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Accounting services in Dubai

BESTAXCA offers accounting and advisory services in Dubai, UAE, including accounting and financial document management and the highest quality client support. Our accountants in Dubai will help you significantly reduce your administrative burden and excessive financial costs.

This allows our partners to manage and facilitate your work, focus on key risk areas, and improve business performance, providing greater flexibility to respond to the growing business and accounting needs in the UAE.

BESTAXCA is a recognized accounting firm in Dubai that caters to your diverse financial needs and enables your business to better strategize and reach new heights. Our chartered Accounting Services In Dubai specialize in many areas of accounting and finance, so our clients’ business accounting is in safe hands. You can rely on our team to provide accurate accounting services and allow you to devote your valuable time to other important areas of your business.

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Outsourced accounting services

CFO services

Fee-based outsourced services

Accounting and bookkeeping services

Fixed asset management

BESTAXCA – Accounting firm in the UAE

Accounting services in Dubai

Online or cloud accounting services in the UAE

It is most popular with start-ups and SMEs, as flexibility and scalability are very important in today’s world. Financial information can be accessed at any time from anywhere with internet access.

On-site accounting services in the UAE

Medium and large organizations choose it as migrating to another platform can be a time-consuming and tedious task. Provides closer interaction with customers.

Accounting system development and training in the UAE.

Assist in setting up appropriate accounting systems and processes. Training in the use of accounting software.

Temporary placement services for accountants in the UAE.

Qualified and experienced accountants are available for a period of one to six months. This period can be extended by mutual agreement.

Debtor and creditor management in the UAE.

This mainly includes:

Order/invoice creation

Electronic delivery of orders/invoices

Timely follow-up/timely payment

Regular status reports to management

Budget planning and forecasting services in the UAE.

Assistance in the preparation of regular budgets such as revenue and expenditure. In addition, cash flow forecasting, enables the company to know the expected incoming and outgoing flows and available balances for a given period.

Data entry or transaction processing services in the UAE.

BESTAXCA has a team supported by a back office in India and we can handle large volumes of data entry or transaction processing with a high level of accuracy and at very affordable prices.

External audit support services in the UAE

As audits are a core service of Bestaxca, we have a dedicated team that readily understands the requirements of external audits and works with the external team to ensure that they are completed in a timely manner.

Reconciliation tasks in the UAE

This is necessary in the case of very large volumes of data. Reconciliation services mainly include.

Cash/bank reconciliation

Inventory recovery

Accounts receivable and payable Reco

Management reporting services in the UAE.

Timely and tailored reporting to management to assist decision-making. Ensuring that the financial information provided is reliable and meets standards.

Accounting audit/internal accounting review services in the UAE.

Independently assess reports prepared by clients and recommend adjustments to improve the reliability of financial information and internal control procedures.

Sales Auditing Services in the United Arab Emirates

As BESTAXCA is listed by most mall authorities and performs more than 1000 sales audits per year for various well-known brands, BESTAXCA should be the preferred supplier for this service.

Review of compliance with VAT rules in the UAE and filing tax returns

As VAT is inseparable from the accounting system, we ensure VAT compliance and VAT registration for start-ups and very small businesses at very affordable prices.

Physical inventory control in the United Arab Emirates

The services include:

Physical counts (including barcode counts).

Inventory tracking

Marking of assets

Reconciliation with the system inventory

Harmonized procedure in the United Arab Emirates

Independent audit of the relevant accounts in accordance with ISRS 4400. In general, we perform the following tasks:

Revision of foreign currency transfers

Revenue review

Audit of expenses

Certification of receivables / receivables

Certification of statements

Any other relevant certification

Virtual CFO services in the United Arab Emirates

The services include:

Interpretation of financial information

Proposals for measures to increase revenue and control expenditure

Specific reports tailored to the customer’s needs to help make decisions, e.g. budgeting, KPIs and other business efficiency reports.

Why is it important to keep accounts in the UAE?

Legal requirements

a. Company law

The Companies Act requires all UAE-based companies to keep accounts in accordance with international accounting standards and to appoint an auditor to audit the accounts each year. The law requires all companies to keep accounts that reflect their results, provided that the accounts at all times provide an accurate picture of the company’s financial position. The accounts are kept at the registered office for at least five years after the end of the financial year.

b. VAT in the UAE

Under the VAT rules, a company in the United Arab Emirates must also record its business transactions and keep accounts.

Requirements for management

Accounting plays an important role in the management of a business because it helps track revenue and expenses, ensures compliance with rules and provides investors, management and authorities with quantitative financial information that can be used to make business decisions.

When should you consider outsourcing accounting and VAT in the UAE?

In general, outsourcing accounting functions is always more cost-effective than performing them internally. However, if you are a start-up company or an SME, it is advisable to outsource your accounts and VAT compliance to an external company.

Outsourcing is also a good option if a company needs to control the cost without compromising on the quality of the information.

There are many models for outsourcing, including outsourcing of data and accounting, outsourcing of monitoring, outsourcing of financial control, etc. Each of these options has its advantages.

How are costs and fees structured? Is outsourcing accounting in the UAE expensive?

Fees for outsourced accounting services are usually based on mixed rates per. meantime / day. These rates are calculated based on the time and expertise required to perform the task. In reality, it is only a fee for the productive hours spent on the task, so it is cheaper than internal teams.

Do you get advice on technical and commercial VAT and other aspects of compliance?

During professional outsourcing, teams are trained to identify and control relevant legal requirements, including VAT, excise duties, ESR, etc. The customer is therefore advised at an early stage on what requirements must be met and what process must be followed to do so.

What are the different sanctions for incorrect and premature posting?

Administrative fines for non-accounting and documentation are laid down in federal law and range from AED 10 000 to AED 1 000 000.

What additional support does the customer receive when he/she outsources accounting services in the UAE?

In addition to accounting and reporting, the company receives professional support and advice in various areas, including legal requirements, payroll, banking, budgeting and forecasting, fundraising, etc.