Accounting & Bookkeeping Services

Accounting and Bookkeeping is an important part of every business in Dubai, ensuring all financial transactions are accurately recorded and maintained. For businesses, especially those in compliance-heavy sectors, keeping up with evolving financial regulations such as International Financial Reporting Standards (IFRS) can be challenging. That is why companies across the region are turning to outsourced accounting services in UAE to enhance accuracy, improve efficiency, and ensure long-term compliance.

Bestax stands out among leading accounting firms in Dubai, offering reliable bookkeeping services across the UAE. Backed by a team of FTA-approved agents in Dubai and financial experts, we provide professional solutions that support businesses of all sizes. From startups to established companies seeking trusted bookkeeping and accounting services in Dubai, Bestax is the best choice in UAE.

Accounting & Bookkeeping Are Mandatory Laws in The UAE

In UAE, keeping proper financial records is not optional, it is required by law. Every business, either small or large, must follow the accounting rules set by UAE government. According to Federal Law No. 2 of 2015 on Commercial Companies, all companies in the UAE must maintain accurate accounting records for at least five years. This law applies to businesses in both the Mainland UAE and Free Zones.

The new UAE Corporate Tax Law, which started in June 2023, also requires companies to keep detailed records of their income, expenses, contracts, and tax filings. These records must be kept for five to seven years, depending on the type of document. This is clearly explained in Cabinet Decision No. 74 of 2023.

Businesses that are registered for VAT must also follow the rules of the Federal Tax Authority (FTA). They must keep all VAT invoices, tax returns, and related documents for five years, as stated in Federal Law No. 28 of 2022 on Tax Procedures.

In addition, companies must prepare yearly financial statements in line with International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). These statements must be audited and submitted to the authorities when required.

Failure to follow these rules can result in heavy penalties, business delays, or legal action. That’s why working with trusted accounting firms in Dubai, like Bestax, helps your business stay compliant and secure. We provide bookkeeping services in Dubai, VAT filing and compliance, financial statement preparation, and audit support services to help you meet all legal requirements.

The Types Of Accounting Services We Provide

Onsite Accounting

If you want all your accounting services done in front of your eyes, our representative is physically present in your workspace and handles all your financial transactions.

Off-Site Accounting ( on Secondment)

Bestax chartered accountants is one of the best accounting companies in Dubai, overseeing the day-to-day accounting operations of your business and supervising teams to meet financial targets. Depending on your business requirements and the number of transactions, our qualified accountants may visit your office on a daily, weekly or monthly basis to check, spot errors, and make any necessary corrections.

Accounting Supervision

Bestax chartered accountants oversee your company’s day-to-day accounting transactions and monitor teams to meet financial targets. Depending on your business requirements and the number of transactions, our qualified chartered accountants may visit your office daily, weekly, or monthly to check, spot errors and make any necessary corrections.

Bank Reconciliation

Bank reconciliation is the process of comparing the balances of the original bank statements with the accounting records maintained. The objective of this process is to identify differences and make appropriate adjustments to the accounting records to achieve a reconciled balance between the actual bank statements and the cash in the accounting records. Our dedicated team of qualified chartered accountants also provide bank reconciliation services in the UAE.

Our Bookkeeping Services in Dubai Workflow:

1) Understanding Your Business

In this first stage, we understand your business cycle, identify gaps in your existing accounting operations and become familiar with your financial objectives. After a thorough understanding of your business and financial cycle, we select a few accounting programs that fit your budget and requirements.

2) Planning And Feasibility Proposal

A team of professionals performs a feasibility study before preparing a tailored proposal that meets your individual requirements. Our experts make sure that you get maximum results with our cost-effective solutions.

Software Implementation & Bookkeeping

After mutual agreement and approval of the final proposal, we implement the necessary accounting software with a customized chart of accounts and start processing your financial transactions to fulfil your accounting and bookkeeping tasks.

How Do Accounting And Bookkeeping help With Your Cash Flow Statements?

Accounting and bookkeeping services in UAE play a major role in tracking the money coming in and going out of your business. A professional bookkeeper uses reliable record-keeping systems and accounting software to record every transaction, check account balances, and ensure that payments are accurate. This reduces manual errors and saves time.

Also, Check: Expert Accounting Software Services

With the help of bookkeeping services in Dubai, your business can generate the three main financial reports, profit and loss statement, balance sheet, and cash flow statement. The cash flow statement shows how much cash is available and how much is needed to cover expenses. It helps you understand whether your business can meet its financial obligations.

Bookkeepers also maintain your Chart of Accounts, General Ledger, and journal entries, keeping everything organized and up to date. This allows your accountant to review financial data quickly and prepare for tax filing, audits, or budgeting.

At Bestax, our team uses platforms like QuickBooks, Zoho, and Xero UAE to provide accurate and efficient online accounting services UAE, giving you a clear view of your business’s financial health.

Choose Bestax for Expert Accounting & Bookkeeping Services

Bestax is one of the leading accounting firms in Dubai, trusted by businesses across the UAE for reliable and compliant financial services. Here’s what sets us apart:

Affordable Pricing: Transparent, cost effective rates for high-quality bookkeeping and accounting services in Dubai.

FTA-Approved Team: Qualified chartered accountants in Dubai with strong knowledge of IFRS, VAT, and UAE tax laws.

Legal Compliance: We ensure your business complies with the latest UAE Commercial Companies Law, FTA rules, and Corporate Tax regulations.

Tailored Services: From small business accounting UAE to enterprise support, we offer flexible Dubai bookkeeping packages to fit your needs.

Modern Tools: We use QuickBooks, Zoho, and Xero UAE for secure, cloud-based accounting and real-time access.

Partner with Bestax for expert-driven, compliant, and cost-effective accounting solutions,trusted by businesses across the UAE for over 10 years to manage their finances with confidence.

Frequently Asked Questions