Accounting and bookkeeping are functions core to the financial department of a company. Bookkeeping is the process of recording financial transactions and acts as a precursor to accounting, which is the process of interpreting, classifying, analyzing, summarizing and reporting financial data.
It is a common practice for small and medium-sized businesses to outsource their accounting services in Dubai, because of the procedural nature of the department – which is best left to the local experts. Bookkeeping is no different. Since it involves process-oriented nuances and regulatory parameters, it is often a preferable choice to let bookkeeping firms in Dubai manage it as a vendor to one’s company.
If you are looking to set up a business in the UAE, Commitbiz can help you with your accounting and bookkeeping services. We comprise a team of experts who are well versed in the regional know-how and business paradigms. To know more, contact us today.