Financial Accuracy
Accurate Books. Clearer Business Decisions.
Delivering disciplined monthly general ledger maintenance, bank reconciliations, accounts payable and receivable governance, and IFRS-aligned financial reporting in Abu Dhabi.
Why Systematic Bookkeeping is Mandatory in the UAE
Under UAE Federal Tax Law and Commercial Companies Law, every registered entity is legally mandated to maintain accurate books of accounts for at least 5 years. With the introduction of UAE Corporate Tax, taxable income must be calculated from financial accounts prepared according to accepted accounting standards (IFRS or IFRS for SMEs). Informal or delayed bookkeeping exposes businesses to heavy FTA administrative fines and inaccurate tax declarations.
Our Comprehensive Bookkeeping Scope
· Monthly Ledger Maintenance
Posting day-to-day sales, purchases, payroll journals, and expenses.
Posting day-to-day sales, purchases, payroll journals, and expenses.
· Bank & Gateway Reconciliation
Cross-matching merchant balances, POS settlements, and multi-currency statements.
Cross-matching merchant balances, POS settlements, and multi-currency statements.
· Accounts Payable & Receivable
Aging analysis, vendor payment scheduling, and customer statement tracking.
Aging analysis, vendor payment scheduling, and customer statement tracking.
· Financial Statements & Year-End
Balance sheets, profit & loss, trial balances, and closing audit files.
Balance sheets, profit & loss, trial balances, and closing audit files.
Frequently Asked Questions
The UAE Corporate Tax Law specifies that financial statements must be prepared in accordance with International Financial Reporting Standards (IFRS). Entities with revenue not exceeding AED 50 million may apply IFRS for SMEs. Cash-basis accounting is permitted only for eligible small businesses with revenue below AED 3 million.