Maintaining proper books of account for at least 5 years is mandatory for the companies as per the UAE Commercial Company Law 2015. Many free zones in the UAE has made it obligatory to their companies to maintain their company accounts and get the audit done from approved & listed accounting & audit firms in Dubai & UAE.
Financial accounting & bookkeeping has become streamlined globally with the implementation of IFRS but that makes it more technical and complicated. If we see the past five years as an example, the future will come with more regulations, requirements and compliance standard. UAE is a global hub for the business, it is growing every day with new business opportunities. To compete in the market and stand out in the industry, a company’s financial statements and reports must be made by meeting international standards.
It is never easy to for an organization to run the business operation, making the business grow, beat the competition and to comply with the local laws and legal requirements. Having said this, the bookkeeping & accounting activities of a company is quite tricky and difficult to manage and here come the services of accounting & bookkeeping firms in Dubai & UAE such as Leads Accountancy & IT Consultancy FZE come into play.
Leads Accountancy & IT Consultancy FZE help you to run your business effectively with healthy growth. Recording all the financial transactions of a company is the main and basic task of bookkeeping firms in Dubai & UAE. Accounting outsourcing companies in UAE consist of finest chartered accountants & auditors that keep accurate & up to date records of financial statements helping you to comply with local & international laws.
Leads Accountancy & IT Consultancy FZE also address cash flow requirements, preventing insolvency & bankruptcy, plan & forecast budgets that help in effective financial management & stability of the business.
Courtesy: https://jcauaeaudit.com/accounting-bookkeeping.html
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