Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Franchising Sector and Chain Business
Quality Driven Approach
QuickBooks And Xero Certified Experts
50% Reduction
In Costs
Part Time / Full Time Resources For
- CPA Firms
- Enrolled Agents
- Bookkeeping Firms
- Tax Practitioners
- Business Owners
Hire Remote Team
Certificate Expertise
Freshbooks
Freshbooks
Freshbooks
Freshbooks
Bookkeeping Software Expertise
saasu
wave
Freshbooks
odoo
Xero Gold Partner
zoho books
simply accounting by sage
yendo
“& many more”
Our Services
VAT Return
File accurate and timely returns, meet tax compliances and avoid the possibility of hefty fines and penalties being imposed by UAE tax authorities.
Monthly Financial Statement
Get a clear view of the financial health of your organization with monthly financial statements prepared by professional accountants or certified public accountants.
Accounts Receivable Management
Manage your outstanding invoices, improve chances of getting paid within a reasonable timeframe and accelerate your cash flows with the efficient internal system.
Accounts Payable Management
Build a robust and organized accounts payable process to make payments efficiently, cost-effectively and accurately, thus lowering the cost of operations of your business.
Reconciliations
Reconcile and match all your balances to eliminate the chances of irregularity in accounts and avoid any discrepancy between the stated balance and the actual balance held.
Cash Flow, Budgeting and Forecasting
Understand your cash flows and prepare budget forecasts with ease and accuracy based on our data-backed projections and analysis.
Accounting Services
- Records, Bookkeeping and Cash Reporting systems implemented
- Maintenance of Monthly Books
- Monthly Reports of Financial Statements
- Bank and Ledgers Reconciliation
- MIS Reporting (Yearly)
- ESR Review
- Internal Audit and Review
AED 499/-
Price Table
- AED 500/- month from 1 to 100 transactions
- AED 1050/- month from 101 to 400 transactions
- AED 1400/- month from 401 to 700 transactions
- AED 2000/- month from 701 to 1500 transactions
- AED 3000/- month from 1501 to 3000 transactions
We are the 1st choice of businesses for accounting and bookkeeping services in UAE. Here’s why!
Cost Savings Up To 50%
Reduce up to 50% of your operation costs and save huge costs on hiring and training in-house employees. We offer cost-effective online accounting and bookkeeping services that start at as low as US $10 per hour.
Skilled Team
We have a dedicated and skilled team of certified professionals who have in-depth knowledge and understanding of how bookkeeping works in different industries in the UAE. We have a time-tested and proven track record of over a decade for being one of the best bookkeeping and accounting firms in the UAE.
Quick Turnaround
We ensure quick turnaround time and hassle-free operations. We guarantee 24 hours TAT in most cases. However, the turnaround time depends on numerous factors such as project size, complexities involved, type of project and urgency of deliverables, among other things.
Robust Infrastructure
With a world-class infrastructural setup and productive resources, we ensure uninterrupted and timely services to our clients. We have a highly advanced infrastructure to support every latest technology that comes in the field of accounting.
Security and Privacy
Meru Accounting is an ISO 9001:2015 & ISO 27001:2013 certified company. We strictly follow all the safety and security norms to protect the confidentiality and secrecy of our client’s critical data.
Real-Time Access
Because of cloud-based accounting, you get access to your real-time bookkeeping and accounting records, financial data and reports anytime and from anywhere. Your numbers always remain at your fingertips.
Flexible Engagement Model
You can anytime scale up or scale down our services as per your requirements. You can hire us on an affordable hourly rate basis or a fixed-fee arrangement based on your number of transactions per month, company size, number of employees and revenue.
Quality Service
We maintain high quality standards in everything we do. Our primary motto is to deliver quality services to our clients and within the given time frame. This sets us apart from our competitors.
Cloud AddOns Expertise
Cloud AddOns Expertise
Hubdoc
With Hubdoc, you can automatically import all your financial documents & export them into data you can use.
Gusto
Gusto offers fully integrated online payroll services includes HR, benefits, and everything you need for business.
Spotlight Reporting
Attractive performance reports quickly and efficiently. Ideal for organizations that need deeper insight and analysis.
Receipt Bank
Receipt Bank converts those annoying bits of paper – receipts and invoices – into Xero data!
AutoEntry
AutoEntry captures, analyses and posts invoices, receipts and statements into your accounting solution.
Shopify
Connect Shopify and Xero to effectively manage your online sales, inventory and accounting requirements.
Accounting and Bookkeeping for the Franchise business in the UAE
Core Aspects of the Franchise Business in UAE
Proven Business Model:
A fundamental aspect of franchising is the provision of a proven business model with a track record of success. Franchisees benefit from the expertise and experience of the franchisor, who provides comprehensive training and ongoing support. This invaluable guidance helps franchisees navigate the competitive UAE market with confidence.
Legal Framework:
The legal framework surrounding franchises in the UAE is of the utmost importance. Franchise agreements must adhere to local regulations, including labor laws, leases, and contracts. Understanding these legal aspects is crucial for both franchisors and franchisees, as non-compliance can lead to legal complications and business disruptions.
Multifaceted Marketing:
Marketing plays a vital role in the success of any franchise business. Franchisors often provide marketing materials and strategies to promote their brand. However, the UAE's diverse and multicultural society necessitates localized marketing efforts to effectively target specific demographics. Understanding the local market and adapting marketing strategies accordingly is essential for franchise success.
Financial Management:
Efficient financial management is the basis of a successful franchise business. Maintaining accurate accounting records is not merely a regulatory requirement but a strategic necessity. It enables franchise owners to closely monitor revenue streams, control expenses, manage inventory levels, and assess overall profitability. Bookkeeping, in particular, ensures compliance with tax obligations while providing valuable financial insights for informed decision-making.
Competitive Landscape:
The UAE's thriving economy has become a magnet for local and international franchise brands, creating an intensely competitive landscape. To stand out and thrive, franchises must prioritize efficient operations and maintain financial stability. Understanding and adapting to the dynamic nature of the market is essential for gaining a competitive edge.
Why do we need accounting and bookkeeping for the Franchise business in the UAE?
Regulatory Compliance:
UAE authorities mandate that all businesses, including franchises, maintain accurate financial records. Accounting and bookkeeping are the tools that ensure franchises adhere to these regulations. By doing so, franchise businesses avoid legal complications and potential penalties, safeguarding their operations and reputation.
Labor Law Adherence:
The UAE has specific and stringent regulations concerning employee wages, benefits, and working hours. Detailed financial records are crucial for franchise owners to monitor their payroll expenses and ensure they comply with these labor laws. Failing to comply with these laws lead to legal problems and may damage company’s reputation.
Effective Lease Management:
Lease payments represent a significant expense for franchises. Proper accounting and bookkeeping practices ensure the timely payment of lease tasks and help franchises avoid penalties or disputes with landlords. This financial discipline is vital for maintaining operational stability.
Accurate Revenue Tracking:
Tracking revenue streams accurately is a key function of accounting and bookkeeping. For franchise businesses with multiple locations or branches in the UAE market, this becomes even more critical. Comprehensive financial reports provide the data needed to analyze sales performance at different locations, enabling franchise owners to make informed decisions about pricing strategies and expansion into new territories.
Tax Efficiency:
Navigating the UAE's tax system can be intricate, given the presence of various tax-free zones and incentives. Proper accounting practices allow franchise businesses to optimize their tax strategies legally, reducing tax liabilities and freeing up resources for other essential activities.
How to Do Accounting for a Franchise Business?
- 1. A franchise business has its accounting model to report requirements.
- 2. They maintain a standard chart of accounts that is used by all the franchisees.
- 3. The profitability of such a business is generally a certain percentage of the revenue earned.
- 4. Need to frame a policy for writing off of one-time franchise fees.
- 5. Some accounts typically used Franchise Royalty fees and franchise fee amortization.
Benefits of Accounting and Bookkeeping for the Franchise Business in UAE
Financial Clarity:
Gain a clear understanding of your franchise's financial performance. Accurate financial records, including data on revenues, expenses, and profits, enable franchise owners to make informed decisions regarding budgeting, pricing strategies, and cost control measures.
Tax Efficiency:
Optimize tax strategies to reduce liabilities and maximize profits. Well-organized financial records ensure that franchise businesses in the UAE comply with local tax laws and regulations. This not only prevents legal issues but also provides opportunities to legally minimize tax liabilities, thereby enhancing the franchise's financial health.
Strategic Growth:
Use financial insights to make informed decisions for business expansion. Comprehensive accounting practices enable franchise owners to monitor cash flow, track income streams, and identify areas of excessive spending or inefficiencies.
Performance Metrics Analysis:
Assess key performance indicators (KPIs) for strategic planning. Comprehensive financial records allow franchise owners to analyze crucial metrics such as gross profit margin, revenue per employee, and return on investment. This data empowers decision-makers with actionable insights for driving strategic growth.
Profitability with a franchise system
Meru Accounting's Accounting and Bookkeeping services for the Franchise business in UAE
Accounting for Franchise:
We have a planned accounting policies model to meet client requirements effectively and accurately. A franchise business is like a branch or start-up industry that caters to the main brand’s business in various locations with limited establishment and setup. However, various entities such as a franchisor, franchisees, and other regulatory authorities function in this business. For smooth running and proper functioning of their businesses, franchise organizations require reporting of statements.
These statements are of revenue earned, profit, and loss incurred, and business updates concerned with its operations to the concerned franchisor. Then, this reporting takes place ranging from weekly to quarterly and annually. They base it on the specifications laid down by the parent company and other regulatory authorities like the ‘Federal Trade Commission’. Even the franchisor is required to share details and documented information for accounts to the respective franchises that he uses as a reference and for updating. This refers to the franchise disclosure document (FDD) which is a legal report that a franchisor presents to the franchise buyers. Thus, on request, the franchisor should present this document along with other audited financial reports.
Audit Preparation:
We offer expert assistance in preparing for audits, ensuring that your financial records are organized, transparent, and audit-ready.
Budgeting and Forecasting:
We assist you in creating budgets and forecasts that align with your business objectives.
Payroll Services:
Our payroll services streamline this process, ensuring accuracy, compliance with labor laws, and timely payments.
Franchise-Specific Expertise:
Our team is well-versed in accounting for the franchise model, offering specialized solutions that align with your franchise's unique needs.
Conclusion
In the dynamic world of franchise businesses in the UAE, accounting and bookkeeping are crucial. These financial practices provide essential insights for compliance, informed decision-making, and sustainable growth. Meru Accounting offers specialized services tailored to UAE’s franchise needs. You can easily track expenses, manage payroll and taxes, and ensure that the local regulations are met.
Meru Accounting provides specialized accounting and bookkeeping services for your franchise business in the UAE. As a franchise owner, you can get all-round financial services from accounting professionals. Partner with Meru Accounting and open up more opportunities for expanding your franchise business. Strong financial management ensures sustainable growth of franchise business in the UAE. To know more about our bookkeeping services, contact Meru Accounting today!
Hiring Virtual Accountant With Meru Accounting
Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
Help you with switching from your traditional software to Xero and Quickbooks.
We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.
When you choose to outsource your accounting work with us, it benefits you in the following ways:
- 1. Cost-saving
- 2. Access to skilled and experienced professionals
- 3. Better management of books of accounts
- 4. Decreased chances of errors
- 5. Improve business efficiency
- 6. De-burdens in-office employee’s dependency
- 7. Better turnaround time
We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.
Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
- Cyberoam Firewall to prevent any kind of foreign threat.
- Dual-step authentication
- Implement anti-virus
- Limit user access so that login details are with a few people.
Meru Accounting work on some of the best accounting software’s like:
- Xero
- Quickbooks
- Netsuite
- Saasu
- Wave
- Odoo
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
Our Work Information
We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
BAS is generally required to be filed quarterly by various businesses.
Individual Business Owners
Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.
No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.
We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.
Construction Industry
Real Estate Industry
Lawyers
Advertising & Marketing Industry
Physicians Doctors Physiotherapist Dentist
Pharma
Online/ ECommerce
Nonprofit Organizations
Franchise Business
Amazon Sellers
Rental Business
Mining Industry
Manufacturing Industry
Information Technology & SAAS Based Companies
Age Care/ Health Care/ Spa & Saloons
Logistics, Transportation & Trucking
Travel, Tourism & Entertainment Industry
Trading /Brokers
Power & Infrastructure
Wholsale & Retail Industry
Gems & Jewelry Retailer & Exporter
Education
Brick & Mortar Industry
Professional Training Business
Consultancy Business
Aerospace Industry
Financial Services
Energy
Restaurant & Hotel Business
Professional Services
WE'RE HAPPY TO ANSWER
CONTACT US FOR ANY QUESTIONS
Our office address
Global Production Team (India)
902, Shivalik Tower, Nr. Panchvati Cross Roads, Ahmedabad, Gujarat 380009,India
