Accounting Service in Dubai
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Accounting Service in Dubai
Hiring an accounting service in Dubai to take over your financial needs is a cost-effective solution for entrepreneurs. Whether youтАЩre starting a business or are already established in the country, Momentum has the perfect team of accountants for you. You can get expert advice and streamlined financial management from professionals who provide unlimited support to help you grow your business.
What are the UAE Accounting Standards?
In 2023, the Federal Tax Authority put out a report stating that following the International Financial Reporting Standards (IFRS) would be mandatory for corporate tax reporting. This meant that all the accounting firms in UAE would use the IFRS for corporate tax reporting. As most businesses have to register for corporate tax, itтАЩs best practice to stick with these accounting standards.
The IFRS is used by most countries and is based on a set of principles that influences how businesses record transactions. It also aims to make financial statements easier to read and analyse across companies.
Why Should You Hire an Accounting Firm in Dubai?
Niche Expertise
Our accountants have multiple years of experience dealing with different industry sectors in the country, giving them an in-depth understanding of how to maintain and analyse financial information in every niche.
Cost-Effective
Hiring an accounting service in UAE saves you the trouble of hiring and maintaining an in-house team. This process can be expensive, especially if youтАЩre just starting out or trying to keep costs to a minimum.
Stay Focused on Generating Profits
Momentum can handle your day-to-day transactions and financial reporting, allowing you to focus on your main operations. You donтАЩt have to worry about tracking down invoices or recording cash payments, weтАЩve got it all covered.
Increased Tax Compliance
An accounting service in Dubai will house experts that can prevent compliance issues. Our team is skilled at keeping businesses in the FTAтАЩs good books, and can help you avoid unnecessary penalties with accurate, reliable tax preparation and reporting.
Choose Momentum, the Best Accounting Firm in Dubai
- Seasoned professionals
- Expertise in every business sector
- Access to latest accounting software
- Value added services
- Personalized support
All Our Accounting Services in UAE
Bookkeeping
Data Entry, Accounts Payable & Receivable, Generating Reports
Tax Planning
VAT Registration, Corporate Tax Registration, Tax Reporting
Payroll Management
WPS Compliance, Payroll Reconciliation, Insurance & Medical Calculations, Gratuity, Leave Calculations
Financial Reporting
Income Statement, Cash Flow Statement, Corporate Governance Report, Board of Directors Report
Account Reconciliation
Credit Card Reconciliation, Vendor Reconciliation, Bank Reconciliation
Financial Advisory
Tax Planning, Budgeting, Repatriation, Investment Planning
Our Pricing Packages
As a leading accounting firm in Dubai, our pricing structure allows clients to get the most value out of our services.
BASIC PLAN
- Up To 50 Monthly Transactions
- Get Free VAT & ESR Assessment
- Updating Day To Day Transactions
- Sales
- Purchase
- Purchase
- Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Bank Reconciliation
- Balance Sheet
- Income Statement
- -
- -
ADVANCED PLAN
- Up To 150 Monthly Transactions
- Get Free VAT Consultation & ESR
- Notification Guidance With Annual Accounting Plan
- Updating Day To Day Transactions
- Sales
- Purchase
- General
- Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Bank Reconciliation
- Balance Sheet
- Income Statement
- Cash Flow Statement
- -
PREMIUM PLAN
- Up To 400 Monthly Transactions
- Get Free VAT Consultation & ESR
- Notification Guidance With Annual Accounting Plan
- Updating Day To Day Transactions
- Sales
- Purchase
- General
- Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Bank Reconciliation
- Balance Sheet
- Income Statement
- Fixed Asset Register
- Financial Analysis
Service Add-Ons For Entrepreneurs & Businesses
Specially designed packages to simplify your Account Management
- 01.
PRO Services
We help you get visas for your employees, handle trade license applications for business setup, and get documents attested.
- 02.
Audit Services
We provide auditors for both external and internal audits to help you identify and fix problem areas, and build stakeholder confidence.
- 03.
Trade Mark Registration
We can guide you through registering a trade mark for your business name.
- 04.
Legal Advisory
Our team can advise on how to stay compliant with UAE laws and help your business navigate and prepare business contracts.
- 05.
Opening a Bank Account
Business bank accounts can be difficult to open in the UAE. Our relationships with banking institutions can speed up the process.
- 06.
Business Advisory
Momentum can help businesses expand their operations, provide consulting services, and assist with corporate restructuring.
Leave Your Accounting & Bookkeeping To Momentum
Work with Momentum, an established accounting service in Dubai, and get access to accountants who can streamline your financial operations. We take the time to understand every clientтАЩs needs to effectively manage their books and reporting. Our team has worked with companies across industries, so youтАЩre in good hands.
Frequently Asked Questions
The UAE follows the IFRS (International Financial Reporting Standards) for corporate tax reporting.
Accounting deals with analyzing and assessing recorded transactions. Bookkeeping deals with accurately recording daily transactions. The data recorded by bookkeeping forms the basis of accounting.
Hiring an accounting firm in UAE can be cost-effective for businesses. External accountants bring expert knowledge, access to the latest accounting software, and can help you stick to revenue generating activities.
In the UAE, multiple businesses choose to work with external accountants as a way to reduce costs. Momentum offers expert accounting and bookkeeping services for businesses looking to efficiently manage their finances.
Momentum accountants can manage the financial records and reporting for businesses set up in a Dubai free zone. Free zone businesses have more compliance requirements so meticulous recordkeeping is recommended.
Free zone businesses have to conduct audits every year to maintain their commitment to financial transparency. You can hire an auditing firm in Dubai to help you conduct the audit.
If youтАЩre new to the countryтАЩs business landscape, hiring an accounting service in UAE can be beneficial to stay compliant and handle your financial needs.
You should choose an accounting firm that is familiar with your industry, has competitive pricing, and provides all the services that you need.
Payroll management, bookkeeping, account reconciliation, financial reporting, tax planning, financial advisory are all some accounting service examples. Momentum is a leading accounting firm in UAE that provides all these services to businesses across the country.
