What is Backlog Accounting Services in UAE?

Backlog accounting refers to the process of recording all the missed or delayed financial transactions from the inception of the business till date. This is one of the necessary steps in the case of a business that has not been able to maintain consistent records since its early stages of operation. This backlog of accounts is useful in showing a clearer picture of the health of the company, which is indispensable for future decision-making and further growth of the business.

When businesses fail to record their income and expenses, they are likely to experience financial shocks that they may not have anticipated. However, updating and maintaining backlog accounts keeps the business in good standing and provides a foundation for future profitability.

Source : https://www.bmsauditing.co...