Bookkeeping in UAE
Bookkeeping, a part of the accounting process in businesses refers to the precise recording of financial transactions. Known for the most reliable bookkeeping services in UAE, BOOKBLISS experts help you maintain an accurate book of accounts to manage your accounting and tax preparation needs, complying with the tax regulations of UAE. More than just recording your payables and receivables, we guarantee the security and success of your business through accurate bookkeeping and accounts management. BOOKBLISS is one of the leading bookkeeping firms in UAE, which offers outstanding accounting and bookkeeping services in UAE, maintaining records of the day-to-day transactions that occur in a business entity
Bookkeeping Services
In the dynamic business environment of the [region], maintaining accurate and transparent financial records is essential. Bookbliss Finance Consultancy provides comprehensive bookkeeping services to ensure businesses adhere to regulatory standards and make informed decisions.
Our Approach
Our bookkeeping services encompass the following key components:
- Daily Transaction Recording: We meticulously record all business transactions, capturing essential details such as dates, amounts, and unique reference numbers, facilitating accurate tracking and reconciliation.
- Ledger Maintenance: We maintain ledgers that reflect the financial activities of your business, ensuring that every transaction is accurately categorized and documented.
- Bank Reconciliation: We regularly reconcile your bank statements with your financial records to identify and rectify any discrepancies, ensuring the integrity of your financial data.
- Financial Statement Preparation: We compile comprehensive financial statements, including income statements, balance sheets, and cash flow statements, providing a clear picture of your business’s financial health.
- Compliance with Regulations: We ensure that all financial records comply with the Commercial Companies Law and International Financial Reporting Standards (IFRS), facilitating smooth audits and regulatory reviews.
Benefits of Our Bookkeeping Services
- Enhanced Decision-Making: Access to accurate and timely financial data supports strategic planning and operational efficiency.
- Regulatory Compliance: Our services are designed to align with financial regulations, including VAT requirements and IFRS.
- Cost Efficiency: Outsourcing bookkeeping processes reduces redundancies and operational costs.
- Scalability: Our solutions are adaptable to accommodate business growth and evolving financial complexities.
F A Q
Frequently Asked Questions on Bookkeeping Services in UAE
What sort of bookkeeping do you guys provide?
Typically, once a month services are performed after the prior month has ended. We work behind the scenes on the books, recording the activity that has occurred on a scheduled time but that of your choosing. We reconcile, review and supply financial reports. The frequency of visits, the number of transactions and level of activity touches the price range.
Do I want a bookkeeper if I even have an accountant? What’s the difference between the two?
It is contrary that, accountants and bookkeepers perform different tasks. A bookkeeper’s common responsibilities consist of (i) Compiling data on a day to day basis, (ii) Categorizing expenses within the ledger, (iii) Reviewing the overall ledger for accuracy, (iv) Reconciling bank statements against the overall ledger, (v) Generating financial statements. The Accountants supply advisory services to the updated ledgers provided by bookkeepers, such as:(i) Analysing the company’s financial data, (ii) Preparing tax returns, (iii) Providing tax planning advice.
How does a virtual bookkeeping service work?
Depending on the work schedule that you choose for the books to be updated, we perform the bookkeeping services daily, weekly, twice monthly, monthly, quarterly, and annually. We perform the tasks which will flow from to process; online banking activity, payroll, paying bills, and reconciliations. We access the banking and master card accounts online if approved by the client. This enables the bookkeeper to grab statements, search check images, deposit details and be ready to fill during a lot of the missing details without having to ask the client for all the knowledge. If you don’t feel comfortable thereupon, we’ll believe you to supply all the knowledge.
What is the price range for the services?
Since BOOKBLISS believes in the quality of the work we provide, our price range depends on the requirements of the client and the scope of work.
What sort of security can we have in place?
We understand your concern; the privacy of our customers is utmost important to us and that we won’t share your information with third parties as we included a confidentiality clause in our service agreement. Any data that we are in available contact are going to be held within the highest confidence. We assure data encryptions with passwords and data protections with firewalls.
How can we send documents and business information to your office?
For your convenience, there are several ways to clients submit information (i) Through our client portal, (ii) Office drop off, (iii) Email, (iii) Snail mail
How are your services billed? Flat Fee or Hourly?
For regular bookkeeping service clients, we bill Flat fee monthly advance payments.