Author Archives: lunajohnson

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Fraud Auditing Service in Dubai

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A corporate audit fiasco can break a business, and this makes a mistake and fraud detection a priority to the companies. Fraud will not only harm the company financially but will also affect the reputation and the goodwill of the company. Frequently, every company will employ an accountant on their payroll. Still, even the accountant of the company may make a mistake, or there is a more in-depth and eviler plan going on in the company.

Types of Fraud Auditing:

There are two types of fraud audit services in Dubai which can be very harmful to the business:

  1. Misappropriation of Assets:

Asset misappropriation is one of the common types of fraud prevalent among companies. Diversion usually composed of two kinds that are:

Skimming of cash to be given to a thing:

In the case of larceny of wealth, it is confronting to uncover as the transaction has not yet been documented, making this kind of fraud very easy to hide. It also does not need vast knowledge or sophistication. Examples of Such misappropriation are false expense reimbursement, fraudulent billing schemes, cheque tampering, etc.

Misuse of company assets:

The misuse of the assets of the company is another prevailing kind of asset misappropriation. In this, the assets of the people or group of individuals working in the company misuse the various holdings of the company. This is very uncertain as it would not only enhance the liability of the company but will also it is indicative of the private use of the company’s assets.

  1. Financial Statement Fraud:

Financial statement frauds are not as common as misappropriation of assets but can be very harmful to the company. It involves issuing the wrong statements about earnings, assets, etc. or can hide the liabilities to show more assets to the shareholders. This doctoring of the financial statements will show a meaningful increase in profitability, but the real truth will be different. One of the most pre-eminent examples of Financial Statement Fraud is the fraud created by Enron Corporation.

The audit report impersonated by the auditor at the end of the complete audit process will provide us with the full and detailed information about the working of the company and any fraudulent activity happening in the company.

Process of Fraud Investigation:

The method of fraud investigation and auditing involves a detailed and detailed assessment of all the economic records of the business, intending to find any fraudulent activity which is conducted in the company. The auditor will find evidence in the form of witnesses, reports, or any other means of proof of any fraud occurring in the company.

Detection of Fraud:

Accounting and Bookkeeping are only the first ranks of defense against any fraud being conducted. The International Financial Reporting Standards prescribes various fraud detection methods that should be performed during each audit irrespective of the company or industry. These methods are:

  • Conduction of a fraud brainstorming session
  • Manipulation of Journal entries
  • Look out fraud or the illegal activity happening in the company
  • Conduction of periodic and sudden reviews of the working and the financial statements of the company.

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Bad Debt Accounting and Business:

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Most of the business stockholders experience bad debts usually that happens to them. They go about doing your business. It sometimes appears as one of the risks of running a company. However, even if this is the case, it should not be tolerated, as this can be the start of a crumbling business.

Bad Debt:

Bad debt then is an amount considered as a loss of a business instead of again because the payment is not obtained after all efforts have been made. Most of the time, the debtor cannot pay off the said debt because it has declared bankruptcy.

Bad Debts Accounting:

Bad Debts make a part on the debit side in the Income Statement as an Expense. They get reported in the year in which they become irrecoverable or when the debtors seem not to pay their debt. Its next entry would be its deduction from the debtors in the balance sheet since they are presently not recoverable. And thus, the current assets would decrease (receiving lesser cash).

Reasons behind Bad Debt:

When the debtors have poor business management, he cannot timely pay his debt.

Debtors’ inability or unwillingness to pay is one of the primary causes for the debts to become bad.

Meanwhile, the creditors are not capable of collecting the debts due to some of the other reasons.

Impact of Bad Debts on Business:

The effect of bad debts is not suitable for your business. If you have a large number of bad debts, then you require to take quick action and assure that your accounts receivable process effectively managed.

Money Losses occur

Without any doubt, bad debts cost a company money. The expected amount of money that has been added to the sales and revenue is now considered to be a loss. It affects the forecasts as well as the probable growth of a business, especially if it is a significant amount.

Create complications in Accounting

Bad debts mess up the accounting process that accountants work hard on doing. As if accounting itself is not tricky enough, bad debts will make it more complicated. Doing accounting and bookkeeping services in Dubai processes means recognizing when the sale is made. The amount of money that is expected to be received is usually accrued by then. Your accounting department will then need to deal with adjustments as a continuous delay of payments happen until that amount needs to be written off as a loss.

Loss your Reputation

Bad debts may be one of the reasons that can ruin a company’s reputation. It can impact financial books in some cases. Some may even view your firm as a company that is not good at handling collections.

Loss of Employees

Your employees can start feeling low morale in the office when bad debts start kicking in. It means that bonuses, increments, benefits, and others are not offered and given anymore because the bad debts have gotten into the financial status of the company.

It means that you are on the brink of losing talented and trustworthy employees that may have been working for you for several years now. It can affect you significantly.

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Rugged Laptop: Comparison between Panasonic and Getac Brands

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When talking about rugged laptops, two brands lead the way, Panasonic with their Toughbook range and Getac.

Overview:

Panasonic has forged a solid reputation in the rugged laptop market with its well-regarded ‘Toughbook’ laptops and tablets. Panasonic has spent at least 20 years developing and improving their range.

Getac, founded in 1989, have developed as leaders in the industry of rugged laptop in UAE. Thanks to their tough devices that offer solutions for professionals working in severe environments.

Getac remains separate from competition, and the reason is that a team of almost 250 full-time engineers working to find more reliable ways to deliver tough and portable devices for every industry.

Panasonic Toughbook CF-33:

Most people consider the Panasonic Toughbook CF-33 to be one of the best-rugged laptops in the world. It is a 2-1 in tablet and laptop, so you are able to either use it along with the keyboard or detach it to enjoy the portability of a fully rugged tablet.

It has an Intel Core i5-7300U Processor that is excellent for most business applications and provides good battery life. A magnesium alloy handled case provides even more protection and portability.

The large 12 inches display has daylight readability technology that makes the CF-33 amongst the best laptops on the market for screen brightness, with a maximum brightness of about 1,200 nits.

The touchscreen can be practiced in all-weather circumstances. Thanks to glove touch and rain touch capacities, making this one of the best laptops for massive outdoor use, even in bright sunlight or rain.

Advantages:

  • 256GB Solid State Drive
  • Lightweight 2.5kg
  • Ports and connectors protected by hinged covers
  • 8-megapixel rear camera
  • High quality, high res, bright display, one of the best available

Disadvantages:

  • More expensive than Getac B300
  • Small spacebar not ideal for fast typing
  • Some people claim the small track-bar is awkward to use

Getac B300:

Getac B300 is the Getac’s best-selling rugged laptop. It has an Intel Core i5-6200U Processor similar to the Panasonic Toughbook, but the Getac is a sixth-generation i5 Processor compared to the Toughbook 7th generation processor.

The B300 has a bigger display than the Toughbook (13.3 inches) and an impressive battery life (30 hours with two batteries). However, the screen is the lower resolution (XGA) and less bright, rated to about 700 Nits. It does have an option for the upgrade, so, for a price, you can order the B300 with a super bright and about 1,400 Nit display.

Getac B300 fits plenty of flexibility as it includes a media bay that can hold another optical drive, second hard disk, or second battery for increased operation. GPS antenna connection, Connectivity options are good with USB 3.0 ports, an SD card slot, and an optional SIM card slot.

This device has incredible security features, including a fingerprint scanner, a smart card reader for more secure verification, and a Trusted Platform Module 2.0, technology that checks for signs of intrusion during system start-up.

Advantages:

  • Cheaper than the CF-33
  • Built-in media bay for increased options
  • Advanced security options
  • Most extended battery life in the industry

Disadvantages:

  • 500GB HDD storage (more storage than the CF-33 but unfortunately not an SSD)
  • More substantial and bulkier than Toughbook
  • Big screen but relatively low resolution
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Docking Station for Panasonic in UAE

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Panasonic Toughbook and Toughpads are solely one aspect of the mobile work station. Highly mobile job codes such as public safety, warehouse management, refinery upkeep, etc. require a work station that is just as mobile. A Toughbook or Toughpad mounted and docked in a vehicle can provide convenience as well as mobility, thereby increasing productivity and decreasing downtime.

Panasonic Toughbook 30/31 Docking Station with Single RF, Automatic Lock

There is a wide range of Panasonic computing and laptop docking station in UAE solutions and peripheral accessories that perfect fit for every agency using their vehicle as a mobile workstation. Here are the best mounting stations at the industry’s most reliable platform for connecting peripherals, which will significantly improve productivity.

Locking Type: Automatic Lock

Automatically locks when the computer is docked. The lock must be unlocked with the key to release the handle and undock the computer. The lock is keyed alike.

Weight:

It is about 4.50 lbs.

Dimensions:

The dimensions of this docking station are 3.90” H x 12.40” W x 12.30” D.

Unique Features:

Most unique features are as under:
• Compatible with Panasonic Toughbook 30 & 31 computers
• Panasonic electronics
• Light-weight steel/composite design
• Interlock mechanism shields against connector damage & prevents engagement until properly mounted
• Floating dock connector for easy docking activation
• Forward-facing ports for low mounting capability
Simple, one-handed, docking mechanism:
• Pull side handle forward to dock
• Unlock the key button to release and unlock the computer
Side LED indicator light can be utilized to troubleshoot in the field:
• Green: All ports are ready to work
• Orange: USB and LAN ports not working or external power is not connected
• Red: PC is unsupported, or connection is not made done
• Red (Blinking): Error has happened in firmware, contact Panasonic Technical Support

Certificates & Testing:

1. Panasonic Toughbook Certified
2. Military Standard MIL-STD 810G

• Operational Vibration Method 514.6, Procedure 1
• Non-operational Vibration Method 514.6, Category 24
• Non-operational Vibration (Sinusoidal) – 10‐200Hz Sine Sweep
• Non-operational Mechanical Shock safety Method 516.6, Procedure 1, 3 positive and three negative pulses each axis
• Shock Crash Hazard, SAE J1455, 20G, 135 ms.
• EMC Testing, EN 55022 (CISPR 22), EN 50498

3. Cycle Testing Non-operational, 10,000 cycles of the docking connector, latching and locking mechanisms
4. CE, FCC, RoHS compliant

Port Replicators:

• Serial (2) D-sub – 9 pin
• Single Antenna Pass-Through TNC
• Ethernet (2)
• USB 2.0 (5) – 4 pin
• External video D-sub – 15 pin
• Headphones/speakers Stereo phono jack
• Microphone Mono phono jack

Warranty:

• Three-year limited warranty (docking connector, printed circuit board)
• Limited lifetime warranty for all non-electronic components (sheet metal)
• Optional 4 and 5 years extended warranty available
Accessories:
• Integrated 120W LIND power supply kit (Item No. 7160-0496). Upgrade non-powered docks.
• External 120W LIND power supply (Item No. 14103)
• Lind low-profile adjustable shutdown timer (Item No. 13792)
• Screen Support (Item No. 7160-0501)
• LED light assembly (Item No. 7160-0096)
• Trunk shelf mounting plate (Item No. 7160-0398)

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Panasonic Toughbook 55: Field Service Workers

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If you operate in field service, you often employ long hours at remote job sites. Owning a laptop that’s customizable to help the variety of work you do is especially valuable, given the evolving nature of material and field servicing. Through close connections with our field service customers, we listened to their feedback. We engineered the Panasonic  toughbook in UAE 55 to support the variety of tasks done, whether working inside a service vehicle, a plant or factory, or outside in a remote area.

Long-Lasting Battery Life:

The TOUGHBOOK 55 has the most extended battery life of any of our TOUGHBOOK tools to date. It comes with up to 20 hours of battery time with the standard battery and up to 40 hrs. with the optional second battery. The second battery also offers a hot-swap capacity, so you do not require to waste even a moment to power down the device and switch out the battery.

Wireless Connectivity:

The TOUGHBOOK 55 is accredited to work on our global wireless linking platform, P180 that gives reliable coverage with no roaming fees and proposes personalized shared data plans that are scalable to actual usage.

For every field service job, some of the most significant limiting factors are good wireless connections too. Having to pause on the job to reconnect due to inconsistent wireless connections, unnecessarily extends your workday and limits the number of jobs you can complete in one single shift.

Design and Powerful Performance:

When you are working long days on-the-go, the last thing you require slowing you down is a device that cannot process data or applications or locks-up midstream. The TOUGHBOOK 55 works on the latest Intel® 8th Gen quad-core i5 and i7 processors, to give consistently supreme achievement to get you through the day as effectively as possible. Productivity counts, and we know field service companies often measure job capabilities down to minutes and seconds. The TOUGHBOOK 55 high processing power suggests you and your partners can accomplish tasks faster, which not only increases job performance but also supports you finish tasks more swiftly so you can get back home to your family and fun.

Full-Service and Comprehensive Warranty:

Although the TOUGHBOOK 55 is engineered for utmost longevity thanks to its enduring design and modular functionality, each device comes with a complete three-year warranty covering materials and service. Our engineering team, the help desk, and repair services are based in the U.S., giving you dedicated device service that has an average turnaround time of just 48 hrs. once received. This means you can be back up and running fast if repairs are needed. Additionally, we pay the cost of all overnight freights both ways for all in-warranty repairs.

We recognize that field service organizations make significant investments in high-quality tools. The computing technology used is also a critical part of that toolbox, and quality can’t be compromised. That’s why the TOUGHBOOK 55 is built to be durable, reliable, and customizable with powerful performance to help get the job done better and faster.

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Rugged Mobile Devices: Panasonic Toughbook for Force

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The Air Force has relied on rugged mobile devices for a long time, everything from maintaining aircraft in dusty and wet environments to shield air bases around the world. These missions, and nearly all others, need highly dependable state-of-the-art rugged mobile tools that give optimal connectivity.

As the Air Force remains to push the envelope with practicing more mobile technology in the field and on the front lines, the demand for even higher levels of innovation, durability, and integration capacities and assistance have become obvious. But at the essence is that same highly dependable rugged mobile technology that flight crews, Special Forces and troops on the ground have depend on for years. The panasonic toughbook cf 20 in UAE family of mobile devices proceeds to be a top choice for these next-generation requirements. Here are a few examples.

Android Tactical Assault Kit (ATAK):

The Android Tactical Assault Kit that is ATAK, poised to be the premier platform for conditional awareness and team coordination, is an excellent candidate for a denser rugged handheld or tablet. Users need a host of abilities in a portable, rugged, great performing mobile device that is practiced for taking and sending photos, viewing, and using maps and GPS for accessing and sharing data to collaborate in planning the mission. The TOUGHBOOK N1 handheld is a fix here.

Remotely Piloted Vehicles (RPVs):

The Air Force is now on a mission to extend the use of Remotely Piloted Vehicles (RPV). These pilot-less vehicles are incredibly versatile and invaluable in tracking predators, gathering intelligence, and conducting strategic airstrikes. RPV pilots and others engaged in these missions need specialized technology, commonly built around a rugged mobile device. For example, some have taken a TOUGHPAD FZ-M1 or FZ-G1 tablet to serve as a controller, integrated with other abilities, like handles or toggle switches, to customize it to their requirements. The outcome is a device that can be utilized to control RPVs in extreme weather and harsh field circumstances and still provide complete visualization and controller abilities.

Medical:

While many have got the advantage of mobile technology in several areas of healthcare, there are occasions when a rugged mobile device gets more sense. For example, a clinic or field hospital maybe in a damp, extremely cold, or dusty environment, although patient care and reliable access to remote experts or records must be available. By utilizing a rugged two-in-one device, medics and para-rescue personnel can use the same tool to check patients in, perform triage, take notes, communicate with clinic or field hospital personnel, and access patients’ electronic medical records (EMR).

Forces:

We know that the arm forces, especially Air Force and the other armed forces, need holistic, mission-critical solutions that work surely both on and off the battlefield. That’s why Panasonic is bound to offering highly secure, reliable, and configurable mobile computing tools and to working with the best technology co-workers to deliver the mobile solutions needed for Defense.

Panasonic TOUGHBOOK goods are Air Force Network Approved, and we can load your current version of the most recent SDC (Standard Desktop Configuration).

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Hiring a Best Bookkeeper in Dubai

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Leave worrying too much about numbers adding up correctly. Do you want to spend your time on something you do not require to do when you should be giving time to something else? Making blunders add up, especially if those errors go to an audit or even liquidation. With 30 percent of small businesses failing within two years because of debts outweighing profits, it’s essential to keep an excellent book.

Choosing a bookkeeper is not without cost, but it can save you significant time in the long run. You must select a bookkeeper with considerable expertise and professionalism as he will have a direct impact on the achievement of your enterprise. You should thoroughly review out his past credentials and ask for reviews from previous jobs if he can quickly provide. Benefits of Hiring a Bookkeeper:

Following are the advantages of hiring a bookkeeper:

  1. Bookkeepers Prevent Errors

Even the most experienced business owners mess up on their books when they lack the proper knowledge. Blunders could range from data entry mistakes, missing entries, double entries, and mixing up types of expenses. A professional bookkeeping services in Dubai with a sharp eye is less likely to make blunders.

  1. Bookkeepers Retain a Tight Schedule

Part of a bookkeeper’s role is to pay bills, and they will know when it’s best to consume within budget. They will also accurately invoice with timeliness. It is easy to fall back on paying and accounts receivable when you are managing your own enterprise. Pay no more late fees and receive paid on time with a bookkeeper.

  1. Bookkeepers Free Up Your Time for Other Jobs

Meanwhile, you choose a bookkeeper; you can put your time and efforts elsewhere. Focus on networking, marketing, managing, purchasing, and supplying, selling, and communications. Letting someone take over a task as necessary, detailed, and distraction-free as bookkeeping enables you to concentrate on company progress.

  1. Hiring a Bookkeeper According to Your Demands

Depends on the extent and complication of your enterprise, your bookkeeper can be full-time, part-time, temporary, or contracted. Each choice comes with its advantages. If you are a company of one or a handful, you might be more satisfying to contract work at first. Contracting your books allows the contractor an element of objectivity necessary for the task. On the flip side, contractors tend not to know your company as well as an employee. Maybe you’ll need a temp or outsourcing for tax season. Adjusting your bookkeeping to your needs is essential in conserving you money.

  1. Understand and Examine Your Company’s Standing

With a bookkeeper, you can search out where you stand financially as a company. This can support you figure out where you can or should put money, allocate money, or cut back. A bookkeeper should be capable of simplifying and explaining any confusion and ideas.

Choosing someone for bookkeeping gives you more benefits than you would think, including less stress! For what you spend, you will get back even more. For correct, analytical bookkeeping, call DCA CPAs for more knowledge.

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Skills you must have for being successful Accountant:

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Necessary job skills for accounting professionals encompass more than the capability to crunch numbers, complete expense sheets, and depreciate fixed assets. Apart from traditional accounting knowledge, there are a handful of other hard and soft skills that every accounting professional needs.

Must have General business knowledge

The functions of accounting and finance professionals are expanding. Given the constant interaction with other departments, today’s accounting professionals need sound decision-making, negotiation, and strategic-thinking skills. It’s also essential to be able to see the big picture and understand how your accounting role impacts the overall organization.

Must know Communication skills

As an Bookkeeping and Accounting firms in Dubai professional, the chances are good that you collaborate across departments and interact with a wide array of co-workers or clients. The people you talk with may not be as savvy with the numbers as you are, so you require to be able to present information in an easy-to-digest manner.

Whether you interact via email, phone conversations, in-person meetings, or presentations, relaying information precisely and concisely goes a long way toward supporting your reliability.

Although the technical abilities on your resume might land you an interview, companies are searching for accounting experts with a collaborative personality, an executive presence, conflict-management capabilities, and adaptability. Of course, these are not the kind of skills easily taught in a classroom. But you can enhance them by merely paying attention to how others handle professional situations.

Ability to Lead

Accounting professionals need to be energetic self-starters who can promote new insights, manage projects, and motivate and interlock team members, all the while displaying solid administration skills. While the partners at your firm or administrators in your department are managing the business side of the company, you may require to serve as a source of aid when colleagues need help navigating a particular program or managing their first busy-season audit.

Moreover, your managers may look to you for fresh opinions concerning how the organization can assure continuity of service to clients, develop compliance procedures, or address a host of other issues.

Customer service orientation

Whether you work in government or private accounting, trustworthy customer service skills are crucial. If you work in a public accounting company, it is essential for you to be capable of retaining current customers and bringing in fresh clients. If you serve in corporate accounting jobs, you must meet the requirements of the organization’s other departments and managers.

Accounting professionals can demonstrate excellent customer service by truly listening to the requirements and interests of your clients, whether they are interior or exterior. A positive attitude can likewise go a long way, particularly when stress levels are raised. And be cautious not to overpromise when it comes to deadlines or deliverables.

Sort of Specialized experience

To assure regulatory compliance, institutions see for risk, compliance, and internal audit professionals, notably in the financial services industry. Many companies seek people with backgrounds in anti-money laundering, know your customer (KYC), Financial Industry Regulatory Authority, Comprehensive Capital Analysis and Review (CCAR), and the Dodd-Frank Act, particularly rules related to capital adequacy and consumer protection.

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What are Rugged Laptops?

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By installing the elements into a protected laptop case, the manufacturer ensures that they will remain operational for as long as feasible in the most typical of the harsh environments like moisture (even up to being submerged) or high concentration of dust or sand. Furthermore, the case should be strong enough to shield the components from vibration, impact pulse, and ease down the stress and temperature variations.

For instance, a fully sealed keyboard to shield against dust particles or liquids or a scratch-resistant screen that is readable in direct sunshine. Secondly, the inner components themselves are developed in compliance with specific standards in order to withstand the above-mentioned environmental threats in comparison with typical commercial components — for example, hard drives in special shock-mounted cases that dampens vibrations.

Types of rugged laptops

There are several categories of rugged laptop in UAE that were improved in order to meet the requirement of the market:

Business rugged

These laptops are for operating outside of the office. Notable by the rugged design of magnesium alloy chassis with a partial safeguard against falling and impacts. Parts that receptive to vibration put inside vibration dampening cases. Decorated with the sealed keyboard or built-in drainage systems (in some models) to shield parts against spilled liquids. Laptops are compliant with the producer’s internal quality standards, but not certified by internationally accepted standards. The main advantages are relatively small external dimensions, affordable prices in comparison with regular commercial models, and a variation of designs.

Semi rugged

Laptops that are good for people who travel a lot and tend to use it in different weather and temperature conditions (not extreme). As well as business-rugged models, having a magnesium alloy chassis with excellent protection against falling from a certain height, impacts and vibrations, including internal components. Dust and water sealed case with the drainage system. Although these laptops are capable to operate within a specific range of temperature fluctuations, operation in extreme heat or cold conditions does not guarantee. Certified and compliant with global standards.

Fully rugged

Laptops for army specialists, laboratory personnel, industrial engineers, and other professionals who work in potentially severe and rigid environments. Case and chassis are specifically designed to fully shield all components from the most common environmental and accidental hazards – water (although these laptops are not vacuum sealed, some models allow to be submerged for very short-time without a risk to be damaged), dust, mud, atmospheric pressure, falling, vibration, aggressive liquid substances such as aqueous salt solutions. All components are individually protected as well. Screens are readable in direct sunlight, and the matrix has a reduced sensitivity on temperature drops below zero degrees by Celsius. In contrast, thermal isolation allows operating normally under high heat conditions. Although the external design of these laptops is not as elegant as regular commercial models and the cost is quite high, it is a useful and robust tool will serve very well in the most demanding working conditions and moderately harsh environments and tend to last for years out in the field with no significant downtime. Also certified and compliant with the most international standards.

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Bookkeeping and Accounting Firms in Dubai: Differences

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With bookkeepers managing themselves accountants and accountants giving services of bookkeepers, the line drawing the difference between bookkeeping firms and accounting firms seems to have blurred. Well, at least many people believe like this. However, that is not the actual case. There is still a reasonable degree of difference between the two of them, at least between the services that they are trained and supposed to give in Dubai. Let us have a closer look at this.

Following are the primary and critical differences between bookkeeping and accountant in Dubai:

  1. Scale of working

Bookkeeping services in  Dubai, of course, operate at a relatively small level, with fewer employees. Usually, a team of 10-20 bookkeepers and a controller would suffice to manage the operations of a bookkeeping firm. Accounting firms, on the other hand, operate at a relatively more substantial scale. This is because, as you saw above, they offer a more excellent range of services, thus requiring more employees.

  1. Responsibilities and services contributed

Bookkeeping firms are only responsible for keeping and recording all transaction details. In other words, bookkeeping staff and tasked for making entries and maintaining the books day in day out. At a stretch, the services rendered by bookkeeping companies or even full-time bookkeepers include creating, getting, and keeping invoices and bills, managing reconciliation, reporting to controller or CFO, etc.

Accounting firms, on the other hand, offer a more excellent range of services, of course. In addition to classifying and recording transaction details in journals and ledgers, accounting firms will be responsible for analyzing and interpreting them and making financial reports and statements to assist controllers and chief financial officers.

  1. Qualifications and expertise

Accountants and Bookkeepers don’t need to give any strict tests to be able to work in a bookkeeping firm. Certified accountants in accounting firms have to pass rigorous examinations to get their license and certification. Thus, people in accounting firms use to be relatively much more qualified. They possess more skills as they are trained to cover tax, business reports, accounts analysis, auditing, and much more.

  1. Cost or Charges involved in hiring

Hiring a bookkeeping firm is ultimately cheaper. Bookkeeping is one of the primary tasks in the finance departments. Therefore, there are lower costs involved. Accounting firms may cost somewhat more. Bookkeeping and Accounting firms in Dubai are just worth it, though, since you get far greater assistance in the finance department and related tasks.

  1. Maintenance

As you can guess, hiring a bookkeeping firm in Dubai will be best suited for small scale firms and startups with limited transactions. Since there would be much less of sales to record and take care of, a full-service accounting may not be required. A bookkeeper and a controller should be enough to record, analyze, and maintain the books and financial reports in such a case.

However, when the firm is operating at a more significant level and has a lot of transactions happening on an everyday basis, a reliable accounting firm is a must. However, when the firm is operating at a more significant level and has a lot of transactions happening on an everyday basis, a reliable accounting firm is a must.