Accounting services in Dubai

Yes, cloud accounting is widely accepted and often preferred for efficiency.

Yes, we assist with selecting and setting up accounting systems tailored to your needs.

It’s recommended for better compliance and local regulation knowledge.

Not always, but financials are essential for tax, audit, and bank requirements.

Yes, companies are legally required to keep financial records for at least 5 years.

Product-based businesses need inventory accounting, while service firms focus on time-based billing and expense tracking.

Monthly reconciliation is best practice to catch errors, prevent fraud, and ensure cash flow accuracy.

Ideally monthly, to ensure compliance and better financial control.

Yes, even individual license holders must keep proper books, especially for tax and compliance purposes.

For many SMEs, outsourcing is more cost-effective and ensures expert handling.

Yes, many accounting firms handle payroll, WPS compliance, and employee records.

International Financial Reporting Standards (IFRS) are commonly used.

Mistakes include ignoring VAT, not tracking expenses, missing deadlines, and mixing business and personal finances.

Failure to keep accurate records can lead to penalties, compliance issues, and rejection of tax filings or bank audits.

Profit & Loss Statement, Balance Sheet, Cash Flow Statement, and Accounts Receivable/Payable aging reports.

Recording transactions, preparing ledgers, reconciling accounts, and generating reports.