Bookkeeping & Accounting Services

Accounting is one of the most important factors that make a business run, and it is essential for you to know why accounting is the lifeblood of any business. If this part of a company is not orderly, it should be expected that the business is not running as efficiently as it should.
VAT in UAE already implemented now it’s time of tax returns filling, books of account should be maintained for five years as well

Setup of the accounting system
Setting up of Chart of Accounts
Recording of business transactions (sales, purchases, journals, etc.) as per Accounting Principals
Allocation of payments & receipts to match invoices
Sorting and matching receipts & payments with credit cards and bank statements
Bank reconciliation statement
Co-ordination with Auditor for Financial Statements Audit
Preparation of year-end audit schedules and reports
Preparation of year-end working papers, reconciling balance sheet items, posting of adjusting entries, year-end accruals, allowance for doubtful debts, etc. to ensure quick completion of the audit
Budgeting and forecasting
Extraction of monthly Management Reports
Extraction of the monthly income statement and balance sheet
Extraction of monthly expenses report
General Ledger Reconciliations
Comprehensive Financial Reports (operational & financial ratios and many others)