Jun 01, 2022 Alankit

Keeping track of your finances is an important part of running a small successful business. Your financial data needs to be current and accurate so that you have the tools you need to make correct business decisions and implement healthy cash flow strategies. Outsourcing Bookkeeping and Accounting are two functions that are extremely important for your business to run smoothly and efficiently.

Bookkeeping and accounting may appear to be the same as they both deal with financial data. In other words, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.

Every business faces multiple challenges, so it is important to understand that for some businesses in-house accounting and bookkeeping are a necessary evil. Businesses who can avail any of these need to analyse both monetary and non-monetary aspects while decision making.

Monetary Aspects

Labor laws in the UAE are stringent and largely protect the employees from exploitation. Basic salary and entitlements squeeze out finances and comparing the costs of outsourced bookkeeping and accounting to in-house bookkeeping and accounting can give you the rationale grounds for making the right choice.

Non-monetary Aspects

Non-monetary aspects also require a robust assessment when comparing in-house and outsourced bookkeeping and accounting services. Sometimes the extra finances are offset by the added value. Therefore, the overall impact of outsourced bookkeeping and accounting should be observed while considering both monetary and non-monetary aspects.

Here are some important non-monetary aspects to consider for:

Financial Reporting

Outsourcing companies have expertise in financial reporting, and focusing on core accounting and finance tasks allows them to perform financial reporting efficiently. Allocating other irrelevant tasks ultimately creates a backlog in in-house accounting and creates chaos. Internal accountants often obfuscate financial reports instead of processing the remaining financial records, making transparency highly questionable in such circumstances.


The cost of outsourced bookkeeping is balanced out by the high level of expertise and experience that matters a lot in accounting and finance. In many cases, real capabilities are found in the finalisation of accounts. Erroneous and flawed month-end or quarter-end reporting can destroy all of your efforts.

With this vision, Alankit provides you with the best CA-level staff at budget-friendly rates for your successful and accurate accounting and bookkeeping and is the most dependable accounting and finance organisation in the UAE.


Vesting entire accounting & finance responsibilities to a person or two is an invitation to fraud and internal analysis of works when there is a need for counter-check. So Alankit provides you with the solution to reduce this risk by segregating the duties to different people at different levels to eliminate the issues and ensures the mitigation of fraud to the maximum.

No hidden charges

At Alankit, the cost of outsourced bookkeeping is pellucid and precise with assigned duties and tasks and on the contrary, hiring a permanent in-house accountant will not only cost you the basic salary, but also other add-on allowances.

Many times businesses pass this very primary calculation while estimating their working capital and ultimately face cash glide constraints.

Level of advice

The PRO advice can never be compared to the junior-level staff since years of experience paired with continuous training are a big plus for outsourcing companies. A junior accountant lacks foresight when interpreting projected cash flows and financial statements.

Alankit with its team of experts provides you with crystal clear accounting and bookkeeping services to remove all the hindrances and errors that may appear due to lack of experience.


From the above discussion, it is evident that outsourcing is a favorable choice if the cost of outsourced bookkeeping and accounting is appropriate. Equipped with financial intelligence, ALANKIT aims at translating numbers into meaningful results. Providing controller-level expertise, we focus to streamline your business goals and operations.

Contact us now to know more about our outsourced bookkeeping and accounting services.

Recommended Blogs

For any further queries or information related to the company’s services, feel free to get in touch with us. Simply fill your query related to services in the form below mentioned and our dedicated executive team will be in touch with you shortly. (Within 24 hours)


Privacy Policy

The Privacy Policy covers how the personal information collected from the clients who register for the services and use payment gateway services will be handled, as well as the treatment of the consumer information that we acquire in the course of our business. This Policy is specific to Alankit.ae and does not apply to any other websites or Internet services that are part of or to be part of the Alankit Network.

We at Alankit are committed to protect our customers’ personal information and/or sensitive personal data and strive to maintain the privacy of your personal information. Alankit only collects the necessary personally, identifiable information in order to respond to the requests received from the clients for our customized products and services. Personally identifiable information includes, but is not limited to, first and last name, physical address, e-mail address, phone number, and any other information that itself identifies or when tied to the above information, may identify you as a specific individual.

All credit/debit cards details and personally identifiable information will NOT be stored, sold, shared, rented or leased to any third parties. The User agrees that the debit/credit card details provided by him/ her must be correct and accurate and that the User shall not use a debit/ credit card, that is not lawfully owned by him/ her or the use of which is not authorized by the lawful owner thereof.

Alankit reserves the right to amend or modify this Privacy Policy at any time, as and when the need arises. We request you to visit our website www.alankit.ae periodically for contemporary information and changes. Modifications will be effective from the date they are posted on the website.

If you believe that the company has not adhered to this privacy statement, please contact us by email at info@alankit.com, and we will use commercially reasonable efforts to promptly determine and remedy the problem, if any.

Terms & Conditions

Once the user has accepted the terms & conditions, he/she may be entitled to register and avail the services offered by the Company. The Payment Gateway service is provided to you in order to facilitate access to the services and pay the fee online.

We accept payments online using Visa and Master Card Credit/Debit Card in AED (or any other currency). Any dispute or claim arising out of or in connection with this website shall be governed and construed in accordance with the laws of UAE.

The Company will maintain the confidentiality of each transaction and will not collect or otherwise deal in commercially sensitive information, except to the extent necessary for the Services.

In no event will Alankit, be liable for any damages whatsoever arising out of the use, inability to use, or the results of use of this site, any websites linked to this site, or the materials or information contained at any or all such sites, whether based on warranty, contract, tort or any other legal theory and whether or not advised of the possibility of such damages.

Alankit reserves the right, at our sole discretion, to change, modify, add or remove portions of these Terms of Use, at any time without any prior written notice to you. It is Your responsibility to review these Terms of Use periodically for updates / changes. Your continued use of the Website following the posting of changes will mean that you accept and agree to the revisions.

Refund Policy for Online Payment

In case the service facility is not delivered/provided as committed at the time of Payment acceptance, you may ask for a refund of the payment made. The request for refund is to be submitted along with the reasons, the same will be forwarded for review of the Management. The management will take an appropriate decision after looking into your request.

The person will not be entitled for any refund if the service request is already accepted and documentation is in process. Please note that there will be a nominal deduction of 10% on the payment made, payable towards the administration fee.

Cash refunds are not available. The refund will be processed automatically and will be credited back to the original credit/debit card or bank account from which the payment is made.

The Refund Policy will only be applicable for the online payments made, it will not include any other transactions.

All refund requests are to be submitted to alankitglobal@alankit.com. The request will be processed in 4-5 working days and the refund ( if applicable) will be made in 30 days time period.

Forget Password