Professional Accounting Services in Ajman
Are you looking for reliable accounting services in Ajman? As one of the leading financial accounting firms in the UAE, Oncount delivers structured, compliant, and scalable accounting services tailored specifically for Ajman businesses. Our team of accountants in Ajman comprises qualified and experienced professionals who ensure your accounting records and financial statements remain accurate and up-to-date, helping you streamline operations while maintaining full compliance with UAE financial regulations. Engaging in proper accounting is fundamental for business success and legal adherence.
Understanding the DZifference Between Accounting and Bookkeeping Services in Ajman
While often confused, accounting and bookkeeping services in Ajman serve distinct yet complementary purposes:
FTA guidance stipulates that all registered businesses must retain original accounting records for at least five years. Bookkeepers ensure this base is reliably maintained; accountants use it to generate compliance documents, tax filings, and management reports. These services are essential for audit preparedness, financial transparency, and strategic growth planning in both mainland and free zone companies in Ajman. To maintain accounts effectively requires a clear understanding of these distinctions.
- Bookkeeping involves the accurate, chronological recording of financial transactions, maintaining updated ledgers and journals, and organizing source documents to create comprehensive accounting records.
- Accounting encompasses the interpretation of those records, preparation of formal financial statements, tax and regulatory compliance, and strategic advisory services, transforming raw data into valuable financial information.
FTA guidance stipulates that all registered businesses must retain original accounting records for at least five years. Bookkeepers ensure this base is reliably maintained; accountants use it to generate compliance documents, tax filings, and management reports. These services are essential for audit preparedness, financial transparency, and strategic growth planning in both mainland and free zone companies in Ajman. To maintain accounts effectively requires a clear understanding of these distinctions.
Comprehensive Accounting Solutions
Oncount's accounting solutions are designed to ensure full compliance with UAE legislation while supporting operational efficiency. Our accounting and advisory firm provides services mapped to the requirements of established accounting standards and relevant regulations:
- UAE Federal Decree-Law No. 8 of 2017 on Value Added Tax
- UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022)
- UAE Federal Law No. 18 of 1992 (Commercial Transactions Law)
Core Accounting Services
Our professional accounting services in Ajman are structured to ensure full compliance with UAE business regulations, supporting both operational accuracy and financial transparency. We focus on providing the best accounting services by ensuring robust internal control procedures:
- General ledger maintenance with IFRS chart of accounts setup, establishing a strong foundation for accurate accounting records.
- VAT compliance, periodic return filing, and record matching (FTA portal integration), ensuring timely submission of critical financial information.
- Corporate Tax computation and filing based on UAE Corporate Tax Law provisions.
- Monthly financial statements, trial balances, and management reports, providing key financial information for decision-making.
- Accounting records reconciliation and accounts payable/receivable management.
Accounting Recovery & Audit Support
Our accounting company in Ajman offers services designed to recover historical compliance, restore reporting accuracy, and prepare businesses for regulatory audits. Our experienced accountants can help you maintain accounts correctly moving forward:
- Reconstruction of missing or delayed accounting records.
- Support for late regulatory registration and voluntary disclosures.
- Documentation compilation for FTA audit queries and compliance reviews.
- Creating and maintaining accounting records for previous periods with exceptional accuracy.
Compliance & Regulatory Support Services
These consultancy services help businesses maintain regulatory alignment while protecting against penalties and compliance risks. Our experienced team assists with complex regulatory requirements:
- VAT and E-Dirham registration with FTA portal setup via authority-linked systems.
- ESR (Economic Substance Regulations) and UBO (Ultimate Beneficial Ownership) registration for designated entity types.
- Accounting records review for red flags and regulatory reports reporting in line with AML (Anti-Money Laundering) regulations, enhancing internal control.
Business Setup and Corporate Support Services In UAE
In addition to accounting services, Oncount supports the full corporate lifecycle in the UAE, from company formation to regulatory upkeep, making us one of the best accounting services providers in the region.
- Business registration in mainland jurisdictions (DED) and major free zones (e.g., Ajman Free Zone, AFZ Offshore).
- Assistance with UAE corporate bank account setup, KYC preparation, and compliance documentation, essential for managing financial information.
Company Formation & Banking
- Trade license renewal reminders and coordination.
- E-Channel registration for visa validation.
- Ongoing support with VAT and Corporate Tax declarations and ESR/UBO notifications.
License & Regulatory Maintenance
with an ONCOUNT Accounting Assistant
Legal Accounting Requirements in Ajman: Why Accurate Accounting is Crucial for Businesses in Ajman
All businesses in Ajman must maintain compliant accounting records, regardless of size or legal structure. As per the UAE Commercial Transactions Law (Federal Law No. 18), records must reflect a true and fair view of financial position and performance. Services such as structured accounting, tax filing, and financial statements preparation ensure businesses meet these legal obligations consistently and accurately, providing reliable financial information. Engaging qualified and experienced accountants is key to ensuring this compliance. Proper accounting prevents legal issues and provides clarity.
UAE accounting must comply with Federal laws, administrative penalties, and FTA rules on tax compliance and recordkeeping, aligning with accepted accounting standards:
- UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022).
- Cabinet Decision No. 49 of 2021 (Administrative Penalties for VAT).
- FTA recordkeeping and Corporate Tax compliance guidelines.
Applicable Laws & Resolutions
Oncount helps reduce fines through timely filings, compliance checks, and accurate accounting records reporting. Our experienced team implements robust internal control measures:
- Failure to maintain proper records may trigger fines of AED 10,000 - 20,000 under FTA penalties for repeat offences.
- Misclassification under free zone exemptions may invalidate Corporate Tax benefits.
- Our tools include audit readiness checklists, record backup protocols, and deadline monitoring to ensure penalty avoidance through proper accounting.
Risk & Penalty Mitigation
Client Integration & Customization
- Embedded accounting support (on-site or remote) for seamless integration.
- Custom dashboards showing KPIs, Gross Profit Margin, Accounts Receivable Turnover, and Operating Expenses, presenting key financial information.
- Preparation of investor presentations and bank-ready reporting packs with exceptional accuracy.
- Streamline your financial management process with tailored solutions for maintaining accounts.
Industry-Specific Expertise
- Retail and eCommerce: Inventory valuation, Sales analysis, Payment gateway reconciliation, providing crucial financial information.
- Logistics/Trading: Cost accounting, Shipment tracking integration, Customs documentation support, ensuring accurate accounting records for complex operations.
- Professional Services: Project accounting, Billing system integration, Fee reconciliation, maintaining accounts specific to service delivery.
- IT/SaaS: Subscription revenue recognition, SaaS metrics reporting, R&D expense tracking, aligning with specific industry accounting standards.
- Real Estate: Property cost tracking, Rental income accounting, Service charge reconciliation, ensuring proper accounting for property portfolios.
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. Our experienced accountants understand industry nuances:
About Oncount: Top Accounting Firm in Ajman Free Zone
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. We support both mainland and free zone businesses by integrating local regulatory awareness with international accounting rigor. Our qualified and experienced accountants provide some of the best accounting services available.
Oncount prioritizes transparency, communication, and actionable insights over passive data entry. Each client is assigned a dedicated accounting manager with a defined escalation structure, supported by our experienced team. Reports are delivered in investor-ready formats, supporting strategic planning and regulatory readiness with exceptional accuracy. Our comprehensive services include:
- Full accounting and maintenance of accounting records.
- Tax filing and VAT and Corporate Tax compliance, ensuring proper accounting procedures.
- VAT returns and advisory services, providing clear financial information.
- FTA portal setup and company management.
- ESR compliance and regulatory reporting.
- Financial statements and complex financial analysis.
- Structured monthly workflows with cutoff dates and SLA-based delivery, incorporating robust internal control.
- Communication via Zoom, WhatsApp, and secure email.
- Custom reporting templates for board meetings, lender reviews, and tax submissions.
8+ Years of Local Experience, 320+ Clients Served
Established in 2016, Oncount has served over 320 companies in the UAE, ranging from startups to multinational subsidiaries:
- Services delivered in English, Arabic, and Russian to support the UAE's multilingual business community.
- Full adherence to FTA guidelines, UAE Cabinet Decisions, and IFRS reporting practices, ensuring adherence to high accounting standards.
- Jurisdiction-specific expertise across Ajman, Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah and other free zone licensing authorities, provided by our experienced team.
Clarity Over Routine: Professional Accountants and Consultants in Ajman
with an ONCOUNT Accounting Assistant
Why Choose Us for Accounting Services in Ajman
Oncount’s systems, personnel, and regulatory knowledge are designed for businesses that prioritize both compliance and clarity, making us one of the leading accounting and advisory firms in the UAE offering the best accounting services. Our experienced team is dedicated to your success.
Our deliverables are executed through standardized review procedures to ensure precision, compliance, and audit-readiness across all financial operations. We apply strict internal control measures:
- Dual review of accounting records for exceptional accuracy.
- Periodic reconciliation of Cash balances, Accounts Receivable, and Accounts Payable balances.
- SOPs mapped to FTA and IFRS standards, ensuring proper accounting practices.
- 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. Our qualified and experienced accountants leverage technology effectively:
- Use of certified accounting software (e.g., Zoho Books, Xero, QuickBooks UAE edition).
- Full implementation of VAT, Corporate Tax, and ESR/UBO compliant workflows, ensuring proper accounting.
- Accounting system customized to your business needs, supporting comprehensive accounting records.
Legal and Technical Accuracy
Our support features include responsive communication and seamless access to financial data, ensuring clarity and speed in all client interactions. Our experienced team is ready to assist:
- 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, providing timely financial information.
Multilingual, Real-Time Support
Outsourcing Accounting Services: The Smart Choice for Ajman Businesses
When you handle your accounting activities through outsourcing accounting services to professional accounting firms in Ajman like Oncount, you gain access to an experienced team and achieve exceptional accuracy:
If your company requires accurate, legally compliant, and fully customized accounting services in Ajman, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in the UAE. We also offer a free consultation to discuss your specific needs.
- Time to focus on core business growth initiatives.
- Cost savings compared to in-house financial accounting teams.
- Best accounting services and strategic financial operations guidance.
- Accurate and compliant accounting aligned with UAE requirements, ensuring proper accounting.
- Reduced risk of regulatory penalties through strong internal control.
- Up-to-date financial information insights for better decision-making.
If your company requires accurate, legally compliant, and fully customized accounting services in Ajman, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in the UAE. We also offer a free consultation to discuss your specific needs.
Frequently Asked Questions About Accounting Services in Ajman
Outsourcing to Oncount, a team of expert accountants, is a value addition to any firm or person who intend keep the accounts maintained efficiently. It ensures proper accounting services are in place, handled by qualified professionals. This saves time, reduces overheads compared to needing to keep inhouse accountant, and provides access to expert accounting and finance knowledge. Clients consistently report that our experienced team of accountants in Ajman provides high-standard accounting services, leading to exceptional accuracy and work productivity, and have made all their financial matters significantly easier to manage.
How does outsourcing accounting services benefit my Ajman business?
How can we get started with Oncount's services?
To discuss your accounting matters and how Oncount can offer high-standard accounting services for your business in Ajman, please contact us. Our support staff who are ready to go that extra mile to get the work done are available to assist you and explain how our precise accounting and methodical approach can be the greatest addition to your management accounting by providing high levels of accuracy. We are confident you will be extremely pleased with the professionalism of the whole team and find our services worth having at any cost.
UAE law mandates that businesses must retain their accounting records, including all supporting documentation, for a minimum of five years. Oncount assists businesses in organizing and storing accounting data securely to ensure compliance with this requirement, providing peace of mind regarding future audit UAE processes.
What is the required record retention period for businesses in Ajman?
Absolutely. Our team of expert accountants understands the nuances of operating in both Ajman mainland and its free zones. Oncount provides high-standard accounting services in Ajman and across the UAE, tailored to the specific regulatory requirements of each jurisdiction. We support firms or persons who intend keep the accounts maintained in line with local regulations.
Can Oncount help businesses in both Ajman mainland and free zones?
Our experienced team of accountants is highly knowledgeable in UAE VAT laws and the Corporate Tax Law. Oncount's approach to maintain accounts is very methodical. We have the experience and apply accounting standards, including International Financial Reporting Standards where applicable, to ensure precise accounting, timely filing of returns, and accurate accounting records. This meticulous process ensures compliance with the regulatory rules and laws.
How does Oncount ensure compliance with UAE tax laws like VAT and Corporate Tax?
Yes, maintaining accounts is a legal requirement for all businesses in Ajman and across the UAE. According to the Commercial Company Law and tax legislation, companies must keep proper accounting records that accurately reflect their financial position. Ensuring compliance with the regulatory rules is crucial, and engaging proper accounting services is the most effective way to achieve this.
Are accounting services mandatory for all businesses in Ajman?
Oncount provides comprehensive expert accounting services in Ajman, including managing your accounting data, maintaining accounts, VAT and Corporate Tax compliance in accordance with UAE VAT laws and other regulatory rules and laws, financial statement preparation, reconciliation services, accounting recovery, and audit support. Our expert accounting approach is designed to cover all essential accounting matters for businesses operating in Ajman and across the UAE.
What specific accounting services does Oncount offer in Ajman?
with an ONCOUNT Accounting Assistant