It is possible to have a profitable business and still struggle with cash. The reason is simple: profit is not the same as cash in the bank. A customer may have been invoiced and the sale recorded in your accounts, but if payment is due in 60 days, that money isn’t available to pay today’s
Your Business Is Profitable. So Why Is Cash Always Tight? Read More »
Monthly accounting should be more than recording transactions and preparing accounts. Used properly, your monthly financials can tell you where the business is performing well, where cash is getting tied up, and where management may need to take action. Here are seven areas worth reviewing every month. 1. Revenue – Is the business actually growing?
Monthly Financial Health Check: 7 Numbers UAE Businesses Shouldn’t Ignore Read More »
The UAE’s e-invoicing journey has reached a significant milestone with the approval of 41 Accredited Service Providers (ASPs) by the relevant authorities. While this is a positive development for businesses preparing for compliance, many organizations are now facing a new challenge: “With 41 approved providers available, how do we know which one is right for
A Strategic Move Toward Economic Stability in Abu Dhabi In a move welcomed by both businesses and residents, Abu Dhabi authorities have announced the suspension of rental increases on residential, commercial, and industrial lease contracts until further notice. While the immediate benefit is clear—tenants can avoid unexpected rent hikes—the long-term implications extend far beyond real
Abu Dhabi Rent Freeze: What It Means for Businesses, Residents, and Financial Planning Read More »
Simplify Your Business Finances with E Craft Global’s SME Finance Package Where Your Financial Future Comes First Managing finances is one of the most critical aspects of running a successful business. For many SMEs in the UAE, maintaining accurate financial records, ensuring VAT compliance, filing corporate taxes, and managing accounting processes can be both time-consuming
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The UAE Ministry of Finance’s reported extension of the Accredited Service Provider (ASP) appointment deadline from July 2026 to October 2026 has been welcomed across the market. For many organizations preparing for Phase 1 of the UAE’s e-Invoicing rollout, the additional time provides breathing room in an already demanding transformation program. But while the extension
What Preparation Should Focus On A structured approach to e-invoicing readiness typically includes: Starting early allows businesses to address these areas without disrupting ongoing operations.
Preparations for E-Invoicing Read More »
UAE E-Invoicing The UAE’s e-invoicing framework is now defined, with phased implementation already underway. By January 2027, businesses in scope will be required to issue invoices in structured formats, exchange them through Accredited Service Providers (ASPs), and align with real-time reporting requirements. While awareness is high, the practical implications for systems and processes are often
UAE E-Invoicing: What Businesses Need to Get Right? Read More »