MONTH END FINANCIALS

WORLD CLASS BUSINESS SERVICES FOR COMPANIES ACROSS UAE

Overview

Flyingcolour® provides a readily configurable workflow to ensure quality, accountability and timeliness of reporting of the financial close at period-end. Accurate and timely balance sheet reconciliation reporting is critical to properly represent the organisation’s true financial posture to both internal and external stakeholders. Automating this process – which has historically been challenged by a high degree of manual work/volume of detail and a low level of coordination – offers a true step-change by greatly enhancing control and efficiency at period-end.

Purpose

There are many detailed facets related to balance sheet account reconciliation, such as accurate account balances, calculated assets, shareholder equity and outstanding liabilities. Automating the substantiation, review, and approval of this information in a fully auditable environment adds a new level of control and sustainability. The work and task allocation leveraged by the Flying Colour solution allows the team to focus on investigations, resolutions, reporting and advisement’s – versus simply compiling lists of financial data.

Key Benefits

  • Automation of period-end reconciliations and balance sheet reconciliation preparation
  • Full audit trail for tracking and substantiation
  • Multi-stage approval workflow for quality and accountability in the organisation
  • Enhanced financial control in one consolidated tool environment and tool set

Flyingcolour® assists in all types of accounting, bookkeeping, value added tax (VAT) related advise and VAT return filing, issues related to Federal Tax Authority (FTA), Economic Substance Regulation (ESR) related matters, monthly account related reporting to management (MIS), payroll services, excise and custom related claims and high quality outsourced CFO services through our team of experienced chartered accountants. We have attractive customized monthly accounting packages.

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