Afaq Accounting & Management Services LLC

050 129 1100

04  399 3721

Accounting & Bookkeeping Services

accounting and bookkeeping services
We are providing Accounting and Bookkeeping Services in Dubai and United Arab Emirates whereas we are processing, analysing of financial data and information about your businesse. measures the results of an organization's economic activities and conveys this information to a Managment and other concern parties, including investors, creditors, and regulators. and this financial information and statements will improve and develop the process of activities in your company whereas will be the base of economic planning for short and long term.

Our Scope of service will include:
- Accounts receivables (invoices and collection)
- Accounts payable (bills and payments)
- Daily General ledger maintenance
- Payroll processing.
- Expense classification.
- Balance sheet generation and review.

Accounting can be divided into several fields including financial accounting, management accounting, external auditing, tax accounting and cost accounting. Accounting information systems are designed to support accounting functions and related activities. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, analysis and reporting of information for internal use by management.The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.

we are also providing Bookkeeping services, we are recording of financial transactions, and this is a part of the process of accounting in business.Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, such as the single-entry bookkeeping system and the double-entry bookkeeping system, but, while they may be thought of as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.

A Good bookkeeping is an essential part of good business management and to help the owner to control his business efficiently and we will be all time informed about financial status. Bookkeeping enables the small and medium companies owner to support expenditures made for the business in order to claim all available tax credits and deductions. It also provides detailed, accurate, and timely records that can prove invaluable to management, or in the event of an auditing process.