A bookkeeper manages the transactions in the book of ledgers or in the accounting software on a daily basis. The process of posting transactions influences the Profit and Loss accounts, trial balances and nature of accounts which in turn affect the financial statements of the businesses. Book-keeping is the mainstay for having efficient VAT compliance for business. This makes essential to have a dedicated bookkeeper for timely and accurate posting of business data.
Bookkeeping is the foundation step of accounting, using which VAT return filing, management of cash flows and businesses are done. Our bookkeeping service includes following business solutions.
- Bookkeeping for accounts receivable
- Bookkeeping of accounts payable and VAT invoices
- VAT return filings
- Ledgers Reconciliation
- Cash book maintenance
- Recording of accounting transaction
- Reconciliation of credit cards
- Fixed asset register maintenance
- Sales register maintenance
- Purchase register maintenance
- ·Accrual recordings
Keeping in mind the present needs and challenges, Rank TAX provides tailor-made Bookkeeping solutions, by understanding requirement of the businesses. We make the business tension-free and add to their efficiency by negating the need of hiring and managing bookkeeping staffs by providing services of the experienced professionals, who never stumble in the affairs of bookkeeping. Accuracy and reliability is the supreme concern for them.
How you deliver Bookkeeping services?
We evaluate your accounting requirements and provide you with a quotation. Post discussions the method of delivery and pricing is agreed, we get into maintenance of your books of accounts on fortnightly or monthly basis.
How do we bill you?
Basis the contracted activity we raise invoices. The contract clearly states the payment terms. Activities like set-up and backlog invoices are raised on completion or after a contracted period. The monthly accounting services are invoiced monthly/periodically on the basis of calendar months/period.
Where can I find the official information on VAT for UAE?
The Federal Tax Authority is the designated authority for the implementation and management of VAT in the country. Their website is www.mof.gov.ae, the details of the law are available on the site under the section Legislation.
Why is Rank TAX a better option than my current method of accounting / bookkeeping?
Having a Qualified and Professional Accountant is expensive. Small and Medium Enterprises finds it difficult and burdened to hire highly competent accounting team. Recruitment is a time consuming and expensive option. With Rank TAX in the picture, you can avoid the hassles related to hiring, training and retention while making significant cost savings. Our solutions are completely scalable, letting you increase or decrease your workload at any time.