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The best way is really building strong relationship that is based in good customer service, trust and efficiency in client handling/business handling at all times. You have to be able to have a deeper understanding of the needs of your client so that you are able to achieve not only closing the sale but also client satisfaction.
Accounts and Accounting is science and businesses may cruise, if one has all his business transactions recorded in Accounts books in timely manner, adhereing the laws of land.
All the transactions must be recorded and reported as per accounting policies and procedures.
Use of accounting pacakages will be of great help. one of such user friendly pacakage is Tally. It records all needs of business and reports can be generated easily for timely decision making.
Recently, VAT law has been implemented in UAE, and to manage accounting and adhering VAT law with timely payment of VAT and filing of returns is a must. Hence, Tally will be very useful application to cover up such new law to the fullest.
conclustion : Computer Application - Tally Accounting pacakage is the best way for small businesses in UAE to manage Accounts including in rules of VAT Law.
The best way for manage accounts in the small business is very simple
1) Need to appoint a professional accountant how can manage manual and software bass accounts.
2) Need to purchase one software or it depend on the kind of business as most of the places excel is enough for the small business.
3) Need to provide the one separate office where the accountant can keep his files safely.
4) Provide all required stuff for bookkeeping & good internet service for necessary corresponding with the supplier or customer.
The businesses put all the accounting principles int o considerations carry out appropriate book keeping and cash control procedures
In todays digital world, I think the best way is to have a good software which captures all the required details of accounting. This software will also give us the daily / weekly/ monthly / Quarterly reports for the business owner to findout whats going on on day to day basis. Based on the reports he can take calls on how to improve on the business and increase revenue.
Best way to keep the day to day account books updated both in manually and electronically. Review the records weekly, monthly and quarterly as a practise to measure the business graph.
As my experience, businesses all the time looks to hunt more and more customes. In the mean time, their old accounts are left unatteneded. With new customer adding and old customer subtacting, the portfolio reamins balanced. So any business should have both "Hunters and Farmers Group"into their teams. A new customer is as important as old existing customer. Their should be "Relationship Manager"to manage those existing portfolio.
The best way is to employ Accountant and get good accounting sofware .
Software solution and manual are two main way to manage accounts, as for as small businesses are the concern in UAE, need to adopt software solution for their core aspect, and can use the manual system for non-core aspects like payroll.
Mostly SME is not giving much attention to book keeping accounting area.
There are many benefits for setting accounting department. Samall businees should do the below steps for the formation of accounting department.
1-There is should be a accounting softaware.
2-Hire an accountant with necessary skills.
3-Set Job descriptin and job specifiaction.
4-Establish chck & balances.
5-Periodic performance report.
6- Performance review and correcrtive measures if needed.
MY EXPERIENCE HAS TAUGHT ME TO GIVE MAXIMUM SERVICE SATISFACTION TO CUSTOMER. SO THAT WHEN CUSTOMER AGAIN COMES BACK ASKING FRO OUR SERVICE RATHER THAN CHOOSING ANYOTHER PERSON. SHOULD KNOW TO HANDLE CUSTOMERS FROM ALL CLASS
