Author Archives: lunajohnson

audit-services-in-dubai

Guidelines to avoid Internal Audit Mistakes:

Leave a reply

Companies have changed filings to report previously undisclosed material weaknesses. Besides, there are actions taken in contradiction of individual executives based exclusively on internal controls.

One needs a sound strategy and process for documenting and testing internal controls. The shakeup has even noticed the SEC take harsh action against administrators found to have played a hard in incorrect internal control audits.

The heightened scrutiny of external auditors thus means that you should have a sound audit strategy when testing and documenting internal controls. It would help if you avoided some of the common blunders that internal auditors make.

  1. Remember to add value

Audit Services in Dubai and micromanagement are curved from the identical log. It is difficult to talk about one and remove the other. When operating with an audit team, you should invest enough time in the micromanaging process. The purpose is so to attach value to the audit. For this, you can choose a strategy such as adopting an efficient workflow process that you can adhere to till the end.

  1. Plan and then plan some more

You should have set the idea right from the start that lays out the path to take so that you can efficiently use your time and resources. That means you should commence planning early. The aim in mind is to build a consulting engagement that will aid your senior management to recognize and address the root of the difficulties.

  1. Keep to the big picture

Moreover, do what you can to up the effectiveness and performance of the documentation and reporting processes to the audit committee. Alternatively of hunting for numbers, you should table the current readings to the committee, and do so with ease. You can accomplish this by creating a documentation and reporting process that practices dashboards and reports that auto-update so that you can concentrate on the review part of things.

  1. Account for the unexpected

The sudden may turn up, so how will you react to such a situation? You should have a strategy in place that will encourage you to deal with the surprises. It will assure that you and your team can solve any matter which pops up efficiently.

  1. Erase the stress of extensive audit reports

The audit committee will not want to waste their time going through a story that is as long as a novel. Hence, invest in a real-time, executive-level automated dashboard that has significant metrics and other characteristics that ease the processes. Also, guarantee that you increase visibility for the reports across the organizations to make reporting easier.

At a time when your process and controls are under pressure, be sure to avoid these top internal audit mistakes. These mistakes can ruin anything you were have dreamed about your future.

VAT-registration-in-dubai

Most Common Mistakes Made By SME For VAT Filing In UAE

Leave a reply

Since the introduction of Value Added Tax (VAT), a number of small- to medium-sized enterprises find it difficult to cope with the newly introduced VAT system, thus attracting fines.

Most common mistakes made by small & medium companies when vat return filing in UAE:

  • Non-maintenance of records
  • Mistakes in simply calculating and paying VAT e.g. failing to file the appropriate amounts
  • Poor planning
  • The hiring of the wrong resources
  • Failure to issue valid tax invoices
  • Limited understanding of VAT laws
  • Not having the right accounting setup

Lots of mistakes have been observed related to the input tax deduction due to the misinterpretation of the VAT legislation. The VAT legislation only allows reclaiming input VAT paid to suppliers of goods and services that have been used to make taxable sales.

Mistakes regarding maintenance of VAT records that are most common are as follows:

  • Non-filing of VAT return in UAE;
  • Failure to issue valid tax invoices and VAT credit notes;
  • Non-maintenance of all records and documents as per the requirements of the UAE VAT law;
  • Delay in amending the VAT Registration in Dubai on account of addition in branches;
  • Recovery of input tax pertaining to blocked expenses

Companies should take a thorough review of compliances undertaken and the positions adopted for the last 18 months, create VAT governance framework with proper roles and responsibilities defined for team members. Appoint tax experts for periodic review of tax positions and VAT returns, upgrade IT setup to meet the record-keeping requiring and train to the users.

Being compliant requires constant follow-up of matters and dedicated staff. It is not enough to add tasks to the current tasks of finance managers or controllers. A more holistic approach is required. Although an accountant may have good operational knowledge, he might come short in the legal analysis.

It is very important to train the staff and follows the best tax practices, change their core processes and adapt the accounting systems to achieve a reasonable degree for tax compliance.

The audit and advisory future are undergoing some digital transformation, which is greatly needed in order to provide the businesses of the future meaningful analytics, deliver additional value-added services, it is important to improve internal efficiency and the quality of audit.

VAT filing is an important part of any business if you have any of the facts that are not feline contact experts, they will help to properly file your returns. VAT return filing requires several documentation processes which can be complicated to organize and submit in accordance with Federal tax authority regulations. Our business experts would start from the very scratch and make it much easier to deal with.

VAT return filing in Dubai is highly recommended for you to have a flawless and on-time submission.

industrial-computing-in-UAE

Best Industrial Computer in UAE :

Leave a reply

The manufacturing and industrial sectors are incredibly different. It comprises food processing, metal fabrication, and everything in between. The one thing every industry has, in general, is that the conditions they work in are hard, and wreak havoc on regular computers. Dust and other scraps damage internal parts. Extreme heat and cold, with varying moisture, can kill a computer promptly. Even something as simple as getting a place to install a tower can be complicated and produce a security risk.

That’s why companies in the industrial sector depend on industrial-grade computers. But what exactly sets an industrial-grade computer apart from a standard commercial-grade computer?

Military Grade Components:

Panasonic uses military-grade components in our industrial computing in UAE. These components are specially designed to be shock and vibration proof, withstand heat and moisture variants. They have a much higher MTBF (mean time between failure) than standard commercial-grade components.

Fanless Cooling Technology:

One of the common points of collapse for any computer is the cooling fan. Itis particularly right in industrial settings. Producing floors are filled with particulates in the air that get sucked up by fans and create appliance breakdown. Fanless industrial PCs use a mixture of heat sinks, low power consumption components, and fewer moving parts to decrease heat, allowing for fanless cooling.

Multiple Mounting Options:

Moreover, not only is space typically at a premium on most production floors but having towers on the ground and extra cords create a safety hazard. All of Panasonic’s industrial PCs can be VESA mounted applying 75/100 mm standards. Some of our computers are also dinned rail and rack-mount proficient, permitting you to place the computer where you require it without it getting in the way of workflow.

Types of Industrial Computers:

The industrial sector is so diverse; there is no such thing as a one dimension fits all hardware solution. While choosing a fanless industrial PC, it is essential to examine the application before deciding on the right hardware. Moreover, there are two different types of industrial-grade computers, as well as industrial tablets.

Fanless Mini-Rugged PCs:

Also identified as box PCs, these computers are compact and designed with rugged housings. Hiving din, rail, and VESA mount harmonious typically and can be mounted on anything from a forklift to an outdoor courtyard. Profoundly customizable, these units should have various legacy ports and expansion slots so they can be mixed into any device or application. Variable DC power also indicates that fanless mini-rugged computers can run off their power supply, or be powered by the equipment in which they have been integrated.

Industrial Panel PCs:

These are all-in-one computers built with industrial-grade and military-grade elements that serve any amount of industrial applications. Most regularly, industrial panel PCs are used as HMI (human-machine interface) or control panels for massive equipment. Featuring responsive touch displays, industrial panel PCs are ideal for three-dimensional rendering and CAD software applications. Extra features can be directly integrated into these devices, like RFID, to assist with inventory management and state control. Moreover, all of Cybernet’s panel PCs are IP65 rated, protecting them from dust and water ingress.

audit-firms-in-dubai

Need For Conducting Internal Audit

Leave a reply

Internal Auditing Mechanism

For checking the internal management system of an organization, the Internal Auditing system was conducted with the help of various audit firms in Dubai.

Classically, Internal Audit functions were set up by corporate management to assess the internal control system established by management. It works as a control mechanism to analysis the financial controls of the company.

According to the Institute of Chartered Accountants, an independent management activity, which analyzes working of an organization critically and also present suggestions for the betterment of mechanism of the entity, including the entity’s related strategic risk management and internal control system.

Experts do the main activity of internal auditing after doing detailed research about the culture of the business and processes. It checks for the adequacy of internal control to deal with risks, the effectiveness of the administrative process and organizational goals and objectives.

The purpose is to gain relevant knowledge of the entity’s accounting system, policies, and internal control procedures. It helps to establish the very expected degree of trust to be placed on internal controls. It is the path to assessing nature, timing, and extent of the audit procedures going to be performed. Apart from that, one of the primary significance is to coordinate the task to be completed.

As per the Institute of Internal Auditors (IIA), USA internal audit is an independent, objective-oriented system designed to increase value and improvement in an organization’s operational procedure.

Evaluating the efficiency of internal audit

  1. Cooperation from Management:

Inner audit system work cannot be conducted unless management shows positive attributes toward this system. Internal audit should make specific the main objective of conducting an internal review, i.e. an Audit charter may be helpful in this case as it present expectations of the stakeholders, auditors, and management. The primary purpose of Internal should be evident to the internal auditor and the top management.

  1. Reporting Channel:

Now, to make this system crystal clear report must present to high management without any tempering giving an accurate picture.

  1. Judging Significance of Internal Control:

It is essential to check if all the internal controls that exist are implemented and are effective. The internal auditor must have to consider a failure if he failed to understand the scope of the audit.

  1. Reflection of Audit report:
  • The summary is given by Director – for top management.
  • The operational head should provide an executive summary in this regard.
  • The detailed audit report must be submitted for related operational personnel and for people who are being responsible for the implementation of recommendations and the CFO of the Company.
  1. Follow-up procedure:

The auditor should have a check and balance of required audit findings that need implementation.

  1. Feedback from the auditor:

The internal auditor must take input from the client on the audit report, which is the final product delivered. Feedback on the quality of the audit report taken from the top management.

rugged-tablets-in-UAE

Are Ruggedized Tablets used for Air Force Logistics?

Leave a reply

Ruggedized Tablets: Air Force Logistics

All departments of the military, including the Air Force, are utilizing purpose-built rugged tablets for fleet maintenance, helping to streamline processes, improve the workflows, and enhance productivity. These portable, high powered tablets have swiftly become a way to quickly and competently manage tasks from inventory reconciliation to the standard checks.

The advantages of the rugged tablets in UAE for plane maintenance include their capability for streamlining processes and workflows among the crewmembers and at the administrative levels. Common Access Card (CAC) readers make it easy for multiple members of any group to effectively use the tablet at their level of data access. Features like cameras, GNSS and GPS modules, and more allow for real-time data in various forms to be captured and sent to specialists for help in the field.

Tablets improve fleet maintenance and management by:

  • Giving facilitation of admin-based maintenance tasks for speed and efficiency.
  • It creates many layers of safety and redundancy for sensitive files.
  • Automating data collection, sorting, and retention for faster data interpretation.

All of these improved processes can give maintenance support across various fleets, including ships, tanks, trucks, and planes. Wireless tablets can be pushed into service to feed data from various points constantly, rendering an actual picture of the whole fleet and exact, real-time data concerning particular machines.

This can give Air Force maintenance crews with better connectivity and higher efficiency, with proven data capture and transmission methods and purpose-built ruggedized tablet deployment for increased productivity for the following tasks:

  • Technical maintenance management.
  • Warehouse inventory control.
  • Field testing, training, and data oversight.

While civilian use of ruggedized tablets has included swift adoption and innovation, the sensitivity and security of military information delayed full deployment of ruggedized tablets until experienced designer-manufacturers like Panasonic concentrated on military-grade feature advancement. Each rugged tablet is built to rigorous military specifications for stability and security protocols.

Maintenance and software in military aerospace are currently capable of taking benefits from this specification and customization. Touchscreen interfaces and long-life batteries with hot-swap capacity are present in the latest ruggedized systems, enabling flight-line preservation processes for military aircraft to be continuously digitized and improved. There are multiple benefits in the air and for reconnaissance, transport, and theater situations as well, with satellite communications (SATCOM) connectivity delivering situational awareness through mapping data, images, and videos.

Full utilization of ruggedized tablets for fleet maintenance and management in the Air Force brings the concept of a cyber-controlled military one step closer to fruition, guarding the lives of service members and making every process in the line of duty safer.

getac-rugged-tablet-in-UAE

Are Rugged Tablets used for Law Enforcement?

Leave a reply

Rugged Tablets: Law Enforcement

Throughout the year, dedicated men and women put on their dresses and consume their days defending our cities and our towns.

Police and first responders struggle tirelessly to keep us safe and regularly lend their assistance whenever and wherever there is a crisis. Our law enforcement deserves tech that is devised for them and their responsibilities to do this to the best of their ability.

Police and first responders are fast, reliable, and durable — of the mind, body, and heart. The technology that supports their valiant efforts should be the same.

Here is how Panasonic’s purpose-built tablets are fast, reliable, and robust in ways that match the hands and minds that use them:

Ultimate Efficiency:

With an energy-efficient Intel 8 Generation Core and quad-core processor, Getac Rugged Tablet in UAE were designed to analyze data, compute solutions, and provide information quickly.

Similar to the way it takes a police officer a few moments to assess a critical situation, it makes our tablet the same short amount of time to perform whatever action inputted from the officer. Our tablets can quickly access law enforcement databases, catalog inputted data and information, as well as perform a scan and capture a 3D model of a scene — all within minutes. This is substantial being that in law enforcement, time is critical, and a minute can make a world of difference. When designing our purpose-built tablets, this was a key factor we kept at the forefront.

Additionally, Panasonic’s rugged tablets have a Global Navigation Satellite System (GNSS), which allows first responders and police officers to arrive on the scene as quickly as possible. Once the tablet receives the location of the scene, it will provide the quickest and most efficient route possible for law enforcement to follow. This can allow these men and women to save lives faster — one of the most critical parts of the job.

Reliability Elevated:

In the same way citizens’ trust in the reliability of police officers, officers can trust in the reliability of Panasonic’s rugged tablets. With energy-efficiency built into the entire system and hot-swappable batteries, these tablets are the tech that first responders and officers can rely on.

Being that law enforcement often works overtime, we built a tablet that can last as long as they do, with hot-swappable and high capacity batteries, there is never downtime for charging.

Ultimate Strength:

Panasonic’s rugged tablets, designed with slim, lightweight, and durable packaging, were built to withstand everything an officer or first responder goes through. The extremely durable and protective packaging of the tablets eliminates the fear of dropping the tablet and breaking it. That’s the way; the officers can put all their focus on their responsibilities and not have to worry about the state of their tablet. The tablets can be dropped, passed around, and propped up without law enforcement needing to worry about possible damage.

It is a significant relief for officers and first responders who have such heavyweight of responsibilities on their shoulders to not have to worry about the technology they use. Built to be water and dust resistant as well as withstand being in a car that is going over rough terrains — our rugged tablets go wherever officers go.

bookkeeping-services-in-dubai

Outsourcing Your Bookkeeping Is The Best Option. Why?

Leave a reply

There is a very small difference between accounting and bookkeeping. They both are having certain differences between them. In the case of accounting, you have to deal with the company’s financial status.

Accounting

Accounting has a massive role in the business of a person and if this function is not being carried out in a proper manner, so many problems can arise. So, it is better for a person to give proper attention to the accounting of your company. If the accounting of your company is not being carried out in an orderly manner, it means that there are problems in the efficacy of your business.

Bookkeeping

Bookkeeping Services in Dubai, on the other hand, is related to the recording of the economic activities of the company the entries and the business transactions are summarized in an orderly manner.

You must be wondering why we call it bookkeeping. Fine, before computers, people had to store their business data in proper books they had made. As the time has changed now, people have changed the ways of keeping their records as well. Currently, they keep the records in different software designed for record keeping.

Outsourcing of Accounting Firms in Dubai

It has been made obligatory for the companies in Dubai to keep the proper records of accounts for at least five years. All the account books should be maintained properly as it has been made important for all the businesses.

The data being itself is a greater responsibility to manage and to maintain privacy. All  outsourcing firms which are in accounting services in UAE knows the importance and are experienced to manage all this for your clients on your behalf and can produce under the regulated time duration if requested by the authorities for audit purpose.

Complying with the Legal Requirements

Complying with the legal requirements is not always easy. This is because there are a lot of things that are to be managed by a company. They sometimes may have not even got time to arrange and summarize their accounts properly. When every company feel like it is not good enough to manage their accounts properly, they take the help of accounting firms in the UAE. So in this way, they get to manage their accounts properly without ignoring their core business activities at all.

Because of outsourcing the accounting and Dubai bookkeeping functions, small or medium size business and offshore companies can enjoy the benefit of getting Tax and Audit ready statements. The outsourced accounting and bookkeeping experts are well versed with the standards and know how to comply with the requirements of the regulatory authorities.

Accounting and Bookkeeping Firms in Dubai

There are many accounting and bookkeeping firms that are providing the best accounting bookkeeping services to the people. They have the proper software for summarizing the data of the companies. The best part about this is security. The data is secured with these firms so you do not have to worry about it at all.

rugged-laptop-in-UAE

Which Features Does Your Tough Laptop Must-Have?

Leave a reply

Four features Tough Laptop must have:

With several tough laptop brands out there, observing the computers that are ideal for your work might look like an impossible task, especially if your work doesn’t take place in a suitable, climate-controlled office. If you are a first responder, part of the military, or you make your living operating in situations that are less-than-hospitable to electronics, a robust notebook computer is your only option for being capable of working while you’re in the field.

  1. Dust- and Moisture-Resistance

It is probably an essential characteristic for most people seeing for a tough laptop. Whether you work in dusty or wet situations or you are a primary responder who has to be capable to handle anything that gets thrown in your way, a rugged laptop in UAE has to keep working. The computers that we carry were being created to keep out water and dirt so that they will proceed to function even in the worst possible circumstances. During working, you shouldn’t have to worry about whether or not your equipment can keep up.

  1. Touchscreen

Touchscreens allow you to access and input important information quickly. The revolution in software layout and usability that touchscreens have brought to life is almost too big to explain fully. Still, if you have ever practiced a touchscreen, you know just how new the idea of moving back to something out a touchscreen sounds. Your phone should not be the only part of the tech you have in the field that features a touchscreen.

  1. Wireless connectivity

Wireless capability is a significant demand for most company mobility applications, and it has been recorded that wireless-transmission failure rates are three times more potent for non-rugged notebooks resembled rugged units. This difference is attributed to the more excellent expertise of rugged-notebook merchants at integrating multiple radios into their products. Every transmission malfunction goes to five to ten minutes in lost productivity as the user has to re-login to the corporate network through a VPN. Since companies are turning to cellular networks to enable full-time connectivity for their users, significant vendors of rugged computers give both built-in wireless LAN and wireless WAN capabilities, and partner with mobile transmitters, such as Verizon and AT&T, as part of their offerings.

  1. A Great Warranty:

Don’t take the risk of purchasing a utilized tough laptop, which doesn’t evolve with a warranty. At OC Rugged, several of our laptops are incorporated by excellent warranties. Examine out our product pages to see what kind of warranty each computer has.

One of the most reliable ways to narrow your search is to conclude what characteristics are most significant. If you concentrate on gaining the following three attributes on any rugged laptops that you are staring at, you will find the computers you need to make your work as easy as possible. Find the best-rugged laptops at Panasonic today. We know that there is no replacement for doing the best job.

accounting-services-in-UAE

What Is Guiding Accounting Software For Starting A Business?

Leave a reply

Guiding Accounting Software for Starting Business

For those whose just starting up their business, it is better to start it precisely by having the right accounting software to help your business and arrange your books. For those who aren’t familiar with this software, there are tons of accounting software that you can check through the internet, but which of these software can truly fit your business and help empower your business.

I have searched for the top 6 most downloaded accounting software by the help of one website, check this list:

  1. Fresh Books

Advantages

FreshBooks and its most salient, top features include its simple-to-use interface, great mobile tools, and snail-mail invoicing. In addition, it is compatible with numerous add-on products that can significantly expand what you can do with the software.

Disadvantages

Freshbooks is not equipped to handle large volumes of inventory, nor can it manage complex vendor and purchase-order situations.

  1. Quick Books

Advantages

This online accounting service provides advanced reporting, invoicing, expense tracking, billing, and payment tracking. It also comes with mobile tools for generating invoices and tracking expenses using iPhones and Android devices.

Disadvantages

While the introductory version can invoice and do basic tasks, you have to upgrade or add other modules to access additional features.

  1. Sage One

Advantages

Sage One is efficient, easy-to-use accounting software equipped with task management, collaboration, project tracking, and payment processing. It is an online solution, so it is up to date always, backed up, encrypted, and accessible via any web connection.

Disadvantages

If you are looking for popular accounting software such as products similar to QuickBooks Pro or Sage 50, this is not it. Sage One is created for entrepreneurs, freelancers, and startups, not companies that need to manage a lot of inventory or employees.

  1. Zoho

Advantages

Zoho Books presents complete accounting tools and the ability to track projects through platforms, including on PCs, Macs, and most mobile devices. It also provides a service that will send invoices to your clients for you.

Disadvantages

Although Zoho Books involves the ability to manage projects, the features are confined. You will have to practice its Projects product alongside Zoho Books to utilize project tracking tools.

  1. Xero

Advantages

This online accounting software is a complete accounting solution with traditional features such as the chart of accounts, general ledgers, and aged accounts receivable reports. It can also handle more complex accounting tasks, such as fixed assets and depreciation.

Disadvantages

While Xero provides adept essential Accounting services in UAE tools, most other types of business assistance services must have to be added using a compatible add-on. To make this a perfect business solution, you’ll have to add quote creation and time-tracking tools.

  1. Yendo

Advantages

Yendo presents a simple, clean interface that can handle most common accounting tasks such as creating invoices, running reports, tracking expenses, and managing cash flow. It also creates annual and monthly budgets based on your actual spending trends.

Disadvantages

This online accounting software is not designed to manage a lot of inventory or employees. Although Yendo provides developer APIs, it offers little integration, such as payment processing, document management, or Google app compatibility.

accounting-services-in-dubai

How To Choose Reliable Accounting Services In Dubai?

Leave a reply

If you’re about to begin a business in UAE, ensure that you hire auditors and chartered accounts to handle you company’s finances. No matter whether you are a big entity or a small one, professional accountants are a must for every business organization in Dubai. It is due to having extensive knowledge of handling finances and managing them in a better way. In addition, they can help you to make better strategic planning if you desire to expand your business or collaborate with some bigger business entity or take over a company. Moreover, when you start a new business, you need to concentrate on different aspects and hence, it leaves a very little room to focus on planning marketing strategies and promotion of your company. Accounting and auditing being the backbone of any organization, it takes a lot of time, so by hiring auditors in Dubai, you can focus on other aspects that will help your business to grow.

Owing to the increasing demand of Accounting Services in Dubai, number of firms has been established to cater to the accounting needs of business organizations. However, there are certain factors that need to be considered before you settle for one.

Capability:

It is very essential to judge whether the company that you have chosen is capable of handling your company’s finances or not. Bigger firms are better as they have several years of experience. Additionally, they have the know-how and keep themselves updated with the changes that take place in the financial scenario.

Staff continuity:

It is necessary to check how often their staff changes. Staff continuity is an important factor as you will be handing over some of the important and confidential matters of your company to them. It is not safe if the auditors working in the company that you have chosen keep changing.

Strategy:

Before hiring, it is imperative to understand the audit techniques and methodologies used by them. This will help you in getting an insight about how they work and if they will be helpful for your company

There are best and leading service providers of accounting services in UAE. They have extensive years of experience coupled with a team of experienced and reliable auditors. It perhaps the better choice for all your accounting needs.

Benefits of Accounting Services in Dubai

Let’s have a look at the benefits that can be derived from these services:

  1. Take optimum decisions
  2. Compiling with rules and regulations
  3. To sustain in Dubai market
  4. Understanding current market trends
  5. Budget Calculations
  6. Overcoming financial issues