FMCG Accounting Services in UAE

The fast-moving consumer goods (FMCG) sector in the UAE is one of the most dynamic and competitive in the Middle East, driven by high consumer demand and a world-class logistics infrastructure. However, this fast-paced environment presents unique accounting complexities, from intricate inventory management and supply chain logistics to navigating trade promotions and regulatory compliance.

Oncount is a leading accounting firm in the UAE, providing structured and compliant financial services specifically tailored for FMCG companies. We deliver the accuracy, strategic insight, and robust compliance support necessary to meet UAE Corporate Tax requirements and thrive in the demanding FMCG market.

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Core Accounting and Compliance Services for the FMCG Sector

Our comprehensive services are designed to manage the entire financial ecosystem of an FMCG business in the UAE, ensuring operational efficiency and full regulatory compliance. We move beyond standard bookkeeping to provide a holistic solution that supports your company’s financial health.

Compliant Bookkeeping and Financial Reporting: Meticulous recording of all financial transactions according to International Financial Reporting Standards (IFRS), leading to the timely preparation of accurate financial statements (P&L, Balance Sheet, Cash Flow).
VAT and Corporate Tax Management: Expert handling of VAT on sales, imports, and exports, including compliant filing with the Federal Tax Authority (FTA). We provide strategic preparation and filing for UAE Corporate Tax, ensuring all tax regulations are met.
Accounts Receivable and Payable Management: Efficient management of credit sales to distributors and retailers, alongside streamlined processing of supplier and vendor payments to optimize cash flow.
Payroll and WPS Compliance: Managing complex payroll for sales teams, warehouse staff, and administrative personnel, ensuring full compliance with the UAE’s Wage Protection System.
Regulatory Filings and Corporate Secretarial Support: Assistance with all corporate filings, trade license renewals, and ensuring ongoing compliance with the requirements for your legal structure (e.g., LLC).

Strategic Financial Management Services

We provide high-level financial guidance to help you navigate the complexity of the FMCG market and drive profitability.

Budgeting and Forecasting: Collaborating with your team to develop detailed annual budgets and rolling forecasts that align with your sales and operational goals.
Performance Analysis: Providing insightful analysis of your financial data, including profitability by product line (SKU), sales channel, and geographic region to support strategic decision-making.
Cash Flow Management: Proactive monitoring and forecasting of cash flow to manage working capital effectively in a high-volume, low-margin environment.

Inventory and Supply Chain Accounting

Inventory is the lifeblood of any FMCG business. Our specialized services are designed to give you complete financial control over your stock.

Inventory Valuation: Implementing and managing appropriate inventory valuation methods such as FIFO or Weighted Average to ensure accurate reporting on your balance sheet and cost of goods sold (COGS).
Cost of Goods Sold (COGS) Management: Detailed tracking and analysis of all costs associated with producing or acquiring your goods, crucial for accurate profitability assessment.
Trade Spend and Promotion Accounting: Properly accounting for the costs of trade promotions, rebates, and marketing development funds (MDFs) provided to retailers, ensuring their financial impact is accurately reflected.

Steps for Setting Up FMCG Accounting in the UAE

Establishing a robust accounting system from day one is critical for success. Oncount guides you through a structured implementation process:

Business and Supply Chain Analysis

We review your operational model, including import/export processes, distribution channels, and legal structure (mainland or free zone).

ERP/Accounting Software Selection

We help you select and configure an accounting software or ERP system that can handle the demands of the FMCG industry, including inventory and sales order management.

Chart of Accounts Customization

We design a detailed chart of accounts tailored to the FMCG sector to track revenue, COGS, and expenses by product category and channel.

Inventory Management System Integration

We integrate your inventory management system (IMS) with the accounting software for real-time tracking of stock levels and costs.

VAT Framework Implementation

We configure your systems to correctly handle VAT on all transactions, including complex scenarios like promotions and cross-border sales.

Corporate Tax Preparedness

We ensure the accounting setup is fully compliant with the requirements of UAE Corporate Tax law from the outset.

Internal Control Design

We help establish strong internal controls for inventory, cash handling, and payables to prevent losses and ensure accuracy.

KPI and Reporting Setup

We define and implement a reporting framework that includes key FMCG metrics like inventory turnover, gross margin percentage, and days sales outstanding (DSO).

Legal Requirements in the UAE: Why Accurate Accounting is Crucial for FMCG Businesses

For FMCG companies operating in the fast-paced UAE market, accurate accounting is not just good practice—it is a legal necessity. Proper financial management is fundamental to tax compliance, operational continuity, and investor confidence.

Mandatory Record-Keeping: The UAE Commercial Companies Law requires all businesses to maintain accurate financial records for a minimum of five years.
Tax Compliance: The Federal Tax Authority (FTA) mandates precise and timely bookkeeping for both VAT and UAE Corporate Tax. Non-compliance can lead to severe penalties.
Audit Requirements: Many FMCG businesses require an annual audit to satisfy lenders, investors, or large retail partners. Accurate financial records are the foundation of a successful audit.
Operational Readiness: Clear financial data is essential for managing stock levels, negotiating with suppliers, and making pricing decisions to stay competitive.

Applicable Laws & Resolutions

Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses
Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No. (8) of 2017 on Value Added Tax
Recordkeeping requirements from the Federal Tax Authority (FTA)

Risk & Penalty Mitigation

The regulatory framework in the UAE carries significant penalties for non-compliance. Our services are designed to protect your business.

Fines for Incorrect Filings: Avoid penalties for errors in VAT returns, such as the incorrect treatment of discounts and promotions, or late Corporate Tax submissions.
Loss of Tax Benefits: We ensure accurate expense classification to maximize deductions under Corporate Tax and properly reclaim input VAT on business expenses.
Proactive Compliance Tools: We use compliance dashboards, automated deadline alerts, and secure data backup systems to ensure your company’s financial obligations are always fulfilled.

Industry-Specific FMCG Accounting Services

Our deep experience in the UAE’s FMCG sector allows us to provide tailored solutions that address the specific challenges and opportunities within its various sub-sectors.

Industry-Specific Expertise

Food and Beverages: Specialized accounting for perishable inventory, managing production costs, and navigating import/export regulations for food products.
Personal Care and Cosmetics: Expertise in managing complex supply chains, accounting for marketing and branding expenses, and handling multi-channel distribution (retail, e-commerce).
Household Goods: Financial management for non-perishable goods, focusing on efficient inventory management and logistics cost control.
FMCG E-commerce: Tailored solutions for online sellers, integrating with digital storefronts, managing payment gateway fees, and accounting for digital marketing spend.

Client Integration & Customization

Embedded Advisory Support: We work as an extension of your team, providing ongoing strategic financial guidance.
Real-Time Dashboards: We provide access to real-time dashboards tracking key metrics such as sales data, inventory levels, and compliance status.
Reporting for Stakeholders: We create professional financial reports suitable for banks, investors, distributors, and large retail partners.
Flexible System Integration: We configure our services to integrate seamlessly with your existing ERP, WMS, or inventory management system.

About Oncount: Top FMCG Accounting Firm in UAE

Oncount is a leading UAE-based accounting and regulatory consulting firm with extensive expertise in the FMCG industry. Our services are designed in full alignment with FTA mandates, international accounting standards, and the operational realities of the fast-moving consumer goods sector.

8+ Years of Local Experience, 320+ Clients Served

Multilingual Service: Our professional team provides expert services in English, Arabic, and Russian.
Full Regulatory Adherence: Deep experience serving FMCG businesses operating on the mainland and in major free zones like Jebel Ali Port (JAFZA) and Dubai International Financial Centre (DIFC).
Proven Sector Experience: Our client portfolio includes FMCG distributors, manufacturers, and e-commerce brands, demonstrating our capability to handle the sector’s unique financial demands.

Clarity Over Routine: Professional Accountants and Consultants in Dubai

We deliver strategic financial partnership, not just routine bookkeeping. Each client is assigned a dedicated manager for proactive support and clear communication.

Structured Monthly Workflows: We implement clear workflows with deadline tracking for all accounting, tax, and compliance tasks.
Complex Financial Planning: We assist with budgeting, cash flow forecasting, and financial modeling to support your strategic initiatives.
Digital Communication: We ensure transparent, real-time communication and provide secure, cloud-based access to all your financial data.

Why Choose Us for FMCG Accounting Services in UAE

Oncount is a recognized authority in FMCG financial management in the region. Our unwavering commitment to quality, technical accuracy, and industry-specific expertise makes us the ideal partner to streamline your finances and support your growth.

Quality Control Process

Dual Document Reviews: A maker-checker principle ensures every financial statement and tax return is meticulously reviewed for accuracy.
Periodic Internal Audits: We conduct regular reviews of your internal controls and financial records to ensure ongoing compliance.
SOP Alignment with Best Practices: Our procedures are aligned with the latest accounting standards and FMCG industry best practices.

Legal and Technical Accuracy

Certified and Integrated Tools: We are experts in certified accounting tools (Zoho, Xero) and have proven experience integrating them with advanced inventory management and ERP systems.
Integrated Financial Workflows: We create seamless workflows that connect your core accounting functions with your supply chain, sales, and tax compliance needs.
Custom Tech Setup: We design a technology stack specifically tailored to the high-volume, fast-paced nature of your FMCG business.

Multilingual, Real-Time Support

4-Language Communication: Our team is fluent in English, Arabic, Hindi, and Russian.
SLA-Based Responses: We provide timely support governed by a clear Service Level Agreement (SLA).
Cloud Access to Dashboards: Enjoy 24/7 secure access to your financial and inventory dashboards through our cloud portal.

Outsourcing FMCG Accounting Services: The Smart Choice for UAE Businesses

More Time for Core Business: Free up your management to focus on market trends, supply chain optimization, and building relationships with retailers.
Lower Costs Than In-House Teams: Reduce the significant overhead costs of hiring, training, and retaining a specialized in-house finance team.
Strategic Guidance from Experts: Gain a financial partner who understands the FMCG market and can provide valuable insights on pricing, margin analysis, and cost control.
Reduced Compliance Risk: Minimize the risk of penalties from incorrect VAT treatment of promotions or non-compliance with Corporate Tax regulations.
Data-Driven Decision Making: Access accurate, real-time financial data to make faster, more informed decisions about inventory, marketing spend, and pricing.
Full Legal and Regulatory Alignment: Ensure your business is always compliant with the evolving financial laws of the UAE.

FAQ

About FMCG Accounting in the UAE

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How is VAT handled for promotions like "Buy One Get One Free" in the FMCG sector?

According to FTA guidelines, when a promotion is offered, VAT is typically due on the value of the goods that were sold, not the free item. However, the specifics can be complex. An expert accounting service ensures these transactions are treated correctly to maintain VAT compliance.

Which inventory valuation method is best for an FMCG business in the UAE?

The First-In, First-Out (FIFO) method is most commonly used and recommended for FMCG companies, especially those dealing with food and beverages or products with expiration dates. It assumes the first goods purchased are the first ones sold, which best reflects the physical flow of stock and provides a more accurate valuation of remaining inventory.

How does the UAE Corporate Tax affect my FMCG business?

All FMCG companies in the UAE with annual net profits exceeding AED 375,000 are subject to a 9% Corporate Tax. Maintaining accurate and detailed financial records is now a legal requirement to correctly calculate your taxable income. Key areas of focus include the proper deduction of COGS, marketing expenses, and overheads.

What are the biggest accounting challenges for FMCG companies in Dubai?

The top challenges include managing high-volume, low-margin transactions; accurate inventory management across multiple locations; accounting for trade spend and promotional rebates; and navigating the complexities of VAT on imports, exports, and local sales.

Why are internal controls so important for an FMCG company?

Strong internal controls are vital to protect assets in a business with high volumes of inventory and cash or credit transactions. Controls over stock receiving, dispatch, and write-offs prevent physical losses, while controls over payables and receivables prevent financial leakage, ensuring the accuracy of your financial data.

Can you provide audit services for my FMCG company?

While we provide comprehensive “audit preparation and support” services to ensure your financial records are accurate, organized, and ready for an external audit, we do not perform the statutory audit itself. We work with your chosen external auditors to streamline the process and ensure a smooth and efficient audit.

How can your accounting services help me manage my supply chain more effectively?

Our services provide the financial data needed for better supply chain management. By delivering accurate reports on inventory turnover, COGS, and supplier payment cycles, we give you the financial insights needed to optimize stock levels, negotiate better terms with suppliers, and improve overall operational efficiency.

Looking to take your business  to the next level? Our professional accounting team in Dubai is here  to help yousoar financially. We handle everything from detailed reports  to smart tax strategies, so you can focus on whatyou do best—growing your company.

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+971 589 217 784

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info@oncount.com

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Office 3402, Indigo Icon-1, Cluster F, JLT, Dubai

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Ready to see real growth? Reach out to our team for a free consultation.  We'll chat about your needs and show you exactly how our accounting services in Dubai can make a difference for your business.

Thank you — your answers have been submitted.
Our team will review your inputs and get in touch shortly.

Usually within 1 business day via email or WhatsApp