Reliable Accounting Support
Scope of Service
- Accounts Payable: maintaining suppliers ledger, entering supplier invoices, monitoring aging reports and ensuring payments are done on time
- Accounts Receivable: maintaining customer ledger, managing credit terms approval, managing & reconciling bank accounts, entering sales invoices, monitoring aging reports and ensuring payments are collected on time
- Financial Reporting: Preparing Profit & Loss Statements, Balance Sheet, Statement of Cashflow, Budget and Forecasts
- Financial Controls: Setting processes, doing reconciliations, verifying division of responsibilities and ensuring compliance to IFRS to avoid errors, fraud or theft.
Offsite Accountants Package
- You do what you need to do to grow your business while we do the accounting for you
- We provide you with a dedicated offsite accountant you can contact anytime within office hours
- We function like your normal accounting department. Together, we can design and agree on what is the best set-up that is most comfortable and beneficial for you
- Our accountants can also function in any areas you wanted them to be as needed by your business operation i.e., inventory management, purchasing, load shipment planning, warehousing and others
- Reliability is 100% assured and Confidentiality is guaranteed.
Cloud Based Accounting Software
- If you still don't have an accounting system, our offsite accountant package is inclusive of a cloud-based accounting software 100% FREE
- The software is widely used in Europe, Australia and USA. Popularity here in UAE is growing fast.
- We will set-up everything in the system for you. All you need to do is provide us with the details.
- With this system, you can track your business 24/7. You can even see it at the comfort of your smartphones.
Other Engagements
- Accounting Records Reconstruction
- Monthly or Quarterly VAT Return Filing
- Operations Transformation - simplifying the processes
- New Projects - Financial Model and Forecasts
Pricing
- Pricing is primarily dependent on the nature of the engagement, activities and transactions that are required to be done
- We guarantee high level of service quality at the most reasonable service rates
Developing Business Process Workflow
Overview of Service
Developing a business process workflow for a start-up business and SMEs is a very crucial part in the early stages of the organization.
This is actually a creation of repeatable steps that an individual or a team must take on in order for the business to operate, achieve goals and maintain a level of productivity. This has to be done in all areas of your business i.e., accounting, sales & marketing, operations, inventory management, warehousing, logistics and others. In the long run, these process workflows will enable the business to run smoothly, reach targets and achieve goals consistently.
We can help you develop a dynamic process workflow for your business. Check how we can help.
Our Approach
- An effective business process workflow can be created following our repeatable process below:
- Understanding the challenges your business is facing.
- Understanding the business' goals that your business wanted to achieve with the process
- Creation of specific objectives based on the understanding of the goals and challenges
- Creation of actions that needs to be done to achieve the objectives
- Developing the processes and workflows based on the specific actions
- Documenting the process and training the team
- Review process and Improve
What you need to do
- If you are already an operating business, you are expected to be able to at least provide an overview of the business and the challenges it's facing. The goals you are trying to achieve and the direction you wanted to take
- If you are a startup, you are expected to at least share your vision about the expected direction of your business and your goals
- You are expected to be part of a series of discussion with timings to be set at your convenience
- Final decisions will all be done from your side. Our role is basically just to provide options and suggestions
Expected Results
- Simplified Process: only the needed ones are retained, unnecessary ones are removed
- Reduced Cost: simple process brings in better efficiency and productivity which can result to cost savings
- Better Service Quality: Concentrate on key customers and increase your competitive differentiation
- Improve Products or Services: simplified process brings more focus on the quality of products and services
Pricing
- Pricing is primarily dependent on the nature of the engagement, activities and transactions that are required to be done
- We guarantee high level of service quality at the most reasonable service rates
Building Insights from your Data
Overview of Service
Running a business is one of the most complicated endeavors you will ever have. You really need to understand your business to be able to succeed. The question is HOW?
When you start analyzing every data you have gathered while doing the business, you will start finding more meaning in it and will increase your understanding of the situation. Once the meaning and understanding is converted into something more comprehensible such as graphs, trends or diagrams it is referred to as Business Insights. This is the key to your success.
Our experts of over 20 years' finance experience in their belt can support you with this. Check how we can help.
Our Approach
- A process workflow for building insights within your organization can be created following our repeatable process below:
- Understanding how data is recorded in your business
- Suggest ways to automate process if needed. (Cheapest option is through our cloud-based accounting system).
- Understanding existing KPIs of the business
- Understanding goals and direction of the business
- Based on the understanding, build templates for the insights
- Update system process to take out needed data easily
What you need to do
- Since the output of this service is mainly dependent on the understanding of the business, you are expected to be able to at least provide an overview of the business and the challenges it's facing. The goals you are trying to achieve and the direction you wanted to take
- You will be presented with suggested formats on how you see the insights, but final decision would be coming from you as to whether which format to follow
Essential Factors to Success
- Be adoptable: adjust design of your insights in response to situations your business is facing
- Find Talents: Identify talents in your organization and groom for leadership
- Focus on Important Actions: act on areas that matters to your business the most
- Accelerate Change: Do not delay applying identified needed changes in your organization.
Pricing
- Pricing is primarily dependent on the nature of the engagement, activities and transactions that are required to be done
- We guarantee high level of service quality at the most reasonable service rates
Startups Support
Overview of Service
Our startup support services begins right after you have decided to start a business or decided to accelerate the growth of your existing business.
We don't start business; we help entrepreneurs start and grow a business. We provide creative approach to start a business from idea formulation to setting up process and up to growing your business into a profitable venture.
We are ready to offer our valuable support to any areas of your business you think you needed to improve. e.g., understanding how to run a business, driving growth, improving operational efficiency, cost savings strategies, process workflows, accounting system and etc. It is all up for you to decide which part of your business you needed help and when you need the help. See what we can do.
Our Support Programs
- Knowing Financial implications of your idea: to complete your idea, we will prepare forecasted financial statements for you
- Designing your business model: to achieve your goals, you need to know how to do your business. To achieve goals consistently, you have to create process and procedures which needs to be followed in your business.
- Accounting System and Control: To see where your business is going, you need to have a plan how to record your transactions and how to protect your assets. Automation at reasonable costs should always be considered as an option
- Goverment regulations and requrements: we can guide you through various government requirements such as VAT, import clearing, exporting goods and others
- Tracking progress of your business: you can only maintain success at certain level if you can track it. We can guide you how to gather information and create trackers and indicators for your business. We can support you even up to implementation.s
What we will do for you
- Conduct business health check-up and formulate recommendations for improvements
- Implementation of the recommended courses of actions in relation to the results of the business health check-up done
- Creation of Cost Savings Strategies
- Finding ways to improve internal control
- Improving your accounting system and processes
- Creation of trackers to monitor progress of the business
Other Engagements
- Business Development and Incubation
- Thorough Business Operations Review and Assessment
- Basic Market Research and Analysis
- Adhoc engagement as per your business needs
Pricing
- Pricing is primarily dependent on the nature of the engagement, activities and transactions that are required to be done
- We guarantee high level of service quality at the most reasonable service rates
Research and Analysis
Overview of Service
Research and analysis is essential part of your business strategy. The process helps you understand prevailing concerns in the internal and external environment.
The scientific processes involved in research and analysis enables the business to find the meaning of any available data which may lead to a resolution of existing problems, create actions or even improve current strategies. The findings will assist business owners in making informed decisions, creating competitive advantage, and achieving defined goals and objectives.
We can assist you in performing research and analysis for the continues improvement of your business. Check how we can help.
Our Approach
- Research and analysis can be done by following the simplified steps as follows:
- Defining the existing situation or problem and objective
- Gathering and collecting data related to the identified problem and objective
- Interpreting and analyzing data using the appropriate method and statistical tools
- Determining management implications based on the findings; and
- Listing of suggestions and recommendations.
What you need to do
- To ensure achieving desired results, you are expected to:
- Provide an overview of the existing situation of the business and share your expected direction and objective.
- Make available the needed data and information in the organization, if necessary.
- Grant permission to gather data from the concerned personnel both within and outside the organization.
- Provide necessary assistance to the researcher (e.g., distribution of survey questionnaire), if necessary; and
- Finally, as the business owner, you are expected to develop solutions and plans to improve based on the analysis and findings of the research.
Research Output
- Graphical/Table presentation of data for a clear understanding.
- Interpretation and analysis of the data.
- Management Implications; and
- Suggested resolutions and recommendations
Pricing
- Pricing is primarily dependent on the nature of the engagement, activities and transactions that are required to be done
- We guarantee high level of service quality at the most reasonable service rates