Management of finance is the most crucial part of a business. Once the company gets incorporated, it ends up entering into multiple transactions every day, which results in inflow and outflow of cash, and it needs to be measured. To have a clear understanding of ‘What is Cashflow?’ and how it can benefit your business, you need to go through the following treatise.
A cashflow is a tool that states a clear picture of the cash movement. It is considered as one of the vital document as it completes the financial report set of an organization. These movements have been categorized into different segments namely: Operating, Investing and Financing Activities.
Do you maintain a track of your business cash flow?
ALRIYADAH Tax & Management Consultancy is distinguished as one of the leading Accounting and Auditing firms in UAE. It is multilingual professionals employed to support over 150 clients with various professional services such as tax, auditing, accounting and advisory services, have deep knowledge of local laws and customs.
A budding entrepreneur or a new employee with little to no training can use accounting software. It can be used in your own computer or mobile device
From simple transactions to the final analysis of data, one can use the accounting software without outsourcing the work to an external expert
An accounting software takes care of financial data which is the most valuable information of the company. By using it, you can decide who has access to sensitive data
A software can work faster and smarter on transactional and computational tasks compared to a human. You can get an error-free and more precise transactions on accounting software compared to manual work
An accounting software eases the business process as it includes the following features:
Different accounting software have been built based on their utilization. The different types of accounting software include the following:
Helps a company to perform day-to-day tasks, including writing checks, and reminders for customers on their due payments. Billing & invoice systems hold control over the accuracy of accounting figures and make service look more credible and professional to the end recipient.
This is the most popular accounting software category, and includes systems helping material purchasing, inventory management, and control, product planning, accounting, marketing, distribution, HR, and finance. The latest software also offers modules for business intelligence and CRM.
The main motive behind this system is to help collect payments faster and detect slow and inefficient practices that were not visible before. It also produces detailed geographical reports on how the available resources and time are being used in the company.
A payroll management system allows you to have control over accounts payable and accounts receivable. The tools were developed to calculate employees’ salaries, depositing the salary directly into employee’s bank accounts, cutting deductions, and preparing tax forms & payslips.
At Alriyadah, we provide the following accounting software services:
Alriyadah is a financial software consultant in UAE, and offering a wide range of services including accounting, auditing, software consultancy, and management. We hold ISO 9001-2015 certification and include the experienced auditors, accountants, and expert teams offering international quality driven services to our clients.
As software consultants, we conduct a systematic study of our client’s requirements and recommend the suitable accounting software pertaining to the client’s needs. Further, we also assist and execute implementation of reputed accounting software often used in the UAE and to automate the process. For further information, do contact us-we’d be glad to assist.