Outsourcing Accounting Services in Dubai, UAE
16 November 2023
Accounting outsourcing is essential for corporate productivity in Dubai. It ensures precise financial management, local regulatory compliance, and cost-effective operations. Outsourcing enables businesses to concentrate on core activities while lowering the strain of in-house accounting responsibilities and gaining access to specialised skills for long-term success in the competitive Dubai business environment.
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In this blog, we have compiled a list of the best accounting outsourcing companies in Dubai for sourcing accounting firms.
What are outsourcing accounting services?
Accounting outsourcing refers to the process where a firm seeks another external entity that is not in the organisation to take care of the accounting and finance activities of the firm. Therefore, the outsourced accountants undertake several tasks like book-keeping; payroll; financial reports, management accounting; tax services; among others.
Is it cheaper to outsource accounting?
While there are certain circumstances that might favour hiring an in-house accountant for accounting, for small firms, outsourcing is often more cost-effective. To effectively analyse value, we suggest contacting an outsourced accounting company for a proposal. Besides, outsourcing is cheaper in terms of operating costs as well as wages, and at the same time, one gets freed up to enable more strategic business activities. Business owners discover that outsourcing their accounting saves them considerable time and costs, for which they have not even been sure why they did not do this earlier.
What are the benefits of outsourcing accounting services in Dubai, UAE?
Following are the Benefits of outsourcing accounting services in Dubai
Cost-Effective Solutions: Outsourcing accounting services is a cost-effective solution, with outsourced accountants doing quality work at a fraction of the cost of in-house counterparts. The possibility of maintaining the same level of consistency while paying reduced costs improves financial efficiency.
Time Efficiency: Outsourcing accounting saves valuable time for startups and organisations. Businesses can focus on developing strategies and engaging in revenue-generating activities by delegating financial chores, which contributes to overall business success.
Accounting Expertise: Outsourcing accounting services to reputed organisations guarantees access to a team of accounting specialists. In contrast to an in-house accountant, these specialists stay current on market developments, providing essential insights and skills for navigating the competitive landscape.
Scalable Accounting Services: Financial accounting outsourcing services in Dubai are scalable. Outsourcing enables easy expansion as your accounting needs develop without the challenges of a complex hiring procedure. Providers frequently charge by the hour, giving them the freedom to change services as needed.
Comprehensive Reporting: Outsourced service providers are encouraged to deliver accurate reports, as their reputation depends on it. This dedication assures detailed and trustworthy reports, both positive and negative, assisting businesses in making informed decisions and steering their operations in the proper direction.
3. List of the best accounting outsourcing companies in Dubai, UAE
- CDA Accounting & Bookkeeping Services LLC: CDA Accounting and Bookkeeping Services LLC is a highly acclaimed and widely recognised auditing firm in the UAE, with a long history of providing outstanding customer service. CDA, a recognised industry leader, takes pride in its expert team of consultants. CDA, which specialises in Financial Analysis, Human Resources, Audit Assurance, VAT Advisory, CFO Services, Bookkeeping, Payroll, Financial Advisory, and other services, is committed to personalising services to clients' individual needs, corporate structures, and operating regions. Positive word-of-mouth exposure has resulted in additional clients due to the company's integrity and commitment to providing results on time.
Contact details: Office No: 704, AB Plaza -8, Al Mamzar, Dubai, UAE, P.O: 88878
- MSI Alnoman & Ravi, Chartered Accountants: MSI Alnoman Ravi is an accounting firm that provides comprehensive financial services to businesses around the UAE. MSI Alnoman Ravi is well-known as the go-to location for Accounting, Bookkeeping, CFO, VAT, Auditing, and Advisory services in Dubai, Abu Dhabi, and other emirates. It is also one of the country's top accounting and auditing services organisations. MSI Alnoman Ravi stands out as the finest solution for all finance-related requirements in the UAE because of its reputation for delivering customised services depending on clients' demands, business structures, and areas of operation.
Contact details: Office 1607, Prime Tower, Burj Khalifa Street, Business Bay, Dubai, UAE.
Also Read: Accounting Solutions for Small Businesses
- The Sovereign Group: The Sovereign Group is quite known and reputable audit firm in the middle east and the best one in GCC. This is a specialist Company which offers CFO services, bookkeeping, payroll, financial analysis, HR, audit assurance and vat advisory among others. Additionally, it boasts a team of highly skilled experts and excellent customer care. Some of the clients are situated within one country but most of them are multinational corporations, families or people holding their assets and interests across several countries. The Sovereign Group has over three decades of experience managing organisations and estates with complicated structures in several jurisdictions, handling legal, tax, and compliance concerns that may occur in a multi-jurisdictional situation.
Contact details: Office 2601, H Hotel Office Tower, 1 Sheikh Zayed Road - Dubai - United Arab Emirates.
- ARC Associates Auditors & Consultants: ARC Associates is a major auditing business in the Middle East, distinguished by its outstanding team of industry professionals. ARC Associates specialises in VAT Advisory, CFO Services, Bookkeeping, Payroll, Financial Analysis, HR, Audit Assurance, and Financial Advisory, and has received multiple honours for its superior auditing and accounting services. ARC Associates has grown significantly as a major organisation in the UAE by consistently delivering market-leading solutions. The knowledgeable team of professionals provides comprehensive guidance and advice adapted to the auditing and accounting needs of clients. The organisation provides innovative solutions such as exclusive VAT training sessions, business consultancy, and more, tailoring its services to clients' specific needs.
Contact details: ARC Associates Office: 2006, 2nd floor, Entrance C Mazaya Shopping Center Sheikh Zayed Road, P.O.Box: 390831, Dubai-UAE.
- ECAG-Emirates Chartered Accountants Group: Emirates Chartered Accountants, a renowned firm catering to small and medium-sized businesses as well as commercial conglomerates, is an ISO 9001-2008 Certified International Chartered Accountants Group situated in the UAE. ECAG and its associate, United Auditing, are industry leaders in auditing, accounting, CFO services, bookkeeping, payroll, financial analysis, visa services, business setup services, operational services, and more. United Auditing is listed in major UAE banks, free zones such as DIFC, and government departments. ECAG manages legal procedures efficiently, providing comprehensive help from jurisdiction selection to collecting necessary documentation for visas and permits, assuring a smooth process for enterprises.
Contact details: Wasl Business Official Suit no 503, 504, 804 Near Deira City Centre Dubai, UAE.
- Ahmad Alagbari Chartered Accountants: Ahmad Algabri Chartered Accountants is a well-known firm in the Middle East, mainly in the United Arab Emirates. With a strong presence, it has continually provided high-quality accounting and auditing services while putting customer pleasure first. Ahmad Algabri distinguishes itself by offering a complete approach to business, specialising in CFO Services, Bookkeeping, Payroll, Financial Analysis, VAT Advisory, HR, Audit Assurance, and Financial Advisory. Unlike other groups and networks, Ahmad Algabri does not concentrate primarily on one part of business. The organisation ensures that its clients have access to resources traditionally associated with much larger firms by forming strategic alliances with national, regional, and worldwide accounting, legal, and consulting firms. This strategy distinguishes Ahmad Algabri in its ability to provide full and multifaceted service to its clients.
Contact details: 601, Al Zarooni Building, Near Al Rigga Metro Station Exit 2, P.O.Box: 236399, Deira, Dubai, UAE.
- Push Digits Chartered Accountants: Push Digits Chartered Accountants is a Middle East accounting and auditing firm with a strong presence in the UAE and the wider Middle East region. Since its inception, the firm has been committed to providing clients with first-rate services and great customer service. Push Digits is a well-known and well-established organisation in the UAE that specialises in VAT Advisory, HR, Audit Assurance, CFO Services, Bookkeeping, Payroll, Financial Analysis, and Financial Advisory. Aside from excellence, the company takes pleasure in providing cost-effective and flexible services adapted to the specific requirements and demands of its clients. Push Digits Chartered Accountants continues to distinguish out in the business for its dedication to providing high-quality solutions.
Contact details: Office 106, Al Khallafi Building, Tower A, Near Century Mall, Al Mamzar, Dubai, UAE.
- RIZ & MONA Consultancy: Riz and Mona Consultancy, a renowned Middle Eastern business setup, accounting, and auditing organisation, has a brilliant team of industry specialists. The company is well-known in the industry for providing excellent business setup and auditing services. Visa services, business setup services, operational services, and other services are available. Accounting Solutions, Auditing Solutions, Business Startup, Licencing, Registration, Government Affairs, Free zone Company Formation, Regulations Compliance, Management Consulting, Intellectual Property, Organisation Excellence, Offshore Company Formation, Offshore Wealth Solutions, and Family Office Services are among the services offered by the firm to both UAE and non-UAE nationals. Riz and Mona Consultancy prioritise giving the best standards of service with their significant experience and constant focus on incorporating offshore firms.
Contact details: Office 1006, Single Business Tower, Sheikh Zayed Road, P.O.Box: 393598, Dubai, UAE.
- Capella Tax Consultancy LLC: Capella is a well-known and renowned accounting and auditing business in the Middle East, with a strong presence in the UAE. Capella has been committed to providing clients with great services and customer care since its inception. The organisation, which specialises in CFO Services, Bookkeeping, Payroll, Financial Analysis, VAT Advisory, HR, Audit Assurance, and Financial Advisory, provides comprehensive support at the client's doorstep, including day-to-day accounting, document preservation, banking, and statutory compliance. Capella engages closely with customers and their management teams to minimise the risk of errors, thanks to a full-service team with professional qualifications and experience in accounting, auditing, and business consulting. Capella audit reports include findings, recommendations, areas for improvement, and areas for future action, offering a thorough and valuable service.
Contact details: Empire Heights, Podium Floor 3, Business Bay, P.O.Box: 124484, Dubai, UAE
- Aviaan Accounting: Aviaan Accounting is a reputable and well-established auditing firm in the Middle East, with a top-tier team of industry specialists. The company specialises in VAT Advisory, CFO Services, Bookkeeping, Payroll, Financial Analysis, HR, Audit Assurance, and Financial Advisory and has received multiple accolades for offering great auditing and accounting services. Their wide industry knowledge includes Retail, Trading, Oil and gas, Construction, Healthcare, and Education. The firm's efficient processes and effective communication system provide quality service, cost efficiency, and on-time delivery. Aviaan Accounting's greatest asset is its personnel, which includes 18 seasoned Chartered Accountants and over 200 skilled professionals with global experience.
Contact details: Binary Tower, Marasi Drive, Business Bay, Dubai, UAE.
Ultimately, accounting outsourcing companies in Dubai, UAE is a strategic choice for firms looking for efficiency, accuracy, and compliance. A proactive strategy is required in the shifting corporate landscape, and outsourcing enables access to experienced teams well-versed in local legislation and worldwide standards. Outsource accounting services provides a variety of benefits, from cost-effectiveness to scalability, allowing organisations to focus on core activities. Companies who embrace the outsourcing strategy position themselves for financial success in the competitive Dubai market as the outsourcing trend continues to rise. Outsourced accounting can help your organisation grow by transcending traditional practises and aligning perfectly with new corporate demands
About the Author
Auditfirms.aeAuditfirms.ae, a UAE-based online directory, simplifies the search for accounting, auditing, and financial services. We specialise in connecting users with certified professionals, emphasising government-approved organisations with audits and compliance skills. Our free service prioritises user convenience by providing easy access to listed businesses. We give factual assessments of finance management firms in the UAE with a customer-centric focus, assisting you in quickly identifying the top accounting and auditing service providers. Trust us to streamline your search so you can focus on your company's success.