Whether you are a new startup in need of small business bookkeeping services or already have an established business that needs robust financial services, Zenesis can offer you a range of cost-effective and high-quality services.
Proper and regular bookkeeping is important in sustaining and expanding a business. Without it, you take the risk of hitting cash flow crunches, wasting money and missing out on opportunities to expand.
At Zenesis, we have highly qualified financial professionals including Chartered Accountants, Lawyers, and Taxation Experts who have hands-on experience to make sure that your books are properly maintained and VAT compliant. We can assist with the routine bookkeeping up to finalization of accounts for audit purposes. Our accounting services also include providing financial reports, cash flow statements and ageing analysis on a regular basis.
We will provide you with easy access to qualified bookkeepers and accounting professionals without you ever having to hire them. You can reduce internal operational costs and devote more time and resources to value-added and revenue-generating tasks. A high level of accuracy will eliminate delays and administrative errors, as well potential fines and penalties.
We understand business operations and process workflows to make valuable additions to the business processes and systems and our expertise and experience in the industry will allow you save a significant amount of time and cost for businesses.
Here are some of the benefits in outsourcing your Bookkeeping and Accounting services to Zenesis:
The option of outsourcing is commonly used as it saves cost of hiring people, training them and setting up a whole new accounting department in your organization. Maybe as a startup, the transactions are few and you do not need to have a full time person. We have a team of highly qualified financial professionals including Chartered Accountants, Lawyers, Taxation Experts who have hands-on experience and knows challenges involved in the industry. We can provide Bookkeeping and in Dubai at economical fees. Bookkeeping services will ensure that reliable and accurate books are kept for your company, enabling you to make informed decisions promptly to minimise risks and maximise profits.
Zenesis has qualified VAT professionals on board to help you with VAT registration, filing and compliance of VAT laws. There are very strict benchmarks that must be followed for VAT registration and once registered, quarterly returns must be filed, and taxes paid in time. Failure to comply attracts huge penalties so we recommend that these services are handled by VAT experts.
UAE Law does not require filing of audited accounts every year, though it is needed for branches of foreign companies in UAE. Most of the Free Zones in Dubai need you to file audited accounts every year while renewing the license while Free Zones in the other emirates do not require filing. However, it is important to keep proper records to know the financial health of the company at any point.
Bookkeeping services include recording all business transactions as per International Financial Reporting System (IFRS), Maintaining a fixed asset register
Preparation of Financial reports to show the financial position i.e. assets, liabilities and shareholder’s equity and financial performance.
As we have highly qualified financial professionals including Chartered Accountants, Lawyers, and Taxation Experts.
Putting controls in place is essential to any business operation, Assistance with the creation of Budgets
Top Management of the company should always be able have the latest information of the operations and results of their company on their fingertips
This service includes the liaising with appointed Auditors to prepare schedules and pass year end entries, creating confirmation letters for them and attending to their queries.
As we have VAT experts onboard,Advisory on VAT-related transactions,VAT inputs and outputs,
Following are the different kinds of entities in UAE
The Economic Substance Regulations (ESR) issued by the UAE to curb harmful tax practices according to the standards set by OECD (Organisation for Economic Cooperation and Development). The Regulations require companies and other business forms registered in the UAE that carry on one or more “Relevant Activities” to have economic substance in the UAE in […]
In a free zone, a company can be formed with 100% ownership by the expat(s). Depending on the numbers of owners for the free zone company, the company will be Free Zone Establishment (FZE) when it is having only one owner and Free Zone Company (FZC) whenit is having more than one owner. In some […]
All companies require a bank account, but opening accounts is becoming increasingly difficult due to international transparency and anti-money laundering initiatives. Many banks will no longer open accounts for non-resident companies. Dealing with high risk countries is strictly not acceptable. In any case, the client has to meet with the due diligence requirements, and this […]