Accounting System

Accounting function have pivotal role in any business and similarly use of accounting software plays a crucial role in any accounting function. We assist Small and Medium Size businesses in the implementation of suitable accounting software keeping in view their business needs.  An Accounting software ensures

 

• Cost saving as resources in accounting department can be used efficiently. 

• Improved financial controls and data security. 

• Automation, user friendly and speed.

• Accuracy of financial information.

• Better decision making.  

 

Accounting software is used to record and keep track of all financial transactions of businesses also including management of invoices, cash, bank reconciliation, purchase, payroll, fixed assets, inventory, account receivable, account payable and financial reporting. Accounting reports for instance Trial Balance, Ledgers, Balance Sheet, Income Statement, Account Payable and Account Receivable break-ups, and aging report can be generated from the accounting software.
 

Implementation of any accounting software requires careful consideration of several factors to ensure its suitability for business and also at the start substantial effort is needed for its implementation and testing. We can assist our clients in selecting suitable accounting software and its implementation.
 

The most frequently used accounting softwares for Small and Medium Sized business and Micro entities in in UAE are Quick Books online, Xero, Zoho Books, Sage.