Professional Construction Accounting Services in Dubai

Our professional construction accounting services in Dubai are structured to ensure full compliance with UAE construction industry regulations, supporting both operational accuracy and financial transparency:

• Project accounting with standardized chart of accounts for construction companies
• Job cost tracking, periodic return filing, and budget matching (MOF portal integration)
• Revenue recognition computation and filing based on percentage-of-completion rules
• Monthly financial statements, cash flow reports, and project profitability analysis
• Account reconciliation and invoice management

Specialized Accounting Services

These consultancy services help construction businesses maintain regulatory alignment while protecting against financial risks and compliance risks:

• Project cost management with specialized accounting software setup via MOF-linked systems
• VAT registration for designated construction companies
• Financial records review for red flags and audit reporting in line with UAE regulations

Construction Accounting Recovery Services

Our accounting firm in Dubai offers services designed to recover historical compliance, restore reporting accuracy, and prepare construction businesses for regulatory audits:

• Reconstruction of missing or delayed financial records
• Support for late VAT registration and voluntary disclosures
• Documentation compilation for Federal Tax Authority audit queries and compliance reviews
• Creating and maintaining financial records for previous periods

All construction companies in Dubai must maintain compliant financial records, regardless of size or legal structure. As per the UAE Commercial Companies Law (Federal Law No. 32 of 2021), records must reflect a true and fair view of financial performance. Services such as structured construction accounting, tax filing, and financial statement preparation ensure construction businesses meet these legal obligations consistently and accurately.

Applicable Laws & Resolutions

Dubai construction accounting must comply with federal laws, administrative penalties, and FTA rules on taxation and recordkeeping:

• UAE Commercial Companies Law (Federal Decree-Law No. 32 of 2021)
• Cabinet Decision No. 116 of 2022 (Corporate Tax Implementation)
• Federal Tax Authority recordkeeping and VAT guidelines

Risk & Penalty Mitigation

Oncount helps reduce fines through timely filings, compliance checks, and accurate financial reporting:

• Failure to maintain proper accounting records may trigger fines of AED 10,000 to AED 50,000 under FTA penalties
• 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

Oncount is a Dubai-based accounting and advisory services firm specializing in end-to-end financial compliance. With a focus on UAE corporate regulation, our services are built to align with both Federal Tax Authority mandates and international accounting standards. We support both mainland and free zone construction businesses by integrating local regulatory awareness with international accounting rigor.

 8+ Years of Local Experience, 320+ Clients Served

Established in 2016, Oncount has served over 320 companies in Dubai, ranging from startups to multinational subsidiaries:

• Services delivered in English, Arabic, and Russian to support Dubai’s multilingual business community
• Full adherence to Federal Tax Authority guidelines, UAE Cabinet Decisions, and IFRS reporting practices
• Jurisdiction-specific expertise across DIFC, ADGM and mainland licensing authorities

Clarity Over Routine: Professional Accountants and Consultants in Dubai

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 bookkeeping and maintenance of financial records
• VAT filing and corporate tax compliance
• Financial statement returns and advisory services
• Economic substance reporting and audit management
• Regulatory compliance and statutory reporting
• Cash flow analysis 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

When you handle your accounting activities through outsourcing construction accounting services to professional accounting firms in Dubai like Oncount, you gain:

• Time to focus on core construction business growth initiatives
• Cost savings compared to in-house accounting teams
• Expert accounting services and strategic financial guidance
• Accurate and compliant construction accounting aligned with UAE requirements
• Reduced risk of regulatory penalties
• Up-to-date financial insights for better decision-making

If your construction company requires accurate, legally compliant, and fully customized construction accounting services in Dubai, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all construction businesses in the UAE.