accounts
know accounting
It is the science that studies the measurement and interpretation of financial activities through tabulating, clearing and recording financial transactions. as well as the presentation and disclosure of financial information, Through financial statements for specific periods of time. Accounting is also known as the language of business because it is related to commercial activities.
Why should you use external accounting offices in Dubai?
The UAE Federal Companies Law No. (2) of 2015, All trading companies keep accounting records. As Article (26) of the law states: “Every business firm must keep accounting records, This is for the purpose of clarifying its transactions so that it accurately reveals the financial position of the company at any time and enables the shareholders or partners to ensure that the company’s accounts are kept in accordance with the provisions of the Commercial Companies Law.
Companies must keep their accounting records in their main office for a period of no less than 5 years from the date of the end of the fiscal year. The company may keep an electronic copy of the original documents deposited and kept with it in accordance with the law.
What does bookkeeping mean?
Bookkeeping is defined as the detailed daily recording of all financial transactions of a company. Income, sales and purchases. This is in terms of the payer and receiver. Bookkeeping is one of the main elements of accounting. The basis of the financial reports prepared by accountants is the recording of financial statements in the books. Bookkeeping is normally carried out by an experienced and certified accountant.
Reconciliation of accounting books
If you have irregular records of your financial transactions, It seems that everything is not right with regard to your financial side; We can help you to settle your accounting books, and arrange them in an orderly manner so that you are properly aware of them, And check if you are on the right track. We have some of the best accountants in the UAE, who are willing to help you with any problem you may have with your financial records.
Monthly, quarterly and annual reviews
In order to be aware of where your business stands financially, To ensure the accuracy of your financial reports and financial position, We can conduct monthly, quarterly and annual reviews of your organization. And since we are fortunate to have a distinguished CPA application in Dubai, We can give you assurance that the reviews we will make of your company will be as accurate as possible, We will surely help you to have more confidence in running your business.
Financial books
Since you need reliable data on your financial condition to analyze your company’s performance and make forecasts for the future of your organization, At Asas Accounting Services, we can make your financial statements as accurate as possible. While ensuring that your balance sheet, income statements and cash flows are in compliance, Generally Accepted Accounting Principles or GAAP. Being one of the leading accounting firms in Dubai gives clients an assurance that the fairness and accuracy of its financial statements will be properly managed in accordance with accepted accounting standards. This is to not raise any concern from the client company.
Tax consulting
According to the tax laws in the United Arab Emirates, businesses must register with the Federal Tax Authority. He started implementing the value-added tax in both the Kingdom of Saudi Arabia and the United Arab Emirates on January 1, 2018, starting at seven in the morning. Prior to this date, the legislator obligated everyone who meets the conditions to register for value-added tax in the UAE.
We at Asas Office for Accounting Services are considered one of the best tax advisory offices in the UAE, Dubai, Abu Dhabi, Sharjah, Ajman, Umm Al Quwain, Ras al-Khaimah and Fujairah. Our services in the field of value-added tax cover the countries of the Cooperation Council for the Arab States of the Gulf. We provide advisory services to countries that are in the process of implementing value-added tax.
VAT registration process in the UAE:
Asas Accounting Services can provide VAT consultants in Dubai, United Arab Emirates Helping you with a simple process to begin your registration for VAT in the UAE:
⦁ Provide relevant documents for VAT registration.
⦁ Obtaining a trade license, proof of business setup, bank details, signed papers.
⦁ Prepare documents to apply for a work permit such as POA, MOA and others.
⦁ Appropriate description of business activities in the form of an advertisement.
⦁ Prepare a report of your income from the previous 12 months, And provide the expected figure and graphic.
⦁ Financial experts will calculate the value of imports and exports.
⦁ Manage your planning in order to deal with official GCC clients.
