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Saji George Yohannan [SGY chartered accountants]
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Auditing, Accounting, Taxation, Business setup, Financial Consulting in Dubai, United Arab Emirates
Auditing, Accounting, Taxation, Business setup, Financial Consulting in Dubai, United Arab Emirates

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#Accounting #Services #in #UAE

Failure isn’t bad: Some tips from the Professional Accounting Services in UAE

Whether you are a newbie in the business world or are a seasoned entrepreneur, money management can be quite some trouble if you choose the wrong bookkeepers. But with the talented accounting services in UAE, fear not – one single financial misstep is not the end of the world! In fact, they are your learning steps and will keep you safe from costlier and bigger mistakes in the future.

Financial mistakes are more common than you think. You don’t hear much about them because nobody talks about it openly. Here we discuss with you some of the common problems that we see our clients suffer from and how you can overcome them for a successfully thriving business.

Cash Flow and Under-Capitalization
An operating capital is essential for the smooth functioning of a company. Even if you are worth millions, all it takes is one high paying client to delay the bills a bit, and voila – you are struggling to make ends meet. To avoid this risk, be smart in the estimate stages. Conserve extra funds for the tough hours to keep undercapitalization at bay.

All your eggs in a single basket
Another factor for undercapitalization is depending too much on one single client. Don’t be dependant on a single client for all your revenue – diversify clients, take up one or two little paying stable income sources and start searching for your next client before the current contract ends. You could also use a good accounting services in UAE to help you keep updated on the pending invoices and accounts receivable.

Numbers, Numbers Everywhere
Poor accounting can be a major issue in any business. Inaccuracies in your accounts means that you could get caught in legal ramifications. If you get reported for producing false reports that are inaccurate or didn’t pay enough taxes due to wrong calculations, you might suffer big time. If paying attention to numbers is not your cup of tea, or if you really don’t know advanced accounting or if you don’t have the time cross check the invoices, you’d be better off with hiring a professional accounting services in UAE.
Expanding Too Fast
It can be tempting to expand your business quickly. Within a month, you might be probably planning for five new branches with two additional departments. But you should note that expanding as soon as you can afford it is a recipe for disaster! Plan well, calculate thoroughly and carefully trade steps to slowly expand your territories.

When you see that your companies’ finances are strained, it is necessary to look the roots of the issues that have grown from deep within. With the right information and help, you can greatly improve your odds of successfully taking big steps forward with great success! With SGYCA, you get all the needed expertise in one single team with lots of insights, experience and skills. Check us out now to keep your business problem free!
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Best Auditing services in Dubai | Top 10 audit firms in UAE |SGYCA

http://sgyca.com/audit-assurance-related-services/

What is book keeping and auditing?

Bookkeeping involves the recording of financial transactions and other information related to the business on a day-to-day basis.

The most important aspect of bookkeeping is to keep an accurate account of all records and keep them up to date. Accuracy is the most vital part of the bookkeeping process.

Auditing is the systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users.

Please free to keep in touch for any clarification and we are happy to assist you . We are an established team of qualified and experienced Chartered Accountants in Dubai,focusing on rendering comprehensive professional services in financial sector. Our service includes Auditing,Accounting,Corporate Services, Tax Advisory Services,Business Setup Services etc.
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Calculating the breakeven point is a key financial analysis tool used by business owners. Once you know the fixed and variable costs for the product your business produces, or a good approximation of them, you can use that information to calculate your company's breakeven point.Small business owners can use the calculation to determine how many product units they need to sell at a given price point to break even.

A company's breakeven point is the point at which its sales exactly cover its expenses.

To compute a company's breakeven point in sales volume, you need to know the following values of three variables:

Fixed costs: Costs that are independent of sales volume, such as rent
Variable costs: Costs that are dependent on sales volume, such as the cost of manufacturing the product
Selling price of the product

Fixed Costs ÷ (Price - Variable Costs) = Breakeven Point in Units

Please free to contact for any clarification and we are happy to assist you . We are an established team of qualified and experienced Chartered Accountants in Dubai,focusing on rendering comprehensive professional services in financial sector. Our service includes Auditing,Accounting,Corporate Services, Tax Advisory Services,Business Setup Services etc.

With Thank & Regards,

Saji George Yohannan,

SGY Chartered Accountants
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#Chartered #Accountants in #Dubai

Business Set Up Overview
In the UAE, economic activity is regulated by individual emirates as well as the Federal Government. In Dubai, the authorities have deliberately sought to create an environment which is well ordered without being unduly restrictive. As a result, Dubai offers businessmen operating conditions that are among the most liberal and attractive in the region.

There are many options open to international companies seeking to establish a business relationship with Dubai. Apart from forming a trading relationship, many companies find that there are distinct advantages in having an on-the-spot presence in order to research market prospects, make contacts, liaise with customers, and see through the details of any transactions and orders secured.Having such a presence can provide considerable business advantages in the Middle East.

opening a company dubai

Businessmen in the region prefer to deal with someone they know and trust and personal relationships are much more important in doing business in the Arab world than they are in western Europe or America. Also, the buying patterns of some countries served by Dubai tend to be unpredictable, creating a need for first class market intelligence and information. Dubai offers foreign companies a wide choice of business options, including:

Direct trade - selling directly to established dealers and distributors
Commercial agency arrangements - appointee must be a UAE national or company; agreement to be registered with Ministry of Economy and Commerce
Branch or representative office - 100% foreign ownership permitted; local agent (sponsor) must be appointed; Economic Development Department licence required
Limited liability company - foreign ownership restricted to 49%; Economic Development Department licence required
Special free zone investment incentives.
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#Chartered #Accountants in #dubai # Business Feasibility Studies #sgyca.com

Saji George Yohannan Chartered Accountants SGY Chartered Accountants is established by a team of qualified and experienced professionals in the dynamic city of Dubai, United Arab Emirates. We focus on rendering comprehensive professional services in the areas of audit, assurance and related services, Chartered Accounting Services , transaction advisory, risk advisory, tax advisory, corporate services, business set ups and liquidation of companies in UAE.
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