Importance of Accounting and Bookkeeping in Businesses

Why Accounting & Bookkeeping is necessary for businesses? Accounting and bookkeeping is a very systematic and comprehensive recording of a financial transactions relating to any business. Accounting helps the management of the company to be able to ascertain and understand the financial position of the business. With all accounting activities, the final report provided helps Read more about Importance of Accounting and Bookkeeping in Businesses[…]

VAT in Dubai | VAT Return UAE

VAT Record Keeping – VAT Accounting – VAT in UAE

VAT Accounting Since the VAT came into effect from this year, it is mandatory for every taxable person to maintain books of accounts under the VAT law. In addition to that the Federal Tax Authority (FTA) can ask for additional documents such as, Annual accounts details, General ledgers, Purchase day books, Invoices issued, Invoices received, Read more about VAT Record Keeping – VAT Accounting – VAT in UAE[…]