How to Find the Best Accountant or Bookkeeper?

Financial records are very important to keep in order to keep track of the transactions of your business. But, you also have the responsibility to file taxes and make decisions based on the records of the finances of the business. That is how accounting works. Here’s why you need to hire bookkeeping firms in Dubai.

You start the accounting cycle by keeping a journal of all of the transactions the business has in a certain accounting period. Then, it is recorded on the general ledger for every transaction that was made. Once the accounting period ends, you create the trial balance, which is unadjusted, based on the transactions recorded. You fix the journal entries to make sure each cent is in order and the trial balance becomes adjusted. After everything is adjusted, you can now prepare the business’s financial statements which are the income statement and the balance sheet.

Doing all of that could be overwhelming and you might want to hire an accountant or bookkeeping services in Dubai. So let us see the difference between bookkeeper and accountant and know how to hire the best one for you.

Bookkeepers

Bookkeepers take charge of the finances of the operational side of your business meaning they handle these numbers every day. A good bookkeeper would immediately do the financial process early into the accounting cycle.

Accountants

Accountants handle in analyzing the transactions and finances of the business. Their job is to interpret the data and finances of each financial report and present it to you in terms of making it easier to explain. A good accountant steps into the accounting cycle at the final stage.

The Right Bookkeeper and Accountant

The benefit of hiring a bookkeeper or accountant is that you can focus on the other aspects of your business while a professional crunches the numbers of your finances. But finding the right one requires you to research the qualifications of accountants and bookkeepers.

You can find financial professionals by asking for referrals from other business owners of the same field as yours. When you are going to interview your potential accountant or bookkeeper, prepare the appropriate questions about their experiences, qualifications, certificates, etc. Also, ask what system or software they will be using. Because looking at numbers is stressful, each one should have their own way to handle the stress and pressure of doing accountancy.

Think about the cost of hiring an accountant or bookkeeper. You might want to hire one that is very experienced but you can expect them to ask for a high pay once you hire them. Or you could hire one that is not experienced but certified to do the job well and the pay is not that demanding. It is your choice depending on your finances.

You must also consider the attitude and personality of the bookkeeper or accountant. You should find one that you can get along with while you discuss financial matters. Hiring a financial professional from bookkeeping firms in Dubai might be beneficial because these firms value the clients that hire them so they always go to great efforts to do their best job and you can work with them comfortably.

If you are looking for Internal Audit Firms In Dubai, the author of this article suggests Aviaan Accounting.