Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Traders and Trading Companies
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 Trading Firms in the UAE
In the realm of trading companies in the United Arab Emirates (UAE), where busy markets, profitable investments, and thriving businesses converge, the UAE shines as a worldwide trading center, drawing businesses from all corners of the globe. Such a competitive setting brings distinct challenges and chances to the trading companies. As competition intensifies in this lively market, these companies must stay ahead. One of the crucial aspects of running a thriving trading business in the UAE is efficient accounting and record-keeping.
Trading companies in the UAE operate in a landscape characterized by worldwide market exposure, diverse product collections, complications related to taxes and rules, challenges in managing inventory, and the importance of cleverly handling cash flow. In such an environment, keeping precise financial records is not just a routine, but a vital strategy. Competent accounting and record-keeping act as a guiding light for these trading firms, assisting them in managing complex financial challenges.
Core Aspects of the Trading Firms in UAE
Global Market Exposure:
UAE-based trading firms operate in a diverse and rapidly evolving marketplace, engaging in the import and export of goods. They capitalize on the strategic location of the UAE as a global trading crossroads. This international exposure makes them susceptible to fluctuations in currency exchange rates, trade regulations, and geopolitical factors, adding a layer of complexity to their operations.
Diverse Product Portfolio:
Trading firms in the UAE deal with an extensive range of products, spanning from consumer goods to industrial machinery. Managing such a diverse product portfolio requires meticulous tracking and management to ensure efficient operations and customer satisfaction.
Adaptation to Market Changes:
Trading firms in the UAE operate in a dynamic business environment with rapidly evolving industries. To thrive, they must stay updated on industry trends, consumer demands, and competitive landscapes. This adaptability is key to making informed decisions and staying ahead in the game.
Supply Chain Optimization:
With global trade networks becoming increasingly complex, trading firms must ensure smooth logistics operations, from sourcing raw materials to delivering finished goods. Efficient supply chain management is crucial for maintaining competitiveness.
Accurate Financial Records:
Proper accounting systems and meticulous bookkeeping practices are essential. These records provide valuable insights into business performance, enabling informed decision-making by identifying strengths, bottlenecks, and areas for improvement.
Why do we need accounting and bookkeeping for Trading Firms in UAE?
Financial Transparency and Regulatory Compliance:
Accurate financial records are the basis of transparency, a quality that is non-negotiable when it comes to regulatory compliance. Maintaining precise accounts is crucial for adhering to the UAE's stringent tax laws and financial regulations.
Cost Control and Efficiency:
Monitoring expenses and revenue is not just a matter of fiscal responsibility; it's a key driver of efficiency. Accounting and bookkeeping help trading firms identify cost-saving opportunities and areas for improved efficiency.
Legal Compliance and Avoidance of Penalties:
Failure to maintain proper records can result in hefty penalties or even legal action. A dedicated accounting system ensures that trading firms remain on the right side of the law, safeguarding their operations from costly legal complications.
Effective Cash Flow Management:
Maintaining accurate books allows trading firms to monitor cash flow effectively. Regular updates to financial statements, such as balance sheets and profit and loss statements, enable businesses to track their revenue streams and manage expenses in a manner that ensures financial stability and liquidity.
Attracting Investors and Securing Loans:
In a globally connected economy, trading firms often seek external funding for growth or expansion. Accurate accounting records play a pivotal role in this process. Potential investors and lenders rely on concise financial information to assess the stability and potential of a company before committing capital.
How can accounting and bookkeeping help Trading Firms in the UAE?
Audit Readiness:
Well-maintained financial records simplify the audit process, a necessity in any regulated market. Trading firms in the UAE can be subjected to audits, and having organized records reduces stress and potential compliance issues. This audit readiness instills confidence in stakeholders and demonstrates a commitment to transparency.
Improved Cash Flow:
Monitoring cash flow is a critical aspect of financial management for trading firms. It ensures that a firm has the necessary funds to meet its obligations and invest in growth opportunities. By meticulously tracking income and expenses, accounting and bookkeeping enable trading firms to optimize cash flow, enhancing financial stability.
Business Expansion:
Reliable financial data is essential when trading firms seek to expand their operations or attract potential investors. Accurate records support loan applications and provide investors with the confidence they need to commit capital. Whether it's expanding into new markets or scaling up existing operations, accounting and bookkeeping are the foundation for growth.
Cash Flow and Inventory Optimization:
Accounting and bookkeeping offer trading firms clarity on their cash flow, helping them identify areas of overspending or revenue generation. This information facilitates budget adjustments and ensures long-term profitability.
Risk Assessment:
In the UAE's dynamic trading environment, risk assessment is essential. Regular review of financial statements and ratio analysis provides insights into a firm's performance relative to competitors. This data aids in identifying potential risks and opportunities for improvement, contributing to the firm's long-term success.
Benefits of accounting and bookkeeping for Trading Firms in UAE
Financial Stability:
Achieving long-term financial stability is a fundamental goal for any trading firm. Effective cash flow management, made possible through meticulous accounting, plays a crucial role in ensuring financial stability. By optimizing resources and closely monitoring financial health, trading firms can weather economic fluctuations and achieve lasting stability.
Strategic Growth:
In the UAE's competitive marketplace, informed decision-making is key to success. Accounting and bookkeeping provide the data necessary for making those informed decisions. These practices offer insights into financial performance, enabling firms to seize growth opportunities, enter new markets, and adapt to changing circumstances effectively.
Enhanced Reputation:
Building and maintaining a trustworthy reputation is vital for trading firms. Transparent financial practices, including accurate accounting and bookkeeping, contribute significantly to this reputation. Trust is earned not only among clients and partners but also with regulatory authorities, which can expedite various business processes.
Cost Savings:
Identifying cost-saving opportunities and reducing unnecessary expenses is a direct outcome of diligent accounting and bookkeeping. By analyzing financial records, trading firms can pinpoint areas where they can cut costs without compromising quality, thereby increasing profitability.
Simplified Tax Preparation:
Detailed financial records simplify tax preparation for trading firms in the UAE. Accurate accounts enable the precise calculation of taxable income, ensuring compliance with tax laws without complications. This reduces the stress and potential errors associated with tax filings.
Expertise accounting services:
Accounting for Trading Firms – Trading firms are very uncertain about gaining profit and revenue due to the risk involved in trading! We at Meru Accounting understand this uniqueness and based on it we provide our clients with the best accounting and bookkeeping services. We also provide them with regular accounting statements. So the firms can test their businesses and can make important decisions based on it.
Receivables management:
Receiving payments on time is required for a firm to grow and flourish in its business, and thus we have our highly trained staff to provide our clients with accurate receivables management services on time. When using online payment gateways like Paypal, Skrillex, Stripe, Transfirst, Square N, pay, etc.; We help you ensure timely receipts of payments along with accurate reconciliation.
Payroll management:
Trading firms’ payroll systems can be a little complex as they also include a commission to be paid to employees and thus accuracy is much needed. We at Meru Accounting with the proper expertise in accounting software provide our clients with the most efficient and easy solution for paying out the employees and site-workers.
Cash flow management:
Trading firms’ nature requires a different cash flow management, and to provide that we have our expert team of professionals. We regularly monitor the accounts and reconcile them with the receipts of payments. So, there are no discrepancies and shortages of cash flow, which is essential for trading in specific markets.
Profitability per batch:
With our expert team, we help our clients judge their profit per batch for the performed trades, which can help in decision-making and turn profitable for our clients.
Tax planning:
Planning taxes at an earlier stage can benefit a trading firm to save on taxes. We provide our clients with our best tax analysis to plan their taxes systematically.
Taxation:
Taxation is an essential part of a business and requires knowledge and time to execute it properly. Thus, we at Meru Accounting give our clients taxation services, so they can work on their core part and grow their business with no worry.
In the competitive landscape of the UAE, accounting and bookkeeping are essential for trading firms. These practices provide transparency, compliance, and risk management crucial for success. Meru Accounting, a trusted partner, offers specialized services tailored to trading firms’ unique needs. By outsourcing financial management to Meru Accounting, firms can focus on their core competencies while ensuring accurate financial records, adherence to regulations, and informed decision-making.
Meru Accounting’s qualified professionals stay updated with UAE’s evolving financial laws, enabling them to manage daily transactions, prepare precise financial statements, and conduct thorough audits. This partnership streamlines financial processes, minimizes compliance risks, enhances decision-making, and maximizes profitability. For UAE trading firms seeking expert financial services, Meru Accounting is the trusted choice, facilitating hassle-free business growth.
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
