Expert Bookkeeping Services in UAE

What Services Are Covered in Our DFY Accounting Package

At Parabolic Partners, we offer a comprehensive range of accounting services tailored to meet the needs of businesses in the UAE. Our services include:

Bookkeeping Services: Accurate and timely recording of all financial transactions.
Financial Reporting: Preparation of financial statements, including balance sheets, income statements, and cash flow statements.
Tax Registration, Planning and Compliance: Ensuring compliance with UAE tax laws and regulations while optimising tax liabilities.
Payroll Services: Management of employee payroll, including salary calculations, benefits administration, and statutory compliance.
Accounts Payable and Receivable: Efficient management of invoices, payments, and collections to maintain cash flow.
Budgeting and Forecasting: Development of detailed financial plans and forecasts to guide business strategy.
Audit Support: Assistance with external audits and preparation of necessary documentation.
Growth Services: Strategic discussions around how to grow in marketing, sales and HR. Proven Growth tactics that have helped hundreds of businesses simplement, not in theories but in actionable steps, built on our breadth of knowledge and data that actually works.

Why You Need an Accounting Partner with a Free Zone Business

Operating a business in a UAE Free Zone comes with unique financial regulations and benefits. Once you have your Free Zone company, the UAE government requires you to run it responsibly. Here's why partnering with Parabolic Partners is crucial:

Expertise in Free Zone Regulations: We have extensive knowledge of the specific accounting and financial regulations governing free zone businesses.
Maximizing Free Zone Benefits: We help you leverage the tax exemptions and other benefits offered by free zones.
Compliance Assurance: Ensuring your business adheres to all financial compliance requirements, avoiding penalties and fines.
Financial Strategy and Growth: Our services are designed to support your business growth, offering insights and strategies that are aligned with the Free Zone environment.

What Parabolic Partner’s Means to Our Clients

Parabolic Partners stands out for several reasons:

Experienced Team: Our team comprises seasoned accounting professionals with deep expertise in UAE financial practices.
Customised Solutions: We understand that each business is unique, and we tailor our services to meet your specific needs.
Proactive Approach: We take a proactive approach to accounting, identifying potential issues before they become problems.
Client-Centric Service: Our commitment to excellent client service means we are always available to support and advise you.
Transparency and Integrity: We operate with the highest level of transparency and integrity, ensuring you always have a clear understanding of your financial position.

Why We Chose to Use Xero & Qashio as Our Partners - Benefits of These Softwares

We have partnered with Xero, a leading accounting software provider, to deliver top-notch services. Here are the benefits of using Xero:

User-Friendly Interface: Xero’s intuitive design makes it easy for businesses to manage their finances.
Cloud-Based Access: Access your financial data anytime, anywhere, with Xero’s cloud-based platform.
Real-Time Updates: Get real-time updates on your financial status, helping you make informed decisions.
Seamless Integration: Xero integrates seamlessly with a wide range of business applications, enhancing efficiency.
Reporting: Business expense reporting, corporate credit card management, to get a handle on your day to day operations
Robust Security: Your financial data is secure with Xero’s advanced security measures.
Scalable Solutions: Xero grows with your business, offering scalable solutions that adapt to your needs.

Further to using Xero, we also highly recommend utilising Qashio for expense management (this is optional). This tool is trusted by modern finance teams at companies like Kitopi, Alabbar Enterprises, Eyewa, and EFS.

Expense Management: Qashio simplifies expense tracking and management, providing real-time visibility and control over business spending.
Corporate Cards: Issue virtual and physical corporate cards to manage employee expenses efficiently.
Automated Workflows: Automate expense reporting and approval workflows, reducing administrative burden and errors.
Analytics and Insights: Gain detailed insights into your company’s spending patterns with Qashio’s robust analytics tools.
Policy Compliance: Ensure compliance with company policies through automated enforcement and monitoring.
Scalability: Qashio’s solutions scale with your business, adapting to growing and changing needs.

How Our Fee Structure Works

At Parabolic Partners, we believe in providing top-tier accounting services that deliver value and results. Being aligned with the best is never the cheapest, but the benefits far outweigh the costs. Most of our clients are doing 1 million AED annually in sales. Our pricing structure is designed to offer comprehensive services at competitive rates:

Elite Package: Starting at 2,000 AED per month, all software costs included.

This package covers all the services mentioned above, ensuring that your business receives the full spectrum of our expertise and support. We are committed to delivering exceptional value and helping your business thrive in the UAE market.

What a Typical Onboarding Looks Like

Onboarding with Parabolic Partners is a seamless and efficient process:

Initial Consultation: We begin with a detailed consultation to understand your business needs and objectives.
Service Agreement: A clear agreement outlining the services we will provide and the associated costs.
Data Gathering: Collection of all necessary financial information and documentation.
System Setup: Setting up Xero and other required systems to manage your accounting processes.
Training and Support: Providing training to your team on using Xero and understanding the accounting processes.
Ongoing Communication: Regular updates and communication to ensure smooth operation and address any concerns. We create Private communication channels with one of our accountants to keep your reports ready for investors & year end reporting. (Slack & Whatsapp) are the channels our clients prefer the most.
Continuous Improvement: Regular review and refinement of our services to better meet your evolving business needs.