Accurate and up-to-date financial records are not just a good business practice — they are a legal requirement for UAE-registered companies. With the introduction of UAE Corporate Tax, the FTA’s requirements for financial record maintenance, and the increasing scrutiny from banks and auditors, bookkeeping has become a core compliance function for every business.
AM Consultancies provides professional accounting and bookkeeping services that give you full visibility over your financial position, ensure compliance with UAE accounting standards, and keep you prepared for tax filings, audits, and banking requirements.
- WHAT WE DO
Bookkeeping & Ledger Maintenance
Regular recording of all income, expenses, invoices, payments, and bank transactions in an organised, accurate, and properly structured format.
Management Accounts
Monthly or quarterly management accounts to give you a clear picture of your business performance — P&L, balance sheet, and cash flow statements.
Invoice & Expense Processing
We record and reconcile invoices, supplier bills, and expense reports, ensuring everything is categorised correctly for VAT and CT purposes.
Bank Reconciliation
Regular reconciliation of your bank statements against your accounting records to maintain accuracy and identify discrepancies early.
Payroll Processing
Accurate monthly payroll calculations, WPS-compliant salary transfers, and payslip preparation for your employees.
Year-End Accounts Preparation
We prepare your annual accounts ready for audit sign-off, providing the foundation for Corporate Tax return filing.
WHY ACCURATE BOOKKEEPING MATTERS IN THE UAE
Since the introduction of UAE Corporate Tax, the FTA expects businesses to maintain accounts prepared in accordance with IFRS or IFRS for SMEs. Inaccurate or incomplete records can result in incorrect tax filings, penalties, audit difficulties, and complications with bank reviews. Investing in proper bookkeeping from the outset protects your business and reduces your compliance risk significantly.
Audit requirements vary by legal structure, free zone rules, and company size. Many free zone authorities require an annual audited financial statement. Mainland companies above certain thresholds or in specific sectors may also require external audits. We will advise based on your specific situation.
Yes. We can review and migrate your existing records into a clean, properly structured system and take over ongoing bookkeeping from any point in the financial year.
We work across multiple cloud-based accounting platforms including Xero, QuickBooks, and Zoho Books. We recommend the most suitable platform based on your business size and requirements.
