Accounting Services

  1. Accounting and Bookkeeping
  2. Vat Accounting
  3. CFO Services
  4. Financial Controller Services
  5. Audits facilitation (Internal & External )
  6. Business Valuations

We value the relationships we have established with our clients, including our work with accounting firms. Our expert professionals work hard to deliver timely and accurate data and reports.

Accounting and Bookkeeping

Bookkeeping is the first step in accounting and financial reporting. Every business needs to do accounting to know about the results of the business and to manage cash flow. Organizations hire accountants for this purpose, train, and manage them through the course of their employment.

A bookkeeper posts day-to-day transactions in books of ledgers or accounting software’s. He does not prepare financial statements but posting of transactions affects all G/L accounts and that is how trail balance and chart of accounts affect the changes in financial statements. Therefore, it is very important to have a bookkeeper that can post accounting transactions timely and accurately.

Our in-house team works with you from design through the final implementation phase to ensure that the selected software features are a perfect fit for your business. Outsource Accounting Services provides a team of expert accountants and IT techies who have extensive experience developing robust accounting software programs, small business accounting systems, and mid-sized business accounting systems. We can help you grow your business without having to hire additional personnel. Our team can also integrate your existing accounting system software with other popular applications like QuickBooks, Peachtree, tally etc. We provide following business solutions to help your business in accounting and bookkeeping.

  • Bookkeeping for accounts receivable
  • Bookkeeping of accounts payable
  • Maintenance of sales Ledger
  • Maintenance of purchase ledger
  • Inventory Management
  • Maintenance of Cash book
  • Maintenance of fixed asset register
  • Recording of Accruals
  • Reconciliation of Ledgers
  • Bank Reconciliation
  • Credit Card Reconciliation

VAT Accounting

VAT has a wide ranging impact on businesses in areas including supply chain, Accounting/Finance, Human Resources, Legal, Information Technology and Compliance.

The Federal Tax Authority will conduct periodic audits to inspect records and ensure companies are paying or reclaiming the right amount of tax, and hefty penalties would be charged for non-compliance.

Optimizer Middle East Accountant, Management Consultant and training offers specialist VAT Accounting services for businesses in the U.A.E. Our VAT Accounting team has specialist who have specialized experience in VAT registration, VAT process and IT systems implementation, VAT Accounting, Compliance, Training and other Consulting services. We are fully geared to hand-hold you through each step of the VAT accounting implementation journey.

Our approach to VAT Advisory includes the following modules:

  • VAT Accounting
  • VAT Training Program

Financial Controller Services

Our management reporting and controller Services provide you with access to knowledgeable CPA level expertise when your business demands it. Let our professional and experienced team of financial experts perform your company’s Controller level functions when they are required. Our scalable business model allows you to leverage Accounting Controller and Financial Controller services when needed during key periods and then scale back this service during non-peak periods, at your discretion. Many businesses may not hire a Financial Controller because the salary is cost prohibitive. With this function missing, many businesses lack the expertise to prepare management reports, forecasts and analyses operating budgets.

Our Controller level services can be customized to fit your needs and can include the following:

  • Supervision and review of accounting staff’s work
  • Ensuring all revenue earned and expenses incurred during the period has been recorded properly
  • Fixed asset management
  • Reconciliation of all balance sheet accounts
  • Preparation of adjusting and closing entries
  • Preparation of financial statements
  • Compliance with laws and regulations
  • Finding out problems and their root causes
  • Assessing potential risks and losses
  • Recommendations and corrective actions to address the issues

CFO Services

If hiring a full-time CFO sounds expensive, consider our part-time CFO services which will enable you to avoid spending money on high salaries yet still manage your financials. With us, you will have 24/7 access to CPA level staff at affordable rates. We understand that every organization requires a different service portfolio, so we handle each client based on their requirements. A typical team of CFO services consists of a Certified Public Accountant, an Accounting or Bookkeeping Specialist, and a Customer Support Contact.

Our CFO services includes:

  • Budgets and Forecasting
  • Cash Flow Management
  • Key Performance Indicators
  • Financial Analysis and Modelling
  • Financing
  • Special Projects
  • Working with Professionals (FTA, Bankers, lawyers etc.)

Internal Audit

Audits are often considered as a necessary burden but with our value-added approach with our experienced and diverse network of auditors, audits are often thought of as a, necessary benefit. An audit engagement is not looked on as just as a compliance requirement by lender or regulator but as an opportunity to review the organizations systems and processes to see how they may be modified or strengthened for improved organizational control, efficiency and profitability. In order to operate more efficiently, organizations have to continually analyze their internal control processes. Assessing the quality and improving the effectiveness of these procedures helps you stay on the path to success. Because we stay in touch with you throughout the year, our internal auditors can ensure that you understand the project scope and noted controls weakness are discussed with you regularly.

Our Services Include:

  • Financial Statement Audits
  • Inventory verification
  • Error and Fraud Identification
  • Agreed Upon Procedures
  • Due Diligence Services
  • Corporate Governance Reviews and Implementation
  • Efficiency and effectiveness of operational procedures
  • Accuracy and reliability of financial records

Business Valuations

Business Valuations are used to estimate the value of a business for purposes such as buy/sell negotiations, estate calculations, charitable contributions, divorce proceedings and many other business and legal matters. With vast experience, our staffs have the expertise to handle your Business Valuation needs in an efficient and cost effective way.