Accounting Services In Dubai
Our accounting services in Dubai provide the expert financial backbone your business needs to thrive in the UAE. Led by a dedicated team of certified Chartered Accountants and tax consultants, we offer a strategic partnership that goes beyond just balancing the books. We meticulously manage your financial reporting in line with IFRS standards, handle payroll, and ensure full compliance with UAE VAT Law.
From startups needing small business accounting support to large corporations requiring complex solutions, we deliver clarity and precision. Our goal is to give you complete peace of mind and actionable insights, freeing you to focus on your core operations with confidence.
Detailed Benefits of Accounting Services In Dubai
Tax Efficiency
Compliance
Fianancial Insights
Cost Savings
Accounting Process in UAE
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1) Accrual basis (recommended): Revenues & expenses recorded when earned/incurred.
2) Cash basis (only for very small businesses): Revenues & expenses recorded when money changes hands.
3) Notes: UAE Corporate Tax Law requires maintaining proper books under the accrual basis. -
Create categories/ Chart of accounts to track all your financial activities. Typical accounts include:
1) Revenue (sales, services)
2) Cost of goods sold (COGS)
3) Expenses (rent, utilities, salaries, marketing)
4) Assets (cash, inventory, receivables)
5) Liabilities (payables, loans)
6) Equity (owner’s capital, retained earnings) -
Daily/weekly entries:
1) Sales invoices
2) Purchase bills
3) Bank transactions
4) Petty cash expenses
5) Payroll and WPS payments
6) VAT invoices (if registered)
Keep original receipts and supporting documents for at least 5 years (as per FTA rules).
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Match your company’s bank statements with your books monthly. This ensures:
1) No missing transactions
2) No duplicate entries
3) Detects fraud or errors -
1) Track unpaid customer invoices (AR)
2) Monitor bills and due dates (AP)
3) Send payment reminders or process supplier payments -
1) Profit & Loss Statement (P&L)
2) Balance Sheet
3) Trial Balance" -
1) File VAT returns every quarter or month on the FTA portal.
2) Collect and remit 5% VAT on taxable sales.
3) Claim Input VAT on eligible purchases.
4) Maintain a VAT Audit File and Tax Invoices. -
1) Maintain audited financial statements if revenue exceeds AED 50 million.
2) Prepare for corporate tax filing (due 9 months after year-end).
3) Calculate taxable income, apply 9% corporate tax (after AED 375,000 threshold).
Sales-Related Documents (Income)
- Tax Invoices issued to clients
- Sales Receipts (from POS or cash register)
- Credit / Debit Notes for adjustments
- Delivery & Goods Dispatch Notes
- Sales Contracts & Agreements
Purchase & Expense Documents
- Invoices & Bills from your suppliers
- Receipts for all business expenses
- Utility Bills (DEWA, etc.)
- Office Rent Contracts
- Petty Cash Vouchers
Bank & Financial Statements
- Monthly Statements for all company bank accounts
- Company Credit Card Statements
- Loan & Financing Agreements
- Chequebook copies
Payroll & WPS Records Salary Slips
- Monthly Salary Slips for all staff
- Wages Protection System (WPS) payment records
- Employee Contracts
- Leave & Final Settlement calculations
VAT-Related Documents (if registered)
- VAT-Compliant Invoices (both sales & purchase)
- Import & Export documentation
- Records of any Zero-Rated or Exempt supplies
- Past VAT Filing submissions
Corporate Tax Documents (starting 2024)
- Audited or Final Financial Statements
- Fixed Asset Register
- Transfer Pricing documentation (if applicable)
- Previous tax-related correspondence
Asset Records (If applicable)
- A complete Fixed Asset Register
- Purchase Invoices for all major assets
- Warranty & Maintenance Records
- Vehicle Registration (Mulkiya)
Other Supporting Documents
- Valid Trade License copy
- Memorandum of Association (MOA)
- Shareholder Register
- Emirates ID & Passport of owners/partners
- Collect all the documents for the registration
- Provide all the details to exchange group. They will register our company for WPS payment in there portal. After that we can make the payments. The owner will get the userID and password in the email ID provided by them.
- Trade License Copy
- Owners Emirates ID copy
- Employee labor card
- Informations of owner: Email ID, Mobile Number, Address
- Select - BUSINESS/INDIVIDUAL
- Login AL ANSARI portal using email and Password
- Select company Name - Then submit
- Select - Salary processing
- SIF create
- SIF - Fill the year and month. Then select LIST EMPLOYEES or you can upload the SIF as well
- Fill the employee details and there salaries. Then press Next
- click - Submit for approval
- Write the reference number of the payment proof and the amount in the prescribed column and submit. The salary will be credited to each employee's account. (Notes: First, we need to transfer the salary amount with charges to the AL ANSARI account. That reference number we are using in the WPS salary payment)
Steps to Register an Accounting Firm with DED in Dubai
Launching your own accounting firm in Dubai is a significant step. Following the correct procedure with the Department of Economy and Development (DED) is crucial for a smooth and compliant setup. Here is our expert-guided, five-step process
Step 1: Choose Your Structure & Location
We start by helping you choose the right legal structure Mainland LLC or a Sole Proprietorship. Then, we find the ideal Dubai location for your firm, ensuring it’s perfectly set up for compliance and commercial success.
Step 2: Secure Trade Name & DED Approval
We manage the entire DED process for you, from reserving a unique and compliant trade name to submitting all required documents. Our goal is to secure your essential Initial Approval certificate without any delays.
Step 3: Obtain Your Professional License
A professional license is mandatory for offering accounting services. We manage the full application process, preparing and submitting all required paperwork to the DED to ensure you are legally authorized to operate your business.
Step 4: Meet Qualification Requirements
The DED requires key staff to hold recognized professional qualifications like ACCA, CPA, or CA. This ensures your firm meets the highest standards of expertise and builds immediate credibility in the market.
Step 5: Finalize Visas & Bank Account
Once licensed, we provide full assistance to get you operational. This includes processing all investor and employee visas and facilitating the opening of your corporate bank account with a leading UAE bank.
Frequently Asked Questions about Accounting Services In Dubai
Our accounting services in Dubai are a comprehensive suite of financial services designed to manage your company's financial health. This includes everything from fundamental bookkeeping services like transaction recording and payroll management, to high-level financial reporting (P&L, Balance Sheet), strategic tax planning, and full support for annual audits.
In the UAE's dynamic economic sector, professional accounting is vital for two main reasons: compliance and decision-making. It ensures you adhere strictly to regulations like the UAE VAT Law and the new Corporate Tax Law, avoiding heavy penalties from the FTA. Secondly, it provides accurate financial data, empowering you to make informed strategic decisions for sustainable growth.
Absolutely. Small business accounting in Dubai is one of our core specialties. While you focus on your core business activities, we handle the complex financial landscape. We provide scalable solutions, from setting up your chart of accounts to managing cash flow and ensuring your financial records are perfect, giving you access to professional expertise without the cost of a full-time in-house accountant.
Think of bookkeeping as the foundation and accounting as the entire structure. Bookkeeping services involve the daily recording of financial transactions—sales, purchases, payments. Accounting is a broader business service that uses this data to analyze, interpret, and report on your financial health, including tasks like tax planning and optimization and preparing audited financial statements.
The cost varies based on your needs. Factors include the volume of transactions, the complexity of your operations (e.g., Mainland vs. Free Zone company), and the specific services required (e.g., basic bookkeeping vs. comprehensive CFO services). We offer affordable bookkeeping services with transparent, customized packages tailored to your budget, ensuring you only pay for what you need.
Outsourcing offers significant advantages. You gain access to a full team of Chartered Accountants and tax consultants for a fraction of the cost of one in-house employee. It eliminates expenses like salaries, visas, and training. More importantly, it provides superior expertise in areas like IFRS standards and changing UAE tax laws, ensuring higher accuracy and compliance.
Our tax consultants in Dubai are fully versed in the UAE Corporate Tax Law. We help you from start to finish by assessing your taxable income, ensuring your financial records are compliant for tax calculations, structuring your business for optimal tax efficiency, and handling the final professional tax filing services with the FTA.
We utilize a range of modern, cloud-accounting software services like Zoho Books, QuickBooks, and Xero. This technology provides secure, real-time access to your financial data, enhances accuracy through automation, and facilitates seamless collaboration between your team and ours. We can also work with your existing systems.
To begin, we typically require your core legal documents (Trade License, MOA), bank statements, and access to your existing financial records. This includes sales invoices, purchase bills, and expense receipts. This initial set of tax documents and business records allows us to set up your account accurately from day one.
Yes. Our VAT registration Dubai service is a key part of our offering. We guide you through the entire process with the FTA, from determining if you meet the registration threshold to preparing and submitting all documentation. We also manage your quarterly VAT return filing to ensure it's accurate and submitted on time.
Our financial reporting services provide a complete overview of your business's performance. This core management accounting service includes preparing the three main financial statements: the Income Statement (P&L), the Balance Sheet, and the Cash Flow Statement. These reports are essential for both internal analysis and external audits.
Certainly. We specialize in "backlog accounting." Our team can meticulously work through months or even years of historical transactions, performing account reconciliation services to clean up and update your books. We'll get your financial records fully current and compliant with IFRS standards.
Our auditing services in Dubai are designed to make your annual audit a smooth, stress-free process. We prepare all necessary schedules and reports for the external auditors, ensure your books are perfectly reconciled, and act as the primary point of contact to answer their queries, ensuring a successful and efficient audit.
Data security is our top priority. We use secure, encrypted cloud-based platforms with strict access controls. Our internal policies and professional ethics as Chartered Accountants bind us to the highest standards of confidentiality, ensuring your sensitive financial information is always protected.
Choosing us means partnering with a firm that brings together expertise, technology, and a client-first approach. We are not just service providers; we are a strategic part of the Dubai business hub ecosystem. Our deep understanding of local and international standards (a key part of the GCC financial market), combined with our commitment to providing tailored, affordable accounting services, makes us the ideal partner for your business's financial success.