Our Services

Accounting & Bookkeeping

We are a recognised and registered bookkeeping accounting service provider, we offer a comprehensive range of financial solutions that are aimed at helping businesses improve their cash flow and profit margins. We can assist you to develop an effective system for recording, managing, monitoring & reporting the financial information of your business to achieve the business goals & targets. Our range of specialised services includes:

  • Creating chart of accounts as per company structure & management requirements
  • Bookkeeping of the financial transactions as per IFRS and International Accounting Standards.
  • Recording and maintaining day to day accounting transactions of payments, receipts, sales and purchases, other expenses and inventory accounting on daily basis.
  • Preparation, maintenance and updating of Fixed Assets Register as per the Standards.
  • Analysis of bank, supplier & customer accounts and reconciliation on monthly basis.
  • Managing monthly payroll & recording of payroll information as needed.
  • Scrutinizing all ledger accounts at regular intervals.
  • Posting regular journal entries, creating month end provisions and month end closings.
  • Preparation of monthly trial balance, profit and loss account, Balance Sheet.
  • Quarterly, Half Yearly and Annual financial statements.

Management Accounting

The primary purpose of a management accounting to assist managers in making financial and operational decisions in an efficient and productive manner. This helps in analysing and improving the company actual performance in terms of revenue, expenses, assets, obligations & business equity. Our team can assist you to prepare management reports by ensuring accuracy and reliability. It is cost-effective and saves precious time for staff and company management to focus other important areas. Our range of specialised services includes:

  • Analysis of Financial Statement
  • Profitability & Ratio, margin Analysis
  • Cash Flow & Budget preparation
  • Inventory valuation & product costing

VAT MANAGEMENT

Managing VAT obligation is crucial for any business. VAT considerations have an impact on changing business scenarios like launching of new services, new transactions, and changes in supply-chain structure. In-house VAT advisory expertise is not enough to handle the VAT impact.

Our VAT advisory services in Dubai focus on all VAT related matters with a qualified, experienced, and supportive tax agent to guide on your VAT issues. We ensure client-focused advisory services with a dedicate VAT team offering wide range of VAT related services. Our Tax advisory services in Dubai conduct specialized review on the current tax position of your business and provide relevant advice related to legal compliance.

Our qualified tax advisor, tax accountants, and finance experts work on VAT advisory, implementation, tax optimization, and relate training services.

  • Identify the VAT impact on your business
  • Create an outline for VAT registration obligation and apply for a VAT registration number
  • Review contractual agreement with suppliers and customers to properly map out the transaction types.
  • Update invoice templates to ensure relevant information on VAT invoices are included.
  • Review the IT and accounting system and implement necessary changes into it to insure VAT record & reporting system is as per adopt the VAT law.  
  • Assist to structured business to avoid unnecessary cash flow, particularly in case of intercompany transactions.
  • Ensure accounts payable received evidences input VAT paid
  • Ensure accounts receivable understands when output VAT should be paid.
  • We advise on imports and exports, application of rules, tax exemptions, VAT treatment of intra-GCC transactions.
  • Prepare and filing VAT returns and claiming VAT refunds.

In-Country Value (ICV) Certification consultancy

ICV program was pioneered by ADNOC Group in 2018 to foster local businesses and encourage them to contribute effectively to the growth of the local economy. Since then, 5 other participating entities have joined forces with ADNOC to create the unified ICV Program.

Key Aspects of In-Country Value (ICV) Certificate

  • ADNOC recommend their suppliers to get their ICV certifications from approved ADNOC. Although noncertificate suppliers can also applied for group tenders their ICV score will consider as zero.
  • ICV certificate can only be prepared on the basis of the audit report of the last financial year. But the report should not be older than 2 years.
  • The validity period of the ICV certificate is up to 18 months from the date of the issue or from the date of new financial statements.
  • Suppliers are required to get their revised ICV certificate within two months after the issuance of new audited financial statements.
  • ICV certificate has become almost necessary for each business entity, which intends to participate in tender with ADNOC or with any related party.

We can assist you to align the Company’s records with the requirements of the ICV Program certification. Make sure that supplier wise procurement, recording of payroll, investments etc. is ready retrieval from the system to generate ICV Supplier Template.

Contact us to enjoy our Services

Emailinfo@booksmanagers.com
Mobile / Whatsapp‎+971 56 900 1691
Visit usInternational City, Dubai UAE