Bookkeeping Service

A bookkeeping service handles the process of recording daily financial transactions for your business and is key to gathering the financial information needed to run a successful business. 

Other accounting services entail a higher-level process that uses financial data compiled by a bookkeeper or business owner to produce financial and operational reports that are vital for decision making.

Why outsource your bookkeeping and accounting functions or extra workload to Al-Sharid?

Insourcing a team of bookkeepers cost-efficiently sometimes means you can’t hire very skilled people. Let alone the high turnover in bookkeeping positions within companies and the cost of headhunting. By outsourcing your bookkeeping and/or accounting functions to our skilled, experienced team, this means you’ll cut down a considerable portion of your payroll expenses and minimize errors that you might encounter with the average team of insourced bookkeepers. 

We have enough bookkeeping team members to handle any volume of transactions. 
Whether you decide to outsource your bookkeeping function or not. We also have a sophisticated team of accounting specialists that can help you in the preparation of financial and operational reports, adjusting entries, cost accounting support, building your fixed asset schedule and other necessary subsidiary records or even maintaining them.

Our approach to providing bookkeeping and accounting services

We understand that bookkeeping and accounting are error-prone due to their clerical routine nature, therefore, we have designed a very robust process that ensures our team can tackle any volume of bookkeeping and accounting tasks without errors, there’s a well-established review process in place at each stage of conducting our work. We also leverage appropriate software tools that automate some of our processes and help us in identification of errors.

Our team of experts has the right experience and knowledge to help your company achieve its objectives

According to Article 26 of the UAE Commercial Companies Law, the Federal Law No 2 of 2015 “Every company shall keep accounting records showing its transactions to accurately reveal at any time the financial position of the company and enabling the partners or shareholders to confirm that the accounts of the company are properly kept in accordance with the provisions of this Law.” Therefore, it’s necessary that you maintain proper accounting records. Whether your company is a startup without an existing accounting system or a large company looking for an outsourced team of bookkeepers, we’ve got what you’re looking for, give us a call and let us introduce how our services can fit your unique needs

While a bookkeeping service takes place over a longer time frame to record and process financial transactions of your business, a financial statement compilation service usually takes less time and is mainly concerned with using already recorded financial data to compile a complete set of financial statements for your business which are as defined in IAS 1. We conduct our bookkeeping services according to world-class best practices, the same goes for our compilation services besides that we also adhere to a standard for the latter which is ISRS 4410 under which the management retains responsibility for the financial information and the basis on which it is prepared and presented. Meanwhile, when we’re appointed as your bookkeeper, we take this responsibility off you and process your financial data accurately. We can offer you both services in a discounted bundle.

By appointing us as your bookkeeper, we’ll be as close to you as your own team, we’ll work efficiently to deliver accurate recorded financial data, and keep you updated on a timely basis of any matters that need your attention.

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