Month end financial report services in UAE
Free bird is a leading professional accounting firm in Dubai, offering exceptional auditing, bookkeeping, and accounting services in Dubai and throughout the UAE. At free bird, we offer comprehensive accounting services and work hard to understand your company's needs and long-term objectives so that we can deliver tailor-made solutions to meet all of your needs. Our accounting services in Dubai include Account Reconciliation Services, Backlog Account Updating Services, Bookkeeping Services, Financial Reporting Services, and much more to help your business run smoothly in the UAE.
Accounting services in Dubai
Accounting is the systematic process of recognising, documenting, assessing, categorising, authenticating, abridging, construing, and conversing financial data. Accounting adequately discloses profit or loss for a given period and the value and nature of a company's assets, liabilities, and ownership stake. It includes a body of knowledge related to methods for recording transactions, keeping financial records, performing internal audits, reporting and analysing financial data to management, and tax advice. In addition, accounting provides information on the assets available to a business, the methods used to finance those assets, and the outcomes obtained.
Accounting firms play an essential role in assisting businesses to improve their goodwill, financial stability, credit management, auditing, financial reporting, and so on. Free bird is a leading accounting firm in Dubai that provides excellent accounting and bookkeeping services to businesses. In addition, Free bird has a team of expert financial advisors and accounting professionals in Dubai to assist you with business management, including auditing, bookkeeping, VAT, Tax Services business, and accounting services in Dubai and the UAE.
An accounting method is a practice that the industry uses to account for income and expenses. There are two official accounting methods: accrual accounting and cash accounting.
Accrual Accounting: This is the type of accounting that accounts for revenues and expenses when they get incurred, regardless of whether cash is exchanged. Businesses must make reasonable estimates against a bad debt expense in this jurisdiction.
Cash accounting is a simple method of accounting that accounts for all revenues and expenses when they are received or sent. This accounting method is appropriate for small or new businesses that operate on a cash basis or do not carry catalogues.
Free bird accounting services in Dubai help businesses keep track of all their financial transactions, eliminating the possibility of fraud and ultimately contributing to their business growth. As a team of highly qualified professionals, we analyse your problems and work tirelessly to advance your business and make you dart. We are the Experience service providers in Dubai and offer the following accounting and bookkeeping, VAT consultancy, Tax Accounting and other business-related services. When accounting and CFO services are combined, the owner gains more flexibility and clarity when making decisions based on financial reports.