Accounting and bookkeeping services in Dubai

Accounting and financial reporting

We take on your bookkeeping and accounting in full. Each function is managed by a dedicated relationship accountant who knows your business.

• Monthly accounting and management reporting
• Accounting supervision and training
• Forecasts, budgets and projections
• Part-time, full-time and backlog accounting by experienced professional accountants
• Reporting evaluated and implemented under IFRS
• Simplified financial reports for senior management
• Accounting ERP customisation and training

Reconciliation services

We reconcile your accounts against the records they should agree with. Regular reconciliation keeps critical data accurate and reduces the chance of fraud or dispute. We work with small and medium-sized companies, corporates and multinationals.

• Bank statement reconciliation
• Supplier ledger and vendor payment reconciliation
• Customer ledger reconciliation
• Intercompany reconciliation

Accounting software solutions

A sound accounting system gives management the financial information it needs to make informed decisions. The system we recommend is customised to your business, built to absorb organic growth, and scalable for major expansion.

• Analysing your activities and suggesting the most suitable software
• Software selection and design
• System implementation
• Handing over the know-how to operate the software
• Staff training
• Periodic system reviews

We implement and support Xero, Zoho, Tally and QuickBooks.

Accounting supervision and management

If you already employ a full-time accountant for data entry, our relationship accountant visits at agreed intervals to review the work. At the end of each month or quarter you receive a review report with our findings.

• Books of account reviewed against supporting documents, with major observations raised to management
• Revenue recognition checked against accounting principles and your contracts
• Sales analysed by product category, team and other contributions
• Payments checked for proper documents and authorisation
• Accruals and month-end cut-off procedures checked
• Bank, customer, supplier and other major reconciliations confirmed as correct and on time
• Advances, prepayments and unearned income verified
• Financial statement, ratio, working capital and break-even analysis

Backlog accounting

Many companies, start-ups and SMEs especially, go a year or more without proper books of account. UAE law requires companies to keep them, so the gap has to be closed sooner or later.

We prepare the books from your date of incorporation, working from the original supporting documents: sales and purchase invoices, payment and receipt vouchers, petty cash expenses, bank statements, cheque counterfoils and bank transfer copies. Our accountant works at your office or brings the documents to ours, and the books are finalised periodically, normally each year.

• Balance sheet (statement of financial position)
• Profit and loss account (statement of comprehensive income)
• Cash flow statements
• Receivables and payables ageing lists
• Comparative reports on sales performance and expenses
• Financial ratio and working capital analysis
• Break-even point and margin of safety analysis

Inventory management

Inventory management covers ordering, storing, using and selling stock, from raw materials and components to finished products, along with warehousing and processing. We carry out stock counts for small to large enterprises, and can provide additional people to help with stock-taking at period end, year end or special events.

Fixed assets management

Fixed asset management is the tracking and maintenance of an organisation's physical assets, such as vehicles, computers, furniture and machinery. We help you classify assets and sub-assets by hierarchy and location, and keep track of them properly.