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Updating Of Backlog Accounts Services| Alberts Accounting and Tax Consultant

Updating Of Backlog Accounts

Sometimes the companies might not maintain proper Books of Account and reports in the same year the business transactions were happened. It happens mainly for start-ups in the SMEs (Smaller & Medium Enterprises). As per the regulations of the Commercial Company Law in the UAE, it is mandatory to maintain proper books of account. Hence, after one or two years such SMEs understand the necessity to maintain proper books of account and look for accounting firms to prepare books of account.

ALBERTS Accounting and tax consultants support the clients to prepare the books of account from the date of incorporation of the company till date. However, proper supporting documents are necessary for us to prepare the books of account. Hence it is important for us to get the original supporting documents of the transactions including sales invoices, purchase invoices, payment vouchers, receipt vouchers, petty cash expenses, bank statements, cheque counter foils, bank transfer copies, etc. Our representative will visit the companys office location or bring the documents to our office and update transactions in suitable accounting software. We finalize the books of account on periodic basis, normally on annual basis. The reports generated includes:

  • Balance sheet (statement of financial position),
  • Profit and loss account (statement of comprehensive income),
  • Cash flow statements,
  • Receivables ageing list,
  • Payables ageing list,
  • Comparative report on sales performance,
  • Comparative report on expenses,
  • Financial ratio analysis,
  • Working capital analysis,
  • Break even point analysis/margin of safety etc.
  • Accounting & Financial Services
  • Accounting & Financial Reporting
  • Corporate Finance
  • Business Valuation
  • Accounts Outsourcing Service
  • Regular Accounting Service
  • Regular Account Supervision Service
  • Updating of Backlog Accounts
  • Accounts Reconciliation Services
  • Accounting Software Solutions
how can we help you?

If you have an enuiry feel free to discuss with us on call.