Professional Accounting Services in Sharjah, UAE
Are you looking for reliable accounting services in Sharjah? As one of the leading accounting and consulting firms serving Sharjah, Oncount delivers structured, compliant, and scalable accounting services tailored specifically for Sharjah businesses. Our professional accountants and financial experts ensure your financial records and reports remain accurate and up-to-date, helping you streamline operations while maintaining full compliance with UAE financial and tax regulations applicable in Sharjah.
Understanding the Difference Between Accounting and Bookkeeping Services in Sharjah
While often confused, accounting and bookkeeping services in Sharjah serve distinct yet complementary purposes:
Federal Tax Authority (FTA) guidance stipulates that all regulated entities must retain original financial records for at least 5 years. Accounting firms and bookkeeping providers ensure this base is reliably maintained; financial consultants and tax advisors 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 operating in Sharjah.
- Bookkeeping involves the accurate, chronological recording of financial transactions, maintaining updated financial records, and organizing transaction records.
- Accounting encompasses the interpretation of those records, preparation of formal financial statements, tax and regulatory compliance, and strategic advisory services.
Federal Tax Authority (FTA) guidance stipulates that all regulated entities must retain original financial records for at least 5 years. Accounting firms and bookkeeping providers ensure this base is reliably maintained; financial consultants and tax advisors 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 operating in Sharjah.
Comprehensive Accounting and Bookkeeping Business Solutions
Oncount's accounting solutions are designed to ensure full compliance with UAE legislation while supporting operational efficiency for businesses in Sharjah. Our accounting and bookkeeping firm provides services mapped to the requirements of:
Our expertise in accounting services in Sharjah means we tailor our approach to local specifics while adhering to federal mandates.
- UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022)
- UAE VAT Law (Federal Decree-Law No. 8 of 2017)
- UAE Cabinet Decision No. 58 of 2020 on Regulatory Procedures for Ultimate Beneficial Owners
Our expertise in accounting services in Sharjah means we tailor our approach to local specifics while adhering to federal mandates.
Core Accounting Services
Our professional accounting services in Sharjah are structured to ensure full compliance with UAE accounting regulations, supporting both operational accuracy and financial reporting transparency:
- Chart of accounts structuring with IFRS or UAE GAAP framework
- VAT compliance, periodic return filing, and record matching (FTA portal integration)
- Corporate tax computation and filing based on taxable income rules
- Monthly financial statements, financial records, and management reports
- Transaction records reconciliation and financial process management
Compliance Advisory Services
These consultancy services help businesses in Sharjah maintain regulatory alignment while protecting against regulatory penalties and compliance risks:
- Compliance registration with FTA e-Tax system setup via FTA-linked systems
- UBO system registration for designated entity types
- Financial records review for red flags and UBO register report reporting in line with AML Law and UBO regulations
Our accounting company offers services designed to recover historical compliance, restore reporting accuracy, and prepare businesses in Sharjah for regulatory audits:
- Reconstruction of missing or delayed financial records
- Support for late VAT or Corporate Tax registration and voluntary disclosures
- Documentation compilation for FTA audit queries and compliance reviews
- Creating and maintaining financial records for previous periods
Accounting Cleanup
Business Setup and Corporate Support Services
In addition to accounting, Oncount supports the full corporate lifecycle in Sharjah, from company formation to regulatory upkeep, making us one of the best accounting and advisory firms serving the region. Our comprehensive services complement our core accounting offerings in Sharjah.
- Business registration in Mainland jurisdictions (SEDD) and major Free Zones ([e.g., SAIF Zone, SHAMS])
- Assistance with UAE corporate bank account setup, KYC preparation, and compliance documentation
Company Formation & Banking
- Trade license renewal reminders and coordination for Sharjah businesses
- FTA e-Tax system registration for tax invoice validation
- Ongoing support with VAT and Corporate Tax declarations and notifications
License & Regulatory Maintenance
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Legal Accounting Requirements in Sharjah: Why Accurate Accounting is Crucial for Businesses
All businesses in Sharjah must maintain compliant financial records, regardless of size or legal structure. As per the UAE Commercial Companies Law (Federal Decree-Law No. 32 of 2021), records must reflect a true and fair view of financial performance and position. Services such as structured accounting, tax filing, and financial statement preparation ensure businesses meet these legal obligations consistently and accurately. Professional accounting services in Sharjah are key to meeting these mandates.
Sharjah accounting practices must comply with Federal laws, administrative penalties, and FTA rules on tax compliance and recordkeeping:
- UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022)
- Cabinet Decision No. 75 of 2023 on Administrative Penalties for Violations of Tax Laws in the UAE
- FTA recordkeeping and VAT compliance guidelines
Applicable Laws & Resolutions
Oncount helps reduce fines through timely filings, compliance checks, and accurate financial records reporting for businesses in Sharjah:
- Failure to maintain proper records may trigger fines under FTA penalties (e.g., initial AED 10,000, recurring AED 50,000).
- Misclassification under Free Zone exemptions may invalidate tax benefits.
- Our tools include audit readiness checklists, record backup protocols, and deadline monitoring to ensure penalty avoidance for accounting services in Sharjah.
Risk & Penalty Mitigation
Client Integration & Customization
- Embedded accounting support (on-site or remote) for Sharjah operations.
- Custom dashboards showing KPIs, revenue trends, expense breakdown, and profitability.
- Preparation of investor presentations and bank-ready reporting packs.
- Streamline your financial operations process with tailored solutions incorporating accounting services in Sharjah.
Industry-Specific Expertise
- Retail and eCommerce: Inventory valuation and sales tax reporting compliance.
- Logistics/Trading: Cost of goods sold tracking and customs duty accounting.
- Professional Services: WIP management and revenue recognition under IFRS 15.
- IT/SaaS: Subscription revenue accounting and software development cost capitalization.
- Real Estate: Project cost tracking and property-related VAT implications.
Industry-Specific Accounting and Financial Reporting Services
Our accounting services are tailored to the operational and regulatory realities of each client sector in Sharjah, with deep insight into specific accounting and compliance demands:
About Oncount: Leading Accounting Sharjah
Oncount is an accounting and advisory services firm specializing in end-to-end regulatory compliance across the UAE, including providing dedicated accounting services in Sharjah. 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 for our clients in Sharjah.
Oncount prioritizes transparency, communication, and actionable insights over passive data entry for our clients in Sharjah. 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, including VAT and Corporate Tax compliance.
- VAT returns and advisory services for businesses in Sharjah.
- Accounting software implementation and company management support.
- Corporate tax compliance and regulatory reporting.
- Financial statements preparation 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, 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 operating in locations like Sharjah:
- Services delivered in English, Arabic, and Russian to support Sharjah's multilingual business community.
- Full adherence to FTA guidelines, UAE Cabinet Decisions, and IFRS reporting practices.
- Jurisdiction-specific expertise across Free Zones (e.g., SAIF Zone, SHAMS) and Mainland licensing authorities (e.g., SEDD). We are well-versed in accounting services specific to Sharjah Free Zones.
Clarity Over Routine: Professional Accountants and Consultants in Sharjah
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Why Choose Us for Accounting Services in Sharjah
Oncount's systems, personnel, and regulatory knowledge are designed for businesses in Sharjah that prioritize both compliance and clarity, making us one of the leading accounting and advisory firms serving Sharjah.
Our deliverables for clients in Sharjah are executed through standardized review procedures to ensure precision, compliance, and audit-readiness across all financial operations:
- 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 document verification and documentation.
Quality Control Process
Our solutions combine automation with regulatory insight, enabling error-free reporting and full alignment with UAE statutory requirements for businesses in Sharjah:
- Use of certified accounting software (e.g., Zoho Books, Xero, QuickBooks UAE edition).
- Full implementation of VAT compliance, Corporate Tax compliance, and AML/UBO compliant workflows.
- Accounting system customized to your business needs.
Legal and Technical Accuracy
Our support features for clients needing accounting services in Sharjah include responsive communication and seamless access to financial data, ensuring clarity and speed in all client interactions:
- 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 Businesses
When you handle your accounting activities through outsourcing accounting services to professional accounting firms in Sharjah like Oncount, you gain:
If your company requires accurate, legally compliant, and fully customized accounting services in Sharjah, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in Sharjah.
- Time to focus on core business growth initiatives.
- Cost savings compared to in-house accounting teams.
- Expert accounting services and strategic financial operations guidance.
- Accurate and compliant accounting aligned with UAE 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 Sharjah, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in Sharjah.
Frequently Asked Questions About Accounting Services in Sharjah
By outsourcing accounting tasks to our professionals, businesses in Sharjah can focus on growth and core operations. Our services provide financial clarity, ensure regulatory compliance, and reduce administrative burdens—creating space for expansion and strategic development.
How do your services help businesses in Sharjah focus on growth?
Do you cover specific areas like Sharjah Airport International Free Zone or Hamriyah Free Zone?
Yes, we offer dedicated accounting services for entities operating in Sharjah’s free zones, including Sharjah Airport International Free Zone (SAIF Zone) and Hamriyah Free Zone. Our financial solutions are tailored to meet the specific regulatory and operational needs of these jurisdictions.
We generate detailed financial reports, including balance sheets, profit and loss statements, and cash flow analyses. These reports provide a clear view of financial performance and support strategic planning. We also maintain payroll records and employee compensation tracking.
What kind of reporting do you provide to help with business decisions?
Our team includes qualified chartered accountants with expertise in handling complex financial matters. We follow International Financial Reporting Standards (IFRS) and industry best practices to deliver accurate, reliable accounting services for businesses of all sizes.
What level of accounting expertise can we expect, including for complex accounting matters?
Our accountants in Sharjah are fully versed in UAE tax legislation and local regulatory frameworks. We manage tax planning, prepare tax returns, and ensure full compliance with Federal Tax Authority (FTA) obligations, minimizing the risk of penalties or delays.
How do your accountants in Sharjah ensure compliance with UAE tax and local regulations?
We offer expert accounting services in Sharjah, including comprehensive financial management. Our services cover the maintenance of accounting records, preparation of financial reports, and support with day-to-day bookkeeping to ensure accuracy and compliance.
What expert accounting services in Sharjah does your firm offer?
Maintaining accurate records and proper accounting is essential for sustaining financial health and complying with regulatory requirements in Sharjah. Sound bookkeeping practices help businesses avoid penalties and support informed decision-making.
Why is it important for businesses in Sharjah to maintain accurate financial records?
with an ONCOUNT Accounting Assistant