Accounting

Accounting services for construction companies in the UAE are essential to assist contractors in getting on top of their financial obligations and responsibilities. With the nature of construction business in the UAE, there are typically a number of small challenges that come with running a construction business, including watching project costs, making payments to suppliers, …

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What is Layering in Money Laundering? Layering is the second phase of money laundering. It is when criminals carry out a series of actions to move unjustly earned funds through numerous transactions to complicate the source of the funds. They may transfer money between accounts or banks, transfer it between jurisdictions, or change the form …

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Challenges that companies face in AML compliance are growing as businesses try to keep up with emerging risks, regulatory research, and operating pressures that arise daily. Organizations are caught trying to reduce the risk of financial crime while still being able to conduct their business. The struggle to find balance is evident, as on one …

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The three golden rules of accounting strengthen any business and help keep personal records accurate, and produce financial decisions. These three simple rules allow every transaction to be identified clearly, consistently, and according to regulatory standards, which provide owners with a true representation of their business. Sticking with the three golden rules also allows a …

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The importance of real time financial reporting is increasing as businesses deal with constant changes and stronger competition. The world is progressing very fast and waiting for monthly reports just doesn’t work any more. Business owners need quick access to the right insights so they can track the performance of the business, manage risks and …

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Business valuation for startups is one of the most important steps for any new company. It helps founders, investors and partners understand the real worth of a business. Starting a business is exciting but knowing its value is as important as building the idea itself. For new businesses, valuation is not just about numbers, it …

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Accrual accounting and cash basis accounting are two different methods for tracking money in a business. One of the first choices a company has to make is choosing the proper accounting method. Companies use Accrual and cash basis to record income and expenses in different ways. Accounting is an important part of your business, regardless …

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