Bin Ghannam Accounting & Auditing
Integrity, Objectivity, Independance
Business Advisory
We are a business advisory firm that helps you get your business off the ground effortlessly. Our turnkey advisory services for business setup and expansion in the UAE help you structure the present and plan the future by providing you with the tools and resources to achieve your goals.
Our team of experts will work with you to develop a business plan that is tailor-made to your needs and aspirations, and give you the confidence to invest in your future as a business owner.
In corporate finance, mergers and acquisitions are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. We have specialized expertise, broad resources, and intellectual capital to provide integrated financial services and solutions for managing mergers & acquisitions.
We understand the relevance and significance of the role of a Chief Financial Officer in today’s dynamic and challenging business environment. The strategic role of the CFO in creating the optimal capital structure, designing the financial strategy, managing the budgets, and managing the inflows and outflows to the advantage of the business is of paramount importance in today’s business world.
As we understand the significance of this function, we offer our professional expertise in this domain to help them make better business decisions based on sound and timely financial information and advice. We are sure we can add more value and be less expensive than having a full-time CFO and much more efficient than the business owner focusing on the CFO functions as well.
As we highlight the importance of the accounting function in today’s changing business landscape with the introduction of VAT, it is mandatory to maintain the proper books of accounts. You will have to have the proper recording and the recording and retrieval of the documents also are of importance as you may have to make these business documents available for Audit by the tax authorities.
We can arrange the below service;
- Daily Visit
- Alternate day Visit
- Weekly Visit
- Monthly Visit
The reports that we present to the management are as follows.
- balance sheet (statement of financial position),
- profit and loss account (statement of comprehensive income),
- cash flow statements,
- receivables aging list,
- payables aging list,
- comparative report on sales performance,
- comparative report on expenses etc.
- variance/ratio analysis
- Inventory analysis,
- Working capital analysis,
- BEP/Margin of safety analysis etc.
The kind of reports that will be presented will be a function of the relevance of such reports and the nature of services as offered in the contract by Bin Ghannam.
We offer our expertise in the optimal capital structure at the least cost of capital to the organization. We facilitate and cater to the borrowing needs of the organization by leveraging our strong relationships with banks and financial institutions.
We shall offer the below;
- Assessment of working capital Needs
- Consultancy on bank credit & private equity
- Project financing consultancy
- Consultancy for fixed assets financing and refinancing
- Planning, Budgeting, and optimizing the cost of finance
The Accounting function in any business is the most important function for control, analysis, and decision making. But in many small and medium establishments, it was seen as a function that is handled by the owner it he or she has the time or by an administrator who is not a trained accountant. It is imperative to maintain the books of account in order with the introduction of VAT in UAE and the significance of maintaining a proper accounting system and records is of utmost priority. Often the negligence to the maintenance of proper accounting was linked to the cost associated with accounting which is termed as a cost function. At Bin Ghannam we have innovative solutions to reduce your cost and still keep your accounting prim and proper. You can discuss it with us and we shall show you the way.
If you are a company without an office in Dubai or do not have a dedicated person in Dubai, you may outsource all the accounting functions to Bin Ghannam and we shall take care of your requirements.
Outsourcing of non-core activities will improve efficiency, streamline the operations and boost the productivity of the company because an independent accounting firm can perform the tasks efficiently and impartially with their vast experience Businesses can reduce costs significantly by outsourcing accounting services. Companies can simultaneously have access to the latest technology without investing in the software. Business owners or heads can concentrate and devote more time and focus on their core activities, than taking stress on Accounting Systems. The additional requirement and expense of hiring accountants can be effectively reduced by outsourcing to the right accounting professionals. We at Bin Ghannam are sure that the service of more experienced professionals from our team will be an added advantage at reduced costs.
Applying our expertise in ERP implementation consulting, we help enterprises launch their ERP software and align it with internal regulations, industry standards, and business requirements. We set up ERP-ready infrastructures, deploy ERP modules, configure custom features, and carry out initial training for business users and ERP admins.
A business consultant is a professional who provides professional or expert advice in a particular area such as security, management, accountancy, law, human resources, marketing, financial control, exit planning or any of many other specialized business fields. We have provided special consultancy services about receivable management, financial management, and profitability of a product, sector or branch.
Bin Ghannam offers a complete range of business valuation, mergers, and acquisition services. Our extensive experience added with international exposure and familiarity with various cultures and geography translates into valuable advice in the complex cases of mergers and acquisitions. Guidance to arrive at the fair value of the business which is reliable for third parties and that suits the purpose of the valuation from the management will be undertaken most efficiently.in an efficient manner will be undertaken.
Financial feasibility means the ability of a project to achieve sufficient income, credit, and cash flow to financially sustain a project over a long-term period and meet all debt obligations. Our financial feasibility experts evaluate all of the important factors while examining the scene. We gain a deep understanding of financial indicators and industry trends. We produce thorough studies on how a firm may be expected to perform in the prevailing and forecasted economic climate based on these assessments. Also, our professionals have extensive expertise in building excellent business plans and performing thorough feasibility study reports.
Standard operating procedures are a set of step-by-step instructions compiled by an organization to help workers carry out routine operations. SOPs, therefore, aim to achieve efficiency, quality output and uniformity of performance while reducing miscommunication and the failure to comply with industry regulations. We have successfully delivered SOPs for Fixed assets, Receivables and Payables, and Compliance to name a few.
Corporate tax is a form of direct tax levied on the net income or profit of corporations and other entities from their businesses. Corporate tax is also sometimes referred to as “Corporate Income Tax” or “Business Profits Tax” in other jurisdictions.
