeping in mind the present needs and challenges, UnitedVAT provides tailor-made Bookkeeping solutions, by understanding requirement of the businesses. We make the business tension-free and add to their efficiency by negating the need of hiring and managing bookkeeping staffs by providing services of the experienced professionals, who never stumble in the affairs of bookkeeping. Accuracy and reliability is the supreme concern for them.
We evaluate your accounting requirements and provide you with a quotation. Post discussions the method of delivery and pricing is agreed, we get into maintenance of your books of accounts on fortnightly or monthly basis.
Basis the contracted activity we raise invoices. The contract clearly states the payment terms. Activities like set-up and backlog invoices are raised on completion or after a contracted period. The monthly accounting services are invoiced monthly/periodically on the basis of calendar months/period.
The Federal Tax Authority is the designated authority for the implementation and management of VAT in the country. Their website is www.mof.gov.ae, the details of the law are available on the site under the section Legislation.
Having a Qualified and Professional Accountant is expensive. Small and Medium Enterprises finds it difficult and burdened to hire highly competent accounting team. Recruitment is a time consuming and expensive option. With United VAT in the picture, you can avoid the hassles related to hiring, training and retention while making significant cost savings. Our solutions are completely scalable, letting you increase or decrease your workload at any time.