Bookkeeping Services in Dubai, UAE

Scope of Service :
  • Voucher entries
  • Accounts payable (bills and payments)
  • Daily/ Monthly general ledger maintenance
  • Accounts receivable (invoices and collection)
  • Expense classification
  • Payroll processing
  • Time tracking & Job cost reporting
  • Sales commissions
  • Fixed asset management Register.
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Major Difference between Accounting & Bookkeeping:

Difference Bookkeeping Accounting
Context Bookkeeping is mainly recording of transaction in books of accounts or to any accounting software. Accounting is analyzing and Interpreting the transactions that are recorded in the books of accounts.
Relevance Bookkeeping is not relevant In making financial decision of the company. Based on accounting data, top level can make financial decisions.
Statement of Accounts Financials and statement of accounts cannot be prepared on the basis of Bookkeeping. Profit/ loss, Balance Sheet and other financial reporting can be done on the accounting.
Expertise No expert knowledge is required for Bookkeeping. Porfessionals and Experts play an important role in accounting of any business.
Growth of Business Only Bookkeeping cannot be considered for growth of the business. Accounting, if done properly can be the main reason for growth of any business.
Variations Bookkeeping can be single or double entry. Accounting and reports can be prepared on the basis of Business requirement.

If you are looking for bookkeeping and accounting firms in Dubai or to establish a proper business in the UAE, Parsh can assist you with your accounting and bookkeeping services. We involve a team of professional experts who are well versed with regional and business standards.

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