Backlog Accounting
About Us
Alliance Chartered Accountants provides backlog accounts services in Dubai, where we assist in updating the company accounts, as proper business management is essential for successful financial status. Entrepreneurs recognize that a variety of factors influence the growth of their businesses. Following the implementation of Commercial law in the UAE, proper record keeping has become mandatory. As a result, Backlog accounting services are critical for the expansion of Startups and SMEs in Dubai, UAE.
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Why is there a need for Updating backlog accounts in UAE?
The backlog accounting in Dubai is a process of recording the periodic transactions from the inception of the business. It aims at ensuring the complete data on all the business transactions that portray the actual condition of the company. Usually, companies avoid the records of their income and expenses in the initial stage because they opt for the basic level of maintenance. Updating Backlog accounts services in UAE is necessary to define the accurate financial position of the company rooted to achieve higher profits in the future.
Benefits of Backlog accounting service in Dubai
Why Choose
Alliance CA
We at Alliance Chartered Accountants provide all types of backlog accounting services in Dubai. Our experienced professionals are fully equipped with the right knowledge and technical expertise to assist our clients with minimal cost. Our team helps in updating the backlog accounts from the initial year of establishment. We ensure that all the pending accounts are closed properly by following the statutory requirements and legislations. We also collect important documents such as receipt vouchers, invoices, payment slips, bank statements or cash expenses, etc. Our experts work on the updated regulations by implementing the latest accounting software and thus maintain the books as per the recent market changes.
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What are the audit requirements in Dubai, UAE?UAE Commercial Companies LAW / Federal Law No. 2 of 2015 requires all organizations operating within the United Arab Emirates to hire UAE-approved chartered accounting firms that are registered with and have been issued licenses from the Ministry of Economy for auditing their accounts. Furthermore, professional Auditing companies in Dubai are essential for organizations to ensure that their business complies with the laws, rules, and regulations, and the accounting standards applicable in the UAE.
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Is Auditing Mandatory in Dubai?Yes, following the UAE Commercial Companies LAW / Federal Law No. 2 of 2015 all organizations operating within the United Arab Emirates are required to hire UAE-approved chartered accounting firms that are registered with and have been issued licenses from the Ministry of Economy for auditing their accounts.
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What are the risks involved with auditing companies in the UAE?Auditing firms in the UAE have to be careful of the risks and probabilities of Substantial Misrepresentation while conducting audits.