Accounting & Bookkeeping

For businesses that already have bookkeeping staff but need a senior review layer, we provide periodic oversight, sign-off on reconciliations, and coaching for in-house teams. This is particularly relevant for SMEs that have grown their finance function quickly and need to introduce controls and structured close processes without replacing existing staff. We flag errors before they compound and put in place the procedures that prevent them from recurring.

We provide comprehensive year-end audit readiness support to ensure a smooth and efficient statutory audit process. Our services include preparation of the annual financial statements in accordance with the applicable accounting standards, together with all supporting schedules, reconciliations, and working papers required for audit. We also provide end-to-end coordination with the statutory auditors, including responding to audit queries, preparing explanations, supporting documentation, and detailed workings, resolving audit observations, and facilitating timely completion of the audit. By identifying and addressing potential issues before the audit begins, we help minimize disruptions, improve audit efficiency, and ensure the books of account are fully prepared for a clean and timely audit sign-off.

Corporate Tax Law requires UAE businesses to maintain financial records that substantiate the positions taken in their corporate tax returns. The 9% rate applies to taxable income above AED 375,000 for financial years starting on or after 1 June 2023. Free zone entities can access the 0% qualifying income rate under the Qualifying Free Zone Person conditions, but only if their records demonstrate it. Transfer pricing documentation requirements apply to related-party transactions above applicable thresholds. We maintain your books with these obligations in mind from the outset, not as a separate exercise after the fact.

UAE VAT at 5% has been in force since 2018 under UAE VAT Law. Registration is mandatory once taxable supplies exceed AED 375,000, with voluntary registration available from AED 187,500. Return filing is quarterly or monthly depending on revenue. The accounting process needs to classify transactions correctly from the point of entry: zero-rated, exempt, standard-rated and out-of-scope supplies are treated differently, and errors compound over time. We build UAE VAT compliance into the bookkeeping process, not onto it.

Monthly or quarterly management accounts prepared in IFRS format, covering profit and loss, balance sheet, cash flow and variance analysis against budget. We tailor the reporting format to what your business actually uses: a board pack, an investor update or a consolidation submission to a parent company outside the UAE. Budgeting and forecasting support is available for businesses that need a planning framework built or refreshed.

Fixed asset register maintenance including additions, disposals, depreciation, physical tagging and periodic verification. Inventory reconciliation and reporting for trading and manufacturing businesses. Costing review for businesses where margin analysis matters. These are frequently undermanaged in UAE SMEs and among the first areas flagged in an external audit.

Accounts payable and receivable management, cash flow monitoring and basic treasury support. For businesses that need visibility over their cash position and working capital cycle, we set up the reporting structures and maintain them on an ongoing basis.