RAG Accounting & Bookkeeping – The Smarter Way to Run Your Business: is a boutique business services firm specialized in accounting & bookkeeping, CFO/Finance Manager Services, Audit, Value Added Tax (VAT) Consulting. RAG Accounting is a division of Royal Alliance Group, which has its presence in the Middle East since 2002.
RAG aim to provide customized solutions to clients at reasonable rates, whereby they can provide value addition to them. RAG primarily focus on small and medium companies by providing expert services to the Management so that they are updated and able to make an informed decision. Experts in their field do all our services.
They are affiliated with The Institute of Chartered Accountants of India and The Institute of Management Accountants, USA
Services provided by RAG Accounting
- Accounting & Bookkeeping
- Finance Manager Services
- Internal Audit
- Year-End Audit
- Payroll Services
- Management reporting
- Accounting software
- VAT registration
- VAT return filing
- Business set up
- Receivables follow up
- Budgeting & Forecasting
- Business Valuation
They are one of the top accounting firms in Dubai. The advantages of outsourcing the accounting works to them include cost reduction, accurate and updated accounts at any time, managed by professional accountants. RAG act as your dedicated accountant working from another office in Dubai and meetings whenever required.
SME sector can particularly benefit as many of the companies don’t need a full-time accountant. You can considerably reduce the operating expenses, especially during the current economic situation.
Cost reductions include monthly salary, visa charges, medical insurance, airfare, leave pay, gratuity, etc. in addition to the risk of wrong hiring.
CFO/Finance Manager Services
RAG Finance Manager services are provided by Chartered Accountants and Chartered Management Accountants with over a decade of experience in UAE across various industries. Many of the SME companies do not require a full-time Finance Manager or not feasible for many entities.
They guide the client accountant, train and support them, periodically review the accounts, submit the monthly financial reports to the Management so that they are aware of the financial position of the company.
RAG provide accounting programs suitable and cost useful to the organization so that the business owner can access the necessary reports. They are a ZohoBooks Certified Advisor, Xero certified partner.
In addition, RAG uses Tally, QuickBooks, and Microsoft Dynamics, and other ERP programs.
Value Added Tax (VAT Consulting)
The range of services includes VAT registration, VAT return Filing, ensuring output tax is correct, and input tax claimed on all eligible expenses, VAT de-registration and submitting reconsideration on VAT penalties and fines.
RAG’s periodic internal audit ensures the accuracy of accounting figures; internal control procedures are followed, proper authority matrix followed on approval of payments. In addition, they provide a year-end audit, which is now mandatory for most of the mainland and Freezone companies in Dubai. They partnered audit firms are the best auditing companies in UAE, listed in most of the free zones.
Business set up
RAG provide company formation services and PRO services, in addition to providing licensed office spaces at reasonable rates. This is done through our parent company Royal Alliance Group.