How can Accounting Firms help you with Payroll issues?

Business owners often struggle to properly manage their payroll processes while focusing on their core business activities. However, many of them do not know that payroll issues can be easily navigated by outsourcing them to the best accounting firms in Dubai. Contrary to the common belief, payroll is not just about recording employee details. It also involves a series of compliance requirements.

Businesses often feel hesitant to outsource their payroll services in Dubai. However, it’s a cost-effective way to minimize all your payroll issues as it saves you from costs associated with maintaining a permanent employee. Moreover, businesses can leverage the expertise and technological capabilities of the accounting companies in Dubai to void the risk of error and compliance failure. Here is how accounting companies can help you resolve your payroll issues:

Payroll accounting and coordinating with financial accounting

Accounting companies can improve efficiency and reduce costs when it comes to payroll accounting services in Dubai. Payroll accounting is essentially the calculation, management, recording and analysis of the employee’s compensation. It involves reconciling benefits and deductions related to compensation. Accounting firms in Dubai can also aid you in annual financial statements and other reports as per your company’s requirements.

Payroll processing services in Dubai

Payroll processing is all about preparing an employee’s payroll, including the calculation of salaries, gratuities etc. This covers key processes such as inputting an employee into your payroll software and delivering their salaries. Accounting firms can make the payroll process more robust and efficient as they are experts in this domain.

Generation of payroll-related reports

Accounting firms offering payroll services in Dubai can help businesses with calculating employees’ withholdings and net pay along with ad hoc additional payments or deductions. Most importantly they will help the companies issue payroll reports, employee pay slips, payroll journals and Year to Date (YTD) reports.

Payroll bank file as per Wage Protection System

Accounting companies can help businesses with the setup and maintenance of the Wage Protection System (WPS) in the UAE. The WPS is an electronic salary transfer system that allows private sector businesses to pay their employees through banks, exchange bureaus, and financial institutions approved by the UAE Central Bank.

All business in the private sector is required by the UAE government to register and pay their staff through the WPS. Payroll experts in Dubai can ensure that all your payroll and employment obligations are met and that your business complies with the WPS regulations. Hire the best accounting companies in Dubai to ensure your organization complies with the WPS requirement.

Help with payroll support services

Payroll support services in Dubai include employee benefits such as gratuity and annual leave.

Experts who are well-versed in the UAE Labour Laws can help the companies meet their requirements related to annual leave, sick leave and end-of-service gratuity payments. Successfully meeting these non-core business requirements is critical for companies to meet local laws.

Advantages of hiring accounting firms for payroll services in Dubai

Outsourcing payroll processing offers exclusive benefits to the corporate sector, irrespective of whether they are MNCs or SMEs. Some of the advantages of hiring accounting firms in Dubai for payroll services are given below:

  • Reduced cost
  • Eliminate fraudulent activities
  • Attention focused on core business issues
  • Avoid payroll information walking out of the door
  • Experts at your service
  • Compliance management
  • Avoid technology headaches
  • Sharing updates
  • Confidentiality

Hire Jitendra Chartered Accountants for Payroll Services in Dubai

Are your company facing difficulties keeping track of timely payments? Managing the payroll of all employees in your company is a complex task as it warrants a lot of time and effort and is quite often a tedious task. Jitendra Chartered Accountants (JCA), one of the leading payroll services providers in the UAE, can help you fast-track your payroll process accurately. We have a team of highly qualified accounting professionals who are well-versed in the UAE labour law and the rules and regulations set out by the free zone authorities.

By harnessing the prowess of JCA’s expertise in payroll services, you can priorities on your core activities. Our payroll services in the UAE are tailor-made to meet the demands of each client with a 100% client-centric solution. With seamless coordination on the full range of services and end-to-end processes, you can count on us for reduced costs as compared to your in-house Payroll team. Be assured of the safety and security of your information and specialized support for a whole range of allied services.