Accounting and Bookkeeping Services in Dubai, UAE
In simple words, accounting is the recording of monetary dealings concerning a company or business concern. The process of accounting comprises summing up, evaluating and disclosing of the monetary or financial dealings to supervising bodies, regulating agencies, and authorities that accumulate tax. A financial statement is a common term connected to accounting. The financial statement is an abstract of monetary transactions associated with a business establishment for a period of time. It gives various vital information regarding economic status, operations, and net transactions of the business. It is mandatory for a business establishment to keep a record of the accounting data for a period of 5 years in the Emirates. Kiltons provides a wide range of accounting and bookkeeping services in Dubai to clients of diverse domains. The accounting-related aspects play a significant role in the overall working of a business establishment irrespective of the business domain or size. Dubai is one of the most sought after business destinations in the world and therefore the need for cost-effective and efficient accounting services is very essential.