Office 804, Park Lane Tower, Business  Bay Dubai, UAE

Accounting and Bookkeeping Services In Dubai

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Accounting and Bookkeeping Services In Dubai

Accounting and bookkeeping services play a significant role in each industry for recording financial transactions, payrolls, taxes, invoices, and more. There is a very slight difference between bookkeeping and accounting services but both have a common purpose to grow the financial cycle in different stages.

This day-to-day reporting helps to manage revenue and expenses in a cost-effective way. But it has become complicated to perfectly implement International Financial Reporting Standards (IFRS) by ordinary bookkeepers. The solution is to outsource these expert services to achieve your long-term goals. Bestax Chartered Accountant is counted as one of the leading bookkeeping and accounting firms in Dubai, a team of highly qualified financial advisors that assist you to handle complex projects.

Mandatory Laws Of Bookkeeping And Accounting In UAE

In the United Arab Emirates, regulatory compliance is increasing with each passing day and no business owner wants to bear the hefty amount of penalties due to violation of the law. According to the UAE Commercial Companies Law, each small or big enterprise in Dubai should follow the requirements of IFRS and IAS to perfectly manage their financial transactions. Also, it’s mandatory for businesses to keep an appropriate record of accounts for at least 5 years by the end of the financial year. It is required by the Federal Tax Authority and other government authorities as well.

That’s why companies need expert accounting and bookkeeping services in Dubai that provide guidance to follow the local and international laws and also save them from administrative penalties. Spending on accounting and bookkeeping services is an investment that pays off in the years to come.

Types Of Accounting Services We Provide

Onsite Accounting

If you want all bookkeeping services in front of your eye, our representative is physically present in your working space and handles all financial transactions.

Off-Site Accounting (Secondment)

Bestax chartered accountants oversee daily transactions of your business accounts and supervise teams to achieve financial goals. Depending on your business requirements and the number of transactions, our qualified chartered accountants may visit your office on a daily, weekly, or monthly basis to verify, observe errors and perform the required rectifications.

Accounting Supervision

Bestax chartered accountants oversee daily transactions of your business accounts and supervise teams to achieve financial goals. Depending on your business requirements and the number of transactions, our qualified chartered accountants may visit your office on a daily, weekly, or monthly basis to verify, observe errors and perform the required rectifications.

Bank Reconciliation

Bank reconciliation is a process of matching original bank statements balances with accounting records maintained. The purpose of this process is to identify the differences and make the appropriate changes in accounting records to arrive at an agreed balance between actual bank statements and cash in accounting records. Our dedicated team of qualified chartered accountants also provides bank reconciliation services in the UAE.

Working Flow Of Our Bookkeeping And Accounting Services

1) Understanding Your Business

In this first step, we understand your business cycle, recognize loopholes in existing accounting activities and get to know your financial aims. After a thorough understanding of your business and financial cycle, we shortlist a few accounting software that matches your budget and requirement.

2) Planning & Feasibility Proposal

The panel of professionals does a feasibility study before proceeding with a tailored proposal to meet your customized requirements. Our experts make sure that you get the maximum output with our cost-effective solutions.

Implementing Software & Do Bookkeeping

After mutual consent and approval of the final proposal, we implement the required accounting software with customized charts of accounts and start processing your financial transactions to accomplish your accounting and bookkeeping tasks.

Why Should You Select Bestaxca For Bookkeeping In Dubai?

Competitive Prices

We offer you the best accounting and bookkeeping services in Dubai under minimal charges but never compromise on the quality of services.

Best Accounting Software

After understanding the working cycle, our certified advisory implements modern software following your budget and business needs.

Guaranteed Outcome

Our team of qualified chartered accountants includes top  ACCA, CA, CPA, and other IFAC body members that are highly committed to legitimate your financial accounts by providing crystal clear outcomes.

Quick & Accurate

Bestax Chartered Accountants promise quick response, at least in one working day or less. Also, provide you with fair and top-notch consultancy according to your business type in UAE.

Regular Financial Reporting

To keep you updated with your financial health, we provide weekly, monthly, quarterly, and annual financial reports according to the business type and requirements.

 Every business owner needs someone they trust to help manage their finances. You may decide to hire an accountant, bookkeeper, or use accounting software to keep track of your income and expenses.

It is always advisable to outsource your accounting as outsourcing saves you up to 90% cost compared to an in-house accountant. Even if you have your own accountant, getting 3rd Party accounting supervision helps 

An accountant is someone who helps manage your finances. A bookkeeper is someone who keeps track of your income and expenses.

With the introduction of Corporate Tax, you are required to prepare your accounting records as per IFRS and IAS. Also, IFRS may give you a competitive advantage if you are looking to expand internationally.

A: Some common challenges with IFRS implementation include:

- figuring out which standards to apply

- training employees on the new standards

- converting financial data to the new standards

- dealing with different interpretations of the standards.

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OUR Testimonials

Our latest Testimonials

However, I was the head of the finance department yet still found it difficult to conduct a financial audit in accordance with UAE regulations. Although, due to the competence and experience of BextaxCA's qualified auditors, all my concerns have been resolved

ylie Johnson

Accounts Manager, Abu Dhabi, General Trading Company

I utilized BestaxCA's accounting and bookkeeping services for my retail business in Abu Dhabi. It was fascinating to observe how they handled the finances. They provided me with out-of-the-box accounting solutions, which were really useful

Abdul Kaleem

Finance Manager, Dubai, Manufacturing Company

As per FTA requirements, the Bestax Chartered Accountants in UAE assisted me with VAT registration and filing. I personally consult with their tax experts to ensure they have the expertise necessary to provide timely answers

Abdul Kaleem

Finance Manager, Dubai, Manufacturing Company

I was so happy with the BextaxCA's services that I decided to use them for my personal tax planning and return filing. They really know their stuff when it comes to taxes!

Dwayne Perkins

Accounts Manager, Dubai, Services Provider

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Free 30 Days Trial

 We provide a free 30 days trial, No upfront payment! If you are not satisfied with our services, you don’t pay anything

Free 30 Days Trial

 We provide a free 30 days trial, No upfront payment! If you are not satisfied with our services, you don’t pay anything