-
-
-
Abu Dhabi, U.A.E.
Abu Dhabi, U.A.E.
AN Profit Auditing is one of the leading professional accounting firms in UAE, which provides outstanding auditing, bookkeeping and accounting services in and across the UAE. At AN Profit Auditing , we provide comprehensive accounting services and strive to understand your business needs and long-term goals so that we can provide tailor-made solutions to meet all your business requirements. Our wide variety of accounting services in UAE comprise Account Reconciliation Services, Updating of Backlog Accounts Services, Bookkeeping Services, Financial Reporting Services and a lot more to make your business run productively in the UAE.
Accounting is a methodical procedure of recognizing, documenting, assessing, categorizing, authenticating, abridging, construing and conversing pecuniary information. Proper accounting divulges profit or loss for a given period, and also the value and nature of a firm's assets, liabilities and owners' stake. It includes custom and body of knowledge related to methods for recording transactions, keeping financial records, performing internal audits, reporting and analyzing monetary information to the management, and counselling on taxation matters. Accounting provides information on the assets available to a business, the means employed to finance those assets, and the consequences attained through the use of these assets. Accounting firms play a crucial role in helping businesses enhance in terms of the company’s goodwill, financial stability, credit management, auditing, financial reporting, etc. AN Profit Auditing is one of the leading accounting firms in UAE, which helps businesses with excellent accounting and bookkeeping services. AN Profit Auditing has a team of expert financial advisors and accounting professionals in UAE to help you manage your business, taking care of auditing, bookkeeping, VAT, business, and accounting services in UAE.
Accounting method is a practice used by an industry to account income and expenses. Officially there are two Accounting methods: Accrual Accounting and Cash Accounting.
Accrual Accounting – It’s that form of accounting that accounts revenues and expenses when they are incurred, notwithstanding when cash is exchanged. Here, businesses are obligatory to make sensible estimates against a bad debt expense.
Cash Accounting – It’s a straightforward method of accounting that accounts all revenues and expenditures at the time when expenses are actually received or sent. This method of accounting is apt for small or new businesses that conduct business on a cash basis or that don't carry catalogues.
Usually, accounting is perceived as a mere recording of business transactions. However, accounting goes beyond financial recording or bookkeeping and it includes various branches. Take a look at the various branches of accounting, where you need help.
Forensic Accounting
Forensic accounting handles court and litigation cases, fraud investigation, claims and dispute resolution, and other legal matters.
Auditing
External auditing is the examination of financial records by an independent party. Internal auditing refers to the examination of issues regarding business practices and risks.
Financial Accounting
Financial accounting includes footage and classification of business transactions, and preparation and presentation of financial statements to be used by internal and external clients.
Cost Accounting
Cost Accounting refers to the footage, presentation, and analysis of manufacturing costs. Cost accountants examine definite and standard costs to help directors conclude future courses of action concerning the business’ operations.
Fiduciary Accounting
Fiduciary Accounting means the handling of accounts administered by a person empowered with the supervision and management of the property of or for the benefit of another person. Trust accounting, receivership, and estate accounting are some examples.
Accounting Information Systems
Accounting information systems or AIS occupy the expansion, fitting, execution, and supervision of accounting procedures and systems used in the accounting process.
Tax Accounting
Tax accounting involves the planning of tax and preparation of tax returns, ascertainment of income tax and other taxes, tax advisory services such as ways to reduce taxes lawfully, assessment of the consequences of tax decisions, and other tax-related issues.
Management Accounting
Management Accounting focuses on the needs of the management. It includes financial analysis, budgeting and forecasting, cost analysis, evaluation of business decisions, and other similar areas.
What is Bookkeeping?
Bookkeeping is the methodical recording of financial facets of business transactions in opposite books of account. Bookkeeping services help to uphold precise financial records of a business by keeping a proper record of the purchases, sales, and receipts.
