Bookkeeping and Accounting in DIFC

Overview:

The Dubai International Financial Centre (DIFC) is a renowned financial hub based out of Dubai since 2004.   DIFC has a large number and a variety of financial services institutions. Accommodating over 2,500 registered companies, the Centre’s vision is to drive the future of finance and expand further and target the masses.

A company’s books and financial statements represent its financial standing and showcases it’s progress, as well as being an early warning system which may explain why the business is going amiss. Financial statements and the underlying records provide the basis for many decisions made by external stakeholders such as banks, regulators, potential investors, as well as taxing authorities and other governing bodies. Hence it is important to maintain well organized financial records.

Outsourcing bookkeeping and accounting translate into good maintenance of financial records which is critical when operating under a governed and regulated jurisdiction such as the DIFC. It also assists the firm and thus making effective business decisions based on adequate information.

Tasks performed by the Accountant:

• Ensuring that the accounts are maintained in your accounting system;

• Monitor and review financial transactions;

• Provide regular reports to the management such as balance sheet, profit and loss statements, cash flow statements and any other report required by management;

• Maintaining books of accounts of the company such as general ledgers, bank reconciliations, breakup schedules etc;

• Assistance in internal and external audit.

How can we help?

We are a leading member firm of Crowe Global which is ranked as the top 10 global accounting network with more than 750 offices and over 41,000 partners and professionals. Crowe Mak Limited has been successfully operating in the DIFC since 15 years and are a trusted provider of Bookkeeping and accounting services to many firms.