We provide a comprehensive range of auditing and accounting services designed to meet the financial needs of businesses in today’s global market. Our team ensures that every financial statement complies with International Financial Reporting Standards (IFRS) while maintaining the highest level of professionalism, accuracy, and quality in every engagement.
- Financial accounting system design & implementation
- Accounting Outsourcing Services
- Updating Backlog Accounts
- Accounts Updation on a periodical basis
- Supervision and review of financial accounting records
- Financial Reporting
- Cash Flow Management
Accounting Outsourcing Services
Since 2020, outsourcing accounting and bookkeeping has become a growing trend among small and medium-sized businesses, accelerated by the impact of COVID-19.
In challenging times, many companies find it difficult to hire or retain accountants. Outsourcing offers a cost-effective solution, providing access to skilled expertise, specialized knowledge, and efficient services without the expense of full-time staff.
Accounts Updation On a Periodical Basis
A periodic inventory system updates records at set intervals, unlike perpetual systems that track continuously. Inventory and cost of goods sold remain unchanged until a physical count is performed, typically quarterly or annually.
Between counts, the ledger reflects figures from the last count, making the process less frequent but reliant on time-consuming physical inventory checks.
Financial Reporting
Financial statements provide essential information to shareholders, creditors, investors, regulators, and other stakeholders. They summarize income and expenses through the income statement for a specific period and present assets, liabilities, and equity in the balance sheet as of a given date.
Serving common purposes, these reports are vital tools for informed decision-making and evaluating an organization’s financial health.
Financial Accounting System Design & Implementation
Accounting functions are vital to every business, and effective software greatly enhances their efficiency. We help small and medium-sized enterprises implement solutions tailored to their needs.
Accounting software streamlines financial management by tracking transactions, invoices, payroll, assets, inventory, and reports such as trial balance, ledgers, balance sheet, income statement, and ageing analysis for informed decision-making.
Updating Backlog Accounts
Many businesses, especially start-ups, may fail to maintain proper books of accounts for various reasons. In the UAE, VAT regulations make accurate record-keeping mandatory.
At SSB Consultants, we offer onsite and offsite support for backlog accounting, requiring management to provide necessary documents and bank statements, ensuring compliance and accurate financial records for the relevant accounting period.
Cash Flow Management
Cash flow management involves forecasting, planning, and monitoring an organization’s cash, borrowings, and financial activities, ensuring smooth cash movements and sound financial policies.
SSB Consultants provides businesses with professional support in managing cash and funds, allowing owners to focus on growth while we handle day-to-day financial challenges efficiently, effectively, and with a client-friendly approach.
Supervision and Review Of Financial Accounting
Cash flow management involves forecasting, planning, and monitoring an organization’s cash, borrowings, and financial activities, ensuring smooth cash movements and sound financial policies.
SSB Consultants provides businesses with professional support in managing cash and funds, allowing owners to focus on growth while we handle day-to-day financial challenges efficiently, effectively, and with a client-friendly approach.
