GITPAC Consultancy rolls out live accounting system in Dubai

Core Insights - GITPAC Consultancy has expanded its financial management services in Dubai by implementing a live accounting system to ensure continuous monitoring and compliance with local regulations [1][3] - The new system addresses the UAE's business requirements, including VAT documentation management, audit preparation, and adherence to reporting standards [1][2] Group 1: System Features - The live accounting system integrates cloud-based tools with professional oversight, enabling ongoing recording, checking, and reconciliation of financial data [2] - It supports internal controls, reduces reporting delays, and maintains documentation consistency across various business units [2][4] - Key processes covered include client onboarding, transaction tracking, bookkeeping, automated reporting, and reconciliation [2] Group 2: Operational Impact - Daily operations are enhanced to ensure regulatory compliance and maintain reporting standards [3] - Continuous monitoring allows companies to maintain operational oversight and adapt to evolving regulatory expectations [3] - GITPAC Consultancy provides professional accounting services, enabling structured accounting practices while businesses continue their standard operations [3][4] Group 3: Market Response - Enterprises of different sizes are adjusting their internal procedures to meet rising demands for transparency and financial reporting [4] - The service is accessible to organizations across Dubai and other regions in the UAE, facilitating daily financial management and compliance oversight [4][5] - Businesses utilizing this framework are expected to maintain more current records, follow structured reconciliation routines, and improve their reporting readiness [5]