For entrepreneurs and businesses worldwide, UAE is famously known as the gateway to the Middle-East and North African markets. A business-friendly environment and the robust legal framework upholding international charters enabled companies to move to the UAE. Risk assessment is integral to all companies, especially for those looking to operate in new environments and looking […]
The UAE is one of the top business and investment destinations for global companies. The long stable governance, market opportunities with access to African markets, a business-friendly framework, and a robust legal system have enabled the UAE to attract global business behemoths. The Emirates of the UAE are home to many Freezones, which cater to […]
We have seen a huge growth in E-Commerce platforms in the past few years. This has been possible due to advancements in technology that have been made in the years past. The growth of the E-Commerce platforms was also possible because of the pandemic caused due to Covid-19. As the people were confined to their […]
The pandemic has changed how the entire society works, forcing people to reduce their social interactions. Non-essential businesses are now entirely online-based, with many finding that working from home or remotely is more efficient and effective than working in offices. This move has exposed the inefficiencies in traditional bookkeeping and accounting for accounting professionals, which was largely outdated even […]
Managing workflow between employees of different skills set and skillset is a rather difficult process. When people work in conditions where their natural abilities align, they tend to work more efficiently. If they don’t align, they tend to have stress and anxiety. If the person’s skills are far beyond the work they have undertaken, they […]
These days outsourcing bookkeeping and accounting functions helps companies of all sizes shore up their teams’ skill gap by outsourcing a particular activity like accounting or auditing or planning to a third party. Outsourcing boosts the teams’ efficiency and sharpens their focus. Advancement in technology has enabled outsourcing to be an affordable option. Since the […]
After the setting up of a business, the next step for the management should be to expand into new markets and territories. This will allow the company’s products and services to reach new consumers, which will increase the company’s profitability. The decisions for the business expansion depend on various factors, and the management takes this […]
It is challenging for businesses to maintain a healthy cashflow. Amid this pandemic, the global economy is starting to feel the effects of the struggle to keep its business afloat, moreover, grow. Accounting can help your company succeed by providing you insights into your business’s overall health, offering an accurate report on your cashflows. As […]
The main objective of an Accounting Function is to record ongoing and operational transactions of any business. Any business, large or small, profit or non-profit is driven by financial information. This financial information comes in many forms, such as financial expenses, salaries, operational costs, operational cash flows, investments etc. All this recording of data creates […]
Accounting is one of the primary functioning arms in an organisation. It helps companies across the globe to gauge the business performance in accordance with different aims and goals set up by its management. Accounting is also a mandatory requirement to conduct an internal or external audit. In many jurisdictions around the world, including the […]
