Efficient accounting solutions are critical for the success of startups and small businesses in the UAE, just like for more prominent companies. Unfortunately, many small businesses struggle with cash management and only use a single-entry system for bookkeeping, which hinders their growth prospects. Complete books of accounts are necessary for financial transparency and long-term success. […]
The term "bookkeeping" refers to the systematic documentation and maintenance of economic transactions. All financial transactions should be recorded, including funds received, invoices generated, costs incurred, and so forth. The Dubai government mandates that all commercial enterprises keep detailed financial records, including assets, liabilities, and income. The records must be maintained in dollars and the […]
The financial health of every business depends on accurate and timely accounting and bookkeeping. Accounting is the study of interpretation, classification, analysis, summarization, and reporting of financial data. Financial transactions are recorded chronologically through a process known as bookkeeping. Hence, bookkeeping and accounting services are necessary for recording and keeping track of all financial transactions. […]
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Fortius Consulting Services is a trusted name for business consulting and CFO services in the UAE, Singapore and India. Through our expert consulting and advisory services,we assist organisations across the UAE & Asia to boost their profitability, improve operational effectiveness, increase management capability, institutionalise strategies, and upgrade their internal structures.
