Accounting & Booking

Accounting and bookkeeping services in Dubai are required by all organizations no matter what is the size of the organization as the authority of the United Arab Emirates makes it compulsory to maintain a comprehensive and systematic recording of all the financial transactions of the organization.

Accounting and bookkeeping helps in setting up well-analyzed and exact financial documents such as trial balance, balance sheets, and profit/loss statements by classifying and recording all the financial data of the transactions. Accounting and Bookkeeping helps the management of the organization to comprehend and monitor the movement of the cash before making any financial decision.

It is compulsory from the Government of the United Arab Emirates to maintain the books and accounts of the organization for at least 5 years. The vast majority of the organizations in the UAE are hiring accounting firms in Dubai to satisfy the legal requirements to stay concentrated on their business goals and objectives.

UAE corporate services provider offers accounting services in Dubai that maintain quality as well as financial records. We UAE corporate services provider follow International Financial Reporting Standard (IFRS) to give well-maintained accounting and bookkeeping services as well as accounting solutions to guarantee higher sales and development of the organization.

Accounting: Accounting is the recording of an organization’s financial transactions involving individuals and businesses. Accounting is one of the most important parts of running a business, and you should understand why accounting is the lifeblood of any business. However, if this part of your organization is disorganized, it is reasonable to expect that the organization’s business will not run as smoothly as it should.

Bookkeeping: Bookkeeping, on the other hand, is the process of recording an organization’s economic activities. The passages are occasionally summarised. It was called “bookkeeping” because before PCs, these were recorded in actual books. However, transactions are now recorded electronically.