When VAT was introduced to the UAE in January of 2018, it became vitally important that all companies maintain books and records with complete accuracy to comply with the Federal Tax Authority (FTA) regulations. Our Accounting Team is fully experienced with VAT compliant accounting and bookkeeping practices.
Without well-designed accounting practices firmly in place, a company makes less-informed business decisions—which poses a direct threat to investors, lenders, and stakeholders associated with the company.
At PushDigits Chartered Accountants, we assure that the accounting services we provide will enable you to make informed and timely business decisions throughout your journey to success. Please feel free to contact us so we can discuss your business requirements in detail.
CA, ACCA, CIA, M.Com, Bsc (Hons.)
Partner at Push Digits
You’re the expert when it comes to understanding the needs that drive your business, but unless it is a small scale business, monitoring every function is simply impossible. Entrepreneurs like you are highly creative people, full of great ideas, but less focused on the day-to-day aspects of the business. They readily acknowledge that even if they can do the work themselves, their valuable time is better spent building the business. To that end, they find experts and then delegate the task.
The world has changed. The idea of shopping in a “record store” to purchase a musical selection that can only be played on a home based “record player” seems ridiculous now. Our music is digital and instantly available anywhere, anytime.
For the same reason, companies no longer bother building an in-house accounting staff. AaaS (Accounting as a Service) is a back office technique used by accounting firms in provision of bookkeeping services in Dubai and other Emirates of the UAE, such that it eliminates all the overheads including salaries, office space, equipment, supplies, travel expenses, visas, employee gratuities, and so much more. It saves even more money by eliminating sick days, vacation days & pay, holidays, and innumerable other expenses.
If having an onsite accountant, or accountancy team, is essential to your operation, we can accommodate that, but the truth is that no one needs to do that anymore. While cheaper than having your own accounting staff, it’s still more expensive than doing it electronically, in the Cloud.
Whichever you decide to use, that is where our Professional Accounting Team supports you. We are committed to fulfilling your company’s accounting requirements. Our objective is to provide you with a customised accounting service and a system that integrates perfectly with your business.
Top Expertise driven by Artificial Intelligence
Our outsourced accounting services are supported by the latest AI (Artificial Intelligence) which can instantly identify errors and bring them to the attention of a human being. This is a remarkable improvement over waiting for a month-end or quarterly report from an in-house accountant to find a thousand-dollar-per-day error…
You need to ask yourself: “Why would you deal with any company that is afraid to embrace the latest technology in order to give you the best possible service?” AI is the way of the future; it is far too important to be ignored. See our blog article that describes the importance of this amazing AI technology!
Your Daily Needs
Accounting and bookkeeping are fundamental requirements for every business, large or small. You cannot function without reliable, accurate, and timely financial information. It is crucial to monitor your company’s performance, and essential so you can make appropriate business decisions. Our professional, fully-qualified accountants understand the importance of this, so they work tirelessly to make sure this vital information is available when you need it.
PushDigits Chartered Accountants is one of the best accounting firms in UAE and has worked with the same elite team for many years, skilfully outsourcing its team of expert Chartered and CPA Accountants to our many clients. We hire judiciously to make sure we obtain the very best additions to our staff; we assure that they are talented, familiar with the latest regulations, and always completely accurate. There is nothing more important when it comes to the management of finances and accounts for our clients.
To attain maximum client satisfaction for every penny spent, we have divided our Accounting and Bookkeeping Services into three bundles. This provides three broad classes of service optimization, can based on how much you wish to spend. We can also tailor a customized accounting service, mixing the components of these three accounting bundles according to your preferences.
You can e-mail, courier, or even use ordinary mail for sending the documents to us and our accountants will work from our offices. Electronic collection is by far the easiest, fastest, and most economical method.
If you require all work to be completed on your own premises, our accountant will visit your office to complete the work.
Another option is the Back Office technique.
And of course, we can combine any or all of the above in a way the makes perfect sense for you. Contact us to learn how we can precisely match your needs.
Want to see how it all works? See below infographic that shows our process flow.
The Best Accounting Package?
Some companies perceive a need for an onsite outsourced accountant, and rest assured we can provide this service, if it is what you desire. Whether you need us daily, weekly, monthly, or on a month-to-month basis, it can all be arranged to specifically suit your needs. We are just as comfortable with handling your part-time needs. All you have to do is call, suggest a schedule that will be useful to you, and we will do the rest!
Of course, for the sake of economy, we always recommend off-site support. Attending virtually takes less time, makes us more responsive to your needs, and costs considerably less which we call as Virtual Accounting Services.
Our representatives would be pleased to visit, discuss the assignment, and develop a deep understanding of your business so we can customize your service precisely to your requirements. In the same trip, we can pick up your documents, transport them safely back to our central offices, and get right to work, because in all of Dubai you won’t find a more dedicated group of people that make you feel like our number one priority.
If your current arrangements don’t make you feel great, and provide tailored services to handle all your needs…isn’t it time for a change?
Call us — because we’ll do it better!
Benefits of Outsourcing to PushDigits
At the core of our outsourced accounting services lies the concept of adapting perfectly to each client’s needs. Once we accomplish this, it yields the following benefits for our clients.
We charge a minimal monthly fee, guaranteed to be the best prevailing price in the market. We offer:
- Best competitive monthly price;
- No full time accountants’ salaries;
- No housing or transit costs;
- No visa costs;
- No vacation leaves (available 24/7/365);
- No pay raises;
- No air flight tickets;
- No gratuities;
- No overtime;
- No training costs; and
- Easy transfer to another Professional Accountant, if required.
Access to Expert Knowledge
We provide professionally-qualified accountants, who have experience working across diverse industries and sectors. A dedicated Accounting Partner is also available to offer technical support whenever required. As a result, you get access to a pool of superb accounting knowledge–at an unbeatable price–and an unmatched level of expertise.
Long Term Affiliation
We stand by our commitment to you, and building an enduring relationship of uninterrupted accounting service in all over UAE. This assures that your records are kept up-to-date, and completely accurate, for the duration of our business relationship.
Accounting and Bookkeeping Services – Key Elements:
- Setting up of Chart of Accounts
- Entry of business transactions (sales, purchases, journals etc.) as per Accounting Principals
- Allocation of payments & receipts to match invoices
- Sorting and matching receipts & payments with credit card or bank statements
- Bank reconciliation statement
- Co-ordination with Auditor for Financial Statements Audit
- Preparation of year-end audit schedules and reports
- Preparation of year end working papers, reconciling balance sheet items, posting of adjusting entries, year end accruals, allowance for doubtful debts etc. to ensure quick completion of audit
- Budget set up & budget status reports
- Extraction of monthly Management Reports
- Extraction of monthly income statement and balance sheet
- Extraction of monthly expenses report
- General Ledger Reconciliations
- Comprehensive Financial Reports (operational & financial ratios and many others)
- Accounts Trouble-Shooting
- Data file backup and storage
- Bank level security
- Gratuity provision calculation as per UAE labor laws
- Presentation of Weekly Bank reconciliation Statement
- Set Up Payroll System
- Reviewing and processing payroll
- Accounts payables reconciliations
- Accounts receivables reconciliations
- Aged Receivables Management (debtors)
- Aged Payables Management (creditors)
- Monthly review of your accounts by a professionally qualified Partner
- Monthly presentation of accounts to help you better understand your business
- Reconciliation of any end of year amendments required by external auditors
- Monthly Management Report highlighting the critical areas of improvement including areas to improve business efficiency
- Co-ordination with Accountant (in case of a partially outsourced bookkeeping service)
- Break-even Analysis (if requested)
- Ratios Analysis
- Any other report on request e.g projected cash flows report
- And of course, Fantastic customer support
Why is it Strategically Important?
We don’t just sell words—we provide the best accounting services in the region! That is why we are proud to have achieved 100% client satisfaction. It is also why we have an outstanding client retention record, making us the market leader. See our Testimonial page and enjoy what our customers have to say about our great service. We would love to have your story, too!
Of course, there is more to bookkeeping services than just reconciling ledgers! Visit our services page, and see our diverse offerings, including our unique selection of key elements that you won’t find anywhere else!
We Make It Work for You
PushDigits not only provides accounting services in dubai and other Emirates of the UAE; we also help in setting up the most widely used accounting software such as Zoho Books, Xero, Tally.ERP 9, QuickBooks and Sage. We are Authorized and Certified Partners with all of these premium accounting software distributors and have been Featured in IBM as One of the Best Accounting Software Consultants in UAE. Our team members that work on your accounting job are also experts on installation, training, and customization of these packages to assure they meet your business needs.
Our price for these accounting software packages is unbeatable. As Authorized Partners and Distributors we deliver the maximum value for our clients by providing premium accounting service packages at a reasonable, economical cost.
Our clients always experience high trust and confidence levels with our outsourced accounting services due to the excellent level of coordination and commitment. This is further enhanced by the involvement of our CEO and Partners in the operational accounting work of the clients. Our customers come from diverse backgrounds and numerous industries, which is why they rely on our expert accounting knowledge gained from working in these industries.
In the end, PushDigits is the only real choice when you seek expertise, experience, and economy all in the same place. Speak to us today and let us get you on the way to improved financial reporting.
We would love to speak to you and find the best way to serve you and your company’s accounting needs!
We believe that our unique approach to customised services is unmatched by any other Firm. We care about you and your business, because we believe that when your business succeeds, our business succeeds, too—and that is the hallmark of a mutually beneficial, long-term relationship.
Top 10 Frequently Asked Questions
Of course you have questions, and a comprehensive Q&A list can be found here, but the most popular ones are conveniently located below.
Absolutely not! At PushDigits we are solving a long-standing problem. The business world welcomes thousands of new businesses every year. Unfortunately that means companies are having trouble locating local accountants to manage their evolving needs.
The industry is over-capacity, straining to meet the needs of new business. And sadly, our education system tells young people to focus on technology sciences. As a result, few recognise the value of an accounting career, which is why they are so hard to find.
Honestly, on a typical day, you won’t even see your own accountants—modern consultations occur by e-mail, not face-to-face. That means new companies never even set up traditional analogue bookkeeping. There is so much vital information available through technology that yesterday’s manual, on-site solutions no longer make sense.
At PushDigits we provide all the capabilities of an accounting department 24/7/365, but at a 75% cost saving. There is absolutely no reason why it must come with expenses like salaries, business equipment, rental space, parking spots, visa & immigration fees, air travel, and all those other seldom considered costs.
We have over 20 fully-qualified Accountants, as well as 3 Partners and 2 Managers, that have more diverse talents and international knowledge than any single accounting department could ever muster. As the accounting needs of business change, PushDigits is here for you to make that transition as easy as possible.
There simply aren’t enough people to hire! Modern graduates look for careers in computing, 3D-printing, and other jobs they perceive as vital. Very few look to accounting because it is so “ordinary” to them. The result is a tremendous shortage of qualified professionals.
PushDigits is a very large firm, with a large stable of accounting experts, so we can provide necessary services to thousands of clients. We are filling the void left by too few accounting graduates to meet the needs of business.
The reason companies choose us is for our flexible pricing and the amazing cost savings, eliminating infrastructure & administrative hassles, enhanced efficiency, proven data confidentiality & security, our fast turnaround time, access to our skilled service providers, and the complete transparency of operations. Don’t worry—you’ll love us, too!
Our customers are from all over the business spectrum, including e-commerce, consulting, manufacturing, real estate, investment services, owners associations,marketing, petroleum, banking, consulting services, and many more.
As to size, our clients range from small to medium sized businesses, all the way up to big corporations with revenues up to $50 million or more. Don’t worry—we have experience dealing with businesses of every size!
Expertise, that would not ordinarily be available, is found at PushDigits because our experts come from every continent, bringing knowledge from every conceivable accounting experience. Give us your toughest questions, and we already know the answers.
We know all the local laws, of course, but if you conduct international business (or wish to) you’ll need to know how the laws and regulations differ from those you’re accustomed to. We know it all!
Your data is kept on secured servers and protected by procedures and security policies designed specifically to make sure that workstations are impenetrable, the network is proof against hackers, and that your data always remains in a protected environment. Whenever information is being transferred it is always thoroughly encrypted so that even if it were intercepted it would be completely useless to anyone else.
No, because of the “economies of scale”, we can confidently predict that your costs will be 75% less than maintaining your own accountancy department. You will eliminate all of the salaries, vacation pay, insurance, benefits, as well as office space, equipment, and supplies. In addition you get 24/7 service, every day of the year, so it doesn’t matter what time zone you are in.
Of course! Depending on your needs and schedule, we can bring enormous resources to bear on any project or problem. We deliver on time, every time! And best of all, your work is always handled by a professional accounting expert, not a first year graduate! Quality and accuracy is always a first priority.
Simple! We can arrange a complete handover in just seven business days, and we’ll make the transition process as smooth as possible. Essentially, from your point of view, nothing changes. You’ll continue to use the provided software, entering your daily data, recording receipts and all the other day-to-day functions for your business. Just be prepared for the increased demands on your time, or a substantial price increase, if you hand it over to a local accountant.
Absolutely! All of our accountants and auditors are trained and/or certified by international professional associations such as ACCA (Association of Chartered Certified Accountants), CPA (Institute of Certified Public Accountants), ICAP (Institute of Chartered Accountants of Pakistan), ICAI (Institute of Chartered Accountants of India), CIA (Institute of Internal Auditors), and the IRCA (International Register of Certified Auditors). They all follow the stringent standards of important organisations such as the ACFE (Association of Certified Fraud Examiners), too.