Bookkeeping
Bookkeeping Service in Dubai
Fintax accounting firm is a well-known name in the UAE business community and provides the most reliable bookkeeping service in Dubai. We offer a complete range of computerized bookkeeping services to local as well as international businesses. With rising businesses, the need for bookkeeping services in Dubai is also rising. Our services are available at a fixed price including advisory. We not only record your financial transactions but also ensure the success of your business through our accurate services.
Proper and accurate bookkeeping is very crucial for the growth of any business. It records all the day-to-day expenses, receivables, and payables. This documentation of all the operational and financial transactions is important to regulate cash flow. The reports generated, reflect the economic impact of all the operations and transactions. Hence it is recommended to hire a professional bookkeeping service for your business. Bookkeeping not only documents all the financial transactions but also involves regulative parameters and process-oriented variations.
We provide flexibility to our clients to choose what they need for their business and how they want the reports to be presented. Our team covers all the aspects of bookkeeping and focuses on reducing the financial cost for our clients. We provide full support throughout the process of account management as well as tax preparation.
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Why Choose Bookkeeping Service?
- Accurate and professional reporting
- Future forecasting
- Reducing malpractices
- Simplifying the auditing process
- Filing taxes
- Timely payment of taxes
- Compliance with rules and regulations
Our Services include:
- Proper arrangement and allocation of day-to-day business transactions
- Preparation of chart of accounts, ledgers, expenses and sales entries in
- accounting software and bank reconciliation.
- Preparation of audit reports
- Budgeting services
- Expense classification
- Payroll processing
- Time tracking and job cost reporting
- Sales commissions
Major Difference between Accounting & Bookkeeping:
| Difference | Bookkeeping | Accounting |
|---|---|---|
| Context | Recording of transactions in books of accounts or to accounting software is called bookkeeping | Analyzing and interpreting the transactions that are recorded in the books is called accounting. |
| Relevance | Accurate bookkeeping helps in planning investments and managing cash flows. | Accounting data forms the basis of the top-management financial decisions. |
| Reporting and Planning | Bookkeeping helps in tax preparation and meeting government regulations. | Profit/loss, balance sheet, and other financial reporting are based on accounting. |
| Expertise | Bookkeeping supports the growth of business | Proper accounting is the main reason for the growth of a business |
| Growth of Business | Bookkeeping supports the growth of business | Proper accounting is the main reason for the growth of a business |
| Variations | Bookkeeping is done in single or double entry | Accounting is done as per the business requirements. |
After understanding the differences between bookkeeping and accounting, you must have understood that both are important parts of a business accounting system. Our professional bookkeeping service is offered by a team of experts who are well-versed in regional and international business standards.