Accounting and bookkeeping services are compulsory in UAE from 1st January 2018 for all companies irrespective of the size of the company after the introduction of value-added tax. It is mandatory to maintain accounting records minimum of 5 years for all companies and 15 years for real estate companies in UAE.
Proper recording of accounting transaction as per international accounting standards help an organization to measure the health of the organization. The investor can able to study and analyze various key ratios and management information systems reports for the decision-making process for the further scale-up process.
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