PAYROLL & BOOKKEEPING
SERVICES IN THE UAE

WE CATER TO PAYROLL &
BOOKKEEPING SERVICES
FOR ALL BUSINESSES

OUTSOURCED PAYROLL
SERVICES IN DUBAI,
ABU DHABI &
THE UAE

Keeping track of staff payroll can be a challenging task for any business. This is especially true if the directors and the management team are new to the country and are not familiar with the UAE labour laws.

At Creation Business Consultants, we take responsibility for providing efficient outsourced payroll services compliant with local regulations so the company can focus on the core income-generating business. We operate through one of the top HR system that provides access to the team to manage their attendance, leave, gratuity benefits along with other entitlement in this system. We also provide approval access within the organisation so adequate checks and controls for approval remains within the organisation.

Our services include, but are not limited to:

Wages Protection System (WPS) compliance.
Incentives computation e.g., overtime, commission, bonus etc.
Employee leave management.
End of service benefits e.g., gratuity.
Salary processing and pay slips.
Other employee benefits.
Employee expense reimbursement.

BOOKKEEPING
SERVICES IN DUBAI,
ABU DHABI &
THE UAE

For every organisation, accounting and bookkeeping functions are essential functions both from a regulatory and financial management perspective. Effective financial management depends on maintaining accurate and reliable records of financial activities to have confidence in decision making based on these records. We provide these services and ensure the timely availability of information based on the business needs. We also provide access rights and trainings to ensure the instant access to the system when required without having to rely on external information or timelines.

Our services include, but are not limited to:

Preparation of financial statements in compliance with International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP).
Provide reporting on management reporting including but not restricted to balance sheet, Profit & Loss Statement, and statement of cash flow.
Expert review of financial status.
Migration of the legacy or manual records.

CHALLENGES OF
BOOKKEEPING
& PAYROLL

There are several challenges associated with bookkeeping and payroll management, including but not limited to:

Bookkeeping and payroll processes are governed by complex laws and regulations, and non-compliance can result in significant fines and penalties.
Keeping accurate records and preparing payroll can be time-consuming and requires a significant investment of resources, especially for growing companies.
Data-breach can affect the business and result in payroll frauds.
Maintaining accurate and up-to-date records is critical for bookkeeping and payroll processes, but this can be difficult, especially for companies with large amounts of data.
Technology is constantly changing and evolving, and companies must keep up with these changes in order to stay competitive. This can be a challenge for bookkeeping and payroll departments, especially for smaller companies that may not have the resources to invest in new technology.
Bookkeeping and payroll systems must be integrated with other business systems, such as accounting and HR systems, in order to be effective. This can be a challenge, especially for companies with complex or outdated systems.

HOW CAN
CREATION BUSINESS
CONSULTANTS HELP?

Creation Business Consultants will complete a complimentary restructure analysis in the convenience of your office that is guaranteed to show results.

Group corporate restructure will minimize and mitigate risk, cost savings through consolidation and provide the strongest control position.

PAYROLL & BOOKKEEPING FAQs

WHAT ARE THE ADVANTAGES OF OUTSOURCING BOOKKEEPING SERVICES FOR MY BUSINESS?

Outsourcing bookkeeping services can bring several advantages to a business, including:

Cost savings: Outsourcing bookkeeping can reduce labour costs, as the business will no longer need to employ in-house staff to manage these tasks.
Improved accuracy: Bookkeeping specialists are trained in the latest accounting practices and have the expertise to ensure that financial records are accurate and up-to-date.
Access to technology: Bookkeeping service providers typically have access to the latest technology and software, which can help to streamline and automate bookkeeping processes.
Increased efficiency: By outsourcing bookkeeping, businesses can free up time and resources that can be better spent on other areas of the business, such as growth and innovation.
Compliance: Bookkeeping service providers are knowledgeable about local tax implications and regulations, and can help ensure that the business is compliant with all relevant policies.
Flexibility: Outsourcing bookkeeping allows businesses to choose the level of support they need, whether it be on a full-time, part-time, or project-by-project basis.

Overall, outsourcing bookkeeping services can provide a business with increased efficiency, cost savings, and peace of mind, while allowing them to focus on their core operations and strategies. Reach out to our business consultants for more details on outsourcing bookkeeping services, at [email protected] or call +971 4 878 6240.

WHAT DOCUMENTS DO I NEED TO SUBMIT TO GET PAYROLL INITIATED?

Some documents required to get your outsource payroll process initiated are:

WPS Booklet: This includes names, addresses, and authorised signatory details of the company.
Company documents: This includes Memorandum of Association (MoA), Articles of Association (AoA), and company trade license.

Creation Business Consultants offer a free expert consultation to discuss the payroll procedures and requirements for your business. Book your consultation today via email [email protected] or call +971 4 878 6240.

WHAT TYPES OF PAYROLL CYCLES DO YOU MANAGE?

We use a system that requires the employee to Check-in and Check-out that determines the employee’s working hours and days. Contact Creation Business Consultants by email at [email protected] or call +971 4 878 6240 to start your outsource payroll process today.

DO YOU HAVE A TIMECLOCK SYSTEM AVAILABLE TO TRACK MY EMPLOYEE’S HOURS?

Creation Business Consultants provide monthly payroll cycles for all sizes of businesses. Our finance experts will discuss further outsourcing payroll services, book your free consultation at [email protected] or call +971 4 878 6240.