ERP Implementation

Service Overview

Implementation of business-appropriate accounting software accelerates transaction recording and report generation processes. It enhances tax compliance capabilities and reduces manual intervention, ensuring accuracy and quality of reports generated. Modern accounting software provides real-time financial visibility and facilitates efficient audit trails.

Service Scope

MBK Accounting & Tax Consultancy LLC advises clients on selecting the appropriate accounting software considering the nature of business processes, organizational requirements, and cost budget. The firm provides comprehensive support throughout the entire implementation lifecycle, from identifying the right accounting software through implementation, trial runs, going live, and post-implementation support including employee training and system customizations.

Our staff is trained to work across multiple software platforms such as Tally, QuickBooks, Xero, and Zoho, and can accommodate other software systems based on client preferences and specific business requirements.

The service covers

We offer a comprehensive range of auditing and accounting services, including:

Implementation Planning/Project Initiation

Comprehensive assessment of business requirements, definition of project scope, identification of stakeholders, establishment of project timelines, and allocation of resources for successful implementation.

Software Installation

Installation and configuration of accounting software on appropriate platforms (cloud-based or on-premises).

Accounting System Configuration

Customization of chart of accounts, setup of UAE tax parameters, configuration of customer and vendor masters, establishment of approval workflows, and integration with banking systems where applicable.

Data Migration and Operational Activities

Transfer and validation of historical financial data from existing systems, setup of opening balances, and configuration of recurring transactions and automated processes.

Trial Runs and User Acceptance Testing

Execution of test transactions across all modules, verification of system outputs, resolution of identified issues, and obtaining user acceptance before going live.

Value Proposition

Selecting MBK Auditing means working with a firm that understands the complexities of UAE financial regulations and provides solutions to maintain business compliance and financial stability. The commitment to accuracy, efficiency, and transparency supports businesses in their financial management.

Benefits to Clients

Systematic Record Maintenance: Ensures organized and systematic maintenance of books of account and accounting records in compliance with regulatory requirements.
Increased Accuracy: Reduces manual data entry errors through automated transaction recording and validation.
Customized Reporting: Enables generation of automated and customized reports specific to business operations and management information needs.
Audit Trail Establishment: Creates comprehensive audit trails for all transactions, facilitating internal controls and external audit procedures.
Real-Time Visibility: Provides instant access to financial information enabling timely decision-making.
Regulatory Compliance: Ensures accounting records meet Federal Tax Authority and other regulatory requirements in the UAE.

Affiliations and Certifications

MBK Accounting & Tax Consultancy LLC is certified Zoho Advisor.
Our Managing Director, Mr. Nandan Bendarkar is a certified Zoho trainer.
MBK also works with other software providers like Tally, Payment and Petty Cash solutions providers to provide seamless accounting solutions.
MBK Accounting & Tax Consultancy LLC is a member of GMNI , an association of legally independent accounting firms worldwide.