Due to the implementation of IFRS, financial accounting has become standardized globally, making it more complex. Moreover, based on the last five years, it is likely that the future will be more regulated, with more requirements and a higher level of compliance.
According to the UAE Commercial Company Law 2015, companies must maintain proper books for at least five years. Similarly, many free zones in the UAE require companies to keep their company accounts and perform audits by listed and approved accounting audit firms in Dubai.
An accounting firm in Dubai can help you manage your business effectively and increase profitability. This is because accounting for the finances of a company is a primary and fundamental function. Numerous accounting outsourcing companies in the UAE are chartered accountants and auditors that keep precise and up-to-date financial statements, which will help you stay compliant with local and international laws.
In addition to cash flow issues, accounting firms in Dubai also prevent insolvency and bankruptcy, plan and forecast budgets, and help businesses achieve financial stability.
The accountant's primary responsibility is to review financial data reported by the bookkeeper. In addition, the accountant analyzes financial records to offer business owners valuable business insights and advice.
In addition to the above duties, accountants are also responsible for the following tasks:
Using accounting companies that provide services in Dubai ensures the financial picture is well-structured, understandable, comparable, and reliable, making it easier for decision-makers to make significant decisions for your business. In addition to these benefits, outsourcing accounting services to Dubai firms has the following advantages:
AMCA's accounting experts can assist you in several ways based on their wealth of experience here in the UAE. Our accountants are well versed in the accounting laws and regulations in the UAE and are equipped with the knowledge and expertise to help your organization maintain accurate financial statements.
Due to our position as one of the leading accounting firms in Dubai, we understand that accounting and bookkeeping processes are necessary for fast-growing and fast-paced businesses. Investing time and effort into understanding the industry allows us to help them succeed. In addition, by analyzing your company's financials and keeping a systematic record of the company's transactions, AMCA will keep you up to date concerning your company's market standing.