We generate and examine your monthly income statements, in order to keep track and analyze all incomes and expenditures. We ensure that all financial information is correctly reported for taxation, auditing, and strategic purposes.
Our team of Accounting & Bookkeeping experts provides monthly reviews and updates of tax returns and all other financial statements. This way, you can always have the comfort of correct and true financial information.
Filing taxes is a stressful task for most. We take the pressure off your back! Our team of financial experts provide timely and accurate account review & VAT filing services. Your taxes will always be filed on time, without you having to lift a finger!
Our team of specialist Accounting & Bookkeeping analyze each transaction on an individual basis.
After careful analysis, each transaction is correctly recorded in the general journal.
All recorded entries are posted in the correct and relevant ledger accounts.
Once all entries have been correctly posted, our team develops all the necessary financial statements & balance sheets on a monthly basis.
Our team has 0% room for errors. We post all entries into the trial balance to ensure that everything is recorded & balanced correctly.
We create easy to read, visual reports to help you understand even the most intricate financial information.
Accounting is important to every company because it helps them track the standing of their business in terms of income and expenditures. It also helps companies to ensure their statutory compliance and provide investors, management, and government with a precise quantitative financial report to help support in making business decisions.
Financial statements of companies should include the following:
1. Income statement providing the information about profit and loss
2. A balance sheet with a clear indication and picture of the financial position of the company on a particular date
3. Cash flow statement reporting the cash generated and spent during a specific period of time.
Companies established in the UAE must provide an annual activity report that is audited by an auditor to the Ministry of Finance (for trading companies) or to the Ministry of Industry (for industrial companies.) This requirement will serve as the company's primary document for the renewal of the company's license.
In general, companies incorporated in the UAE should maintain and keep their book of accounts for a minimum period of five (5) years.
Bookkeeping is an act of keeping track of all financial transactions and post debits and credits. It is an activity of recording the financial transactions of the company and is essential to the business's accounting process.
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