There are 11 Companies in the United Arab Emirates
that provide Financial Accounting Services!

United Arab Emirates IT infrastructure has known colossal progress since 2010, and the country is expected to become one of the leading tech giants in the world by 2025. Only in 2019, the revenue of the IT companies based in UAE, and mainly in Dubai were estimated at around $6 bn, which is a growth of 12,5% compared to 2018. 

The hourly rate and the average salary of a UAE based web developer reach $57/hour and respectively $1925/mo. This makes UAE one of the most expensive places for IT projects and a good destination for web professionals.  However, due to immigration policies, becoming a resident of UAE is more a dream than a reality and few manage to become. On the other hand, this allows the country to provide IT services and products created and developed almost exclusively by its own human resources. 

Why you should work with UAE-based IT companies

IT companies from the UAE have developed their ability to attract more clients from all over the world due to adapting to market trends and adopting new technologies.  Actionable insight into customer needs, productivity gains, and increased security are just some of the benefits gained from the early adoption of high-end technology and a developed IT infrastructure. 

What you should be aware of when working with an UAE-based IT company

As it was mentioned in the beginning, UAE is one of the most expensive destinations for web projects. Even though the quality of the IT product and/or services are high-end, the hourly rate and cost per project are reasons to give second thoughts if it worths working with UAE-based IT companies. 

Additionally, limited capacities of the companies based in UAE is another key point on what to pay attention to. Since web agencies in UAE are mainly relying on their own human resources, it is possible to experience relatively average project management. 

Are UAE-based IT companies reliable?

Regionally and globally, the Emirates have good reputation in executing and managing IT projects, and the newly adopted government policies in 2018 - increased process transparency and made the companies open to new opportunities. With the high-end technology companies acquire, companies from the UAE are considered a good option for futuristic web projects, based on a report of a British Centers for Business

How the UAE IT industry relates to the neighboring countries

With 2 extremely important business centers: Dubai & Abu Dhabi, the Emirates found themselves in a good position compared to neighboring countries in terms of IT infrastructure. Based on a report from Tech Radar, UAE has invested twice as much as any country in the region in the IT infrastructure and has become a leading provider of IT services with Qatar, Saudi Arabia & Oman behind, in the named order. 

Overall, UAE is considered one of the most promising countries that will bring the IT culture in the Arabian Peninsula to another level, and stimulate neighboring countries to develop and compete. Considering the risks of the oil market and IT, the UAE chose the second as a good investment opportunity and alternative to the first one.

Financial accounting services are the backbone of sound financial management for businesses. These services encompass the recording, reporting, and analysis of financial transactions, ensuring accuracy and compliance with regulations.

IT companies have expanded their services to include financial accounting through specialized software solutions. Some well-known IT companies offering financial accounting services include Intuit (QuickBooks), Sage, and Xero. These companies provide accounting software and cloud-based platforms designed to streamline financial processes, but other smaller service providers are also a good option to take into consideration, as their price range may be lower and the quality of their services could be the same or even better.

IT companies offering financial accounting services are generally reliable. They provide robust software solutions that simplify financial record-keeping and reporting. However, the effectiveness of these services depends on the specific needs and complexities of the business. For more intricate accounting requirements, many businesses still seek the expertise of traditional accounting firms or certified public accountants (CPAs).

Financial accounting service providers utilize a range of tools and technologies, including accounting software such as QuickBooks, Sage 50, and Xero. They also rely on financial modeling and forecasting software, data analytics tools, and financial reporting platforms. Cloud-based accounting solutions have become increasingly popular for remote access and real-time financial insights.

Financial accounting is closely related to various financial and advisory services, including:

• Auditing

• Taxation Services

• Financial Consulting

• Bookkeeping

• Financial Reporting

Financial accounting focuses on routine financial record-keeping, reporting, and compliance with accounting standards. On the other hand,  audit services involve independent reviews of financial records to verify their accuracy and completeness. At the same time, due diligence services are comprehensive assessments conducted before business transactions to assess risks and opportunities. That's why you should always make a difference between these services and choose the right one for your business. 

While on this pages you can find financial accounting service providers, we strongly recommend visiting the Audit and Due Diligence dedicated pages where you can explore relevant vendors in case you need their services in addition or combined with the Financial accounting services. 

Selecting the best IT company for financial accounting services involves evaluating the software's features, ease of use, scalability, and integration capabilities with existing systems. Additionally, consider the provider's reputation, customer support, and the availability of industry-specific solutions.

Financial accounting providers are essential for various projects and business needs, including:

• Small Business Accounting: Managing financial records and payroll.

• Financial Reporting: Preparing financial statements for shareholders and regulators.

• Budgeting and Forecasting: Creating financial plans and projections.

• Tax Compliance: Ensuring accurate tax reporting and payments.

• Investor Relations: Providing transparent financial information to investors.

• Mergers and Acquisitions: Consolidating financial data during business transactions.

Of course, besides these projects and business needs, financial accounting can be used for other purposes as well. It depends on the particular business needs in general. 

Also, financial accounting services are critical for companies of all sizes and industries, including the one from the list below, but, of course not limited to them:

• Small and Medium-sized Enterprises (SMEs): Managing day-to-day finances efficiently.

• Corporations: Ensuring accurate financial reporting and compliance.

• Startups: Establishing sound financial practices from the outset.

• Nonprofit Organizations: Managing donations and grants transparently.

• Government Agencies: Maintaining accurate financial records and reporting.

As for the cost of financial accounting services, they can vary widely depending on the complexity of financial processes, the volume of transactions, and the chosen software or service provider. In the US for example, small business accounting software subscriptions can start at around $20 per month, while customized accounting solutions for larger businesses can range from several hundred to thousands of dollars per month. Costs in the UK and Australia follow a similar range, with variations based on specific business needs and software features. It's advisable to obtain quotes and assess the suitability of the chosen solution or service provider for your business's financial requirements.