Accounting and Bookkeeping
Reconciliation & Backlog Accounting
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Backlog accounting service in Abu Dhabi
Success in the financial arena hinges on astute business management. Entrepreneurs must recognize the importance of consulting experts to navigate challenges that impact company growth. Many SMEs in the UAE struggle to manage and maintain their accounting records, often finding it burdensome to keep their books in order from the date of inception. This delay in recording financial details can lead to significant setbacks.
Maintaining a complete record of transactions
In order for businessmen to collect the relative accounting information of the company, it is important to keep track of all transactions and address any gap areas.
Business Analysis
All stakeholders can benefit from data and can summon any type of record that reflects business progress. With updated accounts, it is ensured that potential future business opportunities are not missed by business owners and especially investors.
Time-saving
When software is employed to record all transactions, it becomes very convenient to trace older transactions when needed for reporting or decision-making purposes.
Management of Cash-Flows
Maintaining the records of expenses and income becomes easier when backlog accounting services are deployed. It provides the management with a deep insight into how a company is progressing and helps them keep an eye on the financial position of the company.
Quick Audit procedure
If the records are maintained properly, performing time-based financial audits becomes a breeze. They can easily benchmark the present performance of the company with older data and make trends out of them while making forecasts of the future.
Quick decision making
Time-based reporting allows entrepreneurs to concentrate on strategic decisions ensuring smooth business functioning.
Our pricing
What do you mena by Updating Backlog Accounts?
When a company documents all its transaction from the date of inception of the company till the present day, such that they reflect the true state of the company’s health. Since there is a general tendency of startup companies to hesitate to record their accounts from day one, either due to laziness or sheer lack of knowledge or interest, they potentially face unexpected financial challenges and repercussions. So, it is important for companies to indulge in this practice in order to ensure smooth sailing and future profits


Why is backlog accounting important for SMEs in the UAE?
Effective business management is crucial for financial success. Entrepreneurs often require expert consultants to navigate challenges that can hinder their company’s growth. Many SMEs in the UAE face difficulties in maintaining accurate and timely financial records, leading to potential compliance issues. UAE regulations require that books of accounts be properly maintained, making backlog accounting vital for startups and SMEs.
Traditional methods, like Excel, are prone to errors and inefficiencies. AH Tax Consultancy offers comprehensive backlog accounting services, ensuring that your financial records are accurately prepared from the date of incorporation to the present. Providing all necessary information is key to maintaining precise records.

What are the frequently asked questions?
Reconciliation is an accounting process that compares two sets of records to ensure that the figures are accurate and in agreement. It also confirms that accounting in the general ledger is accurate, complete, and consistent. When there are documents pending and then backlog accounting come in. Backlogs are the revenues that are unearned because of some reason. Backlog accounting signifies the inefficiency in the production and management process of the company.
The backlog is important because it gives a prioritized list of actionable things for the team. With a backlog, product managers know that they always have something to do which will keep the products’ development progressing. Backlogging helps the managers to know what is yet to be completed and what is pending.
Reconciliation is the activity of supporting documentation and the process of comparing transactions. Furthermore, reconciliation involves resolving any discovered discrepancies. The purpose of reconciliation is to ensure the validity and accuracy of financial information. It also makes sure that unauthorized changes are away from the transactions during processing.
Reconciliation is an activity to compare transactions to ensure the authorized changes in the transactions. A review is a form of audit that is reduced, and it also provides assurance regarding an entity’s financial statement. The auditor who conducts a review should perform analytical procedures and also create inquiries of the client concerning the financial statements.
Reconciliation discrepancies can be caused by numerous reasons, from fraud to errors at the bank, etc. Most of the discrepancies will fall into one of these categories, timing differences, fraud, or bank deducting money without the firms’ knowledge. The firm gets to know about the discrepancies in bank reconciliation through bank statements.
A firm’s accounting information must identify the backlog’s cost, value, and revenue. It is important to monitor a company’s backlog because if the backlog remains unsold then it can depreciate. You can account for backlog by calculating its ratio and solving the depreciation.
To keep your backlogs manageable, it is best to follow these tips:
Delete items you will never do.
Review your backlog periodically.
Always prioritize and do not add the tasks that you would not do any time soon.
Which reports are available while Updating Backlog Accounts?
Once the clients request our services, a team of our experts will immediately initiate work on the necessary documents while updating records in any software thatthe company has deployed for the purpose. Following financial reports are generated