Accounting and Bookkeeping services in Dubai

Regardless of the company's size, accounting and bookkeeping services are essential for all businesses in Dubai.

According to the UAE government, businesses must keep proper and standard records. A systematic and comprehensive method should be used to document all of the company's financial transactions.

Bookkeeping and accounting contribute to the recording and maintenance of the company's financial operations. In addition to this, accounting and bookkeeping help the company's management understand and monitor the movement of money before determining any financial decisions.

An accounting and bookkeeping system must be implemented to generate accurate financial statements, including profit and loss statements, balance sheets, and trial balances.

With a vast amount of experience within the UAE and an understanding of accounting and bookkeeping across multiple industries, TAMCA makes the best choice for accounting and bookkeeping in Dubai. We offer quality financial and accounting records maintained promptly. In addition, our chartered accountants offer an array of accounting and bookkeeping services in Dubai that support the smooth running of the business.

As part of TAMCA's accounting services and solutions, we follow the International Financial Reporting Standard (IFRS).

As a highly acclaimed company, TAMCA provides the following Accounting and Bookkeeping Services in Dubai.

Accounting

• Accountants play a crucial role in keeping a business in order. They help track income and expenditures, ensure statutory compliance, and provide management, investors, and the government with financial information that can be used to make business decisions. As one of the top accounting firms in Dubai, our accounting experts can assist you with any accounting needs.
• Our Accounting team offers valuable insights and financial guidance to business owners, primarily focusing on the financial data that have been registered.
• In addition to the tasks mentioned above, our accountants are also responsible for the following tasks:
  • Maintaining the accuracy of the financial statements
  • Assuring that the company complies with applicable accounting laws and regulations
  • Prepares tax returns, income statements, and balance sheets, among other financial reporting documents
  • Achieving accurate and timely tax payments
  • Recognizing existing problems and offering the best solution to help the company succeed
  • Provides data on industry patterns, forecasts, and growth opportunities
  • Documenting the correct entries

Backlog Accounting

• During the initial setup of a company, many companies overlook updating their income or expenses. Essentially, they maintain their information in an excel sheet or any rough file, which could affect the business in the future. However, keeping these backlog accounts, regardless of the company's size, will gradually help the company climb the success ladder.
• A backlog is any unprocessed paperwork in accounting, such as sales invoices, purchase bills, expenses, etc. A company's backlog should be processed and analyzed, as it can provide critical information to its management, which will allow it to reduce risks and build a profitable business.
• TAMCA, with its pioneering accounting services in Dubai, is capable of keeping track of these backlog accounts and ensuring that all applications and work are completed on time. This allows our financial advisors and accountants to understand your business's current situation, your goals, and how to achieve them.

Book-Keeping

• Before making financial decisions, accounting services are essential for analyzing a company's financial position. To maintain financial records, companies in Dubai require bookkeeping services. A bookkeeping service allows an organization to keep track of financial transactions and maintain systematic financial records. To track money efficiently, businesses need to keep accurate and timely records of all transactions.
• At TAMCA, we provide quality bookkeeping services in Dubai. Our chartered accountants can handle complex accounting for all types of businesses. For high quality and accurate bookkeeping services, our accountants cover the following scope of work:
  • Assigning a chart of accounts to each business according to its nature and structure;
  • Establishing a balance sheet and verifying it;
  • Keeping track of monthly transactions, which include sales, purchases, bank transactions, etc.;
  • Journal entries;
  • Invoice receivables;
  • Banking and other account reconciliations;
  • Adjustments to debit and credit;
  • Payables reporting;
  • Analyzing and reporting financial statements.