Introduction
Bookkeeping is the foundation of every successful business. In the UAE, proper bookkeeping has become even more important due to Corporate Tax and VAT regulations. Businesses that maintain accurate records can make better decisions, stay compliant, and avoid costly penalties.
What is Bookkeeping?
Bookkeeping is the process of recording all financial transactions of a business, including:
- Sales
- Purchases
- Expenses
- Payroll
- Bank transactions
- Invoices
Proper bookkeeping helps businesses understand their financial position clearly.
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