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CDA Services

Accounting Software Consultancy Services

CDA is a financial software consultant in Dubai, and offering a wide range of services including accounting, auditing, software consultancy, and management. We have the experienced auditors and accountants who offer quality driven services to our clients.As software consultants, we conduct a systematic study of our client’s requirements and recommend the suitable accounting software pertaining to the client’s needs. Further, we assist the implementation of reputed accounting software and help automate the process.

accounting software consulting services dubai

What is Accounting software?

An accounting software is a computer program that allows you to manage the financial transactions of your company. Such programs vary based on the scope and size, as some programs are designed for simple bookkeeping, and others are to manage the entire financial transactions of large businesses. 

Importance of Accounting software in light of Tax

Accounting software makes your tax filing procedure much relaxed by ensuring that all the financial details of your business are in one place.

The Federal Tax Authority (FTA) has released directions for Tax accounting software that such software is required to abide by certain requirements in order to comply with the obligations set out in the Federal Decree law no. (8) of 2017. The tax accounting software providers are required to provide a written declaration to the FTA that their software is following the requirements listed by the FTA.

An advanced software can have the following advantages

  • User Friendly

A good accounting software is user friendly to perform accounting tasks quickly that saves time and money, and allows efficient management of information and finance easily.

  • Increases Financial Performance

Accounting software provides a deep understanding of the overall financial performance of a company. It manages general ledger, accounts receivable and accounts payable, and allows tracing cash flow, revenue and expenses.

  • Increases efficiency

Accounting software allows establishments to increase efficiency by introducing automation that enables to process figures much faster than the manual work.

  • Swiftness in Completion

Accounting software allows businesses to process their accounts with greater speed than manual processing. 

  • Reduced Costs

The speed and efficiency of accounting software reduces overall costs. A smaller team can do the work faster than done manually. Moreover, one can use the accounting software without outsourcing the work to an external expert for simple transactions or for the final analysis of data.

  • Accuracy in Reports

Accounting software provides timely and accurate financial information to the businesses. Many accounting software systems have built-in reporting modules that enable users to create a report immediately by simply filling in a form or clicking a button. You can get an error-free and more precise transactions on accounting software compared to manual work, that increases the productivity.

  • Easy Tax Filing Process

Accounting software makes your tax filing process easier by ensuring that all of your business's financial details are in one place. The tax return software that integrates with accounting programs helps you to calculate your return itself semi-automatically, rather than spending time and resources working out the necessary details by hand.

  • Easy to Handle

A budding entrepreneur or a new employee with little to no training can use accounting software. It can be used in your own computer or mobile device

  • Safe and secure

An accounting software protects the financial information which is the most valuable info of the company. The owner can decide who has to be given the access to operate sensitive data.

Major Features Available in an Accounting Software

An accounting software simplifies the business process, as it includes the following features:

  • Accounting
  • Budget estimation and forecasting
  • Inventory Management
  • Billing and Invoicing
  • Payroll management
  • Fixed assets management

Types of Accounting Software

Based on the requirements, different types of accounting software are available in the market, out of which, some are mentioned below: -

  • Time and Expense System

This helps spot sluggish and incompetent practices that were not noticeable earlier and helps collect payments faster. It also gives comprehensive geographical reports on how the available resources and time are being used in the business.

  • Billing and Invoicing System

This system helps a business to do day-to-day tasks accurately, including writing checks, and reminders for customers on their due payments. 

  • Payroll Management System

This system helps you control the accounts payable and accounts receivable. It helps to calculate employees’ salaries, depositing the salary directly into employees' bank accounts, cutting deductions, preparing tax forms & pays lips, etc.

  • Enterprise Resource Planning System

This is an up-to-date software that helps material purchasing, inventory management, and control finance, product planning, accounting, marketing, distribution, and HR. It also offers modules for business intelligence and CRM.

CDA ACCOUNTING SOFTWARE SERVICES

  • Decision towards selection of Software

Selection of the software must be done wisely as it should suit your business needs. Improper software acquisitions may not meet expectations as they may fail to deliver any appreciable ROI, which may lead your company to rigorous consequences like bankruptcy. We do the business alignment, then select the proper software, and then implement it successfully.

  • Implementation of Accounting software

The implementation process is a systematically structured method to effectively integrate a software-based service into the workflow of a business enterprise. We review your business requirements and processes and design the software and implement it in your system.

  • Training of Accounting teams in ERP accounting software

ERP is the acronym for Enterprise Resource Planning. It is the database software package that supports all the processes and operations including manufacturing, marketing, financial, human resources, etc. of a business. We train your staff with the best practices and procedures to deliver the required serviceability.

  • Chart of Accounts set up as per the Management requirements

A chart of accounts is a numbered list of the accounts that comprise the general ledger of a business. It is a filing system for cataloguing all the accounts of the business and categorizing all transactions according to the accounts they affect. We prepare the standard Chart of Accounts as per the needs of our clients.

  • CRM module and its advice on its importance

Customer Relationship Management (CRM) is an approach for handling associate organization's relationships and interactions with customers and possible customers. A CRM system helps many firms to connect with customers, outline processes, and increase profits.

  • Preparation of MIS and Financial Reports requested by Management

Management Information System (MIS) is used for creating reports including inventory status reports, financial statements, performance reports, etc. This helps management make better plans and carefully organize business operations. These reports are essential for analyzing different aspects of business.

  • Implementation of Control Procedures

Accounting control is the methods and procedures that are implemented by a firm to help ensure the validity and accuracy of its financial statements. It helps a company comply with the law. We help the business to implement control procedures and limit the access of junior level employees as part of the control procedures.

  • Decision towards setting up of/build In-house or Readymade software

We help you make proper decision to select the suitable software, whether an in-house software or Readymade software that suits your needs.

Advantages of an In-house software for your business.

  • Sole ownership of the ERP, the source code and the information picked up on its creation. 
  • Suits to the business fundamentals 
  • Gives upper hand against your rivals and stand ahead in the competition

Disadvantages of an In-house software for your business

  • More expensive to update 
  • May require more IT staff 
  • Higher cost when switch to latest technology 
  • Time-consuming 

Advantages of a readymade software for your business

  • Proven existing solution
  • Supported with Master support and training 
  • Cost effective as no need of consistent maintenance.
  • Application of best industry practices and standards

Disadvantages of a readymade software for your business.

  • Dependence on the seller for any help when issues come up
  • No ownership or no rights to the code
  • Risk of confidentiality due to third person control of the system 

How CDA Can Help Your Business!

CDA is a financial software consultant in Dubai, and offering a wide range of services including accounting, auditing, software consultancy, and management. We have the experienced auditors and accountants who offer quality driven services to our clients.

As software consultants, we conduct a systematic study of our client’s requirements and recommend the suitable accounting software pertaining to the client’s needs. Further, we assist the implementation of reputed accounting software and help automate the process. 

We make sure the software you choose suits to your business needs and size, as a good accounting software improves the cash flow. 

CDA Accounting & Bookkeeping Services LLC also efficiently handle CFO Services, Auditing Services, Accounting & Bookkeeping Services, Accounting Software services in Dubai, Due Diligence Services, and Tax Filing & VAT Consultancy services on time according to the convenience of our good clients. 

Feel free to contact us. Our experts will give you one-hour Free Consultation to drive away your reservations!

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