Virtual Assets Accounting
Virtual & Digital Assets Accounting in Dubai, UAE
The intricacies of virtual assets continue to present pivotal hurdles for broad institutional adoption. Given that Virtual Assets and NFTs have no existing accounting standards, where businesses mostly follow principle-based approach, it hinders effective deployment of accurate accounting solutions.
When faced with that, SS&CO thinks outside the box and contributes to comprehensive accounting solutions that ensure transparency and help you stay on the right side of the legal laws.
What Sets Us Apart
Our team of seasoned professionals brings years of experience and expertise to the table. From bookkeeping to financial reporting, we handle all aspects of your accounting needs with precision and care.
We partner with our valued clients across the UAE to deliver secure, accurate, and hassle-free accounting services
By outsourcing your accounting functions to us, you can rest assured that your financial records are in capable hands. We leverage advanced technology and best practices to streamline processes, enhance accuracy, and ensure compliance with regulatory requirements.
With the burden of day-to-day accounting tasks lifted from your shoulders, you can redirect your time and resources towards strategic initiatives and business growth.
Virtual Assets Accounting
Our Virtual Assets Accounting keeps your digital finances clear, compliant, and confidently under control. No matter if you are a holder of Bitcoin, Ethereum, NFTs, or other digital tokens,
Our experts assist you in:
- Maintaining precise record of each transaction
- Understanding the UAE tax Regulations
- Preparing fully compliant financial statements
- Staying informed with the ever-changing legislations
- Expert advising on crypto-related business models
We expertly serve startups, established crypto investors, and enterprises navigating the virtual economy. When you put your faith in SS&CO, our experts bring clarity to your virtual asset holdings.
Trusted Accounting for Virtual & Crypto Assets
SS&CO operates as a trusted partner for handling the financial intricacies of virtual and crypto assets in the UAE. We offer you a blend of regulatory expertise, with top notch tools and a customer first mindset that help you supervise digital assets productively.
No matter if you are managing multiple wallets, on chain income, or deploying crypto into your business model, our virtual assets accounting services help you streamline the process through tailored solutions regardless of your size and industry.
We trust that faith is built on actual outcomes, therefore we offer personalized consultations, detailed reconciliations, and hands-on support every step of the way. To manage your virtual and crypto assets effortlessly, choose SS&CO and we will bring you reliable solutions that you can always count on.
Next-Gen Accounting for Next-Gen Assets
Assets are evolving digitally, and so are our accounting solutions. SS&CO virtual assets accounting services UAE, bring next gen accounting tools that are created for digital economy. Our accountants are highly trained in blockchain essentials and the demanding nature of decentralized finance.
We help businesses with:
- Establishing Web3 startups with sound accounting practices
- Managing reports and keeping investor’s track across multiple wallets
- DAOs and token projects to remain transparent financially
SS&CO utilizes the combination of modern-day automation tools with block chain aligned systems to put forward real time insights and proactive financial planning.
We understand the fluctuating nature of token valuation and decentralized protocols and offer you adaptive and smart accounting solutions that are shaped keeping constantly evolving landscape in mind.
Our Commitment to Your Needs
- Precise and updated valuations for your digital assets, including cryptocurrencies, NFTs, and tokens.
- Tracking of each VAs transaction for precise reporting that enables you to stay ahead of your financial game.
- Handling complex local and global tax regulations, with tax planning, reporting and audit support.
- Align your VAs with blockchain-based accounting systems for improved security and accuracy.
- Drafting financial summaries with the priority to focus on holdings, gains and losses to keep your operations ready for audits.
- Strong Risk management strategies to shield your data from volatility and security risks.
Accurate. Compliant. UAE-Based Crypto Accounting
In the progressing world of crypto, accuracy and compliance are not just optional but mandatory. SS&CO digital assets accounting services go beyond bookkeeping and offer detailed handling of ledger, asset classification, performance tracking, and crypto-to-fiat reconciliation.
It doesn’t matter if you are operating a blockchain-based company or investing in DeFi, we keep your financials clean and compliant.
Why opt for SS&CO for your crypto accounting needs? Consider the following:
- Comprehensive understanding of UAE regulations
- Professionally skilled Crypto advisors and CPA experts
- Ready for Audit reports customized for free zones, DMCC, and mainland entities
- Effortless integration with digital wallets and exchanges.
At SS&CO, compliance and precision goes hand in hand, we stand by your side as your crypto accounting partner who is dedicated to help you scale, innovate and lead with purpose in the evolving digital asset space.
SS&CO: Your Trusted Ally
Putting your trust in our teams brings you a bounty of rewards, from expert advisory and tailored solutions to comprehensive support, we help our clients to get a clear picture of their virtual asset accounts.
We have assisted hundreds of satisfied clients in raising the probability of success by investing in virtual and digital assets by 50%. Bring us on board to also increase your likelihood of succeeding in the virtual assets’ world.
Your Trusted Advisor for Long-Term Success.
Frequently Asked Questions?
It is important to record each transaction separately while dealing with virtual assets. Many software helps during this process to track and convert multiple currencies into a single reporting platform to ease the process of calculations.
While the accounting of traditional assets can be complex but accounting for virtual assets is even more puzzling due to the lack of legal accounting practices and regulatory frameworks. Furthermore, the worth of digital assets can change and fluctuate rapidly as compared to traditional money.
Yes, virtual assets can be treated as inventory if they are held for resale in the regular course of business, like businesses running crypto exchanges, virtual assets might be reported at either cost or market value, based on the chosen accounting approach.
It is mandatory to report virtual assets on balance sheets with fair market value. If there are any gains or losses, they should also be listed in profit and loss statements. Likewise, staking rewards or mining from VAs are also obligatory to be included in the income statement.
Schedule a Consultation
Let’s talk about your goals, find new opportunities, solve challenges, and create a simple plan for lasting success together.
- +971 4 333 1213
- +971 50 262 0170
- info@sscoglobal.com
