Bookkeeping
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At M&M Accountancy, we provide bookkeeping services to manage your daily finances effectively. We ensure that your income and expenses are accurately recorded, keeping your financial records current. This clarity in your business's financial status helps in making better business decisions.
Whether you're a small shop, a startup, or a growing company, our bookkeeping services are customized to meet your specific needs, helping to foster your business's growth across the UAE.
Below is a list of the bookkeeping process, along with the description.
Initial Assessment
Understanding your business model, financial activities, and specific accounting needs.
Setting Up Account Systems
Implementing or optimizing accounting software tailored to your operations.
Recording Transactions
Systematically record all financial transactions, including sales, purchases, receipts, and payments.
Regularly reconciling bank accounts and all balance sheet accounts with the business's financial records.
Reconciliation
Keeping track of amounts owed by customers (accounts receivable) and to suppliers (accounts payable).
Managing Accounts
Preparing and providing income statements and balance sheets, to give you a clear view of your business's financial health
Financial Reporting
Compliance & Advisory
Ensuring compliance with accounting standards and providing advice on financial management and planning.
Ongoing Review & Optimization
Regularly reviewing and updating the bookkeeping processes to ensure efficiency and accuracy.