Legends Accounting Services

Outsourced finance for companies in the UAE

In Dubai, Legends Accounting Services takes over the financial administration of other businesses, working as an accounting and bookkeeping firm. It describes itself as an award-winning accounting and finance partner and says its aim is to reduce operating costs, streamline processes and improve profit margins. Its pitch is that outsourcing turns the finance function from a cost center into something that supports growth. The firm says its certified accountants use cloud technology for bookkeeping and accounts, and it ranks itself among the leading accounting companies in Dubai.

VAT returns and strategy

The firm points to the introduction of VAT in the UAE as a reason to bring in help. A VAT consultant prepares the returns, and the service is meant to get submissions made quickly and on time, with advice on the wider VAT approach behind them.

Management accounts, reporting and a virtual CFO

Financial and management accounting is the core offer: regular reports that give the owner quick access to the company's financial position, and payment processing as part of the same arrangement. For businesses that need senior guidance without a full-time hire, the firm runs an outsourced CFO function, described as the benefits of a chief financial officer without the cost of an employee in the role.

Cloud accounting software

Legends says it is a silver partner of Xero and builds much of its bookkeeping around cloud tools. With Xero it covers quotes and invoices, bill scheduling, bank reconciliation, taxes, purchase orders, payroll and cash flow views. It also works with Zoho, a cloud accounting system the firm recommends for small and medium organisations, which covers contacts, time tracking on projects, invoicing, buying and selling orders, expenses and stock control. The firm argues that going through an outsourced team spares a company the large outlay that leading accounting software can involve.