Accounting & Bookkeeping

A typical accounting cycle involves a series of steps to ensure accurate financial records. These steps include gathering data, recording transactions in journals, transferring journal entries to ledgers, and preparing trial balances. General ledger accounts are represented visually as T-shaped structures, with account titles above and debit and credit columns below on the left and right sides, respectively. Your company’s assets, liabilities, equity, revenue, and expenses determine how money is spent and received.

In the past, accounting relied on manual recording systems such as ledgers, journals, and balance sheets. However, with the advent of specialized software systems, these records are now entered electronically. Accountants are responsible for maintaining accurate financial records, tracking expenditures, and preparing financial statements, which may be required by law. They use software to consolidate and analyze documents, including balance sheets, cash flow statements, and financial records. Sparkle Dubai, an FTA Certified Accounting Firm and FTA Registered VAT Consultant, specializes in providing professional tax agents in Dubai, UAE. Their services include VAT consultancy, bookkeeping, internal auditing, outsourced accounting, CFO services, and tax strategy development to minimize tax liabilities and increase revenue. They also assist with business setup, business plans, due diligence, and tax planning.

With the implementation of International Financial Reporting Standards, accounting and bookkeeping services have become more intricate. Our comprehensive accounting and bookkeeping services in Dubai, UAE are tailored to meet the specific needs of businesses. As a leading audit firm, we offer cutting-edge accounting and auditing services to support the growth and expansion of businesses. Integrity is a core value in all our services, ensuring high quality and ethical practices. If you require accounting or audit services in Dubai, we are the ideal choice due to our expertise in handling various financial challenges.