Outsource your bookkeeping needs to certified professional chartered accountants who understand the complexities of operating in Dubai’s dynamic financial environment. Our wide range of bookkeeping services caters to businesses across all industries, ensuring accurate records, timely reporting, and regulatory compliance.
Understanding the Difference Between Accounting and Bookkeeping Services in Dubai
While often confused, bookkeeping and accounting services in Dubai serve distinct yet complementary purposes:
- Bookkeeping involves the accurate, chronological recording of all financial transactions, maintaining updated ledgers, and organizing financial records
- Accounting encompasses the interpretation of those records, preparation of financial statements, tax compliance, and strategic advisory services
TA guidance stipulates that all taxable persons must retain original transaction records for at least five years. Bookkeepers ensure this base is reliably maintained; accountants use it to generate VAT returns, corporate tax filings, and management reports. These services are essential for audit preparedness, financial transparency, and strategic growth planning in both free zone and mainland companies in Dubai.
Comprehensive Bookkeeping and Accounting Services LLC Solutions
Oncount’s bookkeeping 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:
- Decree-Law No. 47 of 2022 (Corporate Tax)
- Federal Decree-Law No. 8 of 2017 (VAT)
- Cabinet Decision No. 58 of 2020 (UBO)
Core Accounting & Tax Compliance Services
Our professional bookkeeping services in the UAE are structured to ensure full compliance with UAE accounting regulations, supporting both operational accuracy and tax transparency:
- General ledger maintenance with IFRS (International Financial Reporting Standards) chart of accounts
- VAT registration, periodic return filing, and record matching (FTA portal integration)
- Corporate tax computation and filing based on taxable income rules
- Monthly management accounts, trial balance, and financial statements
- Bank statements reconciliation and cash flow management
Payroll, WPS, and AML Services
These consultancy services help businesses maintain regulatory alignment while protecting against payroll and compliance risks:
- Payroll processing with WPS setup via MOHRE-linked systems
- goAML registration for designated non-financial businesses (DNFBPs)
- Transaction review for red flags and STR reporting in line with AML-CFT regulations
Backlog and Records Recovery
Our accounting company in Dubai offers services designed to recover historical compliance, restore reporting accuracy, and prepare businesses for regulatory audits:
- Reconstruction of missing or delayed transaction records
- Support for late VAT registration and voluntary disclosures
- Documentation compilation for FTA audit queries and tax reviews
- Creating and maintaining book of accounts for previous periods