Note (disclaimer): This is a general test applied for small laundries 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 may be giving monthly credit to their customers but that’s recovered before the end of the next consecutive month. Even if they do not have a POS system that records all cash and credit sales properly, they have a hand-written booklet that records all transactions properly. And they have no stock. These are usually managed by the owner himself / herself or a trusted representative (meaning, the management isn’t vested in professionally qualified people). Such laundries do not have assets beyond their stand-by washing machines, irons, display furniture and fixtures. They have no bank loans (not even unsecured ones), no overdue receivables, no long list of suppliers, they have no goods to trade 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 services (like some special cleaning services), 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.
