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UAE accounting services.

From precise bookkeeping to timely statutory reporting, our accounting services keep you compliant, give you an accurate and transparent insight into your company’s financial well-being and improve business performance and profitability.

UAE accounting services

Reliable accounting services
that scale with your needs.

Flexible options

Tailor our services to fit your needs—monthly, quarterly, or yearly. Pay for the service that best suits your business.

Timely reminders

Our accountants will always update you on any upcoming due dates, eliminating any worry about missing a deadline.

Real-time access

Gain continuous access to your financial data and reports, empowering you with real-time financial insights and support.

Essential accounting services

Comprehensive accounting & statutory compliance services.

Preparing accounts in line with local corporate legislation is crucial for shareholders and directors to make informed decisions. This is a legal requirement in the UAE. 

UAE bookkeeping & statutory compliance

  • Bookkeeping & transaction processing

    Setting up your books and all required ledgers for your business our cloud-based accounting systems, and assisting in transitioning from legacy systems. Maintaining monthly bookkeeping based on approved payment vouchers, claim forms, bank statements, bank-in slips, bank credit advice, bank debit advice, and other accounting source information provided by your management. Establishing automatic bank account feeds and setting up all payments in bank transactions for client approval online.

    Monthly, quarterly or annually

  • Financial reporting/Management accounts

    Preparing and submitting monthly financial accounts, including the Trial Balance, Income Statement, Balance Sheet, and Bank Reconciliation. These documents are submitted for approval to both our local office and headquarters. Additionally, if needed, we can provide bank signatories.

    Monthly, quarterly or semi-annually

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Accounting compliance reporting

  • Year-end financial statement

    Preparing and presenting year-end financial statements for businesses, involving the compilation of essential financial documents and summaries. This process offers a comprehensive overview of the company’s financial performance and position at the end of the fiscal year.

    Annually

  • Audit assistance

    Facilitating audit processes by coordinating communication and information exchange between the client and auditors. Ensuring a smooth and efficient audit experience through the provision of necessary documentation and support.

    Annually

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Why Acclime?

Your strategic partner for efficient and expert accounting solutions.

On-time and error-free

Let our specialised team of certified accountants manage your accounts. We ensure that our work is delivered on time and without costly mistakes.

Experienced accountants

We have a clear understanding of the local laws and regulations and can confidently guide you through setting up the right accounting structure and maintenance for your business.

Regional specialists

Our active presence in many global offshore jurisdictions and onshore markets in Asia-Pacific can help your business expand to other important regional markets.

FAQ

Common questions & answers.

Is accounting mandatory in the UAE?

Yes, accounting is mandatory for companies operating in the UAE. Businesses are required to maintain accurate financial records and comply with accounting standards set by the UAE authorities.

Do the accounts need to be in any specific format?

The Ministerial Decision No. 114 of 2023 specifies that the only Accounting Standards accepted in the UAE for corporate tax purposes are the International Financial Reporting Standards (IFRS) and the International Financial Reporting Standard for small and medium-sized entities (IFRS for SMEs).

Do accounts need to be audited?

In the UAE mainland and most free zones, auditing companies’ financial statements and books of accounts is mandatory. Companies must appoint licensed auditors to do so. The authorities penalise companies that do not present audit reports.

Now, the tax system in the UAE is becoming more active, and companies are finding it necessary to maintain their accounting records and audits. This gives the company better insights into which areas of the company require more attention and how they can be handled in the future.

What is the accounting date for the UAE companies?

The accounting date, also known as the financial year-end for UAE companies, is typically determined by the company’s memorandum and articles of association. It can vary from one company to another and is usually set based on business needs and industry practices. The financial year-end date is crucial for preparing financial statements and tax filings in accordance with regulatory requirements.

Ready to get started?

Make running your UAE business more profitable with our flexible and reliable accounting services.

Rajiv Kumar Singh
Is Acclime right for you?

Schedule a free 30-minute discovery call to discuss setting up & operating your company in the UAE.

Rajiv Kumar Singh, Managing Director, Acclime Middle East