Chartered Accountants in Abu Dhabi

Bestax records sales, purchases, expenses, payroll entries, bank movements and other transactions using a chart of accounts built around your business. We then reconcile the ledgers to bank statements and supporting systems so differences are found before they distort VAT, Corporate Tax or management reporting. You receive a clear month-end routine instead of a pile of entries at year end.

Management needs more than a profit number. Bestax prepares reports that show revenue, gross margin, operating costs, receivables, payables, cash position and balance-sheet movements so you can see what changed and why. At year end, we prepare the accounting records and financial-statement schedules needed for tax and audit work.

Corporate Tax compliance starts with the accounting records. The Federal Tax Authority requires Taxable Persons to keep records that support the information in the Corporate Tax return, including transaction, asset and liability records. Bestax keeps the ledger, schedules and supporting documents organised throughout the year so the tax team is not rebuilding the numbers at filing time.

VAT returns should tie back to the accounting system. We review VAT codes, sales invoices, credit notes, supplier invoices, import entries and adjustments so the VAT return has a clear trail back to the ledger. Where a transaction needs technical VAT advice, our accounting team can hand the reconciled records to the specialist team without making you explain the same issue from the beginning.

Payroll affects expenses, employee balances, accruals, gratuity calculations and cash planning. Bestax can keep payroll entries aligned with the accounting records and help management review salary costs by department or business unit. Where you want the salary process outsourced as well as the accounting entries, employee data, salary files and month-end postings follow one process.

If the accounts are months behind, we do not start with the current month and ignore the gap. Bestax agrees a catch-up period, collects the missing records, reconciles the bank and key ledgers, fixes opening balances and then moves the company onto a normal monthly close. This is useful before Corporate Tax filing, a VAT review, financing, due diligence or an external audit.

Software does not fix a weak accounting process by itself. We first map sales, purchases, approvals, payment methods, VAT treatment and reporting needs, then configure the chart of accounts and user workflow around those decisions. For businesses changing systems or growing beyond spreadsheets, Bestax can also support platform selection, migration and reporting setup.

An audit is faster when the accounting records already reconcile and the supporting schedules are complete. Bestax prepares lead schedules, bank reconciliations, receivable and payable listings, fixed-asset records and other year-end support before the audit starts. Under the UAE Commercial Companies Law, limited liability companies and joint-stock companies must have one or more auditors carry out an annual audit of their accounts.

ADGM has its own annual-accounts framework. The Registration Authority states that companies and LLPs generally file annual accounts, while the filing package and audit requirement depend on the entity type, size and activities. Bestax can help organise the accounting records, close the year and prepare the schedules needed for the relevant ADGM accounts process.

Once the books are accurate, the next question is what the numbers mean. Bestax can turn monthly accounting into budgets, rolling cash-flow forecasts, KPI packs, management dashboards and board-ready reporting. This works well for growing businesses that already have bookkeeping covered but need stronger financial planning, lender reporting or management support.