Bookkeeping of Accounts and Liquidation of Companies

What Is Liquidation?

Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due. As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims. General partners are subject to liquidation. We provide liquidation services for all entities – limited liability companies, free zone companies and offshore companies across Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, and Sharjah. We also assist in the preparation of
  • Board resolution
  • Power of attorney
  • Audit report
  • Liquidator’s statement etc.
Which are mandatory documents required for liquidation. An alternative solution to exit from the liquidation formalities is to transfer the shares from liquidating company to a third party. We can arrange a third party who will purchase the liquidating Company and deal with all matters related. This will help the removal of the shares from the company for the shareholders and directors. Many investors prefer this solution since the liquidation proceedings are lengthy, time consuming and expensive.

Bookkeeping of Accounts

Bookkeeping and Accounting services are vital elements of an organization that helps in keeping track of your income and expenses. The right accountant or bookkeeper helps in the smooth running of your business, by making your financial statements as accurate as possible. Planning to do bookkeeping and accounting service in-house might adversely affect your organization, as you may not be able to give the care it demands. One might have hundreds of other things to take care of and as a result, you might end up making mistakes in financial records.   An outsourced finance department can significantly reduce your administrative burden and finance staff costs, which are the most common reasons, organizations, choose outsourcing bookkeeping and accounting services for business processes. This enables to improve company focus, assurance on continuity of service, and increase flexibility to respond to growing business requirements.   Tradex Chartered Accountant and Consultants is a chartered bookkeeping and Accounting services firm in Dubai UAE, that offers a variety of bookkeeping and accounting services across UAE and each service can be customized to meet your needs and comfort level.   Our technology-driven specialists work to understand the dynamics of your organization so that your specific accounting and bookkeeping needs are taken care of.   We provide management with information vital to the functioning of the business and ensure that you are fully compliant with regulatory requirements.   We also make it a point to review the accounts prepared by the client and recommend corrections to improve the reliability of financial information and internal control process.   Our Accounting and Bookkeeping services in UAE include:
  • Accounting & Book Keeping
  • Onsite Accounting
  • Receivables & Payables Management
  • Budgeting and Forecasting
  • Data Entry or Transaction Processing
  • Audit Support
  • Reconciliation Assignments
  • Management Reporting
  • Accounting Supervision
  • Sales Audit
  • Physical Verification & Tagging of Inventories/Fixed Assets
  • Agreed Upon Procedures

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