ERP Transactional Validation
Our advisors will work with you to highlight these errors to significantly reduce the time required to prepare and improve the accuracy of your returns.
If you operate an ERP or accounting platform generating a high volume of transactions to calculate your VAT report, ensuring each transaction is accurately accounting for VAT can be a challenge. Common errors include incorrect rating for VAT or mis-postings where manual selections are required in accounts payables, which inevitably lead to errors on your returns.
Moreover, these errors represent risks in case of FTA audits when your internal accounting entries are assessed. It is time consuming and costly to review all your taxable and out of scope entries manually. Ideally you should validate all your internal transactions independently to highlight and correct possible errors to ensure your transactions and reporting is accurate.
Our service is inclusive of a state of the art platform to validate your system VAT postings and rating by processing your data for each accounting entry to provide greater confidence to your VAT returns.
HOW WE DELIVER
Preparation
We set up your service to define your transactional scenarios, map your system data and codes for accurate processing.
Processing
Our state of the art platform can process 10,000’s of entries from a predefined excel file in minutes to identify possible errors for review.
Validate
An advisor will review errors with you to allow you to confirm changes and correct them at source.
Looking to Reduce Cost of your VAT?
We can provide you the complete finance outsource service with accounting, VAT expertise and software to run your business.
What sets us apart
Our Difference
Experienced Advisors
No Impact to IT Systems
Complex Tax Group Support
Cost Effective
Learning materials
Tools & Resources
Our accounting guides and resources are designed as self-study guides to learn accounting and finance at your own pace.
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” and this simple question will bring into sharper focus of the benefit of having a more effective cost management.
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” and this simple question will bring into sharper focus of the benefit of having a more effective cost management.
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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 if money is coming in, the business is performing and will have sufficient resources to pay for its purchases and expenses. Cash is key to the survival of your business and ignoring the needs for an accurate cashflow management process can lead to shocks that could cripple your business.
OUR CLIENTS
Businesses We Work With
Contact Us
Whether you have an existing finance, HR, IT and marketing function operating its own systems and processes or a small company needing a complete outsource service, we have the flexibility to serve your business.
info@simplysolved.ae
+971 43445338
Office M13, Makateeb Building Sheikh Zayed Road Al Quoz 3 Dubai, PO Box 116701 United Arab Emirates
M-F: 8am-5pm, S-S: Closed
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