There are many reasons why business owners need their businesses to be evaluated. There are also many that suggest it is not wise for them to do it themselves, or try to do it in house. And there are still more why they should rather outsource the valuation, and put it in the hands of the right qualified and accredited accounting firm in Dubai.
Determining the correct value of a business and its assets is extremely important. It can have a game-changing financial effect on negotiations and decisions, whether these are in connection with expanding the business and looking for new investments or about selling it now or in the near future, enabling the dissolution of a business partnership or marriage, or settling disputes with shareholders.
With the successful outcome of all these at stake, it is vital that the valuation is as accurate, professional and well prepared as possible.
The Benefits of Hiring an Independent Company
An independent accounting and bookkeeping service in Dubai is exactly that – it is independent. And that is one of the biggest advantages of hiring one, particularly when it comes to small and medium enterprises. In these smaller businesses emotions or subjectivity are too often involved in either the reason for the valuation, or in the owner’s personal connection with the business, and the impact the valuation could have on their lives and finances. The same is true when it comes to in house accountants or anyone else with close ties to the business.
Why You Should Consider Outsourcing your Business Valuation
Business valuators at accounting firms in Dubai have access to a wide array of databases. When this is allied to their experience, training, and knowledge of the formulae and methods, they are best able to value and position the business as accurately as possible in relation to both the current economy and market, and in light of future cash flow projections.
The right valuator is highly qualified, certified, and experienced in evaluating businesses and assets, and in many instances, their work is performed under the watchful eye of accredited national or profession-based bodies. The resulting value assigned to the business and its assets is, therefore, more likely to be considered fair, accepted, and respected when brought into any negotiations or decision-making processes.
Why Xcel Is The Right Choice For Accounting Needs in Dubai
Drawing up the valuation of a business and its assets involves providing access to both the business itself, and its documents and records. It may even include interactions with certain key members of staff. This is necessary to produce the most accurate picture possible of the business and its proven and possible potential.
A complex process, valuation does not exclude the chance of errors and therefore needs the participation of the right accounting and bookkeeping firm in Dubai such as Xcel. This brings together a group of experienced chartered accountants in offering a number of different accounting services, including business valuations.