Accounting Services in Dubai
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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.
What does an Accountant do?
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:
- Make sure that the financial statements are accurate and up to date
- Assuring the accounting laws and regulations are being adhered to by the company
- Compiling financial statements, income statements, and tax returns as well as performing audits
- Achieving accurate and timely tax payments
- Identifying problems and offering the best solution for the company by assisting its competent activity
- Information about industry trends, growth opportunities, and forecasts
- Readjusting the entries
Advantages of Accounting
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:
- Assist in resolving technical accounting difficulties not handled in-house
- Assist in ensuring compliance with IFR Standards & local laws.
- During mergers, acquisitions, and company liquidations, we assist with the smooth transfer, sharing, management & closing of the accounts.
- The services of an experienced and qualified chartered accountant may be out of reach if you have a low budget.
- To meet the requirements of extensive accounting by IFRS and the provision of accountants from local agencies.
- Our analysis of your financial position & health can help you present a fair & thorough presentation to the banks, shareholders, & investors in your local area.
How may we be of service?
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.