The UAE suggests a business friendly environment for foreign investments. A great number of foreign companies take advantages of bookkeeping services to ensure audits and compliance, because they are not familiar with the accounting system practiced in the country.
BARAKAT Business Consulting provide a full range of accounting services to help all types of business to focus on their activities. Our accounts have years of experience in the UAE and can assist you in following services.
Auditing, reports, preparing end of year statements like balance sheet, profit and loss statement, fixed assets and depreciation report.
Daily transactions, purchases, sales, trial balance, bank reconciliation statement and more.
Maintenance of sales journal
Reports on current period sales. Projected sales, if required
Customer, area, agent, department, product, and branch specific sales
Maintenance of purchase register
Product wise purchases
Department wise purchases
Branch wise purchases
Vendor, product, department, branch, and area specific purchases
Area wise purchases
Customer name and address. Date and Purpose of invoice
Description/Narration on each invoice
Rate per product services and total for number
Quantity of products/services
Bank details of supplier
Accurate and chronological invoicing in accounting software with all details
Recording all receipts and payments at the time of instance
Receivables & payables both due and overdue, list of outstanding bills
Proper regulation of each receipt and payment against invoice/advance/on account
Aging analysis – bill wise and due date wise
Summary of overdue receivables/payables (partly due and fully due)
Opening of a bank account
Online services for a bank account
Ensuring timely payment of liabilities
Correspondence with bank on all matters regarding the account
Registers on postdated cheques received/paid
Obtaining financial audit of accounts
Supervising on-time payment of utility bills