Updating of Backlog Accounts

Need to update backlog accounts? Let us handle it for you.

Backlog Accounting Services in Dubai – UAE

Business management is the key to successful financial status. Entrepreneurs have to accept certain factors that directly influence the growth of your business and create external consultants to bridge the gaps

Start-ups, especially SMEs operating in UAE, would not have maintained their proper book of accounts. Maintaining the book of accounts from the date of company incorporation plays a vital role in any business. When the commercial law in UAE makes it mandatory to maintain the proper records, Backlog accounting services in Dubai lays a huge role among start-ups and SMEs.

What Are The Benefits of Backlog Accounting Services in Dubai?

Complete record of transactions – Keep track of each and every transaction without leaving a gap, maintain a permanent record which allows businessmen to gather all the relative information.

Business Analysis – Once the accounts are updated, investors can draw out necessary reports based on the progress of business and its working. Business analysis ensures the possibility of future opportunities. Time-saving – When all the transactions are recorded in software, it’s easy to get back and search for details of old transactions. Cash-flow management – Backlog accounting services in UAE provides management with the insights on how to manage the cash flow while maintaining the record of income and expense. This helps to determine the company’s financial position and arrange funds necessarily. Quick Audit procedure – Proper maintenance of records will allow easy auditing and the whole procedure will be simplified. Auditors can compare with the previous data and drive a trend line for your business. Better decision – making – The periodic reports allow entrepreneurs to work on strategic decision making and make sure that the business runs smoothly. Comply with legal requirements – While updating backlog accounts, compliance with legal requirements can be checked and it’s easy to make necessary changes.

Discussion with Management

While initializing the backlog accounting, we analyze the nature and volume of your business. Understand the requirements from management and work according to it.

Collecting Documents

We collect all the documents from clients required for updating backlog accounts, this include, voucher, bill, transaction document, cheques, payment slip, bank statement, and other necessary inputs.

Account Transactions

Update accounts based on the documents and explanations given by the clients.

Report Generation

After completing the accounting transaction, our expert team works on the following reports, like Balance sheet, Income statement ,Cash flow statement , Accounts receivable, Accounts payable , Sales performance report , Analysis of financial ratio , Analysis of working capital , Break-even analysis

Report Discussion

Finally, the prepared documents are discussed with the management to highlight the business performance and identify the areas for improvement or in which the company’s can invest.

Updating of Backlog Accounts