We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.
Small and medium-sized enterprises or newly formed enterprises may not maintain the company’s books sometimes, but they are forced to keep the proper accounts under the UAE Commercial Companies Act. Therefore, after a year or two, these SME understand that it is necessary to maintain the proper books and look for accounting firms to do the same.
Updating of backlog accounts is mandated by law for a business entity to keep a proper check on the company’s financial flow. If you have recently begun your company, you will know that accounting services with a specialty in updating backlog accounts have a vital role to play in updating backlog accounts because backlog records need to be checked and updating of backlog accounts is crucial in a business. Managing these accounts and updating of backlog accounts would bring your business up in a growth ladder.
Alya Auditors support the clients to prepare the books of account from the date of incorporation of the company till date. However, proper supporting documents are necessary for us to prepare the books of account. Hence it is important for us to get the original supporting documents of the transactions including sales invoices, purchase invoices, payment vouchers, receipt vouchers, petty cash expenses, bank statements, cheque counter foils, bank transfer copies, etc. We finalize the books of account on periodic basis, normally on annual basis.
Bookkeeping, the basic accounting activity, will also allow your business to forecast its future in an efficient manner since it would be possible to evaluate how the business progressed over time.
To keep a financially healthy company, one must record the data at the time of happening to save time filing information later when it would be quite difficult to remember all the details.
At the point when exceedingly proficient representatives are keeping up your work, then don’t stress over the mystery of your records getting uncovered outside.
Proper bookkeeping, including issuing payments to vendors on time and keeping all data up to date, will make it easier to find anything when going through the data for reference purposes, when presenting reports, or even when compiling information for the annual taxes.
Proper bookkeeping allows the financial department of an entity to analyse and manage the cash flow, thus providing a better financial analysis and management. This can only happen when the company’s financial records are accurate.
We will collect all the necessary documents required for the preparation of the financial statements.
We will also help you to update and record your business transactions in an orderly manner.
Alya’s team will help your company generate all the necessary documents as per the IFRS and FTA rules.
After generation of the report the specialized person will meet the management and discuss all the financial aspects he /she had found from the reports and give the necessary suggestions for improvement.
Once the meeting is over and the management had agreed with the reports and suggestions the final report will be issued.