Financial planning for startups:
The auditors can guide you about the pros and cons of accurate auditing.
What are the documents do you need to provide to the auditor?
- Your trial balances and all supporting documents
- Material contracts;
- Agreements of employee;
- Shipping/tracking numbers, payroll records, tax returns etc.
Make sure all of your records are accurate and up-to-date. This type of financial planning for startups is integral to your company, whether you’re preparing for an audit or not.
Communication with the auditor
End to end communication is an important factor for a successful audit. The primary step is a kickoff meetings with the audit team. At this stage clear all your doubts and get to know that how auditors are doing their work.
Always important to know the deadline and submission of reports prior to the deadline. Clearly understand the auditor’s requirements from you to do the task.
Another factor of the audit is comparing internal cash flow,and expenses against external records.
Setting up for an audit
Your documents must be prepared by a professional auditing team, and ensure that they all are well arranged and easy to verify. This will fasten the audit process, making it as simple as possible. When saving your documents, use a secure virtual data room setup, like the cloud or Dropbox. This data should be easily available. Having financial records upto date . All this audit prep work are critical elements of financial planning for startups.
Why choose AGX auditors?
AGX auditors are the team of professional accounting and auditing service providers in DUBAI,UAE. We are registered Auditors under the Ministry of Economy UAE , Dubai delivering dedicated Audit, Accounting, Tax services, Financial Advisory and Business Advisory Services complying regulatory requirements.
Our services are available to all the Emirates in UAE. AGX is one of the accredited auditors for DIFC,DMCC,DAFZA ,JAFZA and all other Free Zones in Dubai and UAE.
We at AGX will assist you in taking care of all the procedures involved in the VAT process. Call us today for any kind of assistance at +971 50 2981990 or email us at agx@agxauditors.com to get all your queries addressed.