Top Rated Accounting and Bookkeeping Services in Dubai
For reliable and top-notch accounting and bookkeeping services in Dubai, UAE, turn to Company Setup Consultants. As a leading accounting firm, we boast a team of certified professional chartered accountants specializing in delivering exceptional services tailored to Dubai’s business landscape.
In today’s global business environment, managing accounting and bookkeeping has grown increasingly complex due to International Financial Reporting Standards. At Company Setup Consultants, we stay current with these standards to ensure accurate and streamlined financial reporting for your business needs.
Our comprehensive range of services covers every aspect of accountancy. We prioritize understanding your unique business needs and long-term goals to customize a package that precisely fits your requirements. With our dedicated expertise, trust us to handle your accounting and bookkeeping effectively and efficiently in Dubai, UAE.
Best Accounting and Bookkeeping Services in Dubai
We are a respected top-tier Accounting and Bookkeeping Services in Dubai, UAE. Our team includes seasoned auditors and business consultants dedicated to maintaining accurate financial statements and ensuring strict compliance with local regulations. Additionally, we excel as professional tax agents in Dubai, providing top-tier services.
Our comprehensive suite of offers spans the spectrum of financial management needs. From VAT consultancy to accounting, bookkeeping, internal auditing, and CFO services, we offer strategic support to optimize your operations. We also provide crucial assistance with business setup, planning, due diligence, feasibility studies, and tax strategy formulation, all aimed at minimizing tax liabilities and maximizing your revenue potential.
Our Services Including Accounting and Bookkeeping Services in Dubai
VAT Consultancy
Our experienced legal team is dedicated to handling all tax-related matters, including accurate calculations and timely payments. With their expertise, you can trust that your tax obligations will be meticulously taken care of, ensuring compliance with all legal requirements.
Tax Agent Services
Our team of professional tax agents is committed to keeping you informed and up-to-date with the latest tax regulations in Dubai. We understand that staying compliant with tax laws is crucial for the smooth operation of your business.
Accounting and Bookkeeping
At our firm, we provide a modern and professional approach to traditional bookkeeping practices and financial reporting. We understand that the business landscape is constantly evolving, and we strive to stay ahead of the curve by adopting innovative techniques and technologies.
Outsource Account Services
As meticulous experts, our primary goal is to assist you in finding the perfect individuals to fulfill the specific roles within your organization. We understand the critical importance of having the right people in the right positions to drive success and achieve your business objectives.
CFO Services
Our team of talented and experienced accountants is dedicated to providing top-notch accounting and CFO services in full compliance with internationally recognized standards. We understand the importance of accurate financial reporting and the impact it has on decision-making and overall business performance.
Audit Services
Our internal audit assurance services play a crucial role in helping you identify and mitigate risks effectively, enabling swift responses to any issues that may arise. We understand the importance of proactive risk management and strive to provide you with comprehensive insights to protect your business.
VAT Registration, Accounting and Bookkeeping Services in Dubai
Here is the range of Tax, VAT, Accounting, and related PRO services Company Setup Tax Consultants & Accounting Services LLC provides:
- Business Setup Consultation Services.
- Financial Reporting Services. (Statements of Financial Positions)
- VAT Return Registration Form Filing services.
- VAT Planning and Consultation Services.
- VAT Advisory Services.
- VAT Training Courses.
- VAT Implementation Services.
- VAT De-Registration Services.
- FTA Compliant Books of Accounts Bookkeeping Services.
- FTA Compliant Documentation Assistance Services.
*Cost and time frame are determined based on the number of monthly made transactions.
*Contact us for a customized package.
Tax Consultancy, Accounting and Bookkeeping Services in Dubai
Company Setup makes your life easier with Tax Consultants, Accounting and Bookkeeping Services in Dubai.
Our company facilitates you with the best and the most efficient chartered accountants and bookkeeping consultants located in the heart of Dubai. We are reputed as the best and the most preferable company in the entire UAE. Both small and large businesses in the UAE need to pay their VAT and Taxes properly or face serious penalties. We handle both of these for the business of any size all across the UAE. Our firms have consultants who keep track of the Federal Tax Authority regularly which enables them to know the latest updates immediately. We also try our best to find the best and the most appropriate procedures that would be cost-effective and help you get better refunds from the tax liabilities.
If you are looking for VAT registration or anything related Accounting and Bookkeeping Services in Dubai, we are always available to provide assistance and would also help in managing all the operations.
Accounting and Bookkeeping Services in Dubai, UAE
Every country in the world has its own accounting and bookkeeping standards which every business must follow. That is one of the challenges of opening a business in a new country. Initially, businessmen are unfamiliar with accounting procedures. However, you do not need to worry about that when starting out in the UAE. There are firms that provide pro Accounting and Bookkeeping services in Dubai, and Company Setup Consultancy is leading the pack.
Since accounting and bookkeeping in the UAE is a corporate law requirement, maintaining the correct formats and procedures is very important. This is because the government of the UAE does not have any federal tax on corporates and personal incomes. That is why the proper accounting structure is maintained by the corporate laws.
Your accounts should give a true and fair idea about the state of your company to your shareholders and potential investors with an interest in your business. That is why more and more authorities of various economic zones are incorporating audited financial statements as part of the license renewal requirements.
Here are our services for the monthly bookkeeping requirements of your company:
- Preparation of general journals, sales journals, and purchase journals.
- Preparation of accounts for receivables and payables.
- Preparation of account for all cash transactions.
- Preparation of accounts for all assets and their related depreciation accounts.
- Preparation of accounts for all accruals and prepayments.
Pro Preparation of Financial Statements Dubai
The most important part of the appropriate accounting standards is the financial statements of your company. These statements will contain all the information about the profitability, liquidity, and cash flow of your company. Shareholders and potential investors make many important decisions based on this information. That is why the timely preparation of these documents is also very important.
Our professionals are experts when it comes to meeting deadlines and providing spotless statements. Here are the statements that we will provide for your business:
- Trial Balance
- Income Statement
- Balance Sheet
- Petty Cash Report
- Bank Reconciliation Statement
- Any other statements that are specific to your business.
Even though we promise accurate and spotless work, remember that we will prepare these statements based on the information and explanations provided to us. Hence, the accuracy of the statements will depend on you as much as it will depend on us.
Why Choose Company Setup Consultants for Your Accounting and Bookkeeping Needs?
Bookkeeping involves gathering, recording, interpreting, organizing, analyzing, summarizing, and reporting all financial transactions of a business. At our accounting firm, our team of expert consultants specializes in providing comprehensive accounting and bookkeeping services with extensive knowledge of regional business practices and dynamics.
Since our inception, our dedicated team of highly qualified and certified accountants, finance professionals, and compliance specialists has been committed to assisting clients in Dubai. With decades of combined experience and technical expertise, we deliver top-quality bookkeeping and accounting services. Our goal is to help businesses of all sizes achieve their corporate objectives, effectively manage cash flow, and maintain financial stability.
Whether you need assistance with day-to-day bookkeeping tasks or strategic financial guidance, our team is equipped to meet your needs. We understand the importance of reliable financial information and strive to provide the highest quality services. Trust us to manage your finances so you can focus on other aspects of your business.
Business owners have a lot to manage, and we understand that. Company Setup provides everything needed for smooth office and business operations, saving you time and money. We also protect you from potential penalties and obstacles that might hinder your business. Hiring a full-time accounting team can be costly, but our professionals offer part-time services at a lower fee. Contact us today and let us take care of your accounting and bookkeeping needs.
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FAQs Related to Accounting and Bookkeeping Services in Dubai
The average cost of accounting services in Dubai varies widely depending on several factors such as the size and complexity of the organization, the type and scope of services required, and the financial turnover of the company. For instance, basic bookkeeping services can cost between AED 1,000 to AED 5,000 per month, while audit services typically start at AED 5,000 for small companies and can go up to AED 30,000 or more for larger corporations
Bookkeeping services involve recording financial transactions, maintaining accurate financial records, and ensuring that all financial data is organized and up-to-date. Tasks include managing invoices, tracking expenses, and reconciling bank statements.
Accounting services, on the other hand, encompass a broader scope. They include interpreting and analyzing financial data, preparing financial statements, and offering strategic financial advice. Accountants often handle tasks such as tax preparation, financial forecasting, and auditing. In essence, bookkeeping is about maintaining the records, while accounting is about interpreting and using those records for decision-making and compliance purposes.
No, you do not necessarily need an accountant for bookkeeping. Bookkeeping can be handled by a bookkeeper who is skilled in recording and organizing financial transactions. While accountants are qualified to perform bookkeeping tasks, their expertise is typically utilized for more complex financial analysis, strategic planning, and compliance. For everyday financial record-keeping, a bookkeeper is sufficient. However, having an accountant can be beneficial for more advanced financial needs and ensuring the accuracy and completeness of financial records.
In bookkeeping, there are four main things you do:
- Look at financial transactions and sort them into categories.
- Write down these transactions in a journal, making sure to record the money coming in and going out of the right categories.
- Put these journal entries into ledger accounts.
- Make any necessary changes or updates to the accounts at the end of each accounting period.
In the UAE, accounting follows internationally recognized standards, specifically the International Financial Reporting Standards (IFRS). Companies maintain accurate financial records, prepare financial statements, and comply with local regulations. Key elements include:
- Recording Transactions: Businesses record all financial transactions, such as sales, purchases, and expenses.
- Financial Statements: Preparing essential financial reports like the balance sheet, income statement, and cash flow statement.
- Compliance: Ensuring adherence to UAE-specific regulations, such as VAT reporting and filing.
- Auditing: Many companies undergo regular audits to verify the accuracy and integrity of their financial records.
Professional accountants and accounting firms provide these services, helping businesses maintain compliance and make informed financial decisions.
