Category: Accounting Services

In the dynamic and competitive business landscape of the United Arab Emirates (UAE), companies face complex financial challenges. Businesses often turn to professional accounting services to navigate these complexities and ensure compliance with regulations. Accounting Services in Dubai play a vital...

Do you know how accurate your accounting and financial statements are? Are you sure your accounting practices are adhering to the UAE legalities? Before knowing about the best practices, you should be aware of the consequences improper accounting. Poor accounting...

Business setup is not that hard in today’s business world, but companies slip when it comes to accounting. For managing the accounts, you always have two options: doing it by yourself and when it comes to doing it within the...

If you are in business, you cannot disregard the value of accounting and bookkeeping since, regardless of the kind of your enterprise, you must maintain accurate and complete business records. Today, many business owners select Dubai as their upcoming business...

What is Accounting? Accounting is the process of recording the financial transactions of a business. The accounting process includes analysis, reporting & summarizing the transactions of a business. Accounting is one of the key functions for almost any business and...

MIS report in full form is Management Information Systems Report. The management uses these reports to gauge how the organization performs so it can make intelligent decisions. MIS reports are a computerized database of a company’s financial information designed to...

Contra entry records cash and/or bank account transactions in the accounting journal. This entry’s treatment does not affect the financial statement line item balance. Contra entry affects the debit and credit of cash and cash equivalent. This transaction involves cash,...

A Bank Reconciliation Statement is a document that notes the similarity and dissimilarities between the cash balance on your Balance Sheet and the amount on the bank statement. When these two accounts are reconciled, you can identify whether there’s a...

What is Trial Balance? A trial balance is a financial report that lists a company’s general ledger accounts closing balances at a certain period. A trial balance contains accounts that are the main accounting items, such as assets, liabilities, revenues,...

Financial accounting is different from bookkeeping, and accounting has a dual entry for every transaction – debit and credit. In the dual entry system of accounting, the accountant must first identify which account should be debited and which one should...