Accounting Services in Dubai
Updated on Thursday 07th December 2017
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Dubai is one of the most attractive business destinations, as the United Arab Emirates (UAE) authorities have created a business environment which addresses the most competitive industries in the world. Foreign investors interested in opening a company in Dubai should know that it is advisable to hire an accounting firm in Dubai, which can offer accounting and auditing services in accordance with the Dubai legislation.
Why choose our accounting services in Dubai?
Our accountants in Dubai provide their services to both local and foreign companies set up in Dubai. If you choose the accounting services offered by our local accountants, you will benefit from various advantages, such as: the knowledge on the applicable legislation in the Middle East, reports delivered on time, which are performed in an ethical and professional manner. Our accounting firm in Dubai will tailor its services in accordance with the needs of our clients. The accountants will offer you a wide range of services, varying from accounting and bookkeeping, to payroll or management accounting.
Bookkeeping services in Dubai
Any company with operations in Dubai should record all its transactions, regardless of their destination. Bookkeeping refers to the daily recording of the financial transactions of the company, which have to be backed up by a certain document describing the destination of the transaction (such as sales invoice, receipt, bank payments). Our accountants will use their expertise in the following:
• management reporting;
• the preparation of the financial statements;
• assistance in the audit procedure.
For a better understanding of the accounting services we can offer for companies in Dubai, we invite you to watch the video below:
The annual financial statements in Dubai
Our accountants can offer you services related to the annual financial statements which respect the International Financial Reporting Standards (IFRS). The Dubai accountants can also offer accounting services related to payroll or receivable and payable documentation. Our accountants have the expertise necessary for performing internal or external audits. At your request, we can also provide financial projections for your business.
Audits in Dubai
Companies registered in the UAE and with operations in varied fields are imposed to perform audits, important procedures which reveal the correct financial situation of a firm. These are also known as financial statement audits or in other words, the legal method of verifying the financial information through related documents in a business. Please bear in mind that our team of accountants and auditors can perform varied audits in Dubai, whether a small, medium or large company is involved and will focus on transparency between the owners and the directors of the firm. With this kind of method, the managers can find out if there are weak points or management risks in the running business.
Payroll services for companies in Dubai
In the UAE, in 2009, the financial authorities have successfully implemented the Wage Protection System which represents the suitable documented payroll process. This involves the electronic payment system with the help of financial institutions in the UAE, under complete supervision of the Central Bank. All companies in Dubai must operate the payroll through the Wage Protection System, in order to avoid possible penalties. This system can be entirely explained and implemented in a company with the proper support offered by our Dubai accountants.
If you need further information on the accounting services provided here, please contact our team of accountants in Dubai.