The term bookkeeping refers to the recording of everyday business transactions that involve sales, purchases, receipts, and payments. Once a business entity gets incorporated, it enters into multiple transactions with multiple stakeholders. Be it a small enterprise or a multi-national company, maintaining such records serves to be extremely important. To carry out the process effectively […]
There are many good reasons for hiring accounting services at various stages for small business. An accountant can make your life easy at every step, may it be from a business plan to the formation of the company or an application for loan to tax auditing. Hiring a full-time accountant might not be a great idea for […]
In simple terms, payroll refers to the process wherein the company keeps a check on the overall payment offered by them. This process of maintaining the track record might seem easy at the initial stage of business, but as it grows, it turns out to be complicated. Dubai is the hub of international business entities, […]
In an organization, the accounting department is one of the most important department as it is responsible to keep a track of all the other departments and also keeps a check on the business transactions of the company since the start. It becomes essential that every business entity maintains a proper book of records from […]
A business entity can stand only if its core pillars are strong enough. These pillars include the different departments, and its stakeholders that give the very meaning of existence to a business entity. From the very first day of incorporation, a business ends in getting involved in multiple domains that include different transactions, planning, activities […]
Whenever we hear the word ‘Bad Debt’ it leaves scary footprints in our mind. In simple terms, it is stated as a receivable amount that can never be recovered, which again turns to be a tough task. In the business world, it becomes essential to keep a track on the cash being lent and the […]
As a small or medium-sized business (SMB), it might seem convenient to the management to do away with the accounting function entirely. While the management may consider it to be a move which will help manage the costs of the business and it will also provide the time to figure out as the future path […]
An escrow account is a legal account in which an asset or a financial instrument is held by a third party – an individual or entity – on behalf of two other parties that are in the process of completing a business transaction. The escrow agent holds the fund or assets until the final obligation […]
The effect of the recent technological advancements can be seen everywhere. The use of technology is increasing in all the parts of your life, be it entertainment, transactions or business. Even in the field of accounting and advisory services, companies now have accounting software which is very easy to operate and can interlink all systems […]
Whether upcoming companies or already establish one, all companies require accounting services, especially in a place like Dubai. Considered as the financial hub and one of the most vibrant cities in the Middle-East, it has witnessed an influx of finance companies in UAE causing a greater need for accounting & financial services in the area. […]
