Updating Of Backlog Accounts
Actually small and medium-sized businesses sometimes are unable for updating of backlog accounts, but they have to keep proper accounts under the UAE Commercial Companies Act. So, after some time, those small businesses understand that it is mandatory to maintain the backlog accounts and hire an accounting company.
CBD Accounting and TAX Consultant help the customer to set up the backlog account from the date of consolidation of the organization. However, appropriate supporting documents are important for us to set up the books of account. Subsequently, it is significant for us to get the first supporting documents of the transactions including sales invoices, purchase invoices, installment vouchers, receipt vouchers, petty cash expenses, bank statements, check counter thwarts, bank transfer copies, and so on. We finish the books of account on intermittent premises, regularly on a yearly premise.
Our reports include:
- Backlog accounting report (statement of financial position),
- Profit and loss account (statement of comprehensive income)
- Cash flow statements,
- Receivables list,
- Payables list,
- Similar report on sales execution ,
- A similar report on expenses ,
- Financial proportion examination ,
- The working capital analysis ,
- The breakeven point investigation/edge of safety and so on.