Bookkeeping and Accounting Services in Dubai

Accounting is a function no business can avoid.
A well-paid expert accountant’s work cannot be replaced by many ordinary accountants or an inexperienced accounting firm to whom you have outsourced your bookkeeping and accounting services in Dubai or any other Emirate of the UAE. You will never be certain on your decisions made on the basis of the accounting records maintained by an ordinary bookkeeper. Intelligent businessmen do not compromise on the quality of their accountants just like they do not compromise on their own lifestyle. They want to make sure the data they are using to make important business decisions is “accurate, complete, and reliable.”

In the UAE, compliance requirements are increasing every passing day and no business owner wants to carry the burden of hefty fines due to non-compliance.

The way great accounting companies or Smart Accountants structure the accounting records also goes to a great deal in determining how it protects itself from non-compliance with the laws in the challenging world outside with ever-changing laws and regulations. Consider the recent changes brought by the UAE Government, being a member of the OECD Inclusive Framework, by enforcing the Economic Substance Regulations in the UAE. These regulations require a company based in UAE to notify the Government Authorities if they carry out any of the relevant activities provided in these regulations. For example, to identify if a Company is performing the relevant activities of “Distribution and Service Centre Business,” the flow of accounting transactions of the Company with third parties, connected parties within UAE or foreign connected parties, will play a major role in the Compliance Assessment of ESR. And only a Smart Accountant knows how to manage and record the flow of transactions and structure the accounts appropriately for such an important assessment. A wrong compliance assessment here can put the Entity in a lot of trouble including substantial fines and penalties.

The same goes for the UBO declaration. How would an ordinary accountant know that a single owner company is also subject to Ultimate Beneficial Owner declaration? This declaration applies to every organization registered in the UAE mainland and free zones except entities owned by the government and financial free zones (Dubai International Financial Center and Abu Dhabi Global Markets).

And it does not end here. How would you, as a business owner, ensure that your accountant is carefully recording business transactions to ensure VAT compliance? Can you avoid VAT Penalties as a result of incorrect bookkeeping and accounting? It is not uncommon that countless businesses in UAE are facing millions of dirhams of fines only because of late VAT registration, as their accounts team was not even aware of the voluntary and mandatory threshold for VAT registration.

These are some of the many reasons hundreds of companies have outsourced their accounting and bookkeeping services in Dubai and other Emirates of the UAE to Push Digits Chartered Accountants. We hire ACCAs, CPAs, and CAs for our clients and then continuously train them in our Push Digits Global Academy to ensure they are up to date with market requirements, the latest accounting and audit tools, integrated business process automation, and the ongoing trend of artificial intelligence in the accounting profession.

Dubai – An Oasis of Commerce

Dubai is a second name for making a massive amount of wealth and drastically growing your business due to its strategic location, the diversified economy from oil to real estate to tourism, and being home to a massive number of large-scale multinational organizations. Dubai is a city where residents have a luxurious lifestyle, significant buying power, and a habit to spend a lot of money every day. With the recent launch of the Nasdaq Dubai Growth Market, Dubai has become a heaven for Entrepreneurs and SMEs.

Remember: Business growth is always halted due to the time you spend in operations. You’re the expert when it comes to understanding the needs that drive your business, but unless it is a small-scale business, monitoring every function is simply impossible.

Entrepreneurs like you are highly creative people, full of great ideas, but less focused on the day-to-day aspects of the business. They readily acknowledge that even if they can do the work themselves, their valuable time is better spent building the business.

To that end, they find experts and then delegate the tasks. One of those tasks is accounting and bookkeeping services, and no better firm to outsource this process than Push Digits Chartered Accountants, which has been featured in Entrepreneur as one of the best bookkeeping and accounting firms in Dubai.

Is my Competitor Outsourcing Accounting Function?

Yes, they are. Because they want to invest in building their business rather than building an army of accountants.

The world has changed. The idea of shopping in a “record store” to purchase a musical selection that can only be played on a home-based “record player” seems ridiculous now. Our music is digital and instantly available anywhere, anytime.

For the same reason, companies no longer bother building an in-house accounting staff.

AaaS (Accounting as a Service) is a unique technique used by accounting and bookkeeping companies that eliminates all the overheads including salaries, office space, equipment, supplies, travel expenses, visas, employee gratuities, and so much more.

It saves even more money by eliminating sick days, vacation pay, holidays, and innumerable other expenses. Our objective is to provide you a customized accounting service and a system that integrates perfectly with your business.

Accounting Packages

Accounting and bookkeeping are fundamental requirements for every business, large or small.

You cannot function without reliable, accurate, and timely financial information. It is crucial to monitor your company’s performance and essential so you can make appropriate business decisions.

Our professional, fully-qualified accountants understand the importance of this, so they work tirelessly to make sure this vital information is available when you need it.

We hire judiciously to ensure we obtain the very best additions to our staff. They are talented, familiar with the latest regulations, and always completely accurate.

To attain maximum client satisfaction for every penny spent, we have divided our financial services into different packages:

Package 1 – Cloud-based Accounting

Widely used by SMEs and freelancers. Financial information can be viewed from anywhere with internet access. You can e-mail, courier, or mail documents to us, and our accountants will update your books online.

Package 2 – Onsite Accountant

An accountant visits your office, compiles financial data, and completes the accounting on your premises. Regularly used by mid to large-sized companies.

Package 3 – Back Office Financial Support

One of the most affordable and popular options. Our offices in Pakistan and Philippines support clients worldwide round the clock.

Package 4 – Project Accounting

Ideal for specific accounting assignments like bank reconciliation, data migration, retrospective accounting, etc.

Package 5 – Receivables & Payables Management

Includes:

3-way verification of invoices
VAT compliance
Payment scheduling and debt chasing
Debtors and creditors reporting

Package 6 – Account Reconciliation Assignments

Includes:

Bank/Cash reconciliation
Stock reconciliation
Debtors/Creditors reconciliation

Package 7 – Accounting Review

We review accounts prepared by your in-house team to ensure they are accurate, complete, and reliable.

Bespoke Accounting Package

We can combine any or all of the above in a customized solution. Whether you need daily, weekly, monthly, or flexible schedules, we adapt to your needs. Our team will visit, understand your business, and offer the best possible service.

Key Elements of Our Bookkeeping and Accounting Services

Setup of accounting system & chart of accounts
Recording of all business transactions
Payment and receipt matching
Bank reconciliation
Year-end audit coordination and schedules
Monthly management reports
Budgeting, forecasting, and ratio analysis
Setup & review of payroll
Data backup and bank-level security
Financial write-up services
Debtors & creditors management
Break-even analysis & cash flow reports
Any other customized reporting
Fantastic customer support

Accounting Expertise Driven by Artificial Intelligence

Our services are supported by AI that instantly detects errors and alerts a human expert, reducing costly mistakes and delays.

Why settle for firms that aren’t leveraging the power of AI?

Benefits of Outsourcing to Push Digits Global

Cost-Effectiveness:

No salaries, housing, visa, or training costs
Available 24/7/365
Flexible and scalable service
Best competitive price guaranteed

Access to Expert Knowledge:

Qualified professionals with cross-industry expertise
Dedicated technical support
Deep industry insights

Long Term Affiliation:

Seamless continuity and accurate records
Long-term commitment to excellence

Satisfied Customers:

100% satisfaction rate
High client retention
Market-leading expertise and service

We Make It Work for You

We assist in setup and training for top software like:
SAP, Zoho Books, Xero, Tally.ERP 9, QuickBooks, and Sage.
As authorized partners, we offer unbeatable pricing and service.

The Takeaway

With our expertise, dedication, and modern tools, we deliver accounting solutions that elevate your business. Our CEO and Partners stay involved in operations, ensuring accountability and high standards.

Let’s talk. Let’s grow your business. Let GAlico be your trusted accounting partner in Dubai and beyond.

Accounting Services