Bookkeeping, accounting standards and audited financial statements: what the FTA, free zones and banks require

We keep your books on accrual or cash basis as allowed, reconcile bank and VAT every month, prepare year-end accounts, coordinate the audit where the law or your zone needs it, and hand over clean figures for VAT and Corporate Tax.

AED 800Monthly

For: All UAE businesses that must keep records for Corporate Tax and VAT, and those that need audited accounts: Qualifying Free Zone Persons, taxpayers above AED 50 million revenue, tax groups, and free zone companies whose zone asks for audits.

What we need from you

Bank statements for all accounts
Reconciliation
Sales and purchase invoices
VAT and income records
Payroll and WPS files
Staff costs
Fixed asset purchases
Depreciation
Loan and lease contracts
Interest and lease accounting
Revenue estimate for the year
Accounting standard and audit test

What we discuss

What is your revenue band?
Cash basis, IFRS for SMEs or full IFRS
Are you a Qualifying Free Zone Person or above AED 50 million?
Audit required
Does your zone ask for audited accounts at renewal?
Audit for licence purposes
Which software will you use?
E-invoicing readiness and VAT reports
Did you ever file ESR reports for 2019 to 2022?
Legacy ESR obligations

What we file

Monthly bookkeeping and bank reconciliation
Year-end financial statements
Audit, where required

What you get

Monthly management accounts
Year-end financial statements
Audit coordination file

The law

Art 56, Federal Decree-Law 47 of 2022: Corporate Tax records kept for 7 years Source
Art 54, Federal Decree-Law 47 of 2022 and Ministerial Decision 84 of 2025: Audited statements for taxpayers above AED 50 million revenue, Qualifying Free Zone Persons and tax groups Source
Ministerial Decision 114 of 2023: Accounting standards: IFRS; IFRS for SMEs and cash basis for smaller businesses Source
Cabinet Decision 98 of 2024: Economic Substance Regulations do not apply for periods from 1 January 2023 Source

Questions people ask

Online payment in AED is not open yet. Send us a message and an adviser for United Arab Emirates confirms the scope and the fee before any work starts.