Accounting and bookkeeping are crucial functions for any enterprise. However, many companies operating in Dubai struggle to maintain accurate records. Besides, they need to comply with the UAE accounting standards. Poor accounting practices can cause legal and financial liability for companies. Companies will have to pay hefty penalties. Non-compliance can even lead to the suspension of a company’s business license.
As one of the top accounting firms in Dubai, we can help you to keep your accounting and bookkeeping records accurately and updated all the time. Irrespective of the size of your organization, the accounting function enables decision-making, cost planning, and economic performance measurement processes. Our accounting services in the UAE are geared toward complying with the International Financial Reporting Standards (IFRS). Furthermore, we have a team of qualified and certified accountants to handle your accounting services in Dubai.
At CIG Business Services, a subsidiary of Capital International Group of Enterprises LLC., we have the experience and expertise to cater to businesses of all sizes, from start-ups and SMEs to large international enterprises. That’s why we offer flexible accounting service packages to meet their specific business requirements.
Our Accounting and Bookkeeping Services
We are one of the leading bookkeeping and accounting firms in Dubai, and the services we offer are:
Accounting and Bookkeeping
We will take over the burden of not only recording but also updating the financial transactions and carrying out bank reconciliations.
As thebest accounting and bookkeeping services in Dubai, we will work closely with you to ensure that the figures in the general ledger are accurate, up to date, and that the balances are correct.
CIG Business Services is by far the most reliable and trustworthy VAT consultancy in Dubai, and we will prepare VAT reports on a quarterly basis so that you know clearly whether you have to pay or get a refund.
As one of the accounting firms with many years of experience, we will also provide the assistance needed to complete the financial year audit process.
We can generate a wide range of financial reports that will help you understand the performance of your business.
Other services we offer:
- We offer highly reliable business support services
- We have extensive experience in accounting and bookkeeping
- We have qualified and certified accounting professionals on our team
- We provide customized services
- We offer our services at competitive rates
- We offer the best turnaround times
The UAE follows GAAP accounting principles of its own and they are applicable to all the government entities as well as the state-owned companies in the UAE. As one of the best bookkeeping services in Dubai, we will ensure that the UAE accounting standards are complied with.
The accounting principles followed in the UAE include recognizing income when it is realized or is realizable, recognizing expenses when they are incurred, and recognizing revenues when they are earned. Besides, assets and liabilities should be valued at fair prices, except for leases and financial instruments and leases.
As one of the most professional bookkeeping firms in Dubai, we are aware that running a business in Dubai is easy. However, it can turn out to be a nightmare if you do not maintain your account accurately and comply with the regulatory requirements.