Supercharge your business with confidence and accuracy - Our Accounting and Bookkeeping services have you fully supported!

Accounting and Bookkeeping involve recording the financial transactions of a company or business. This process includes summarizing, maintaining, evaluating, and reporting financial transactions to regulatory bodies and tax authorities. Businesses must remain compliant with local government laws and avoid tax-related issues.

Why Do Businesses Need Accounting and Bookkeeping Services in the UAE?

When investors with little experience in the UAE start a business, they often choose to outsource their accounting and bookkeeping tasks to an external agency. That is because they want to focus more on their business growth rather than waste time in the complexities of accounting and bookkeeping that follows specific procedures and practices regardless of the type of business, which can be challenging for inexperienced investors in the Emirates. Therefore, hiring a qualified team of accounting professionals can make the process much easier for them to handle record-keeping, and financial analysis is critical not just for monitoring firm spending, but also for identifying new avenues of growth and allows the new business venture to focus on its business goals.

Key Benefits of Having Accounting and Bookkeeping Services in Dubai

·       Maintain transaction records

·       Understand the sales record

·       Legal Compliance

·       Compliance with rule of the land

·       Transparency in profit and loss

·       Accurate Use of funds

·       Deal with foreign currency transactions

·       Maintain proper cash flow

·       Prepare financial statements

·       Improved Financial Decisions

Bookkeeping

Our team of professional accountants will take care of your bookkeeping and efficiently remove your burden of recording and updating your daily business transactions and performing bank reconciliation.  According to UAE law, it is mandatory for all businesses to follow the rules and regulations set by the International Financing Reporting System (IFRS). Our bookkeeping services include data entry, recording and maintenance of daily transactions, accounts payable, receivable, etc.

Account Reconciliation

Our team ensures that the figures in your general ledger are up-to-date and correct and that your balances match. Our accounting experts ensure that your business records reconcile with all your bank statements, match your credit card payments with the statements issued by the bank, and match all the invoices paid directly from the bank with the recorded company's accounts book.

Financial Reporting

Our team ensures that our clients receive accurate financial information so that they can make accurate and informed decisions. We take care of all the data entry and update your accounts on regular basis according to your frequency of transactions. Our team will prepare your income statement, balance sheet, cash flow statement, and equity statement quarterly and annually for regular analysis of your financial performance.

Payroll Management

Your employees are the most valuable asset of your business, and the best way to keep them motivated and increase their productivity is to ensure that they are paid on time. Payroll management is more than just calculating the wages of employees. It can become complex if not handled properly as it involves many aspects such as employee benefits, appraisals, gratuity, bonuses, insurance, leaves, flight tickets, medical benefits, and much more. We will manage your company's monthly payroll with proper reports and pay slips.

Audit Support

All companies operating in Dubai and other emirates must maintain a clean and clear financial record. After the implementation of VAT and Corporate tax, it has become mandatory to maintain an accurate financial record from verified auditing services. Our expert team will help you complete the auditing process for your financial year and ensure that your records are maintained according to the International Financial Reporting Standards (IFRS).

How can WESETUPBUSINESS help you with Accounting and Bookkeeping?

At WeSetupBusiness, we understand the needs of our clients and provide comprehensive Accounting and Bookkeeping services in Dubai. Our team of experts will fully grasp your company's strategy and procedures, handling everything from accounting and bookkeeping to financial reporting, payroll, VAT reports, and audits. We take care of Sales Reports, Balance Sheets, Income Statements, Cash Flow Statements, Corporate Tax filing, Financial Reports, and more. With us taking care of these tasks, you can focus solely on growing your business, giving you peace of mind.