Loading...

Benefits of Outsourcing Accounting Services

Helps the organisation maximise their returns by focusing on their core activities

Reduction of cost as they can get their accounting done at almost 50% of the cost and that too by experienced professionals

Owners/Managers have access to the information everywhere including their mobile devices which aid them to be proactive.

All related services under one roof, including internal and external audits, accounting supervision, CFO services, Business valuation & Value Added Tax (VAT) consulting

Accounting and Bookkeeping Services

Broadway Accounting Services is an independent Bookkeeping firm, providing Bookkeeping and Accounting services for small and medium size companies.
Your own dedicated Accountant, on-site or off-site.

  • Off-site Accounting services- we manage your accounting from our office
  • On-site Accounting services- a qualified accountant working at your office
  • Accounting services managed On and Off-site (a mixture of the above tailored to you)

Successful firm management requires an eye on tomorrow and a willingness to implement change with thoughtful planning. Adding bookkeeping and accounting services can increase firm revenue, and provide your clients with more options to suit their businesses with a higher level of satisfaction.

Why Outsource Your Company Accounting
Deciding Factor Outsource
Accountant
In-house
Accountant
Staff Visa cost NIL Average AED 7,000 for 2 years
Monthly Fixed Expense Approx AED 2,000-3,000 per month Min starting from AED 5,000 per month
Staff Availability Weekly on site visits with all time availability over email/phone Available full time in-house
Staff Spacing Requirement Not required A desk space is required
Annual Leaves ( 1 month) Not required as accounting is outsourced on monthly basis 30 days annual leave with salary
Medical Leaves Not required as accounting is outsourced on monthly basis 12 Days Medical Leaves per year
Medical Insurance Not required – To be taken care by outsourced firm At least AED 2,000 per year
End of Service Benefit Not required – To be taken care by outsourced firm One year salary for each completed year as gratuity
Contract Terms As per your business requirements – No fixed term contract Minimum of 2 years contract as per UAE Labour Law
Service Quality Normally you get senior level Chartered Accountant expertise With AED 5,000 salary you get a very junior level resource
Expert advise on Financial reports Normally get advise from Engagement Partner of the Accounting Firm Rarely get advise as economical resource is mostly by junior
Risk factor It is mostly perpetual, as it is responsibility of the Accounting Firm Key man risk is there if the only in-house accountant leaves the job
×

Free VAT Consulting

Response within 60 minutes.