Backlog Accounting Service

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Overview of Backlog Accounting Service

Accounting Services in Dubai 

Due to unavoidable reasons, companies may not be able to prepare & maintain Financial Statements in accordance with the applicable financial reporting framework. Article 27 of UAE Federal Law No. 2 of 2015 on Commercial Companies stipulates every company shall prepare annual financial accounts including the balance sheet and the profit and loss account. Hence it’s mandatory to prepare the Financial Statements of the organization.

Flying Colour Tax Consultants assist the organization in preparation of the books of account from the date of incorporation of the company till date. Proper supporting documents are required for us to prepare the books of account. Supporting documents include sales invoices, purchase invoices, payment vouchers, receipt vouchers, petty cash expenses, bank statements, cheque counterfoils, bank transfer copies, Credit Notes, Debit Notes, Import Declaration, VAT Returns, Accounting & Bookkeeping, Excise Tax, and more.

The reports generated includes:

  • Balance sheet (Which reveals Financial Position)
  • Profit & Loss Accounts (Which reveals Financial Performance)
  • Cash Flow Statement
  • Customer Aging Report
  • Depreciation Schedule
  • Financial Ratio Analysis
  • Inventory Management Report

Flyingcolour® assists in all types of accounting, bookkeeping, value added tax (VAT) related advise and VAT return filing, issues related to Federal Tax Authority (FTA), Economic Substance Regulation (ESR) related matters, monthly account related reporting to management (MIS), payroll services, excise and custom related claims and high quality outsourced CFO services through our team of experienced chartered accountants. We have attractive customized monthly accounting packages.

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