Bookkeeping and Accounting Firms in Dubai
What is Bookkeeping and Accounting?
Bookkeeping is the recording, storing and also retrieving of financial transactions. It is one of accounting part in business. Financial transactions here includes transaction made for purchases, sales, receipts, and payments by an organization.
Recording of financial transactions is done by bookkeepers, who record all the business transactions on a daily basis.
An Accountant makes the financial report on the basis of information recorded by the bookkeeper. So, the bookkeeper maintains the general ledger i.e trial balance for any business and the accountant maintains the income statement and balance sheet.
The bookkeeping process involves four steps:
- Analyzing financial transactions and assign them to specific accounts.
- Write journal entries according to credit and debit to the appropriate accounts.
- Posting entries to ledger accounts.
- Adjusting entries at the end of each accounting period.
Bookkeeping process is based on two basic rules
- Every debit must have an equal credit.
- All accounts must balance, follows from the first.
- Analyze and classify data.
- Journalization the transaction.
- Posting entry from journals to general ledger.
- Prepare unadjusted trial balance.
- Record adjusted entries.
- Prepare the adjusted trial balance.
- Prepare financial statement
Bookkeeping and Accounting Services in Dubai-Elevetabs.com
Elevate Business Solutions is one of the top Bookkeeping and Accounting firms in Dubai. We provides best services and endeavor to comprehend your business needs and long haul objectives. So, we can tailor a bundle that would meet your necessities.
Good bookkeeping and accounting services is an key components in running a business . Our wide assortment of administrations incorporates bookkeeping services in Dubai. Internal Audit services in Dubai can help your assessment obligation. And also improve your income with financial stability.
We are phenomenal Accounting firms and not restricted to following the legitimate prerequisites. We likewise incorporate the improvement of procedures who works to create the most astounding incentive for the businesses.
We additionally help you with appropriate strategies for the development of your business. Our techniques will be helpful you in accomplishing a majority of your business objectives.
We at Elevate are the best Accounting and Bookkeeping companies in Dubai. We work to furnish with procedures that disentangle the bookkeeping method for you. And for your business to help in developing a successful corporation.
Known to be a standout among other. Elevate gives the most extraordinary bookkeeping services. Our administrations centered on giving administrations too little and fair sized organization.
We work to help you in sparing a mess of time that you would spends on monotonous Accounting and Bookkeeping firms in Dubai. This will help you in concentrating more on your business and increment your benefit.
The specialized aptitude makes us best among other accounting firms in Dubai.
We are offering services that developed by skilled & experienced team of accounting managers. We are here to simplify the accounts issues and deliver best services to our clients.
Elevate Business Solutions Accounting and Bookkeeping Services in Dubai:
- Annual accounting contract
- Quarterly/Annual Forecast
- Financial reporting and consolidation
- Backlog accounting jobs
- Ongoing Bookkeeping
- Training of new accountants
- Shared accountants / Part-time accountants
- Ratio analysis
- Inventory maintenance
- Payroll processing services
- General ledger maintenance
- Inter company reconciliation
- Budgeting & cash flow management
- Profit and loss and annual audits
To cater specific industries requirements we are best to bring to the table an experienced team.
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