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Is it mandatory for Companies in UAE to maintain proper books of accounts?
According to UAE Business Organizations Regulation, Government Regulation No 2 of 2015, each Organization is expected to keep up with legitimate books of records and choose an enrolled inspector to get its books of records evaluated consistently.
What are the primary purposes of maintaining books of accounts in UAE?
Books of Records are commonly kept up with for four fundamental reasons, e.g., Lawful Prerequisites, The board control of Organizations, illuminating financial backers and investors on the association’s monetary wellbeing, and other outsider necessities, e.g., Banks, Districts, or Monetary Establishments.
Why should I outsource my accounting & bookkeeping activities in UAE?
Re-appropriating administrations have turned into a standard practice in the business world and bookkeeping isn’t an exemption. By recruiting a reevaluated bookkeeping firm, you don’t need to manage the weights and costs that accompany having in-house representatives or doing everything without anyone else.
What are the key benefits of hiring a professional Accounting Firm to manage and maintain my books of accounts in UAE?
Cost-effective: Reduces overheads of your business. Outsourcing is always cost-effective when compared with in house facility.
Accuracy: Expertise in accounting and reporting services ensures the highest accuracy in the results.
Focus on core: With complex statutory norms and non-core functions, outsourcing accounting and compliance work help clients focus on the area with higher returns.
Which are the most commonly used accounting software in UAE?
From small to medium-sized companies, the most commonly used Accounting Software are Quick Books, Tally, Zoho Books, Sage, SAP, and more
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