Accounting and bookkeeping services in Dubai are extremely important and mandatory for all the businesses in UAE irrespective of the size of the company.
As per the UAE government, it is mandatory for all the businesses in UAE to maintain the books of accounts in a proper and standard way. All the financial transactions of the company must be recorded in a systematic and comprehensive method.
Accounting and bookkeeping help to record and maintain the day-to-day financial operations of the company. Accounting and Bookkeeping assist the company’s management to easily understand and monitor the motion of the money before making any financial decision.
Detailed and accurate financial documents such as profit and loss statements, balance sheets, and trial balances can be prepared with the help of systematic accounting and bookkeeping.
It is compulsory from the Government of UAE to maintain the books and accounts of the company for a minimum of 5 years. Most of the companies in UAE are hiring accounting firms in Dubai in order to fulfill the legal requirements in order to stay focused on their business objectives and goals.
Our vast experience in UAE and in-depth knowledge of accounting and bookkeeping across multiple industries make Xact is the best choice for your accounting and bookkeeping requirements in Dubai.
offers the best and timely accounting services in Dubai that maintain quality accounting and financial records. At our chartered accountants provide optimal accounting and bookkeeping services in Dubai which allows the business to run smoothly and effectively.
we follow the International Financial Reporting Standard (IFRS) to provide perfectly ordered and updated accounting and bookkeeping services along with accounting solutions. Accounting services in Dubai are essential for all kinds and sizes of businesses.
Advantages of Outsourcing Accounting Services in Dubai
At Xact, we have a team of experts and certified accountants who are highly experienced in recording and maintaining the books of accounts of any organization, whether weekly, monthly, quarterly, or yearly basis.
Our accountants can provide clients with a variety of reports, from day-to-day bookkeeping to financial forecasting, in formats and templates they need or prefer. These include:
Sales & Revenue Posting
Accounting of Petty Cash
Received Material Posting
Depreciation & Fixed Assets
Debit & Credit Adjustments
Owner equity statements
Debtors and creditors statements
Daily or weekly accounting entries
Cash Flow Statement
Posting of Journal Entries
Purchase Invoices Posting
Posting of Material Issued
Admin & General Expenses
Accounts Payable Reporting
Trial Balance Reporting
Profit and Loss Accounting