Maintaining books of accounts is crucial for companies operating in UAE to prove the compliance prevailing tax regulation in UAE. As per UAE tax regulations, books of accounts should be preserved for a minimum period of 5 years. Our goal is to provide efficient accounting service in Abu Dhabi at an extremely competitive price.
What is the benefit of maintaining proper books of accounts?
Recording day to day business transactions enables the stake holders to track the result of their operations. It provides an insight into the profitability of each line of product or services they offer, which will empower them to take right decisions at the right time Keeping up-to-date books of accounts enable the businesses to meet the requirements of regulations such as VAT, Corporate Taxation, Economic Substance Regulations. It will enable the business to file the required reports under these regulations on time to avoid the fines and penalties levied for non-compliance.
In some cases, auditing of accounts is mandatory in UAE. To fulfil this requirement, is it mandatory to maintain the books of accounts as per the International Financial Reporting Standards (IFRS).
How we can we meet your requirement?
Keeping your books up-to-date and staying updated with the industry’s accounting standards can be a very tiresome task. Our team specializes in providing comprehensive accounting solutions to entities from various industries including accounting software setup and implementation.
We will prepare your books of accounts by collating the required data and information, uploading the same to the accounting system, checking the quality of data imported by keeping proper controls and procedures in place and making reconciliations reports between independent sources of data.
This will enable us to prepare the financial statements as per standards required by the regulators in UAE.
Our range of Accounting Services include but not limited to:
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