OVERVIEW
Modern business owners face considerable challenges in managing time and the vast array of commercial pressures that come with the turf. With these multiple challenges and priority, often given ahead of what may be considered transactional functions, Affiniax offers tailored solutions for you. We can advise and implement on the right policies and procedures that will work for your environment managing book keeping, accounting, and payroll assistance. This can ease your administrative burden and allow you to concentrate on what you do best, operating your business at the front line. The expertise of our accounting teams ensure compliance with local regulations such as Company Law, Labour Law, etc. , presentation of financial statements in accordance with IFRS, VAT regulations and so on. In addition to providing accurate financial reports on the historic performance and position of the business, we are able to also assist in key decision making by providing forecasts and budgets for the business. This value addition goes hand in hand with our outsourced CFO services, whereby our senior professionals are able to advise clients on the direction in which the business is heading and provide advice on corrective measures to be taken.
Outsourced Accounting in Dubai
Outsourcing an accounting or HR function in Dubai may seem like a strange concept to many small business owners in the UAE, as conventional wisdom dictates that an organization should always perform all functions in-house, wherever possible. However, modern schools of management suggest that growing businesses actually benefit far more by focusing on their core competency and outsourcing ancillary functions at a lower cost.
Therefore if you are a sales-based organization, you would ensure that marketing and sales are all done in-house, but ancillary functions such as accounting, HR and legal are outsourced. The benefits from this approach can be manifold:
- Allow your team to focus on their core competencies: Time spent on other tasks is time taken away from their core competency, in cases where employees are used for functions outside their primary role/
- Provide your Organization with greater flexibility: Outsourcing allows you to hire team members based on seasonal requirements, instead of being saddled with an added annual cost.
- Save on overheads: When you outsource these functions instead of hiring an additional employee, you save on overheads such as sick days, leave and visa costs.
- Allows for greater expertise: Outsourcing these functions allows you to bring in experts with a wealth of experience, who may have otherwise been beyond your organization’s budget.
Affiniax Partners offers several models for companies to outsource their accounting, such as:
- Outsourced Bookkeeping Service
- Deputed Accountant
- Outsourced Finance Manager
- Outsourced CFO Services
- Payroll Services
In order to learn more about one of the specific models, please click on the link or get in touch with us.
OUTSOURCED BOOKKEEPING
SERVICE
Hiring a full time Accountant in Dubai to manage your company’s accounts can be an expensive proposition. The costs involved in terms of salary, gratuity, leave encashments and…
DEPUTED
ACCOUNTANT
Many businesses have a temporary requirement for accountants due to their peak season demands or shortage of staff. At Affiniax, we provide such businesses with…
OUTSOURCED FINANCE
MANAGER
Affiniax is one of the top finance management companies, providing various levels of financial management services. Our services help companies to get a better…
OUTSOURCED
CFO SERVICES
Hiring a truly knowledgeable CFO is an expensive proposition and for many small-to-medium sized companies – a pipe dream that may come true based on the company’s…
PAYROLL
SERVICES
While conventional wisdom might dictate that payroll services are services that a small organization can handle in-house at a far cheaper cost than if it were outsourced…
PARTNERS
Frequently Asked Questions (FAQs)
1. What accounting services does your firm offer?
We offer a comprehensive range of accounting services, including bookkeeping, financial statement preparation, tax planning and preparation, payroll processing, auditing, budgeting, financial analysis, and consulting.
2. How can professional accounting services benefit my business?
Professional accounting services can help businesses maintain accurate financial records, comply with tax regulations, make informed financial decisions, improve cash flow management, and ultimately achieve long-term financial stability and growth.
3. What industries do you specialise in?
Our firm serves clients across various industries, including but not limited to retail, healthcare, construction, hospitality, technology, and professional services. We have experience working with businesses of all sizes, from startups to established enterprises.
4. How do you ensure the confidentiality and security of my financial information?
We take data security and confidentiality seriously. Our firm employs strict security measures, including encryption, secure data storage, restricted access to sensitive information, and compliance with industry regulations.
5. Can you help with tax planning and compliance?
Yes, we provide tax planning and preparation services to help businesses minimise their tax liabilities, maximise deductions and credits, and ensure compliance with federal, state, and local tax laws.
6. Do you offer virtual accounting services?
Yes, we offer virtual accounting services for clients who prefer remote assistance. Our virtual accounting services include cloud-based bookkeeping, online collaboration tools, and secure communication channels to ensure seamless interaction and support.
7. How do you customise your services to meet the specific needs of my business?
We understand that every business is unique, so we tailor our services to meet your specific needs, goals, and challenges. Whether you require basic bookkeeping support or comprehensive financial analysis, we work closely with you to develop personalised solutions that align with your objectives.
8. What is the process for getting started with your accounting services?
To get started, simply contact our firm to schedule an initial consultation. During the consultation, we’ll discuss your business needs, assess how we can assist you, and provide you with a customised service proposal. Once engaged, we’ll work collaboratively to streamline your accounting processes and help you achieve your financial goals.
9. How can I track the progress of my accounting tasks and communicate with your team?
We utilise various communication channels, including email, phone calls, video conferences, and client portals, to keep you informed about the progress of your accounting tasks. You’ll have direct access to our team members and a dedicated account manager for any questions or concerns.
10. What sets your accounting firm apart from others?
Our firm stands out for our commitment to delivering exceptional service, personalised attention, industry expertise, and innovative solutions. We prioritise building long-term relationships with our clients based on trust, integrity, and reliability, and strive to exceed expectations in every engagement.
