VAT or value-added tax will soon be implemented in the UAE starting January 1, 2018.
But are you aware that as of July 1, 2017 it has become mandatory to maintain the books of accounts of your organization and get them audited.
If you are still not aware about it, you need to act now.
Finance is the backbone of any organization. Proper cash flow management, setting up budgets in advance, ensuring accounting is in place and monitoring variances are critical for the healthy growth of an organization.
Yet while many SME’s find it hard and expensive to hire a full-time CFO, others find it difficult to hire and train accounting professionals.
Therefore, outsourcing of these functions is not only very convenient and cost-effective but it also allows your business to benefit from the expertise of professionals who are well-trained and experienced.
Here’s an interesting infographic that explains the role of each finance professional and how it makes immense business sense for a start-up or an SME to make the most of these services.
Additional Info :
- Centurion Consulting LLC is a leading business consulting firm that assists entrepreneurs and SME in establishing and growing their business in the UAE. We offer both outsourced CFO and accounting services.