- November 9, 2020
- Posted by: kgrnaudit
- Category: accounting, Bookkeeping
As you would have known, bookkeeping and accounting are the two major pillars of any successful business. Though they seem like the same, bookkeeping and accounting are two diverse fields. Bookkeeping usually encompasses the recording of the day-to-day transactions of a company. Bookkeepers record and maintain financial reports, receipts, payments, and sales. Accounting, on the other hand, involves the process of analyzing and investigating based on the details of your company’s book of records. Both of these activities bring order and organization to the economic structure of your company.
As a company in the UAE, you would be aware of the law that requires all businesses to maintain a book of records for a minimum period of five years. Therefore, by reaching out to one of the certified accounting and bookkeeping companies in Dubai, you can get your records professionally maintained.
Accounting and bookkeeping firms in Dubai must comply with the IFRS standards to be legally recognized. By outsourcing to established chartered accountants in Dubai, you can always ensure the quality and legibility of your records. By maintaining a book of records, you can stay prepared for unannounced audits, investors, and financial planning.
Most importantly, you can have peace of mind and have a better understanding of where your capital goes. Bookkeeping also helps in tracking your cash flow. That will, in turn will help you get a clear analysis and improve your decision-making skills.
KGRN has a team of well-experienced and knowledgeable professionals who are always there to assist you in your accounting and bookkeeping processes. Moreover, we are available round the clock and consider customer satisfaction as our highest priority. Contact our professionals for more details on KGRN’s accounting services in UAE.
For enquiries, call +971 45 570 204 / E-mail: email@example.com