The concept of bookkeeping has evolved to maintain or keep track of the company expenses. Under the bookkeeping process, every transaction recorded so that it can help the accountants to analyse, decide, summarize the transactions, which will, in return, help the management to take feasible business decisions. However, it is to be noted that the […]
There has been a considerable increase in the number of companies in the UAE, and the number of incorporations is still increasing. This increase is because of the tax-free business environment and the state of the art infrastructure that the UAE provides to the companies. The various tax benefits and the advantages from the side […]
Transformed from the land of deserts to a Land of Gold, Dubai stands a hotbed for tourists across the world. The tourism sector stands as one of the most significant contributors to uplift the Emirate’s economy. According to a survey conducted by Euro Monitor, Dubai holds the first position, as the most visited city by international […]
An audit can be a costly and time-intensive affair, which is why many businessmen and entrepreneurs have the wrong perception about it. Many people feel that by conducting an External audit they are wasting the time and resources of the company but this could not be farther from the truth. When the review of a […]
Conducting an audit has slowly become an essential part of the life of a company or business. Organizations all over the world conduct an audit of their business undertaking irrespective of their size or the type of industry. One of the primary purposes of conducting an audit is to detect and prevent any wrong and […]
A corporate audit fiasco has the potential to break a business, and this makes error and fraud detection a priority to the companies. Fraud will not only affect the company financially but will also affect the reputation and the goodwill of the company. Mostly, every company employs an accountant on their payroll, but it is […]
With the evolution of company structures, the need for accounts maintenance has got a high demand. Business entities in Dubai are expected to follow the international accounting standards to maintain uniformity. Ranging from small to large-sized organizations, the concept of accounting is widely accepted. You must have come across instances where accounting is referred to […]
Whenever we hear about SMEs, one thing that strikes the mind is that it turns out to be a growing ground and holds financial insecurity. It is assumed that business growth is limited and does minimal business operations. However, it stands intact that the SMEs are slow-growing entities at the initial start. There stands a […]
You may have heard multiple times that the job of an accountant is to prepare the financial reports, manage the overall accounts of the company etc. However, you may not be aware of the fact that the presence of an accountant can boost your business. Wondering how? Well, in a clear way, it can be […]
The restaurant business is one of the promising business sectors prevailing in the region of the United Arab Emirates. Serves out to be an amalgamation of different cultures, the region ends up having restaurants dealing with different cuisines available worldwide. Business owners hold a general perception that a restaurant business ends up dealing with only […]
