Book Keeping and Accounting Services

EFFICIENTLY MANGE YOUR ACCOUNTING, PAYROLL and FINANCIAL REPORTS

Rely on our team of skilled accountants to adeptly oversee your financial management. We offer services such as bookkeeping, reconciliation, generating financial reports, managing payroll, preparing VAT reports, and providing audit assistance.

Leverage our accounting solutions to maintain precise and compliant documentation of your company’s financial transactions. Irrespective of your business’s scale, accounting remains essential for informed decision-making, expense projection, and evaluation of your financial achievements. Our accounting offerings adhere to the guidelines set forth in the International Financial Reporting Standards (IFRS) or International Financial Reporting Standards for SME’s (IFRS for SME’s) and are overseen by a team of extensively qualified certified accountants. One of the priorities for corporate tax is to ensure accurate and accounting based on UAE applicable framework. Get in touch with Business One Tax and Accounting to be one step ahead for the accounting needs for your company.

OUR ACCOUNTING SERVICES

Bookkeeping:

Allow our accountants to relieve you from the task of documenting and regularly updating your day-to-day financial transactions, as well as conducting bank reconciliations.

Account Reconciliation:

We will assist you in verifying the accuracy of the numbers within your general ledger, ensuring that the balances align accurately.

Payroll Management:

We will manage your company’s monthly payroll, including generating reports, preparation of WPS files, making WPS payments, gratuity calculations and leave salary and annual air fare calculations, pay slips.

Audit Support:

We will support you throughout the audit procedure, ensuring that your records are aligned with the International Financial Reporting Standards (IFRS).

Financial Reporting:

We generate financial reports to help you determine how your business is performing. These include the following:

Trial balance
Profit and loss statement
Balance sheet
Cash flow statement
Equity
General ledgers (Customer and Supplier SOA)

Navigating Accounting Services for Startup Ventures in the UAE

Being a reputable accounting and auditing firm, our expertise spans across diverse sectors, particularly in assisting emerging start-ups. Start-up enterprises often encounter heightened financial challenges and resource constraints attributed to increased capital expenditures and limited market presence. To address these predicaments, Business One Tax and Accounting extends support to entrepreneurs by offering the following comprehensive services:

  • Bookkeeping and Data entry services.
  • Managing payables and receivables.
  • Preparation of periodic financial reports.
  • Measuring performance analysis.
  • Initial investment analysis.
  • Arrangement of Bank facility.
  • Feasibility study.
  • Helping in setting up of Internal control procedures.
  • Provide advises on financial strategies and plans.
  • VAT filing.
  • Provide compliance services with standards.
  • Budgeting the expenses and planning on fixed asset expenditures.