Accounting
The process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statments used in accounting period, summarizing a company’s operations, financial position, and cash flows.
Regardless of the size of a business, accounting is a necessary function for decision making, cost planning, and measurement of economic performance.
Bookkeeping
Bookkeeping involves the recording, on a regular basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
Humaid Al Kaabi Accounts Audit, can help you manage all financial data for your company. without bookkeepers, companies would not be aware of their current financial position, as well as the transactions that occur within the company.
