Cloud computing has transformed the way businesses operate, and accounting is no exception. Traditional accounting software is being replaced by cloud accounting software, offering numerous benefits for businesses of all sizes. According to a survey conducted by Intuit QuickBooks, 67% of accounting professionals believe that cloud accounting software has improved their clients’ financial management capabilities.… Read More »
You must have hired an accountant to do financial audits for your business. But do you know you can yourself handle audits? If you don’t want to take the task in your hand, then at least you can help automate regular tasks for your accountant. Your chosen accounting software will do this miracle for you. In… Read More »
Using accounting software can seem daunting at first, but with a little practice and guidance, it can become a valuable tool for managing your business finances. Here are some general steps to get you started with using accounting software: Choose an Accounting Software The first step is to choose an accounting software that meets your… Read More »
Accounting software is designed to provide businesses with an electronic system for recording, processing, and reporting financial transactions. The software can automate many accounting tasks, such as invoicing, bill payments, and payroll. It can also integrate with other systems, such as point-of-sale systems, inventory management systems, and bank accounts, to streamline financial operations and reduce… Read More »
Small business owners need to undertake a host of activities within the organization all by themselves. From finding customers and undertaking bookkeeping to marketing their business and accounting, almost everything is undertaken by small business owners. That is why small businesses now understand the need and significance of cloud accounting. Some of the tasks that… Read More »
Before starting the blog, let’s talk about corporate tax. According to the UAE Ministry of Finance, a federal corporate tax (CT) was implemented on corporate net earnings. The net income or profit of corporations and other organizations from their business is taxed directly as corporate tax. All businesses operating in the UAE must pay UAE… Read More »
