Accounting and Bookkeeping
Bookkeeping
The computation & preparation of annual accounts and other business reports mostly depends on accurate and timely bookkeeping. We can assist your business by:
- Computing and entering purchase ledger documents.
- Computing & preparing bank reconciliations
- Preparing trial balances
- Making creditor & debtor reports.
- Preparing cheque payables and receivables.
- Setting up and maintaining computerized OR manual bookkeeping systems.
Management Accounts
The preparation and computation of management accounts are important to assist in making business decisions; will be requested by your accountants, auditors, bankers, Tax Authorities and other third parties. We can always prepare management reports on a monthly or quarterly basis. These reports are prepared in accordance with your policies and business needs. It includes:
- Financial statement
- Statement of Financial Position (Balance Sheet)
- Annual budgeting and forecasting.
- Variance reports
- Accruals & prepayment schedules
- Intercompany charges & reconciliations (if appropriate)
VAT Returns
Many businesses are required to register for VAT and lodge regular returns.
We can assist by:
- Applying for TRN Number ( Tax Registration Number) if required
- Assisting & advising the best VAT method to adopt (cash, accruals or flat rate)
- Preparing and lodging your VAT returns.
Payroll Services
SAVVY Accountants can always assist with all payroll matters including Employer WPS registration with Ministry of Labour via different banks and exchanges that exists in UAE. Running of weekly or monthly payroll calculations and production of payslips together with all year end filing requirements.