Accounting & Bookkeeping Services
- MOE (Ministry Of Economy) Approved Auditors
Accounting and Bookkeeping Services in the UAE
Accurate, compliant financial records from a firm that’s kept UAE businesses audit-ready since 1985.
alareeshtax has provided accounting and bookkeeping services since 1985, supporting businesses across Dubai, Abu Dhabi, Sharjah and every major UAE free zone.
Our chartered accountants maintain financial records in line with IFRS and UAE regulatory requirements, helping companies stay compliant with VAT and corporate tax obligations while gaining a clear picture of their financial position.
- Four decades of experience across mainland, free zone and offshore company structures
- FTA-registered tax agent, supporting VAT and corporate tax filings directly with the authority
- ISO 9001:2015 certified processes, applied consistently across every client engagement
As an FTA-registered tax agent and ISO 9001:2015 certified firm, we support businesses of every size, from new startups to established groups, with structured, audit-ready accounting.
Make an Enquiry
Our Accounting and Bookkeeping Services
Bookkeeping and transaction recording
We record every sale, purchase, receipt, payment, return and discount with accurate supporting documentation, and maintain organised ledgers across accounts payable, accounts receivable and the general ledger.
Bank reconciliation
We reconcile bank and credit card statements against accounting records on a regular basis, identifying discrepancies and unusual transactions before they become larger issues.
Financial statement preparation
We prepare balance sheets, profit and loss statements, cash flow statements and general ledgers in line with IFRS, keeping your business ready for audit at any time.Accounts payable and receivable management
We manage supplier payments and customer collections, keeping cash flow visible and reducing the risk of missed or delayed payments.Payroll accounting
We process monthly payroll, including payslips, deductions, gratuity calculations and payroll reports, in line with UAE labour law and WPS requirements.Budgeting and financial planning
We assist with budget preparation and forecasting, giving management a clear view of projected income and expenditure.
Accounting and Bookkeeping Laws in the UAE
Businesses operating in the UAE must maintain financial records under several overlapping laws. Understanding which requirements apply helps avoid non-compliance and penalties.
- Federal Decree-Law No. 32 of 2021 (Commercial Companies Law): requires every company to keep accounting records that accurately reflect its financial position, retained at the company’s head office for at least five years. The law was amended by Federal Decree-Law No. 20 of 2025, which strengthened financial reporting, governance and audit requirements for larger and cross-border groups.
- Federal Decree-Law No. 8 of 2017 (VAT Law): requires taxable persons to maintain VAT records, including invoices, tax credit notes and import/export documentation, for at least five years. Real estate-related records must be retained for 15 years.
- Federal Decree-Law No. 47 of 2022 (Corporate Tax Law): under Article 56, all records supporting a corporate tax return must be retained for seven years from the end of the relevant tax period. This applies to taxable and exempt persons alike.
- Federal Decree-Law No. 7 of 2017 (Excise Tax Law): businesses dealing in excisable goods must maintain records supporting their excise tax position.
- Free zone and DED licensing requirements: most free zone authorities and the Dubai Economic Department require businesses to submit annual financial statements, often audited, as a condition of licence renewal.
All companies are also required to apply International Financial Reporting Standards when preparing periodic and annual accounts, under Article 27 of the Commercial Companies Law
Why Accurate Bookkeeping Matters for Your Business
Bookkeeping is often treated as an administrative task, but it directly affects how a business performs, reports and grows.
- Regulatory compliance: UAE law requires accurate financial records for FTA audits, DED licensing and corporate tax reporting. Poor records lead to penalties and can complicate licence renewal.
- Informed decision-making: management needs reliable, current financials to make sound decisions on pricing, hiring and investment.
- Cash flow management: clear visibility into income and expenditure helps a business avoid liquidity issues and plan ahead.
- Performance tracking: organised records let management monitor profitability, track cost centres and assess the return on specific investments.
- Audit readiness: clean books keep a business prepared for FTA reviews, corporate tax checks and internal or external audits at any time.
Why Businesses Outsource Accounting and Bookkeeping
Outsourcing accounting and bookkeeping to a specialist firm is a practical choice for many UAE businesses, from early-stage startups to established groups.
Cost efficiency
An in-house accounting team carries ongoing overhead: salaries, visa costs, benefits, training and software licences. Outsourcing gives access to a complete accounting function without long-term staffing commitments.
Access to qualified professionals
Outsourcing connects a business with certified accountants who understand UAE regulations directly, supporting better decisions on cost management and financial planning without the need to recruit specialist staff.
- Federal Decree-Law No. 47 of 2022 (Corporate Tax Law): under Article 56, all records supporting a corporate tax return must be retained for seven years from the end of the relevant tax period. This applies to taxable and exempt persons alike.
- Federal Decree-Law No. 7 of 2017 (Excise Tax Law): businesses dealing in excisable goods must maintain records supporting their excise tax position.
- Free zone and DED licensing requirements: most free zone authorities and the Dubai Economic Department require businesses to submit annual financial statements, often audited, as a condition of licence renewal.
All companies are also required to apply International Financial Reporting Standards when preparing periodic and annual accounts, under Article 27 of the Commercial Companies Law