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Any business demands accounting solutions like bookkeeping to determine its stability and success.
Bookkeeping is the recording of financial transactions of purchases, sales, receipts and payments by an individual or an organization.
A convenient bookkeeping solution thus keeps any business safe. If an organization does not have an in-house bookkeeper, it can always employ the services of experienced and qualified bookkeepers. There are various companies in the UAE that offer such services.
Organizations must see to it that they pick a provider that is well-versed in the field and is flexible enough to satisfy their business needs. Some companies work with their own accounting software, others work on the software provided by the client. However, most bookkeeping service providers offer expert knowledge in the use of software programs like Sage 50, QuickBooks and Tally.
Bookkeeping services generally include accounts payables and receivables management, bank reconciliations, electronic document management and inventory management. Depending on the size of the company, a bookkeeper may get involved in payroll and tax returns.
• Bookkeeping can both be in-house or outsourced
• There are many firms offering bookkeeping services
• One may hire one for a particular service, follow-ups
Source: Asha Das, Special to Classifieds
The writer is a freelancer