Professional Accounting Services in Abu Dhabi
Are you seeking reliable accounting services in Abu Dhabi? As a leading financial services firm in Abu Dhabi, Oncount delivers structured, compliant, and scalable accounting services tailored specifically for businesses operating here. Our professional accountants ensure your financial records remain accurate and current, helping you streamline operations while maintaining full compliance with Abu Dhabi financial regulations.
MAUREEN ZEHRING
Understanding the Difference Between Accounting and Bookkeeping Services in Abu Dhabi
While often confused, accounting and bookkeeping services in Abu Dhabi serve distinct yet complementary purposes. Bookkeeping involves the accurate, chronological recording of financial transactions, maintaining updated ledgers, and organizing transaction records. Accounting encompasses the interpretation of those records, preparation of financial statements, tax compliance, and strategic advisory services.
FTA guidance stipulates that all taxable persons must retain original transaction records for at least five years. Bookkeeping service providers ensure this base is reliably maintained; accounting firms use it to generate tax returns, audit reports, and management reports. These services are essential for audit preparedness, financial transparency, and strategic growth planning in both mainland and free zone companies in Abu Dhabi.
FTA guidance stipulates that all taxable persons must retain original transaction records for at least five years. Bookkeeping service providers ensure this base is reliably maintained; accounting firms use it to generate tax returns, audit reports, and management reports. These services are essential for audit preparedness, financial transparency, and strategic growth planning in both mainland and free zone companies in Abu Dhabi.
Comprehensive Accounting Solutions
Oncount's accounting solutions are designed to ensure full compliance with UAE legislation while supporting operational efficiency. Our accounting and bookkeeping firm provides services mapped to the requirements of:
- UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022)
- UAE VAT Law (Federal Decree-Law No. 8 of 2017)
- Cabinet Decision No. 10 of 2019 on Administrative Penalties for Tax Violations
Core Accounting Services
Our professional accounting services in Abu Dhabi are structured to ensure full compliance with UAE business regulations, supporting both operational accuracy and tax compliance transparency. We offer foundational services vital for any business:
- Transaction Recording with IFRS chart of accounts
- VAT Filing, periodic return filing, and record matching (FTA portal integration)
- Corporate Tax Calculation and filing based on taxable income rules
- Monthly financial reports, transaction ledgers, and financial statements
- Accounts reconciliation and ledger management
Compliance Support Services
These consultancy services help businesses maintain regulatory alignment while protecting against financial penalties and compliance risks. Professional accounting support is vital for navigating these areas effectively within the Abu Dhabi business landscape:
- VAT Registration with EmaraTax setup via FTA's EmaraTax portal
- Corporate Tax Registration for designated taxable persons
- Financial data review for red flags and AML/UBO reports, reporting in line with AML Law regulations
Our accounting company in Abu Dhabi offers services designed to recover historical compliance, restore reporting accuracy, and prepare businesses for regulatory audits. Accurate historical accounting data is a prerequisite for successful audits conducted by regulatory bodies. Our team assists with complex cases:
- Reconstruction of missing or delayed financial records
- Support for late tax registration and voluntary disclosures
- Documentation compilation for FTA audit queries and tax compliance reviews
- Creating and maintaining transaction data for previous periods
Remedial & Audit Support
Business Setup and Corporate Support Services
In addition to accounting, Oncount supports the full corporate lifecycle in Abu Dhabi, from company formation to regulatory upkeep, making us one of the best accounting and bookkeeping firms in the region. Our integrated approach simplifies starting and managing your business here.
- Business registration in mainland jurisdictions (DED) and major Free Zones (ADGM, KIZAD, Masdar City)
- Assistance with UAE corporate bank account setup, KYC preparation, and compliance documentation
Company Formation & Banking
- Trade license renewal reminders and coordination
- EmaraTax registration for Trade License validation
- Ongoing support with ESR declarations and UBO notifications
License & Regulatory Maintenance
with an ONCOUNT Accounting Assistant
Legal Accounting Requirements in Abu Dhabi: Why Accurate Accounting is Crucial for Businesses
All businesses in Abu Dhabi must maintain compliant financial records, regardless of size or legal structure. As per the UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022), records must reflect a true and fair view of financial position and performance. Services such as structured accounting, tax filing, and financial reports preparation ensure businesses meet these legal obligations consistently and accurately. Relying on professional accounting services mitigates the risk of non-compliance.
Applicable Laws & Resolutions
Applicable Laws & Resolutions
Abu Dhabi accounting must comply with tax laws, administrative penalties, and FTA rules on tax compliance and recordkeeping. Staying updated on these regulations is key to avoiding penalties:
Abu Dhabi accounting must comply with tax laws, administrative penalties, and FTA rules on tax compliance and recordkeeping. Staying updated on these regulations is key to avoiding penalties:
- UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022)
- Cabinet Decision No. 10 of 2019 (Tax Penalties)
- FTA recordkeeping and financial reporting guidelines
Oncount helps reduce fines through timely filings, compliance checks, and accurate transaction data reporting. Proactive management of your accounting can prevent costly issues.
- Failure to maintain proper records may trigger fines of AED 10,000 - AED 50,000 under FTA penalties. FTA guidance outlines specific penalties for record-keeping failures.
- Misclassification under Free Zone exemptions may invalidate corporate tax exemption benefits. Careful accounting supports correct classification.
- Our tools include audit readiness checklists, record backup protocols, and deadline monitoring to ensure penalty avoidance.
Risk & Penalty Mitigation
Industry-Specific Accounting Services
Our accounting services are tailored to the operational and regulatory realities of each client sector, with deep insight into specific accounting and compliance demands. We understand that different industries face unique challenges in Abu Dhabi.
- Retail and eCommerce: Inventory valuation, POS integration
- Logistics/Trading: Customs documentation reconciliation, cost accounting
- Professional Services: Time tracking integration, project-based reporting
- IT/SaaS: Revenue recognition models (IFRS 15), SaaS metrics reporting
- Real Estate: Property cost tracking, escrow account reconciliation, service charge accounting
Industry-Specific Expertise
- Embedded accounting support (on-site or remote)
- Custom dashboards showing KPIs, Revenue Growth, Profitability, and Cash Flow
- Preparation of investor presentations and bank-ready reporting packs
- Streamline your financial management process with tailored solutions for your Abu Dhabi operations.
Client Integration & Customization
About Oncount: Top Accounting Firm in Abu Dhabi
Oncount is a UAE-based accounting and advisory services firm specializing in end-to-end regulatory compliance. With a focus on UAE corporate regulation, our services are built to align with both FTA mandates and international accounting standards (IFRS). We support both mainland and free zone businesses by integrating local regulatory awareness with international accounting rigor, setting us apart among accounting firms in Abu Dhabi.
Oncount prioritizes transparency, communication, and actionable insights over passive data entry. Each client is assigned a dedicated accounting manager with a defined escalation structure. Reports are delivered in investor-ready formats, supporting strategic planning and regulatory readiness. Our comprehensive services include:
- Full accounting and maintenance of financial records
- Tax compliance filing and accounting and tax compliance
- Tax returns and advisory services
- Accounting software implementation and Company management
- ESR compliance and regulatory reporting
- Financial reports and complex financial analysis
- Structured monthly workflows with cutoff dates and SLA-based delivery
- Communication via Zoom, WhatsApp, and secure email
- Custom reporting templates for board meetings, lender reviews, tax submissions
8+ Years of Local Experience, 320+ Clients Served
Established in 2016, Oncount has served over 320 companies in Abu Dhabi, ranging from startups to multinational subsidiaries. Our experience translates into practical knowledge of the local market.
- Services delivered in English, Arabic, and Russian to support Abu Dhabi's multilingual business community
- Full adherence to FTA guidelines, UAE Cabinet Decisions, and IFRS reporting practices
- Jurisdiction-specific expertise across Abu Dhabi, Dubai, Sharjah and Free Zone licensing authorities
Clarity Over Routine: Professional Accountants and Consultants in Abu Dhabi
with an ONCOUNT Accounting Assistant
Why Choose Us for Accounting Services in Abu Dhabi
Oncount's systems, personnel, and regulatory knowledge are designed for businesses that prioritize both compliance and clarity, making us a leading accounting and bookkeeping firm in Abu Dhabi. Our commitment to accuracy and service sets us apart.
Our deliverables are executed through standardized review procedures to ensure precision, compliance, and audit-readiness across all financial operations. This rigorous process is fundamental to our accounting services in Abu Dhabi.
- Dual review of financial records for accuracy
- Periodic reconciliation of Bank Balances, Accounts Receivable, and Accounts Payable balances
- SOPs mapped to FTA and IFRS standards
- Source Documents verification and documentation
Quality Control Process
Our solutions combine automation with regulatory insight, enabling error-free reporting and full alignment with UAE statutory requirements. Leveraging certified accounting software ensures technical precision.
- Use of certified accounting software (e.g., Zoho Books, Xero, QuickBooks UAE edition)
- Full implementation of VAT, Corporate Tax, and ESR compliant workflows
- Accounting system customized to your business needs
Legal and Technical Accuracy
Our support features include responsive communication and seamless access to financial data, ensuring clarity and speed in all client interactions. This is essential for businesses operating in Abu Dhabi's diverse environment.
- Communication in four languages for cross-border teams
- SLA-based ticket resolution for accounting adjustments
- Instant access to monthly reports and audit documentation via cloud portal
Multilingual, Real-Time Support
Outsourcing Accounting Services: The Smart Choice for Abu Dhabi Businesses
When you handle your accounting activities through outsourcing accounting services to professional accounting firms in Abu Dhabi like Oncount, you gain significant advantages. This strategic decision allows you to enhance efficiency and focus.
If your company requires accurate, legally compliant, and fully customized accounting services in Abu Dhabi, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in Abu Dhabi.
- Time to focus on core business growth initiatives
- Cost savings compared to in-house financial management teams
- Accounting services and strategic financial operations guidance
- Accurate and compliant accounting aligned with Abu Dhabi requirements
- Reduced risk of regulatory penalties
- Up-to-date financial data insights for better decision-making
If your company requires accurate, legally compliant, and fully customized accounting services in Abu Dhabi, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in Abu Dhabi.
Here are some common questions about accounting and bookkeeping support for businesses in Abu Dhabi:
Frequently Asked Questions About VAT Services in the UAE
Yes. We serve all major Free Zones in Abu Dhabi and are familiar with the specific regulatory obligations of structures such as LLCs. Our services ensure that bookkeeping and financial reporting meet Free Zone authority standards, protect eligibility for benefits, and remain fully integrated with Free Zone platforms.
Do your accounting services in Abu Dhabi cover Free Zone entities, such as an LLC?
Can you assist with establishing internal control procedures or assessing financial feasibility?
Our accounting professionals offer advisory services beyond routine compliance. We assist with the design and implementation of internal control frameworks to strengthen financial oversight and evaluate the feasibility of financial strategies. This ensures informed decision-making and robust financial governance.
In accordance with FTA guidelines, businesses must retain financial records and supporting documents for a minimum of five years from the end of the relevant tax period. For certain transactions—such as real estate—longer retention may be required. Our accounting processes are structured to ensure full adherence to these requirements.
How long do businesses in Abu Dhabi need to retain their financial accounts?
Outsourcing is a cost-efficient solution that enables your team to focus on core business functions while experienced professionals manage financial operations, including payroll. Our chartered accountants offer sector-specific expertise, improving operational efficiency, expense control, and access to timely, accurate financial data. Service packages are tailored to suit varying organizational needs and budgets.
What advantages does outsourcing bookkeeping and accounting offer businesses in Abu Dhabi?
Our chartered accountants implement accounting systems aligned with the latest UAE tax regulations, including VAT and Corporate Tax, and international financial reporting standards. We ensure timely submission of all regulatory filings applicable in Abu Dhabi, enhancing the accuracy and reliability of your compliance framework.
How do your accounting services ensure compliance with UAE regulations?
Yes. All businesses operating in the UAE, including those in Abu Dhabi, are legally required to maintain proper financial records. Compliance with UAE federal laws supports accurate tax filings and ensures readiness for external audits.
Is maintaining detailed financial records a requirement for businesses in Abu Dhabi?
Bookkeeping involves the systematic recording of financial transactions, the maintenance of accurate ledgers, and the organization of source documents. Accounting builds on this foundation by analyzing records to prepare financial statements, ensure regulatory compliance, and provide insights for strategic decision-making. These outputs are often reviewed by auditors.
What is the key difference between bookkeeping and accounting services in Abu Dhabi?
with an ONCOUNT Accounting Assistant