Accounting and Bookkeeping Services in Dubai
A simple solution to ease your accounting burden
Over 10,000 satisfied clients
- Ensure Legal Compliance
- Avoid Tax Penalties
- Achieve Business Growth
- Track Financial Performance
Overview
Why Outsource Accounting in Dubai?
Ensure Legal Compliance
Stay up-to-date and compliant with the ever-changing accounting and tax laws in the UAE.
Avoid Tax Penalties
Stay on top of your tax returns and avoid penalties due to inaccurate or late filing.
Achieve Business Growth
Get accurate financial projections and forecasts to help you set and achieve your goals.
Track Financial Performance
Have a clear picture of your business’s financial health with timely and accurate reports.
How it Works?
Step 1
Receive our quote
Step 2
Approve and make payment
Step 3
Let us manage your accounts and books
Our Accounting Services in Dubai
Bookkeeping Services
Without efficient bookkeeping, companies may fail to analyze the accurate financial records associated with the business. This results in ...
Corporate Tax Services
As your trusted tax consultants, we provide all-round advice on the UAE’s corporate tax laws. We assist your business with tax preparation, ...
VAT Services
Our accounting and bookkeeping company in Dubai offers you comprehensive assistance with all aspects related to Value Added Tax (VAT) in ...
Payroll Services
With our complete solution for payroll services in Dubai and across the UAE, you are assisted with all payroll-related activities of your ...
Financial Reporting
As the top accounting firm in Dubai, we offer you financial reporting services that include the preparation of statements, generation ...
Account Reconciliation
Our accountants assist you with account reconciliation and ensure the complete accuracy of your general ledger accounts. We help you uncover ...
Accounts Payable & Receivable
Our services for accounts payable and receivable assist you in keeping track of the payments to and from third parties. As part of our accounts ...
Audit Support
Our financial audit services involve examination of your financial statements and the related disclosures to help you gauge your company’s ...
Government Departments
We can help you with the processes in the following government departments.
Why Choose Us?
Save Recruitment Costs
When compared to handling your accounting requirements in-house, outsourcing your accounting and bookkeeping services in the UAE is a cost-effective option. Managing your accounts in-house would mean hiring full-time resources. This would translate into higher costs in the form of salaries, benefits, and other expenses.
Focus on Your Business
You surely would not like spending time handling your finances rather than focusing on the core aspects of your business. By outsourcing bookkeeping and accounting in Dubai, you will free up time to focus on something like creating business strategies to further scale your business.
Avail Accounting Expertise
With our accounting firm, you can be assured that your accounts are in reliable hands. As professional accountants and bookkeepers in Dubai, we have employed cutting-edge accounting practices and deliver accounting services in Dubai and all over the UAE as per the statutory and regulatory requirements.
Receive Additional Services
When you outsource your accounting and bookkeeping to us, you have the flexibility to acquire any additional accounting services if needed in the future. Since we are already familiar with your business, your additional accounting requirements can be easily taken care of by our experts.
Fantastically professional and would highly recommend this to anyone looking to take their business to new levels.
Pricing
With our accounting service packages, you can choose a plan that’s right for your business, regardless of its size, needs, or requirements. With our flexible pricing options, you have the benefit of choosing between monthly and annual plans.
Avoid heavy penalties due to sloppy accounting practices.
We assure you of compliance with the accounting and tax laws.
Get a QuoteYour Accounts Are in Safe Hands
And your peace of mind is guaranteed with us
UAE’s Accounting Policies
The UAE has adopted the IFRS (International Financial Reporting Standards) as accounting standards. These standards serve as basis for accounting and bookkeeping regulations in the UAE. IFRS lays down guidelines to present financial information in a transparent manner.
- As per IFRS, organisations in Dubai and elsewhere in UAE must maintain all financial statements and other records for a period of at least five (5) years. A five-year period is mandated for maintaining relevant financial records under the VAT laws whereas a seven-year period is stipulated in the corporate tax laws.
- The records may be maintained in an electronic format as per the federal laws.
- All annual accounts must be prepared as per IFRS guidelines so as to give precise information about the company’s profits and losses.
- All bank transactions must be backed by bank statements stating the amount and type of transaction along with other relevant details.
Frequently Asked Questions
Here are answers to some of the common questions related to accounting and bookkeeping in the UAE.
The UAE’s corporate tax regulations specify a duration of seven (7) years. As per the VAT laws in the UAE, a company’s relevant financial records must be maintained for at least five (5) years.
The following must be included within your company’s financial records:
• Income statements
• Balance sheet
• Cash flow statements
Failure to produce accounting records will result in a fine of AED 10,000. If the violation is committed again, an AED 50,000 fine will be imposed by the relevant authorities.
Mainland companies registered under the Commercial Companies Federal Law are required to have their financial accounts audited. Financial audits for free zone businesses may or may not be required, and this is subject to the free zone in which the business is based. Offshore businesses in the UAE must have audited financial records, but they are not obligated to submit them to the authorities.
Below mentioned are the five (5) main types of reconciliations:
• Bank reconciliation
• Customers reconciliation
• Vendor reconciliation
• Intercompany reconciliation
• Inventory reconciliation
Yes, InZone offers a host of accounting and tax services that can be accessed online. These include services such as registration, return filing, and deregistration for Corporate Tax and VAT.
Accounting services refer to the process of evaluating and processing the financial data about an entity. On the other hand, bookkeeping services mainly deal with recording and tracking financial transactions of a business.
International Financial Reporting Standards (IFRS) is the accepted accounting standard for Corporate Tax in the UAE.
InZone offers a wide range of accounting services including but not limited to preparation of COA (chart of accounts), income statements, balance sheets, and cashflow statements.
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