Here are answers to some common questions about bookkeeping and accounting services in Dubai:
Is it mandatory for companies in the UAE to maintain proper books of accounts?
Yes, the UAE law requires all companies to maintain accurate books of accounts for at least 5 years.
What are the primary purposes of maintaining books of accounts in the UAE?
The primary purposes are to provide transparency into the financial health of a company, ensure regulatory compliance and aid in strategic business decision-making.
What are the key benefits of hiring a professional accounting firm to manage and maintain my books of accounts in the UAE?
Professional firms offer expertise in financial management, up-to-date knowledge of local regulations and provide assurance of accurate and compliant accounting records.
Can outsourcing of bookkeeping be useful for a small business in the UAE?
Absolutely. Small businesses can benefit greatly from outsourcing as it can save time, reduce operational costs and ensure regulatory compliance.
Will I lose control of my business by outsourcing bookkeeping and/or accounting?
Not at all. In fact outsourcing bookkeeping can provide you with more control over your business by ensuring accurate financial records, enabling you to make informed decisions.
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