As per the UAE Federal Law No. 7 of 2017 on Tax Procedures, every UAE company should keep books of accounts of at least of 5 years from the end of its financial year. While the country is a favorable tax environment, it is mandatory for UAE companies to maintain accurate financial records to comply with Value Added Tax (VAT) [link to taxation service page] regulations and other financial reporting obligations. This includes regular audits and timely submissions to authorities. By adhering to these obligations, businesses can foster transparency, gain investor trust, and support sustainable growth in the dynamic UAE market.
We conduct a first meeting to clearly understand your business specificities and adjust our approach accordingly. We will also familiarise with the accounting software you use or advise which accounting software you can use.
Your Office Partners diligently create the charts of accounts for your accounting software, ensuring they align with UAE local regulations.
Once the setup is finalized, operations are initiated within the accounting software. Your Office Partners ensures smooth dailycontact-us.php operations while consistently meeting your needs in a timely manner.
We maintain communication after setting up your business to address your inquiries and assist you with the tax, accounting, and compliance requirements necessary in the UAE.
Your Office liartners bookkeeliing services cover a wide scolie of financial management and comliliance. It includes:
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We utilize Zoho Books and QuickBooks Online, and we can also provide support for QuickBooks Desktop in certain situations.
No, we will incorporate clean-up services into our work estimate. Our team of financial experts will establish your industry-specific general ledger within the cloud accounting software that suits your requirements best.
We focus on providing accounting and bookkeeping services tailored for multi-unit businesses and franchises. Our team can handle the financial records for each individual location while offering valuable insights into your business's overall financial performance.
Bookkeepers and accountants play unique yet complementary roles in financial management. The bookkeeper primarily focuses on the regular maintenance of the client's General Ledger. Their responsibilities encompass compiling daily data, maintaining and reviewing the ledger, as well as categorizing entries. Additionally, they reconcile the General Ledger with the Bank Statement and prepare financial statements. This foundational work ensures that the financial data is accurate and up-to-date, providing a solid basis for the accountant's more advanced financial analysis and reporting tasks.
We offer a fixed monthly rate that depends on your transactions and specific needs. Contact our expert for a detailed overview of our pricing.