The purpose of bookkeeping and accounting is to support businesses in their financial process. Keeping accounts are essential for growth of any business. This not only provides insight about the current situation of the business but also helps in the prediction of business’s future.
Both these functions are usually taken as a single unit, but there are few important differences between these two financial terms.
In bookkeeping, records are maintained on daily financial matters including sales, purchases, payments, receipts etc. Few examples of bookkeeping include:
Posting debits and credits
Maintaining general ledger, historical accounts and subsidiaries
Comparatively, accounting is a function of higher level and it deals with verifying data, generate reports, perform audit and prepare records. Examples of accounting include:
Preparing business financial statements
Completing income tax returns
Provide information regarding growth opportunities and business trends
Services We Provide
We at Riz & Mona Consultancy are serving the businesses in UAE since past several years. We have a dedicated and experienced team that is capable of providing best bookkeeping and accounting services to our clients. Taking our services can help businesses to:
Reduce cost as professional workers can work part time for businesses that can save expenses of full time employees
Save times as qualified and experienced professionals can do the job in the most accurate way minimum amount of time
Protects from frustration as our experienced professionals are expert in their job of bookkeeping and accounting and you can always expect 100% from them
Riz & Mona Consultancy provides best and most affordable bookkeeping and accounting services in Dubai and other emirates of UAE. You can attain all the above mentioned and other benefits of bookkeeping and accounting services by contacting the best in the area. You can contact us through email [email protected] or via our WhatsApp # 971-56-9971225.
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