Backlog Accounting
Catch up on your finances with Stratify’s backlog accounting services. We organize, update, and review your records to ensure compliance and clarity.
Types of Backlog Accounting Services?
Sales Backlog Accounting
Recording sales orders that have been received but not yet fulfilled, helping businesses plan production, allocate resources, and manage inventory
Purchase Backlog Accounting
Recording purchase orders that have been placed but not yet fulfilled, helping businesses manage cash flow and track expenses
Work-in-Progress Backlog Accounting
Recording work that has started but not yet completed, allowing businesses to track project progress and manage resources
Accounts Receivable Backlog Accounting
Recording unpaid invoices, helping businesses manage cash flow and ensure timely collections
Accounts Payable Backlog Accounting
Recording unpaid bills, helping businesses manage cash flow and track expenses
Documents required for Backlog Accounting Services with concise explanations
Previous Financial Records
All available past financial statements or records to analyze and address pending transactions systematically
Invoices and Receipts
Copies of sales invoices, purchase invoices, and payment receipts to identify incomplete entries and verify transaction details
Bank Statements
Recent and past bank statements to reconcile unrecorded transactions and ensure accurate financial data
Pending Accounts Payable and Receivable
Detailed lists of unpaid invoices and outstanding payments for effective backlog clearance
Payroll Records
Employee salary data and pending payroll details for accurate backlog adjustments related to wages and benefits.
Tax/VAT Filing Documents
Copies of previous tax or VAT filings to address pending compliance tasks and ensure proper adjustments.
Backlog Accounting Services Procedure
The process of backlog accounting involves systematically addressing unprocessed financial tasks. The following steps outline how Stratify handles backlog accounting services
Identify the Backlog
We begin by reviewing financial statements and invoices to assess the incomplete tasks that need attention
Prioritize the Backlog
Once identified, tasks are prioritized based on their urgency and impact on the company’s financial health
Allocate Resources
We assign the appropriate resources, whether through additional staff, reassigning employees, or outsourcing specific tasks
Develop a Plan
A comprehensive plan is created, including timelines and performance milestones, which is communicated to stakeholders
Execute the Plan
The plan is carried out with efficiency, ensuring that the team is well-trained and progress is regularly monitored
Monitor Updates
Ongoing monitoring ensures the plan stays on track, with adjustments made as needed to timelines or resource allocation
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Our Other Accounting and Outsourcing Services
Accounting & Bookkeeping Services
Our Services
Stratify Corporate services is an independent and international organisation with a specialization in crafting sustainable solutions and strategies
Value Added Tax
Ensure full compliance with UAE’s Value Added Tax regulations through tailored advisory, registration, filing, and VAT health check services.
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Corporate Tax
Navigate UAE’s corporate tax landscape with strategic tax planning, filing, and compliance support to optimize your tax position.
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Excise Tax
We assist businesses in understanding and complying with excise tax regulations, including registration, filing, and audit preparation.
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Accounting Outsourcing
Streamline your financial operations by outsourcing your accounting needs, from bookkeeping to financial reporting, for efficient management.
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Customs
Simplify import-export procedures and ensure compliance with UAE Customs regulations through advisory, registration, and customs reconciliation services.
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Company Formation
Start your business in the UAE with expert guidance on company incorporation, licensing, and compliance with local regulations.
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Audit & Assurance
Our audit and assurance services provide reliable financial insights, ensuring transparency and compliance with regulatory requirements.
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Economic Substance
Anti-Money Laundering
Protect your business by staying compliant with UAE’s AML regulations, with risk assessments, monitoring, and reporting solutions.
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Frequently Asked Questions
How much do accounting services cost in Dubai?
The cost of accounting services in Dubai varies depending on the complexity of the business and the required services. Prices typically range from AED 250 to AED 2,500 per month.
How is accounting done in the UAE?
Businesses in the UAE follow the International Financial Reporting Standards (IFRS). All transactions must be recorded and adjusted according to IFRS to produce accurate financial statements
What is an accounting service company?
An accounting service company offers financial services such as bookkeeping, payroll, tax planning, and preparation. They also provide financial guidance to help businesses make informed decisions
What is backlog in business?
In business, a backlog refers to a collection of tasks, such as unfulfilled sales orders or pending financial documents, that need to be completed
What is an account backlog?
An account backlog refers to unearned revenue or incomplete financial transactions, representing potential future income for a company.
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Don’t let Accounting become a burden. Contact Stratify today for a free consultation. We’ll guide you through the process and ensure your business is fully compliant
