- Accounting & Bookkeeping
Why Are Accounting & Bookkeeping Important?
Financial management in a business requires accurate bookkeeping and accounting. With this service, the purpose is not only recording transactions but also understanding how your business is performing. It also helps identify growth opportunities, and makes sure your RAKEZ free zone business remains fully compliant with UAE regulations.
Businesses run the risk of making bad decisions, losing out on tax advantages, and running into legal issues if their financial records are not kept up to date. Most businesses in the UAE are required to keep thorough and open accounting records for at least five years. These documents must be easily accessible for investor due diligence, tax assessments, and government audits.
Well-managed books also make it easier to:
- Monitor and improve cash flow
- Track business expenses and profitability
- Prepare for VAT submissions
- Secure funding or attract investors
- Ensure long-term financial stability
Selecting a professional service provider guarantees that all financial data is compliant and audit-ready, improves internal control, and lowers human error.
Whether you are managing a tourism license or running an e-commerce venture, strong financial records ensure you stay on the right track.
- Accounting Services
Benefits of Outsourcing Accounting Services in UAE
In addition to saving money, outsourcing your accounting services in the UAE provides you with access to a group of experts who are knowledgeable about UAE tax regulations, reporting requirements, and sound financial practices. Here are some advantages for your company:
Save Time and Reduce Overhead
It can be expensive to hire, train, and retain a full-time accounting staff. HR expenses, salary overheads, and hiring delays are all avoided with outsourcing.
Avoid Penalties by Filing Your VAT Return on Time
In order to prevent late fees or non-compliance fines from the Federal Tax Authority (FTA), we make sure your VAT returns are accurately prepared and filed on time.
Financial Reporting in Real Time
With up-to-date reports that highlight profit margins, expenses, and operational efficiency, you can always be aware of your financial situation.
Skilled Management of Compliance and Audits
We ensure that your books are always in order and prepare you for audits. Our staff is prepared to manage the demands of external audits and FTAs.
Services That Are Scalable
We modify our services to fit your needs, whether you're starting a business or growing an existing one.
Concentrate on Core Business
By outsourcing, you can devote more time and internal resources to client relations, sales, and business development. It is key to success in business setup in UAE.
- Accounting & Bookkeeping Services
Our Key Accounting & Bookkeeping Services
We provide a full range of accounting services to companies in the UAE of all sizes and industries. We can help with both strategic financial reports and daily bookkeeping.
Industrial Zones
Monthly Bookkeeping
We ensure all your financial transactions, sales, purchases, payments, and receipts are recorded accurately. Your ledgers remain current, clear, and structured for reporting or audits.
Accounting and Filing for VAT
We review input/output VAT, compute your VAT obligations, and timely file returns. In addition, we manage VAT registration and help you navigate any modifications to UAE tax regulations.
Reporting on Finances
Balance sheets, cash flow analyses, and profit and loss statements are all included in our reports. The format of these reports is designed to facilitate investor reviews, board meetings, and e-commerce license applications.
Reconciliation of Accounts
To ensure accuracy across accounts payable and receivable and to identify errors early, we routinely reconcile your bank statements with your internal records.
Processing Payroll
Your WPS submissions, leave pay, end-of-service benefits, and salary computations are all handled by our staff. We guarantee on-time salary transfers and adherence to UAE labor regulations.
Assistance with Audit Preparation
We assist you in preparing the necessary paperwork, balancing accounts, and making sure your books comply with legal requirements prior to any internal or external audit.
Why Choose Aurum for Accounting Services?
We at Aurum recognize the uniqueness of your company. Our approach to bookkeeping and accounting is therefore individualized, compliant, and based on trust. There’s a reason why companies all over the United Arab Emirates depend on our services.
Qualified accountants with extensive knowledge of UAE tax laws, accounting standards, and industry-specific compliance requirements make up our team.
Whether you need end-to-end financial management, quarterly reporting, or monthly bookkeeping, we provide transparent pricing models that meet your needs.
Reports with a tight deadline? Files that need to be categorized immediately? We always deliver on time, and assign a dedicated Point of Contact to manage your account.
Monitor your finances from anywhere, at any time. Our cloud-based dashboards offer you access to documents and real-time updates while maintaining the highest level of data security. It is ideal for remote teams or digital-first setups like those holding an e-commerce license.
You will have a responsive team that knows your business and a single point of contact.
By selecting Aurum, you are acquiring a long-term financial partner rather than merely an accountant.
- Our Process
Our Process-
How We Work
We maintain the simplicity, organization, and complete transparency of your financial operations.
We find out about your company's revenue sources, structure, and any issues or systems you may have with accounting.
Our staff determines the degree of assistance you require, ranging from simple accounting and bookkeeping to intricate financial reporting or managing compliance. We also consider industry-specific requirements, like inventory costing or project-based tracking.
We collect relevant documents and set up secure access to accounting software. Your daily operations will be minimally disrupted by our onboarding process.
We share regular reports and alerts based on the plan you have selected. Do you need financials that are ready for investors? Do you want to track your budget in real time? We tailor your reports according to your priorities.
Sending reports is not the end of our work. We stick by you, managing VAT filing, responding to inquiries, preparing your business for audits, and providing ongoing guidance as your company develops.
Our procedure is intended to maintain your company's financial stability, legal compliance, and expansion readiness.
- Frequently Asked Questions
Your Common Questions Answered
What distinguishes accounting from bookkeeping?
The process of documenting financial transactions is called bookkeeping. Accounting analyzes that information and creates reports that assist you in making business decisions.
Can I outsource or do I require a full-time accountant?
Outsourcing makes it easy for a lot of small and medium-sized enterprises to manage their finances. You receive professional assistance without having to pay for or handle full-time employees.
Is bookkeeping required in the United Arab Emirates?
Businesses must keep accurate financial records for a minimum of five years in accordance with the UAE Commercial Companies Law and VAT regulations.
How frequently should my books be updated?
Monthly updates are advised. Weekly bookkeeping, however, is recommended for companies that want to keep a closer eye on their finances or have a high transaction volume.
What accounting software do you use?
We are compatible with all of the major platforms, such as Tally, Xero, Zoho Books, and QuickBooks. We also offer advice if you need assistance with integration or are changing systems.
Can you assist with UAE VAT filing?
We prepare, compute, and submit VAT returns. We also manage VAT deregistration, amendments, and FTA inquiries.
Do you offer audits or financial reports to investors?
We create comprehensive reports with all necessary supporting documentation prepared and ready for board meetings, investor presentations, or external audits.
How much do accounting services cost in the United Arab Emirates?
Service scope, transaction volume, and business complexity all affect costs. We provide a range of flexible packages, from full-service solutions for larger businesses to affordable plans for startups.
How safe is my financial data?
We communicate and store documents on safe, encrypted platforms. NDAs and other internal procedures help us protect your data.
Can hiring a professional bookkeeper help startups?
Having clean books makes it easier to draw in investors, submit funding applications, and make wise choices early on. We provide startup-friendly packages for small teams with ambitious objectives.