Note (disclaimer): This is a general test applied for small groceries (referred to as Bakala in Arabic) that have businesses up to AED 6,000 per day (or, AED 2.2mn per year) that have numerous tiny transactions throughout the day and typically service just a small cluster of villas or buildings that are close by. They do not have high value transactions. They do not give credit to their customers. They have a POS system that records all cash and credit sales properly. And their stock is maintained in a computerised manner too. These are usually managed by the owner himself / herself or a trusted representative (meaning, the management isn’t vested in professionally qualified people). Such groceries do not have assets beyond computers, display furniture and fixtures. They have no bank loans (not even unsecured ones), no overdue receivables, no long list of suppliers, their goods have a limited shelf-life (except for a few hardware items and utensils that are slow moving), their inventory is neatly bar coded and their stock taking is carried out by independent agencies, and have the most meagre staff benefits. By the nature of their business, they have no high value assets, building or such capital assets as a result of which, they have no borrowings too. For any complexity in the business like multiple outlets, esoteric inventory (like exotic meat), related party transactions, staff advances, elaborate marketing costs, etc, you may refer to our team for a more firm quote. This fee also considers all the conditions for the 50% discount (click here for details). We retain the right to increase the fee and to refuse the audit depending on any number of conditions.
