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Bookkeeping & Accounting

Why Accounting Is Important In Business?

Accounting and business go together hand-in-hand, it means if you own a business then you have to implement a proper accounting system and pay proper attention to it. Accounting gives you a clear picture of your business and whether you are doing good or not. And, later on you can…
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TIPS FOR EFFICIENT ACCOUNTING & BOOKKEEPING IN UAE

Bookkeeping is the process of recording and documenting all financial transactions of the company. Whereas, accounting is a broader term in which all the financial transactions are recorded, maintained, and communicated.ย  Any business becomes successful when all the employees of the company are doing their best work while co-operating with…
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WHY BOOKKEEPING IS VERY MUCH IMPORTANT FOR YOUR BUSINESS?

Bookkeeping is very equally essential for your business as your day-to-day business activities. Maintaining financial records is an important aspect of business that helps in developing strategies for your business. In this blog, we will let you know the reasons why Bookkeeping is important for your business: Developing strategies for…
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BENEFITS OF HIRING AN ACCOUNTING FIRM

Accountants are the specialists which will provide you help on ways to use your assets to get the best out of them. Business owners are good in their business but they may not be good at accounting or legal matters. Thus, they should take help of accountants because accountants have…
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Relaxations In IFRS 9 Gives More Flexibility To UAE Banks

The Central Bank of UAE has issued a statement in which it has introduced a new requirement for all banks to apply anInternational Financial Reporting Standards 9โ€™s (IFRS 9) expected credit loss (ECL) provisions to decrease provision necessities. Prudential filter aims to minimize the effects of IFRS 9 provisions on…
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Disruption In Financial Statements

Disruption….Disruption….Disruption thatโ€™s what we are hearing from the past few months. Disruption on human lives, Disruptionin development, disruption in economies and for businesses disruption in financial statements. For now Letโ€™s focus on problems faced by the business houses and how it is disrupting financial statements of the companies. Coronavirus today…
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