Accounting Services in Dubai
Accounting & Bookkeeping Services in the UAE
Your business generates numbers every day. Most business owners never see them clearly until year-end, by which time opportunities have passed and tax surprises are waiting. PROFITZ ADVISORY handles your accounting end-to-end: daily bookkeeping, monthly financial statements, AR/AP management, and tax-ready records. You get clarity, control, and confidence in your numbers.
Serving SMEs and growing businesses across Dubai, Abu Dhabi, Sharjah, Ajman, Free Zones, and all emirates.
Why Accounting Matters for Your Business
- Monthly Financial Statements: P&L (profit/loss), balance sheet (assets/liabilities), and cash flow forecast tell you exactly where your business stands
- Tax Compliance: Accurate accounting feeds into VAT returns, Corporate Tax returns (annual), and WPS payroll processing. Mistakes compound across all three.
- Dedicated Consultant: A dedicated financial consultant to take care of your entire reporting, bookkeeping, training, and accounting needs.
- Cash Flow Control: Tracking receivables (money owed to you) and payables (money you owe) prevents cash shortages and forecasting errors
- Decision-Making: Management accounts show you actual margins, cost breakdowns, and performance by division, not just total revenue
Most UAE businesses do bookkeeping reactively, catching up after months have passed. PROFITZ ADVISORY does it proactively: clean books every month, ready for tax, ready for decisions.
Our Accounting Services
Complete accounting support from daily entries to annual statements.
Monthly Bookkeeping & Accounts
Invoice processing, expense categorization, bank reconciliation, journal entries, monthly trial balance and financial statements.
Complete by 15th of following month
Bank Reconciliation
Monthly matching of bank statements to accounting records, reconciliation of all clearing items, identification of discrepancies, fraud detection.
Monthly
Accounts Payable & Receivable
Management of supplier invoices, payment scheduling, customer invoice tracking, aging reports (who owes you, who you owe), cash flow forecasting.
Ongoing + monthly reports
Financial Reporting
Monthly P&L statements, balance sheets, cash flow forecasts, variance analysis, commentary on performance drivers and trends.
Monthly + quarterly + annual
Management Accounts
Detailed financial analysis with budget comparisons, cost breakdowns by department/product, KPI dashboards, cash flow forecasts for next 6-12 months.
Monthly or quarterly
Outsourced Accounting
Full accounting function handled by PROFITZ ADVISORY (bookkeeping, reconciliation, statements, tax prep). You handle operations. We handle numbers.
Ongoing (no in-house team needed)
Journal Entries & Adjustments
Accrual adjustments, prepaid expense allocations, depreciation, inventory adjustments, period-end closing entries, amortization.
Monthly (at month-end)
Tax Prep & Compliance
Periodic VAT return preparation, Corporate Tax calculations, WPS payroll reconciliation, audit readiness, FTA documentation support.
Monthly + annual
How Monthly Bookkeeping Works
Complete accounting support from daily entries to annual statements.
1. Collection (Days 1–3 of following month)
You provide invoices, bank statements, expense receipts, and payment records. We collect all transaction data via a secure cloud portal.
2. Processing (Days 4–10)
We categorize every transaction, code to correct GL accounts, reconcile bank deposits to invoices, identify discrepancies.
3. Reconciliation (Days 11–13)
Bank reconciliation complete. AR/AP aged. Payroll reconciled. All transactions matched to supporting docs.
Reporting (Day 14–15)
Month-end close complete. Financial statements delivered: P&L, balance sheet, cash flow, AR aging, AP aging. Ready for decision-making and tax filing.
Who Should Use VAT Services
✓ Revenue above AED 375,000, mandatory registration required
✓ VAT filing with the FTA
✓ Free Zone entity with UAE-mainland transactions
✓ Never had VAT compliance review; want clarity on exposure
✓ Unsure if you’re claiming input VAT correctly
✓ Facing FTA inquiry, audit, or assessment notice
Running a business in Dubai means staying on the right side of the FTA; there’s no way around it. Whether you’re filing as a single company or a tax group, VAT compliance is what keeps those heavy penalties at bay. We handle the technical side of your quarterly returns so you don’t have to worry about the paperwork. Our consultants ensure every dirham collected and paid is reported accurately and on time. It’s more than just filing; it’s about having a clear financial roadmap that lets you focus on growing your business without the stress of an audit.
Our Engagement Process
1. Financial Discovery
We review your current accounting setup, books, platform, and identify gaps. Assessment report shows what’s working and what needs fixing.
2. Proposal & Setup
We outline which services fit your needs, timelines, deliverables, and pricing. Cloud platform setup if needed. Team training
3. Monthly Delivery
You send transactions each month (via cloud or email). We close books by the 15th. You get clean financials, AR/AP reports, tax-ready records.
4. Ongoing Optimization
Quarterly business reviews. Process improvements. Tax planning. Integration with VAT and Corporate Tax filings.
NB*** It is important to note that these documents are only intended to be broad guidelines; depending on your particular business circumstances, more paperwork can be needed. For the most exact and current details on the paperwork needed for VAT registration in the UAE, our accounting firm provides vat consultants.We are one of the the best VAT consultants in Dubai, providing specialized expertise and guidance on Value Added Tax (VAT) matters to businesses operating in Dubai, United Arab Emirates.
Who Should Use Accounting Services
✓ SMEs with revenue above AED 500,000 (accounting becomes critical)
✓ Startups and growing companies (need clean books for investors, lenders)
✓ Businesses without in-house finance team (outsource accounting entirely)
✓ Companies with cash flow challenges (need AR/AP tracking and forecasting)
✓ Free Zone and mainland businesses across all emirates
✓ Any business preparing for VAT, Corporate Tax, or audit
Industries We Serve
- Retail & E-Commerce: Inventory tracking, cost of goods sold (COGS), multi-channel sales reconciliation
- Food & Beverage: COGS management, wastage tracking, supplier accounts, margin analysis by menu item
- Professional Services: Project-based accounting, time tracking to revenue, client billing and AR
- Manufacturing: Inventory valuation, work-in-progress tracking, cost allocation by production line
- Import/Export: Landed cost tracking, customs duty accounting, multi-currency transactions
- Construction: Job costing, progress billing, subcontractor retention, change-order tracking.
- Startups: Burn rate, runway forecasting, cap table equity, SaaS revenue recognition.
- Healthcare: Insurance billing, patient copays, supply inventory, provider splits.
What Will You Provide
- Trade licence and business registration
- Current accounting system access (Xero, QBO, Excel, or manual records)
- Last 12 months of bank statements
- Invoice and receipt records (or scanned copies)
- Payroll records and WPS transaction history
- VAT registration details (if applicable)
- Fixed asset list and depreciation schedule (if owned assets)
- Any prior accounting reports or financial statements
About PROFITZ ADVISORY - VAT Consultants in Dubai
PROFITZ ADVISORY is a UAE-based accounting and tax advisory firm founded in 2020. We work with SMEs and growing businesses across all emirates; Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, and Free Zones. We handle bookkeeping, accounting, VAT compliance, Corporate Tax filing, payroll, and financial audits.
Our approach is straightforward: we don't use jargon or make simple things complicated. We handle the numbers, you handle the business. Whether you're a startup setting up your first books or a growing company needing deeper accounting insights, we bring the same level of clarity and accountability to every engagement.
Over 500+ businesses in the UAE trust us to keep them compliant, tax-ready, and in control of their finances.
Ready to Get Your Finances in Order?
Book a free 30-minute consultation. No obligation, no hard sell.
Questions
Bookkeeping is recording transactions (invoices, payments, expenses). Accounting is analyzing those transactions to produce financial statements, tax returns, and business insights. Bookkeeping is the input; accounting is the output.
By the 15th of the following month, provided all required documents and data are shared with us on time. So January transactions are closed and reported by February 15. This gives you fast insight and allows time for tax filing.
Bank reconciliation matches your accounting records to your actual bank statement. It catches errors, identifies fraud, and ensures your books match reality. Monthly reconciliation is standard.
Accounts receivable is money owed to you (outstanding customer invoices). Accounts payable is money you owe (outstanding supplier invoices). Tracking both is critical for cash flow forecasting and prevents cash shortages.
Financial statements (P&L, balance sheet) are standardized reports for tax/audit purposes. Management accounts include those plus budget comparisons, margin analysis, cost breakdowns, and commentary. Management accounts are for internal decision-making.
Yes. Clean monthly accounting makes VAT and Corporate Tax filing much faster. We coordinate across all three so your tax calculations are accurate and timely.