Accounting & Bookkeeping

Accounting is the backbone of every successful business organization. Our Accounting Services include the following:

• Record of all financial transactions
• Accounts Receivable and Payable processing
• Bank Reconciliation
• Cash flow management
• Maintain Inventory and fixed asset records

Preparing Financial Statements

Financial statements are essential to every business because it would support business owners to budget, plan, control, and to make sound management decisions. We can provide the following reports:

• Balance Sheet
• Income Statement
• Cash Flow Statement
• Detailed Financial Statement Schedules

VAT Consultation

UAE to implement VAT from 1st Jan 2018 onwards. We will be able to assist our clients in:

• Registering and interfacing with the VAT Authority
• Assist in keeping accurate accounts in compliance with the VAT Regulations
• Assist in preparing and filling the required returns with the VAT Authority
• Advise you of payment to be made as the prescribed dates and assist you in making the payment
• Assist you in negotiations and dispute resolution with VAT Authority

Feasibility Study and Business Plan

The feasibility study is done to flesh out the possibilities in an initial business idea. The business plan then fully describes the business and its financial projections. Our professional finance team can provide feasibility study and business plan for a new business ideas or existing businesses to enter for a new market or business expansion.

Payroll Administration

Lead plus accounting services recognizes the demand to customize payroll services to fulfill the customers requirements based on the organization. Our Payroll Services include the following:

• Master data process to current month’s payroll
• Calculation of over time, leave pay and terminal benefits
• Verification of gross payroll
• Calculation of net payments and deductions
• Preparation of Individual employee pay sheet

Internal Auditing

Internal Auditing is a monitoring activity on the adequacy and effectiveness of the accounting and internal control. The recent survey conducted by the United Nations Organization (UNO) says the main reason for the failure of most small and medium organizations in the UAE is due to vulnerable accounting and internal control system so that the internal auditing is vital to every organization as it is an integral part of the internal control system. Lead Plus Accountants can provide a qualified internal Audit professionals with the below services:

• Supervision and review the work of accounting staffs
• Ensuring all revenues earned and expense incurred during the period has been properly recorded
• Examine all payments are made with supporting documents and proper authorization
• Check sales invoices are made with correct price, quantity and quality as per sales order
• Reconciliation of balance sheet accounts
• Inventory control
• Evaluation of existing internal control system if necessary suggesting a new internal control system
• Providing an internal audit report monthly with recommendations

External Auditing

Lead Plus Accountants facilitate statutory auditing for your company through our trusted associates. The below are the core benefits of the statutory audits:

• To make sure that the financial statements are prepared and presented as per the IFRS (International Financial Reporting Standards) and IAS (International Accounting standards).
• To give assurance to the financial institutions, banks, regulators and stakeholders on the firm’s business performance.
• To provide value addition with desired management reports with various thought provoking advices and recommendations rather than just do the audit.

Accounting Software Solution

Number of computerized accounting software packages with online/web applications available for small businesses and individuals , selecting one that right for your company must be a difficult task.

As accounting professionals , we are exposed to most programs through exposure trade journals and actual use. Our experience with various packages currently on the market as well as awareness of new products allow us to aid you in choosing and implementing a system that will suit your company’s sonly from a technical point of view but, more importantly, from an accounting point of view.

Once you have purchased the software, we will help you to install it on your system. We will then train you and your designated employees to properly use the software to make your day-to-day accounting easier and enhance your business.