Expert Accounting & Bookkeeping Services in Dubai
The UAE financial sector is evolving fast. Every business, including startups, must maintain accurate records and meet regulatory requirements. Farahat & Co. provides transparent and compliant accounting services by Certified Chartered Accountants to help you make smart business decisions while staying aligned with UAE VAT and Corporate Tax laws.
It is important for businesses in Dubai, UAE to keep proper records of their business transactions. This is necessary in order to meet the legal requirements of the country and to facilitate business expansion. Outsourcing accounting and bookkeeping services helps to enhance the effectiveness of organizations, support legal requirements and foster strategic thinking.
At Farahat & Co. We provide efficient and professional accounting and bookkeeping services in Dubai to assist you with your financial needs so that you can concentrate on other important aspects of your business.
What Is Accounting and Bookkeeping?
It is useful to know the fundamentals of accounting and bookkeeping to realize why they are necessary for any business.
What is Bookkeeping?
Bookkeeping services include the organized recording and compilation of business information. This involves making sure that all the business transactions such as payment, receipt and expenses are well accounted for. In the UAE, bookkeeping services in Dubai are especially important for ensuring VAT compliance and maintaining records for audit requirements.
What Is Accounting?
Accounting services in Dubai, for instance, are not limited to keeping records. Some of the key features of accounting include; the organization, and interpretation of the financial information that is compiled by the bookkeeping services. Accounting is crucial in businesses based in Dubai since it assists in the preparation of financial statements, evaluation of the business’s performance, and decision making.
Key Differences between Accounting and Bookkeeping in the UAE
It is important for a business to know the difference between accounting and bookkeeping services so as to ensure that the financial management of the business is proper:
| Aspect | Bookkeeping | Accounting |
| Definition | Systematic recording of daily financial transactions. | Interpreting, analyzing, and summarizing financial data to generate reports and insights. |
| Focus | Accurate documentation of all financial transactions. | Analyzing financial data to inform strategic decisions. |
| Scope | Recording transactions, maintaining ledgers, and reconciling accounts. | Preparing financial statements, tax filings, budgeting, and financial analysis. |
| Skills Required | Basic understanding of financial transactions and attention to detail. | Advanced knowledge of accounting principles, financial analysis, and regulatory compliance. |
| Regulatory Aspect | Ensures transactions are recorded in compliance with UAE laws. | Ensures financial statements and reports comply with IFRS and UAE regulatory standards. |
Why Are Accounting and Bookkeeping Important?
Bookkeeping and accounting services are the basic and most important aspect of keeping a business in a financially sound condition. In Dubai, these services are important because of the legal requirements such as the Commercial Companies Law and the Federal Tax Authority (FTA).
Here’s why they matter:
- Compliance with Laws: It is important to note that under the UAE law, it is a requirement that companies keep business records for at least five years. The records must also be VAT compliant.
- Transparency: Providing a clear and comprehensive business report is very crucial in developing the trust of stakeholders, partners, and even investors.
- Growth Opportunities: Financial information in an organized manner can be used by a company to find out the possible areas of growth, get rid of unwanted expenses and make wise choices.
- Avoid Penalties: If the filings are wrong or if they are delayed, there are penalties to pay. The accounting and bookkeeping services in Dubai that we offer ensure that all legal consequences are avoided.
Our Accounting and Bookkeeping Services Include:
1. General Bookkeeping Services:
The business must maintain business records in well-organised and good condition. Our professional bookkeeping services are extremely precise, thus every transaction is properly documented to deliver clear and precise business statements.
2. Financial Statement Preparation:
We also assist in the preparation of the business statements. This includes the income statement, the balance sheet and the cash flow statement. The financial reports give a clear view of your business status and are useful in making the right decision for your business.
3. Accounting and Compliance:
Managing VAT and complying with the FTA’s guidelines in the UAE can be a difficult process. We help with proper VAT computations, FTA compliance and proper filing at the right time to avert penalties.
4. Payroll Processing:
We handle payroll management services including payroll management, ensuring timely salary disbursements, compliance with UAE labor laws, and accurate calculation of benefits, deductions, and gratuity.
5. Budgeting and Forecasting:
The most important factor in any business is proper planning. The budgeting and financial forecasting services help you to have a good plan on how to meet your business objectives while at the same time being financially prudent.
6. Financial Reporting:
Detailed financial reports enable you to make better decisions. Our financial reporting services are designed to give you complete information about your business performance which can help you with strategic planning.
7. Business Setup:
We help in the formation of the business by ensuring that all legal and financial aspects are properly met. From business registration to licensing process we are here to guide and assist you at every stage.
8. Tax Consultancy:
Our tax consultant offers expert advice on UAE tax laws and assists you in planning your tax strategy. We assist you to understand and comply with the tax laws and reduce tax liabilities.
9. Internal Auditing:
Carrying out frequent internal auditing is a good practice to ensure all the financial statements are accurate. Our internal auditing services evaluate the areas for development and also check the transparency of the financial operations.
10. Financial Planning:
To attain your business objectives, financial planning plays a vital role. We offer you financial planning services to create sound financial strategies that will align well with your long-term objectives.
Why Choose Us for Accounting and Bookkeeping Services?
As for the accounting services and bookkeeping services in Dubai, Farahat & Co. is considered one of the best choices. Here is why you should choose us:
Proven Legacy of Excellence:
At Farahat & Co. we have been providing our professional accounting and financial services to various businesses since 1985 in Dubai.
ISO-Certified and Regulated Firm:
We are an ISO certified company and a witness to the quality and reliability of our services. Furthermore, we are recognized by major UAE institutions such as DIFC, UAE Courts and several free zones as a certified auditor and liquidator.
Licensing and VAT Expertise:
We are a VAT and tax consulting company, duly licensed by the UAE authorities to offer various financial compliance services. From bookkeeping and VAT return to financial audits, we make sure that all legal requirements are met.
Global Network Membership:
Being a member of the Leading Edge Alliance (LEA) Global Network, we offer best practices which are compliant with the UAE laws. This guarantees that our clients get financial strategies that are innovative and lawful.
Confidentiality and Security
We ensure the confidentiality and security of your financial information as our top priorities. All the data is protected and kept secure & confidential by the company’s strong data security policies.
Need Expert Accounting Consulting and Advisory For Your Business in the UAE?
Our consulting goes beyond basic bookkeeping. We assist companies in the deployment of effective solutions, regulatory compliance, and business optimization based on the professional analysis and advice.
Our major consulting services are:
- Corporate Tax planning and compliance and VAT.
- Auditing and financial reporting services.
- Implementation and process improvement of accounting system.
- Budgeting, forecast and management reporting.
- Corporate tax internal control establishment and review.
- Guideline on complicated accounting principles and UAE-related adherence.
What is Cloud Accounting and Bookkeeping Solutions
Digital transformation has redefined financial management for businesses. To keep up, Farahat & Co. offers secure cloud-based accounting and online bookkeeping to simplify financial management.
Online Accounting and Cloud-Based accounting.
Cloud accounting lets businesses track financial performance in real time from anywhere.
Key Features and Benefits:
- Live financial access and dashboards and immediate reporting.
- Time-efficient and human error reduced automation of bookkeeping services.
- Remote bookkeeping to have flexibility and convenience.
- Improved decision-making based on proper and current data.
- Safe data handling using high data encryption levels.
- Easy integration with other business tools and systems.
Cloud bookkeeping in the UAE offers better scalability, transparency, and control than traditional methods. It is wiser, quicker and less risky to the contemporary companies.
Professional Bookkeeping Services.
Farahat & Co. delivers tailored bookkeeping services that align with each client’s financial goals. Our approach ensures compliant financial records that support business growth.
Our bookkeeping systems are:
- Bank reconciliation of correct financial matching.
- Monitoring cash flow in order to control liquidity and gain predictions.
- Tracking of expenses and invoicing, and payments.
- Monthly performance review and financial statements.
- Industrial-specific bookkeeping and taxes.
- Bespoke products aimed at both SMEs and big business.
Our team provides you with an overall robust and compliant financial base with well-composed reporting and regular updates.
Looking for Audit-Ready Financial Reporting and Strategic Business Insights in Dubai?
Transparency and compliance require detailed business reporting and auditing. Farahat & Co. provides audit-ready accounting aligned with UAE and international standards.
Audit-Ready Internal Controls and Accounting.
This will be done with accurate records, well-organized systems, and strong procedures to every client.
We specialize in:
- Compliance arrangement and internal control in UAE.
- Implementation and review of Internal Controls.
- Creating a tailor-made Internal Control Framework.
- Fraud detection and investigation in Dubai Forensic accounting.
- Cost accounting to determine the business profitability.
We help businesses stay audit-ready year-round to comply with local and global standards.
Strategic Insights and Financial Reporting.
Business reporting isn’t just compliance — it’s a tool for smarter business decisions.
The services we offer are reporting and advisory, which involve:
- Good business reporting and planning.
- Dubai based enterprise cash flow analysis.
- Trial balance reporting and reconciliation.
- Strategic advice and CFO counseling.
- Planning future growth by budgeting and forecasting.
- Analytics and financial intelligence.
Our CFO advisory team turns raw financial data into actionable business insights.
Need Customized and Scalable Solutions for Your Startup or SME ?
Startups and SMEs need agile financial management that evolves with their growth. Our scalable UAE services grow with your business — from startup to expansion.
Accounting Support (Startups and SMEs).
We give the small business tools and directions to financial control.
Our services include:
- Customised SME solutions.
- Cash flow forecasting and financial reporting.
- Real-time insights to make informed decision-making.
- Business development strategy.
- Accounting solutions that grow with your changing needs.
Our accountants help SMEs build sustainable and successful financial systems.
Cost-Effective and End-to-End Solutions.
We offer end-to-end financial management solutions that reduce admin work and boost financial efficiency.
Our solutions include:
- Dubai-based customized accounting solutions.
- Proper financial account records and balances.
- Accounting services of all sizes made affordable.
- Accounting outsourcing in order to cut overhead expenses.
- Adoption of technology to automation and analytics.
- Clear accounting services in order to achieve compliance.
We have a technology-based strategy to make sure that there are no problems with financial management, and you are concentrated on business development.
Get Started with Farahat & Co.
At Farahat & Co. we are dedicated to making the financial management as easy as possible for you. If you require bookkeeping services in Dubai, accounting services in Dubai or a complete financial solution for your business, we are here for you. Let us manage your finances so that you can focus more on achieving your business objectives.
Get in touch with us to find out how our accounting and bookkeeping services in Dubai can add value to your business.
FAQs About Accounting and Bookkeeping Services
Why is it important to engage an experienced accounting and bookkeeping service provider?
Should accounting and bookkeeping firms be certified or regulated?
Yes. Selecting a certified and government-regulated firm is essential, as it demonstrates compliance with international standards and local regulatory requirements, thereby ensuring the accuracy and integrity of financial reporting.
Do accounting and bookkeeping services extend to VAT and licensing matters?
In most cases, professional firms provide comprehensive financial support that includes assistance with VAT registration, filing, and compliance, in addition to guidance on trade licensing and related regulatory obligations.
Is it advantageous for an accounting firm to be affiliated with an international network?
Yes. Affiliation with a global network allows an accounting firm to apply international best practices, support clients with cross-border operations, and enhance the overall quality of financial advisory services.
What is the difference between accounting and bookkeeping?
Bookkeeping involves recording financial transactions, while accounting includes interpreting, analyzing, and summarizing that data to guide business decisions.
Do I need VAT support for my small business in Dubai?
Yes. All UAE businesses crossing the mandatory threshold must register for VAT and file returns in compliance with FTA regulations.
Can accounting software replace professional accountants?
No. Software simplifies tasks but cannot replace professional judgment, compliance expertise, and strategic advisory services.
How often should financial statements be prepared?
Ideally, monthly or quarterly — depending on your business size and reporting requirements.
Who regulates accounting practices in Dubai?
The UAE Ministry of Economy and Federal Tax Authority (FTA) oversee and regulate accounting and auditing standards in the country.
How is the confidentiality of financial records maintained by accounting and bookkeeping service providers?
Reputable firms implement strict confidentiality policies, adopt secure digital systems, and comply with data protection regulations to safeguard all client information and financial data against unauthorized access.
+971 52 6922588 | Tel: +971 4 2500251 | E-mail: sales@farahatco.com
