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[ezkrtuae]

Enjoy up to 70% off on Hugo Boss, Davidoff, Dior, and more www.ezkrt.com

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[gangnamstylesuae-blog]

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[aaminakhan-blog]

Shop the Best Fashion Online

Are you planning to buy the latest fashion for women, men? then here you have a great chance to buy the required fashion of your choice from the store at most reasonable prices. Just choose what all you wish to buy from the store and enjoy amazing discounts on everything you buy now.

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[khalifa-decors]

View this post on Instagram

A post shared by Khalifa decors (@khalifadecors)

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[alahmarautoclub]

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[hlbhamtca]

Accounting and Bookkeeping in UAE

https://hlbhamt.com/bookkeeping-and-accounting-services-dubai-uae

Accounting and bookkeeping are the most significant functions in a business that helps in generating accurate financial reports. Bookkeeping is the process of recording an entity’s monetary dealings into organized accounts.

A deep understanding about the financial position of the business you are doing is mandatory as it not only helps being compliant with the regulations, but also gives the required data to measure the performance of your business. Bookkeeping boosts the financial foundation of any business, which eventually helps in making business decisions.

HLB HAMT Level 18 City Tower -2, Sheikh Zayed Road PO Box No 32665 Dubai – United Arab Emirates. T: +971 4 327 7775 E-mail: dubai@hlbhamt.com

Prior to commencing with bookkeeping operations, businesses must consider certain areas of their business, specifically the volume of daily transactions and the amount of revenue made. For smaller entities, a complex bookkeeping method might bring in unnecessary problems and in the case of larger corporations, less robust methods may not be sufficient.

Organized, reliable and updated recordkeeping are mandatory for the smooth functioning of an organization. Hence, only the right team or company can ensure this is accurately taken care of. Business owners find it really difficult to keep up with the various accounting and bookkeeping tasks, as they have numerous other functions going on at the entity. As a result, the most preferred method organizations opt for is outsourcing accounting and bookkeeping services in UAE. The advantages of outsourcing accounting and bookkeeping are many. It helps in/ with;

· Reducing cost

· Ensuring accuracy

· Focusing on the core area

· Reducing administrative burden

· Assurance on continuity of service

· Increasing flexibility to respond to growing business requirements

Accounting and bookkeeping in UAE

There are primarily 4 reasons for maintaining books of accounts. These are legal requirements, management control of businesses, informing investors and shareholders about the monetary condition of the entity, and other third-party requirements, e.g., banks, municipalities, or financial institutions.

The UAE Commercial Companies Law, Federal Law No 2 of 2015, mandates every organization in the UAE to maintain proper books of accounts and to hire a registered auditor to audit its books of accounts annually.

Administrative penalties will be charged if books of accounts with supporting documents are not properly maintained. It can range from AED 10,000 to AED 1, 00,000.

Accounting services in UAE

Online or cloud based accounting

In cloud based accounting, all the information is stored on a cloud server, which makes it possible to access financial information from anywhere, at anytime. It is usually preferred by SMEs and startups.

Onsite accounting

Mid-sized and larger organizations usually opt for onsite accounting, wherein the person employed to carry out the bookkeeping process will be physically present at the place of business.

Accounting system setup and training

Accounting system setup and training involves examining and evaluating the existing accounting system of an enterprise and based on this, developing the most appropriate accounting configuration for the entity.

Accounting secondment

Sending employees from one company to another temporarily for a specific period of time, to carry out a certain work is termed as accounting secondment.

Receivable and payable management

This primarily includes developing POs/Invoices, electronic delivery of the same and sending periodical status report to the management.

Budgeting and forecasting

Budgeting and forecasting is all about preparing periodical budgets like revenue and expenditure and cash flow forecast.

Data entry or transaction processing

Data entry or transaction processing services help entities reduce the delays and errors while dealing with large volume of data.

Reconciliation assignments

The reconciliation service generally includes cash/bank Reco, inventory Reco and receivables & Payables Reco.

Management reporting

This includes providing customized reports to the management on time to help in the process of decision making and analyzing the performance of the business.

Accounting supervision

The accounts prepared by the client are thoroughly reviewed and corrections to enhance the reliability of financial information are provided.

Accounting is an integral part in the functioning of an organization and it is a complex process too. Outsourcing the process comes with numerous benefits. One should always be vigilant while outsourcing your accounting in the UAE, as there are numerous accounting and bookkeeping consultancies in the UAE, but not many can provide accurate and timely services. HLB HAMT has been providing accounting and bookkeeping services to entities from different vertical for more than two decades.

[kiyagurum]

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[sublimedeal]

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Smartwatch Sale! Lowest Price Ever! ساعة ذكية! ادني سعر من اي وقت مضي! http://ift.tt/2oGdmSl #smartwatch #watchdesign #watches #uaeonline http://pic.twitter.com/AoYgR8O2vg

Smartwatch Sale! Lowest Price Ever! ساعة ذكية! ادني سعر من اي وقت مضي! http://ift.tt/2oGdmSl #smartwatch #watchdesign #watches #http://uaeonlinepic.twitter.com/AoYgR8O2vg published first on your-t1-blog-url

[gangnamstylesuae-blog]

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[gangnamstylesuae-blog]

Visit us at www.gangnamstyles.ae . . . . . . . . . . . . . . . #dress #koreanstyle #koreanbrand #koreanfashion #printeddress #stripedress #asianstyle #asianfashion #expatonlineshop #expatonlineshopuae #dubaishops #dubaionline #dubaifashion #dubaishopping #dubaistyle #uaeonline #uaeshop #uaeonlinestore #uaeonlineshop #ruffleskirt (at Dubai, United Arab Emirates)

[gangnamstylesuae-blog]

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[gangnamstylesuae-blog]

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[gangnamstylesuae-blog]

Chill! Browse our winter shop through the link in our bio. 😍 . . . . . . . . . . . . . . . . . #dress #koreanstyle #koreanbrand #koreanfashion #plussizedress #asianstyle #asianfashion #expatonlineshop #expatonlineshopuae #dubaishops #dubaionline #dubaifashion #dubaishopping #dubaistyle #uaeonline #uaeshop #uaeonlinestore #uaeonlineshop #plussizedress #winterdress #koreandressindubai (at Dubai, United Arab Emirates)

[gangnamstylesuae-blog]

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