ACCOUNTING & BOOKKEEPING SERVICES IN DUBAI, UAE

Accounting and Bookkeeping Services in Dubai, UAE

ACCOUNTING & BOOKKEEPING SERVICES IN DUBAI, UAE

Accounting and Bookkeeping Services in Dubai, UAE

Accounting and Bookkeeping Services in Dubai, UAE

Accounting and Bookkeeping Services in the Dubai UAE, keep track of finances and is integral to make strategic decisions for any company, be it a startup or an established company. Accounting and Bookkeeping Services in the UAE are the steppingstones to an organization’s success.

Bookkeeping services is the process of keeping records of financial transactions and preparing financial statements, like Balance Sheet and Profit & Loss A/c. With the introduction of various laws, maintaining the books of accounts has become a mandatory compliance requirement, apart from tracking the receivables and payable accounts.

Accounting is the process of tracking all income earned and expenses incurred. The accountant offers financial advice based on the company’s financial situation, steering the business to success. He is considered a financial strategist who helps with audit, tax planning and provides business financial advice.

Outsourcing of accounting and bookkeeping services assure the business of obtaining professional services, complying with all the laws, standards, and requirements of the Land.

We, Emirates Chartered Accountants Group house qualified accountants with experience in different industries. Our Accounting and Bookkeeping Services in the UAE will assure you financial records that comply with the law and strategic financial advice, helping your business grow to greater heights. We understand that each business is different, and the financial requirements vary accordingly. Our distinct services catering to the different needs of a business are as follows:

Accounting and Financial Reporting

Accounting and Financial Reporting

Our service includes monthly or quarterly regular updating of accounts or supervision services.

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Backlog Accounting Services

Backlog Accounting Services

The books of accounts are updated from the inception of the company.

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Fixed Asset Management Services

Fixed Asset Management Services

The assets are identified, means employed to finance the assets are ascertained and results obtained from using those assets are assessed.

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Standard Operating Procedure

Standard Operating Procedure

A procedure for carrying out the business activities, right from the approval stage to closing the transactions are documented and implemented.

Inventory Verification Services

Inventory Verification Services

Tracking and analyzing the movement of inventory, re-stocking at required levels, and disposal of scrap in the appropriate method.

Accounting & Financial Reporting - FAQ
ACCOUNTING & FINANCIAL REPORTING – FAQ
People usually ask
What is Financial Reporting?
Ans: Financial reporting is the process of disclosing the financial results of an organisation. These reports are used by the shareholders and public for decision making. Financial reports include an income statement, balance sheet and statement of cash flows.
What is the difference between Financial Accounting and Financial Reporting?
Financial Accounting focuses on the recording of transactions and preparation of financial statements, while Financial Reporting is the communication of those statements to stakeholders.
What are the types of Financial Reporting?
Types include income statements, balance sheets, cash flow statements, and statements of changes in equity, along with management reports.
Is Financial Reporting part of Accounting?
Yes, Financial Reporting is a key component of accounting, as it communicates the outcomes of the accounting process to stakeholders.
What is the difference between the Balance Sheet and Profit and Loss A/c?
The Balance Sheet shows a company’s assets, liabilities and equity at a point in time, whereas the Profit and Loss account reflects the financial performance over a period.
What is the difference between Cash Flow Statement & Fund Flow Statement?
The Cash Flow Statement records inflows and outflows of cash only, while the Fund Flow Statement shows changes in the financial position between two balance sheet dates.
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