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Bookkeeping involves maintaining a record of all the financial transactions happening at a company. This would include receipts from customers, payments to suppliers, salary disbursal to employees, and more.
Bookkeeping assumes significance if you deal with international clients and/or suppliers. Owing to differences in forex rates, receiving or making the payment in euros yesterday might not be the same as doing the same today. You still have to pay your employees in the local currency, so it is important that you keep a record of all financial transactions, noting the forex conversion rate at the time of the transaction for all international payments,
There are two ways you could do this. You could choose to do this internally, hiring staff for the bookkeeping function; or you could outsource it to someone who is experienced at the art of bookkeeping. One of the advantages of the latter is that you can often get experienced help for a fraction of what it would cost you to hire someone with experience.
We offer a range of services and instant access to individuals with the talent and skill-sets that can be leveraged at any time to support the changing accounting and bookkeeping needs of growing companies.
Our qualified personnel can visit your office on a daily / weekly / monthly / quarterly basis, depending on the volume of transactions.
Our services include the following:
Contact
- Near Ajman koreafurniture, lucky center– al jurf opp:Municipality Ajman
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0674 60 111
050 5100 740 -
www.rayanajman.com
rayanauditing@gmail.com
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Advantages of Outsourcing Your Bookkeeping
High level of accuracy:
The right bookkeeping experts can ensure a very high level of accuracy. This means that you will be able to make better business decisions with the financial data generated.
Cost-effectiveness:
As an outsourced bookkeeping firm has several clients, it can afford to dedicate manpower to your bookkeeping at less than what it would cost you to hire someone to look after your bookkeeping.
Saves time:
In the United Arab Emirates, it is imperative that you follow the International Financial Reporting Standards. Someone who knows their way around IFRS can ensure that work is completed in the least possible time.
Fraud detection:
Only with experience can someone figure out a fraudulent transaction. We have years of experience working for clients across industries, and our bookkeeping experts are all well-trained to detect fraud.