What Is Backlog Accounting and Why Is It Crucial for Businesses in Dubai?
Backlog accounting refers to the process of recording financial transactions that were missed or not captured during previous accounting periods. This often includes overdue invoices, expenses, tax filings, bank reconciliations, and other financial data that were delayed or overlooked.
For businesses in Dubai—especially SMEs and startups—backlog accounting is essential for maintaining compliance with UAE tax laws and ensuring accurate financial records. Rapid business growth, limited internal resources, or a shortage of accounting expertise often cause delays in bookkeeping, which can lead to significant risks if left unaddressed.
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