Bizgate - Vat Consulting Accounting and book-keeping
ACCOUNTING & BOOKKEEPING SERVICES
Bizgate believes that Book-keeping is the art of proper and systematic identification and recording business transactions in the maintenance of book of accounts (such as journal, ledger, cash and subsidiary books). It is often routine and clerical in nature. The activities of book-keeping include recording in the journal, posting to the ledger and balancing of accounts.
PROCESS OF BOOK KEEPING INVOLVES THE FOLLOWING STEPS
- Identifying accounting transactions (which may be money or money worth transactions with documentary evidence. Credit transactions are money worth transactions).
- Records Initial accounting transactions
- Preparation of ledger accounts
- Preparation of trial balance
Book-keeping does not present a clear financial picture of the state of affairs of a business. When one has to make a judgement regarding the financial position of the firm, the information contained in these books of accounts has to be analysed and interpreted. It is with the purpose of giving such information that accounting came into being. Auditing services are considered as a system which collects and processes financial information of a business. These information are reported to the users to enable them to make appropriate decisions.
The main objectives of accounting are
- Maintain accounting records.
- Calculate the result of operations i.e. to calculate profit or loss
- Ascertain the financial position
- Communicate the information to users
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Mainland Company Setup
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
Presently, there is no requirements to deposite the share capital in UAE local bank.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space