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Skills you must have for being successful Accountant:

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Necessary job skills for accounting professionals encompass more than the capability to crunch numbers, complete expense sheets, and depreciate fixed assets. Apart from traditional accounting knowledge, there are a handful of other hard and soft skills that every accounting professional needs.

Must have General business knowledge

The functions of accounting and finance professionals are expanding. Given the constant interaction with other departments, today’s accounting professionals need sound decision-making, negotiation, and strategic-thinking skills. It’s also essential to be able to see the big picture and understand how your accounting role impacts the overall organization.

Must know Communication skills

As an Bookkeeping and Accounting firms in Dubai professional, the chances are good that you collaborate across departments and interact with a wide array of co-workers or clients. The people you talk with may not be as savvy with the numbers as you are, so you require to be able to present information in an easy-to-digest manner.

Whether you interact via email, phone conversations, in-person meetings, or presentations, relaying information precisely and concisely goes a long way toward supporting your reliability.

Although the technical abilities on your resume might land you an interview, companies are searching for accounting experts with a collaborative personality, an executive presence, conflict-management capabilities, and adaptability. Of course, these are not the kind of skills easily taught in a classroom. But you can enhance them by merely paying attention to how others handle professional situations.

Ability to Lead

Accounting professionals need to be energetic self-starters who can promote new insights, manage projects, and motivate and interlock team members, all the while displaying solid administration skills. While the partners at your firm or administrators in your department are managing the business side of the company, you may require to serve as a source of aid when colleagues need help navigating a particular program or managing their first busy-season audit.

Moreover, your managers may look to you for fresh opinions concerning how the organization can assure continuity of service to clients, develop compliance procedures, or address a host of other issues.

Customer service orientation

Whether you work in government or private accounting, trustworthy customer service skills are crucial. If you work in a public accounting company, it is essential for you to be capable of retaining current customers and bringing in fresh clients. If you serve in corporate accounting jobs, you must meet the requirements of the organization’s other departments and managers.

Accounting professionals can demonstrate excellent customer service by truly listening to the requirements and interests of your clients, whether they are interior or exterior. A positive attitude can likewise go a long way, particularly when stress levels are raised. And be cautious not to overpromise when it comes to deadlines or deliverables.

Sort of Specialized experience

To assure regulatory compliance, institutions see for risk, compliance, and internal audit professionals, notably in the financial services industry. Many companies seek people with backgrounds in anti-money laundering, know your customer (KYC), Financial Industry Regulatory Authority, Comprehensive Capital Analysis and Review (CCAR), and the Dodd-Frank Act, particularly rules related to capital adequacy and consumer protection.

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What are Rugged Laptops?

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By installing the elements into a protected laptop case, the manufacturer ensures that they will remain operational for as long as feasible in the most typical of the harsh environments like moisture (even up to being submerged) or high concentration of dust or sand. Furthermore, the case should be strong enough to shield the components from vibration, impact pulse, and ease down the stress and temperature variations.

For instance, a fully sealed keyboard to shield against dust particles or liquids or a scratch-resistant screen that is readable in direct sunshine. Secondly, the inner components themselves are developed in compliance with specific standards in order to withstand the above-mentioned environmental threats in comparison with typical commercial components — for example, hard drives in special shock-mounted cases that dampens vibrations.

Types of rugged laptops

There are several categories of rugged laptop in UAE that were improved in order to meet the requirement of the market:

Business rugged

These laptops are for operating outside of the office. Notable by the rugged design of magnesium alloy chassis with a partial safeguard against falling and impacts. Parts that receptive to vibration put inside vibration dampening cases. Decorated with the sealed keyboard or built-in drainage systems (in some models) to shield parts against spilled liquids. Laptops are compliant with the producer’s internal quality standards, but not certified by internationally accepted standards. The main advantages are relatively small external dimensions, affordable prices in comparison with regular commercial models, and a variation of designs.

Semi rugged

Laptops that are good for people who travel a lot and tend to use it in different weather and temperature conditions (not extreme). As well as business-rugged models, having a magnesium alloy chassis with excellent protection against falling from a certain height, impacts and vibrations, including internal components. Dust and water sealed case with the drainage system. Although these laptops are capable to operate within a specific range of temperature fluctuations, operation in extreme heat or cold conditions does not guarantee. Certified and compliant with global standards.

Fully rugged

Laptops for army specialists, laboratory personnel, industrial engineers, and other professionals who work in potentially severe and rigid environments. Case and chassis are specifically designed to fully shield all components from the most common environmental and accidental hazards – water (although these laptops are not vacuum sealed, some models allow to be submerged for very short-time without a risk to be damaged), dust, mud, atmospheric pressure, falling, vibration, aggressive liquid substances such as aqueous salt solutions. All components are individually protected as well. Screens are readable in direct sunlight, and the matrix has a reduced sensitivity on temperature drops below zero degrees by Celsius. In contrast, thermal isolation allows operating normally under high heat conditions. Although the external design of these laptops is not as elegant as regular commercial models and the cost is quite high, it is a useful and robust tool will serve very well in the most demanding working conditions and moderately harsh environments and tend to last for years out in the field with no significant downtime. Also certified and compliant with the most international standards.

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Bookkeeping and Accounting Firms in Dubai: Differences

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With bookkeepers managing themselves accountants and accountants giving services of bookkeepers, the line drawing the difference between bookkeeping firms and accounting firms seems to have blurred. Well, at least many people believe like this. However, that is not the actual case. There is still a reasonable degree of difference between the two of them, at least between the services that they are trained and supposed to give in Dubai. Let us have a closer look at this.

Following are the primary and critical differences between bookkeeping and accountant in Dubai:

  1. Scale of working

Bookkeeping services in  Dubai, of course, operate at a relatively small level, with fewer employees. Usually, a team of 10-20 bookkeepers and a controller would suffice to manage the operations of a bookkeeping firm. Accounting firms, on the other hand, operate at a relatively more substantial scale. This is because, as you saw above, they offer a more excellent range of services, thus requiring more employees.

  1. Responsibilities and services contributed

Bookkeeping firms are only responsible for keeping and recording all transaction details. In other words, bookkeeping staff and tasked for making entries and maintaining the books day in day out. At a stretch, the services rendered by bookkeeping companies or even full-time bookkeepers include creating, getting, and keeping invoices and bills, managing reconciliation, reporting to controller or CFO, etc.

Accounting firms, on the other hand, offer a more excellent range of services, of course. In addition to classifying and recording transaction details in journals and ledgers, accounting firms will be responsible for analyzing and interpreting them and making financial reports and statements to assist controllers and chief financial officers.

  1. Qualifications and expertise

Accountants and Bookkeepers don’t need to give any strict tests to be able to work in a bookkeeping firm. Certified accountants in accounting firms have to pass rigorous examinations to get their license and certification. Thus, people in accounting firms use to be relatively much more qualified. They possess more skills as they are trained to cover tax, business reports, accounts analysis, auditing, and much more.

  1. Cost or Charges involved in hiring

Hiring a bookkeeping firm is ultimately cheaper. Bookkeeping is one of the primary tasks in the finance departments. Therefore, there are lower costs involved. Accounting firms may cost somewhat more. Bookkeeping and Accounting firms in Dubai are just worth it, though, since you get far greater assistance in the finance department and related tasks.

  1. Maintenance

As you can guess, hiring a bookkeeping firm in Dubai will be best suited for small scale firms and startups with limited transactions. Since there would be much less of sales to record and take care of, a full-service accounting may not be required. A bookkeeper and a controller should be enough to record, analyze, and maintain the books and financial reports in such a case.

However, when the firm is operating at a more significant level and has a lot of transactions happening on an everyday basis, a reliable accounting firm is a must. However, when the firm is operating at a more significant level and has a lot of transactions happening on an everyday basis, a reliable accounting firm is a must.

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Guidelines to avoid Internal Audit Mistakes:

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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.

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Most Common Mistakes Made By SME For VAT Filing In UAE

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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.

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Why You Choose Magnesium Chloride Flakes Bulk for Your Good Health?

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These herbal Magnesium Chloride Flakes Bulk are solar-harvested from the Dead Sea. The focused salt flakes do no longer have any components or fillers and were examined in Australia to ensure they’re free of heavy metals. Magnesium flakes can be brought to the tub, used as a spray or in a frame scrub to loosen up and soothe worn-out muscle mass.

Product Benefits:

Magnesium is an vital nutrient for exact health – observed in lots of vegetables, nuts, legumes and dairy. It plays a position in regulating nerve and muscle function; supports the immune system and coronary heart health, and allows to keep enamel and bones strong. As an opportunity to oral supplements, those flakes may be used externally – permitting the magnesium to be absorbed thru the pores and skin. Magnesium can assist in relieving sore muscle mass and joints, calming burdened nerves; accelerated energy; higher sleep; helping the immune device and detoxification heavy metals.

How to Use:

Add 2-three cups of flakes to a warm bath and soak for 20 minutes, or pamper weary ft in a foot soak. You can upload a bit olive or coconut oil – but keep away from soap. For greater luxury add a handful of rose petals or lavender flowers. For a magnesium spray: integrate ½ a cup of flakes with 1 cup of warm water (filtered or distilled). Once flakes are dissolved, pour the aggregate into a spray bottle. Spritz without delay on to pores and skin and lightly massage. Or mix a few into your favourite herbal body cream. Combine Magnesium flakes with a little coconut or olive oil and your favourite vital oils for a tremendous frame scrub.

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Best Industrial Computer in UAE :

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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.

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Need For Conducting Internal Audit

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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.

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Are Ruggedized Tablets used for Air Force Logistics?

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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.

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Are Rugged Tablets used for Law Enforcement?

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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.