Payroll Accounting in UAE
Payroll Accounting Services
Moving to the UAE’s corporate sector is a huge step for many expats and migrant workers. The traditions and customs practiced here are astonishing. Employees are the foundation of every business’s success, therefore they should be supplied with a healthy working environment and an attractive compensation and benefits package. Payroll estimates include both perquisites and perks, rather than just salary. Because the salary system is governed by legislation, instead of spending time referring, use AL MERAK for payroll services in the UAE. When it comes to any type of financial services, including payroll accounting in the UAE, we will point you in the proper direction. Our clients in the UAE are very confident and satisfied with our services.
We are known for maintaining a secret database of our services. We ensure:
* Improved awareness of norms and regulations
* Accurate data management
* Teamwork expertise
* Customized software use
* Encrypted data security
What is payroll accounting?
Payroll accounting is the recording of an employee’s monetary pay for the job they do for a firm. It enables businesses to keep track of attendance, paid leave, and national holidays. It contains the computation of:
• Gross wages
• Salaries
• Bonuses and commissions
• Pay any applicable taxes
It takes into account the employees’ health insurance premiums, contributions to savings plans, salary and pay garnishments, vacation and sick days, worker compensation insurance, and other expenses. Payroll accounting in the UAE with AL MERAK saves you not only money, but also time and work for your organization as a whole.
Wage Protective System (WPS)
A Wage Protection System (WPS) is an electronic payroll administration system that processes employee payments through banks and exchanges. It was adopted by the UAE’s central bank to protect employees and their monthly wages. The Ministry of Labor keeps a database based on this information and tracks occurrences. The advantages include:
• Guaranteed pay protection leads to increased employee trust
• Ensures payroll runs smoothly and reduces employee unhappiness
Our Scope of Work
• Creating and maintaining personnel records
• Process payroll and calculate gross salaries for incentive programs and bonuses
• WPS registration, setup, and operation
• Calculation of employee benefits
• Calculation of employee end-of-service reward
• Check reimbursement expenditures for accuracy
Advantages of Outsourcing Your Payroll Accounting Services
• Cost-effective work pattern using advanced technologies
• Focused on fundamental tasks
• Avoid employing accountants
• Confidential and competent service
• Training costs and programs can be decreased
Why use AL MERAK for payroll accounting?
We save you time
We save you money!
We alleviate your problems by providing an orderly financial statement!
We provide consistent outcomes!
We guarantee your prompt and proper action!
By outsourcing your payroll accounting services in Dubai to AL MERAK, you will receive the best accounting services at a very low cost. In addition to payroll accounting services, AL MERAK provides CFO services, organizational restructuring, tax consultancy services, accounting software implementation, and due diligence audit services.
Contact us if you need help with payroll accounting in the UAE. Our payroll professionals will assist you in resolving your issues to the best of their abilities
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