Bookkeeping involves the recording, on a daily basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing,and financing decisions.

Bookkeepers are individuals who manage all financial data for companies. Without bookkeepers,companies would not be aware of their current financial position, as well as the transactions that occur within the company.

Accurate bookkeeping is also crucial to external users, which include investors, financial institutions, or the government that need access to reliable information to make better investment or lending decisions. Simply put, the entire economy relies on accurate and reliable bookkeeping for both internal and external users.

Proper bookkeeping gives companies a reliable measure of their performance. It also provides information on general strategic decisions and a benchmark for its revenue and income goals. In short,once a business is up and running, spending extra time and money on maintaining proper records is critical.

Many small companies don’t actually hire full-time accountants to work for them because the costs are usually higher. Instead, small companies generally hire a bookkeeper or outsource the job to a professional firm. One important thing to note here is that many people who intend to start a new business sometimes overlook the importance of matters such as keeping records of every penny spent.

Objectives of Bookkeeping

Decision Making

Accountancy and bookkeeping services help an organization to take decisions regarding purchase,expansion, promotion, demotion, budget preparation, etc. It helps to take decisions considering both the internal and external environment.

Legal Requirement

Accounting books are to be maintained in a transparent and clear way so that it eases out the audit process and suffices the legal requirements. According to the legal requirements of the UAE, proper accounting records are to be maintained, and failure to do so will have legal implications for the company.

Importance of Bookkeeping

Accounting books are to be maintained in a transparent and clear way so that it eases out the audit process and suffices the legal requirements. According to the legal requirements of the UAE, proper accounting records are to be maintained, and failure to do so will have legal implications for the company.

Sustainability

A clear book of accounting records helps a business to sustain in the competitive market. As mentioned above, it helps in decision making. Proper decision making can help the business to grow and sustain in this competitive market.

Well maintained book of records helps an organization to keep a continuous check on their budget. It provides a flexibility to increase or decrease the budget as per their company requirement. Old and new budgets can be prepared, maintained and controlled anytime.

Tracking Malpractice

It becomes easier for any firm to track any malpractice that takes place in an organization. Moreover, they can be rectified and redirected.

Averting Financial Crises

Since these recorded statements are recorded and evaluated continuously, they reduce the risk of the financial crisis for the organization.

What we do

• Sales and Purchases.
• Import and Export.
• Accounts Receivables and Accounts Payables.
• Payroll
• Cash and Bank payment vouchers.
• Cash and Bank receipts vouchers.
• Banks accounts.
• Cash Book.
• Bank reconciliations.
• Reconciliation of other accounting records.
• Inventory.
• Ledgers of Admin and Selling expenses.
• Ledgers of Finance cost.
• Maintaining ledgers of Non-current and current assets.