About Us
Alliance Chartered Accountants provides backlog accounts services in Dubai, where we assist in updating the company accounts, as proper business management is essential for successful financial status. Entrepreneurs recognize that a variety of factors influence the growth of their businesses. Following the implementation of Commercial law in the UAE, proper record keeping has become mandatory. As a result, Backlog accounting services are critical for the expansion of Startups and SMEs in Dubai, UAE.
Why is there a need for Updating
backlog accounts in UAE?
The backlog accounting in Dubai is a process of recording the periodic transactions from the inception of the business. It aims at ensuring the complete data on all the business transactions that portray the actual condition of the company. Usually, companies avoid the records of their income and expenses in the initial stage because they opt for the basic level of maintenance. Updating Backlog accounts services in UAE is necessary to define the accurate financial position of the company rooted to achieve higher profits in the future.
Benefits of Backlog accounting
service in Dubai
Simpler Audits
Updating backlog accounts aids auditors, simplifying processes by providing accessible historical details.
Assists in Decision Making
Periodic reports from updated accounts assist entrepreneurs in strategic decision-making.
Greater Cash Flow Management
Updated backlog accounts offer insights for better cash flow management and financial positioning.
Why Choose
Alliance CA
We at Alliance Chartered Accountants provide all types of backlog accounting services in Dubai. Our experienced professionals are fully equipped with the right knowledge and technical expertise to assist our clients with minimal cost. Our team helps in updating the backlog accounts from the initial year of establishment. We ensure that all the pending accounts are closed properly by following the statutory requirements and legislations. We also collect important documents such as receipt vouchers, invoices, payment slips, bank statements or cash expenses, etc. Our experts work on the updated regulations by implementing the latest accounting software and thus maintain the books as per the recent market changes.
Frequently asked questions
The finance backlog is a buildup of financial work that needs to be completed. This term is mostly connected to accounting and finance when there is some task pending. For example -The Company’s sales orders are awaiting to be filled or stacked for the financial paperwork like loan applications.
Backlogs are essential for the business because the revenues are locked in there. Backlogs are also good leading indicators for your business performance which reflects the number of risks involved in the revenue forecast. The backlog should also affect how you set the quotas and the structure of the sales commission.
Normally the BBB (Bookings, backlogs, and billings) are the standard data set that is used by most companies to track their business. Wherein the billings are when you collect the customer’s money. This happens during the time of booking especially in the case when you are being paid months in advance or at the time of revenue recognition. Whereas the bookings represent the commitments of a customer to spend the money with your company. It usually ties you with some contract at the moment of signup or subscription. This can be signed physically or electronically.