Accounting
Accounting Servcies in Dubai, UAE
As one of the top accounting firms in Dubai, UAE, M&M Al Menhali Auditing offers exceptional auditing, bookkeeping, and accounting services throughout the UAE. At M&M Al Menhali Auditing, we endeavour to comprehend your company demands and long-term goals to give you solutions that are specifically tailored to fit your needs. We offer complete accounting services. To help your business function successfully in the UAE, we provide a comprehensive range of accounting services in Dubai, UAE including account reconciliation, updating backlog accounts, bookkeeping, financial reporting, and much more.
Introduction of corporate tax, VAT and other compliance laws in UAE has necessitated maintenance of books of accounts, to have control over periodical accounting and meet the reporting obligations of both the regulatory authorities and business owners. This function now needs critical knowledge of tax laws and International Financial Reporting standards for accounting as the same has become a tedious and complex job for businesses.
Many companies have commenced the process of looking at various options and one of them being outsourcing of these functions to firms which would ensure not just the regular accounting but also ensuring the compliance with the laws. Perspective has to change from accounting function to finance function.
M&M Al Menhali auditing (M&M) can add value to the business by inducting the right team into the function in order to not just do the accounting of transactions but also provide services related with VAT filings, corporate tax filings, any commercial law impacting the business like ESR, UBO, FATCA and any requirements of Anti Money laundering laws. If you already have an accounting team, we can complement their functions by supervising them and providing timely and accurate inputs on all the matters related with tax and commercial laws.
M&M can take up the whole backend functions covering accounts team, banking related services payroll services etc.
Accounting process engineering:
Considering the introduction of various tax laws since 2017 M&M partners with client for conducting accounting process engineering. This involves complete business process mapping, creation of chart of accounts which will capture correct account heads link to provisions of value added tax (VAT) corporate tax (CT). This will assist in obtaining the necessary reports to assist in VAT filing and corporate tax filing. For new clients it begins with an engagement to deeply understand specific challenges and objectives. It may become necessary to select an appropriate software, redesign the workflows and streamline the operations so that appropriate and adequate documents are maintained. After implementation we also provide post – go –live support.