Accounting &
Bookkeeping
Bizedge Corporate Services provide a comprehensive, streamlined approach to managing your financial needs, encompassing auditing, accounting, tax advisory, and various business services under one roof for optimum efficiency and effectiveness.
About Us
BizEdge Accounting
Bizedge Accounting constitutes a cluster of companies operating within the framework of Bizedge Corporate Services Provider CSP LLC. Located in Dubai, our primary mission is to provide our clients with invaluable insights to enhance their operational efficiency. Leveraging our extensive local knowledge and a truly global perspective, we cater to a wide range of clients, including large corporations, medium-sized businesses, aspiring entrepreneurs, and complex organizations based in the United Arab Emirates.
Accounting is a systematic process that involves the identification, recording, evaluation, classification, verification, summarization, interpretation, and communication of financial data. It serves to reveal a business’s profits or losses during a specific period, as well as the nature and value of its assets, liabilities, and owners’ equity. This discipline encompasses both established practices and a body of knowledge related to transaction recording, maintenance of financial records, internal auditing, financial information reporting and analysis for management, and guidance on tax-related issues.
Accounting provides insights into a company’s available assets, the means used to finance these assets, and the results achieved through their utilization. Accounting firms are integral in assisting businesses in improving aspects such as corporate reputation, financial stability, credit management, auditing, and financial reporting. Bizedge Accounting is a prominent accounting firm in the UAE, offering exceptional accounting and bookkeeping services. We have a team of experienced financial advisors and accounting professionals in the UAE dedicated to helping you manage your business. Our services encompass auditing, bookkeeping, VAT, business consulting, and accounting services in the UAE.
Advantages of Utilizing Accounting Outsourcing Services in the UAE
In compliance with UAE Commercial Company law, maintaining financial records is essential for five years. To achieve this, small businesses often opt for outsourcing accounting services, such as those provided by BizEdge Accounting. Their approach combines online and onsite work using cutting-edge accounting software and endorsed strategies.
The key benefits of outsourcing accounting services in the UAE include:
- Allowing companies to focus on their core business activities.
- Utilizing advanced technologies and software for financial management.
- Expert oversight of accounting transactions and report preparation.
- Improving business efficiency and productivity.
- Safeguarding the confidentiality of financial records.
- Cost-effectiveness, with professional services available at a low cost and on-demand.
- Access to highly experienced professionals with a broad market portfolio.
Relevance Of Accounting In UAE
A trustworthy accounting firm can contribute to a business’s success through the following methods:
What is Bookkeeping?
Bookkeeping involves the systematic documentation of the financial details related to business transactions within various ledgers and records. These services are essential for maintaining accurate financial records by meticulously recording the details of purchases, sales, and receipts.
Services Provided by Bookkeepers:
- Reconcile bank accounts
- Record financial transactions
- Manage bank feeds
- Organize financial records
- Handle accounts receivable and payable
- Assist with payroll and HR tasks
- Collaborate with tax preparers for compliance
- Create a Chart of Accounts
- Invoice for services or goods
- Track customer receipts
- Allocate account entries
- Provide value-added bookkeeping
- Perform month-end or year-end closings
Accounting Methods
An accounting method is a practice used by industries to record income and expenses. There are two official accounting methods: Accrual Accounting and Cash Accounting.
- Accrual Accounting records revenues and expenses when they are incurred, regardless of when cash is exchanged. Businesses are required to make reasonable estimates for bad debt expenses.
- Cash Accounting is a straightforward method that records all revenues and expenses when cash is actually received or paid. This method is suitable for small or new businesses operating on a cash basis without inventory.
Services
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Unveil our comprehensive range of services encompassing audit, accounting, tax, and business-related needs, tailored to fulfill all your requirements.
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Affiliation & Accreditations
We take pride in our expertise and would like to discuss the international accreditations and affiliations we possess, ensuring your confidence in our capabilities.
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Testimonials
What Clients Have To Say
Read what our clients have to say about the services provided by Bizedge
If you require accounting, VAT, and tax advice services, look no further than BizEdge Tax Consultants. They genuinely prioritize your best interests, ensuring timely and diligent processes. Their professional guidance is always available when needed. A heartfelt thank you to the dedicated team for their exceptional efforts and outstanding service.
I had an incredible working experience with BizEdge. With the assistance of BizEdge Corporate Service Provider, we successfully launched our business, and I must say, their professionalism was outstanding. They handled business licenses and visas with utmost efficiency, and their responsiveness to our inquiries was remarkable.
I am delighted to express my appreciation for the outstanding services provided by the Bizedge team, as their name aptly implies. With their support, I am relieved of any concerns related to accounting, auditing, or visa services. My collaboration with them began from the start and will undoubtedly persist in the future. keep up the excellent work.
We consider ourselves fortunate to have benefited from the exceptional services of Bizedge Tax Consultants during our first VAT Return filing. Their expert guidance, efficient management, and commendable support make them the ideal choice for tax advisory in the UAE. Without hesitation, we highly recommend their services.
