Outsourced Accounting & Financial Reporting Services
Outsourced Accounting Like No Other
Our goal is to help you focus on growing your business
Outsourced accounting service has been prevalent across the globe, and in the recent years, UAE had become a commercial hub, hosting number of businesses who all need to maintain book of accounts, and record financial transactions. Accounting is one of the cornerstones in every successful business, allowing maintaining and monitoring of the financial well-being of the business.
INTANGIBLES offers best-in-class outsourced accounting services delivering the entire accounting department experience. And as a value adding service, monthly financial reports are provided, serving as an oasis for any financial analysis, helping you make well-informed business decisions.
Choose how you want us to support you
INTANGIBLES will serve as your finance department supporting you from issuance of invoices, managing daily accounting entries, performing reconciliations, monthly closing of books, tax verification, tax filing, and financial reporting.
INTANGIBLES will supervise daily bookkeeping, verify accuracy of accounting entries and completeness of documents. We will also verify and file your tax returns and produce financial reports to assist you in making business decisions.
Let's Talk a Bit About Accounting
Accounting of today is defined as “the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations”, to put it simply, Accounting is the language of business.
Accounting allows companies to assess how well they performed on specific periods and what’s the best decision the stakeholders can make based on the available information. Hence, it is critical for accounting to be done by qualified professionals to reduce business risks and improve the decision makings.
Types of accounting that Intangibles offer:
This is the process of generating financial reports such as Profit & Loss, Balance Sheet, Changes in Equity and Cash Flows Statement for external use. These show the current status of the company, which enhances credibility to suppliers, customers and other stakeholders.
This focuses on the structure of accounting methods focused on tax laws and regulations. This includes tax planning and to avoid any fines and penalties.
This is the process of using accounting information for internal purposes to plan, direct and control operations. Some of the techniques used are Margin Analysis, Constraints Analysis, Capital Budgeting, Inventory Valuation, Trend Analysis, Forecasting, etc.
This is a type of Managerial Accounting that focuses more on all financial transactions of a specific project, and is widely used by construction firms. This includes everything from project costs, billing to revenue, and uses rigorous budgeting.
Financial Report Details
Commonly known as Income Statement, this shows the company’s financial performance during the specific period. The statement includes your revenue and expenses. Tax and interest expensed during the period will also be shown here.
Balance Sheet Statement, one of the fundamental statements, this is where the company assets, liabilities and capital are presented. The statement usually answer questions like: Is the company liquid enough to meet its short-term obligations? Or is the company having a positive net worth?
This statement summarizes the cash transactions flowing in and out of the company categorized into three activities: Operating, Investing and investing. Believed to be the most intuitive statement, the sum of the activities will provide the net cash flow which will always equal to the cash balance in your balance sheet.
Also known as Statement of Retained Earnings, this statement will show the changes in owners “capital” which includes any profit or loss during the period, owner’s withdrawals and any dividends paid.
Why INTANGIBLES?
What we are offering
- Setting up of Chart of Accounts
- Outsourced Bookkeeping Service
- Bank Statements Reconciliations
- General Ledger Reconciliations
- Accounts Payables & Receivables Statements
- Fixed Assets Schedule, Prepayments
- Preparation of Profit & Loss and Balance Sheet Statements
- Budgets and Forecasts
- All other financial reports as required by the management
Your Advantage
- No additional staff cost and training
- Accurate and timely reporting
- Enables you to meet your tax reporting requirements
- Expert evaluation of the current status through interpretation of the financial reports
- Practical recommendations of ways to improve operational areas, among others, cash management and working capital
- Recommendations on ways to improve your financial reporting which could start from assistance in choosing the most suitable software solutions for your operations
Exclusive Packages
for Start-Ups and SMEs
Choose the right package based on your requirements
FREE 6 MONTHS QUICKBOOKS ONLINE SUBSCRIPTION !
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