Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Pharmaceutical and Drug Manufacturing industry
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
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 Pharma Industry in UAE
Core Aspects of the Pharma Industry in UAE
Research and Development (R&D):
One of the foundational pillars of the pharmaceutical sector in the UAE is research and development. This involves extensive studies aimed at developing new drugs or enhancing the efficacy of existing ones. Pharmaceutical companies in the UAE allocate substantial resources to R&D to ensure they remain at the forefront of medical advancements.
Regulatory Compliance:
The UAE Ministry of Health and Prevention imposes strict regulations governing pharmaceutical products to guarantee their safety and effectiveness. From drug manufacturing to distribution, companies must adhere meticulously to these regulations.
Quality Control:
Quality control is paramount in the UAE's pharmaceutical industry. Rigorous standards must be met concerning product quality, storage conditions, and packaging. These quality control measures are in place to ensure that medications are not only effective but also safe for consumption.
Distribution Logistics:
The logistics of distribution are another critical aspect of the pharmaceutical sector. Proper handling and transportation of medicines are imperative to maintain their integrity and effectiveness until they reach the hands of patients. The UAE's strategic location as a regional hub for pharmaceutical distribution makes efficient logistics and supply chain management a priority for the industry.
Collaboration with Healthcare Providers:
Collaboration between pharmaceutical companies and healthcare providers, such as hospitals and clinics, is fundamental to success within this industry. By working closely together, these entities can effectively address the healthcare needs of the population.
Why do we need accounting and bookkeeping for the Pharma Industry in the UAE?
Compliance with Regulatory Oversight:
The pharmaceutical sector in the UAE operates under the vigilant eye of regulatory bodies. Strict local and international standards are in place to ensure the safety, efficacy, and quality of pharmaceutical products. To navigate this regulatory landscape successfully, pharmaceutical companies must maintain precise financial records.
Effective Financial Management:
Effective financial management lies at the core of a thriving pharmaceutical enterprise. It is indispensable for optimizing costs, budgeting effectively, and allocating resources strategically. These elements are pivotal for the growth and sustainability of pharmaceutical companies.
Taxation Efficiency:
Managing taxes efficiently is a crucial aspect of running a pharmaceutical company in the UAE. Well-maintained financial records are not only vital for minimizing tax liabilities but also for ensuring compliance with the country's tax laws.
Enhancing Investor Relations:
Many pharmaceutical companies rely on external investments to fund research, development, and expansion. Well-documented financial records enhance transparency and credibility, making the company more attractive to potential investors.
Accounting for Pharmaceutical Companies
Typical requirements of accounting in the pharmacy industry
Batch costing for various items-
Batch costing helps to identify the cost per unit of production. Thus, it means keeping an account of costs relating to various item materials, labor, and other items of cost as applicable to the production, processing, manufacturing, or mining activities of the company.
Accounting for Patterns–
The purchased cost of patterns needs to be amortized over time. Therefore, evaluating the useful life of a pattern and the cost of a pattern are the key things that need to be considered. It requires expertise and an understanding of the sector so that the Pharma industry does not go at a loss.
Management reports we can provide and KPI we can track for the Pharma Industry:
Per unit costing-
The small units come together and make a large unit that cumulatively affects the profit and loss of the Pharma company.
Profitability per batch-
We can also help you judge the profit per batch of production, which can help in decision-making.
Standard costing of product-
In our more top-to-bottom internet bookkeeping management, we give you the standard costing of the items being utilized amid assembling and in addition to the creation.
Tracking of profits via business units-
Tracking of profits via Strategic business unit can, then, help you take a call on the continuance of the business.
Benefits of accounting and bookkeeping for the Pharma Industry in UAE
Accuracy:
The basis of accounting and bookkeeping lies in accuracy. Ensuring precise financial records minimizes errors and significantly reduces the risk of financial penalties or legal issues. Given the highly regulated nature of the pharmaceutical sector, accuracy in financial reporting is not just an advantage but an absolute necessity.
Transparency:
Transparent financial reporting boosts trust with various stakeholders, including investors, regulators, and customers. In an industry as critical as pharmaceuticals, where safety and quality are very important, transparency in financial matters ensures that all parties have faith in the operations and integrity of pharmaceutical companies.
Cost Savings:
Efficient accounting and bookkeeping practices can lead to substantial cost savings. By carefully documenting financial transactions and continuously monitoring expenses, pharmaceutical companies can identify cost-saving opportunities.
Informed Decision-Making:
Reliable financial data resulting from accounting and bookkeeping practices empower better decision-making within pharmaceutical companies. Access to up-to-date information on revenue, expenses, and cash flow enables management to make informed choices regarding investments in research and development, expansion plans, or other critical initiatives.
Cost Control:
Precise bookkeeping goes a step further by facilitating cost control. By identifying areas where expenses can be reduced or optimized, pharmaceutical companies can streamline their operations while maintaining the highest quality standards.
Meru Accounting's Accounting and Bookkeeping services for the Pharma Industry in the UAE
Tax Optimization:
Our team of seasoned experts is well-versed in the intricate web of tax regulations within the UAE. We provide guidance and strategies to help you manage taxes efficiently, maximizing deductions and credits while maintaining impeccable compliance.
Financial Analysis:
Informed decision-making is at the heart of financial success in the pharmaceutical industry. Meru Accounting offers in-depth financial analysis that provides the insights you need to make strategic decisions and engage in thoughtful planning. Our analysis reports offer a clear and comprehensive picture of your business's financial health, empowering you to chart a path for growth and profitability.
Handling Complex Transactions:
The pharmaceutical industry often involves intricate financial transactions related to medical research, product development, and licensing agreements. Meru Accounting specializes in handling these complexities with precision. We ensure accurate recording and reporting of such transactions, all while adhering to rigorous international accounting standards.
Streamlined Bookkeeping:
Our bookkeeping services are designed to streamline day-to-day operations. We maintain precise and organized financial records, including sales invoices, purchase orders, payroll expenses, and more. By closely monitoring cash flow management and expense tracking, we empower pharmaceutical businesses to make well-informed decisions regarding resource allocation and cost optimization.
Leveraging Advanced Technology:
Meru Accounting leverages advanced software tools to automate repetitive tasks such as data entry and reconciliation processes. This not only saves time but also minimizes the potential for human errors that can occur during manual record-keeping.
Accounting and bookkeeping are vital for the pharmaceutical industry in the UAE, enabling compliance, effective financial management, and informed decision-making. These services are instrumental in navigating the sector’s unique challenges, including stringent regulations and complex financial transactions. Meru Accounting, understanding the specific needs of the UAE’s Pharma Industry, offers tailored solutions. Our seasoned professionals ensure precise financial records while adhering to regulations.
With expertise in accounts management, inventory valuation, tax compliance, budget analysis, cash flow, and financial reporting, we enable pharmaceutical businesses to focus on their core operations, providing cost-effective solutions. Whether you’re a manufacturer, distributor, or retailer, Meru Accounting streamlines your finances, granting peace of mind and fostering growth. Contact us today for expert accounting support in the UAE’s pharmaceutical sector.
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
