Accounting Resources
Self-study material to learn accounting tips at your own pace.
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Avoid These Accounting Platform Implementation Mistakes
Avoid These Accounting Platform Implementation Mistakes Implementing an accounting platform is the most effective way to simplify your accounting efforts considerably. A well designed and functional tool allows you to streamline your processes,...
Manual Vs Systemised Financial Reporting
Manual vs Systemised Financial Reporting Not too long ago, manual financial reporting was the only choice that businesses had to keep their finances in check. Today, advancements in technology have helped to simplify the entire accounting process. ...
A Guide to Liquidation of Companies
A Guide To Liquidation Of Companies When any businesses can no longer afford to operate, liquidation of companies is a formal process that is done by a registered business to ensure it meets its obligations to shareholders and other...
Making the right decision for your outsourced Accounting & VAT Partner?
Making the right decision for your outsource Accounting & VAT Partner? Outsource Accounting & VAT For any start-up, small or medium-sized company, outsourcing your accounting & VAT to an experienced and qualified partner is a credible...
UAE VAT Resources Survey Results
UAE VAT Resources Survey Results Overview Recently, we requested input to understand the challenges for businesses in working with available official VAT online resources in the UAE. For any businesses ensuring key personnel is fully equipped is...
Are you sure you are 100 percent VAT compliant?
Are You Sure Your Prices To Consumers Are Displayed Correctly?- VAT Compliant? Are you in the position of being confident that everything is compliant to the UAE VAT law and then suddenly get fined because of noncompliance; and it turns out...
Economic Substance Regulation UAE Guidance Issued
Economic Substance Regulations UAE Guidance Issueds Substance Regulations Guidance Issued Overview As of 30th April 2019, The UAE Cabinet introduced economic substance (“ES”) rules. Further guidance (Ministerial Decision No 215 For The Year 2019...
5 Proven Cost Management Strategies for Business
5 Proven Cost Management Strategies for Business Business can be tough when supply exceeds market demand. This is the time when businesses should pay closer attention to costs. Ask yourself “how much sales do we need to generate profit of $1”...
Your Cashflow, Your Company’s Future.
Your Cashflow, Your Company’s Future. Your Cashflow, Your Company’s Future. Many SMEs, especially those who are just starting a business, often overlook the management of cash coming in and out of their business. It is a common error thinking that...
Economic Substance Regulations
UAE Economic Substance Regulations Getting ready for the UAE Economic Substance Regulations The United Arab Emirates (UAE) Government has taken a progressive step in its commitment to comply with international good governance standards by...
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Accounting & VAT Outsourcing
For some companies, outsourcing their accounting and VAT has proved to be a good decision to manage their financial management & compliance obligations at a lower total cost of ownership than inhouse recruitment.
For others it has proved to be a bad experience that leads to frustrations resulting in poor financial reporting, compliance risks and time wasted.
Implementing Accounting Software
The Executive Regulations entail greater discipline to record your sales and purchases accurately to file accurate returns and support the provision of financial statements if requested by the Federal Tax Authority. These legal obligations may be at the forefront of your decision to adopt a platform, in this paper we discuss the key tips to help you implement a successful approach.
Impact of Mismanaged Finances
For any business, good financial management is the foundation to reaching profitability. But as a start-up or small business, your first thought inevitably goes towards growing the top line and this emphasis can lead to major issues later if you under invest in your financial management framework.
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Case Studies
Salon – Controlling Cash Process
A salon owner operated several branches across the UAE providing ladies cosmetic and beauty services.
Restaurant Case Study – Improving Service & Performance
For a local restaurant business owner, controlling their operations remotely had always proved to be a challenge. They had employed a manager to run
daily operations, but accurate and timely reporting was a challenge with the owner receiving excel
reports for limited information.
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