Precision in numbers, power in growth Your trusted accounting partner in the UAE
Accounting in UAE
As per the UAE Federal Law No. 7 of 2017 on Tax Procedures, every UAE company should keep books of accounts of at least of 5 years from the end of its financial year. While the country is a favorable tax environment, it is mandatory for UAE companies to maintain accurate financial records to comply with Value Added Tax (VAT) [link to taxation service page] regulations and other financial reporting obligations. This includes regular audits and timely submissions to authorities. By adhering to these obligations, businesses can foster transparency, gain investor trust, and support sustainable growth in the dynamic UAE market.
OUR APPROACH
1. Discovery Call
We conduct a first meeting to clearly understand your business specificities and adjust our approach accordingly. We will also familiarize with the accounting software you use.
2. Accounting
Your Office Partners diligently create the charts of accounts for your accounting software, ensuring they align with UAE local regulations. Let’s connect.
3. Starting operations
Once the setup is finalized, operations are initiated within the accounting software. Your Office Partners ensures smooth meeting your needs in a timely manner.
4. Follow up
We maintain communication after setting up your business to address your inquiries and assist you with the tax, accounting, and compliance requirements necessary in the UAE.
Transaction Recording
Transaction recording is the process of documenting financial transactions in an organized manner.
Contact usFinancial Reporting
The process of producing and presenting financial statements that summarize the financial performance and position of an organization.
Contact usManagement of Accounts
Management of accounts refers to the process of overseeing and maintaining an organization’s financial records and accounts.
Contact usPayroll Bookkeeping
Payroll bookkeeping is the process of tracking and managing all financial aspects related to employee compensation within a business.
Contact usTax Preparation
Tax preparation is the process of organizing and preparing an individual's or business's financial information to meet tax obligations.
Contact usYear-End Closing
Year-end closing is the process of finalizing a company's financial records at the end of a fiscal year.
Contact usFinancial Analysis
The process of evaluating a company’s financial performance and position using data from its financial statements.
Contact usCompliance Support
Compliance support involves helping businesses adhere to relevant laws, regulations, and industry standards.
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Mohamed Saleem
Founder- Federal Tax Agent accredited from the UAE Federal Tax Authority
- Certified Enterprise Risk Manager, CPD (UK) certification ISO 31000
- Anti-Money Laundering certified, Risk Assessment and Enhanced Due Diligence
- SAR/STR Compliance
- Certified Management Accountant
Accounting
1. What accounting software do you work with:
We utilize Zoho Books and QuickBooks Online, and we can also provide support for QuickBooks Desktop in certain situations.
2. Do I need to clean up my books before I hand them over to Your Office Partners ?
No, we will incorporate clean-up services into our work estimate. Our team of financial experts will establish your industry-specific general ledger within the cloud accounting software that suits your requirements best.
3. I have multiple businesses; how can you help me ?
We focus on providing accounting and bookkeeping services tailored for multi-unit businesses and franchises. Our team can handle the financial records for each individual location while offering valuable insights into your business’s overall financial performance.
4. Do I need a bookkeeper if I already have an accountant ?
Bookkeepers and accountants play unique yet complementary roles in financial management. The bookkeeper primarily focuses on the regular maintenance of the client’s General Ledger. Their responsibilities encompass compiling daily data, maintaining and reviewing the ledger, as well as categorizing entries. Additionally, they reconcile the General Ledger with the Bank Statement and prepare financial statements. This foundational work ensures that the financial data is accurate and up-to-date, providing a solid basis for the accountant’s more advanced financial analysis and reporting tasks.
5. How much does Your Office Partners cost ?
We offer a fixed monthly rate that depends on your transactions and specific needs. Contact our expert for a detailed overview of our pricing.
Strong experience in the UAE
Strong experience in the UAE
As the founder of Your Office Partners, I have played a key role in establishing numerous businesses in the UAE over the years. My experience encompasses a range of industries, assisting entrepreneurs in overcoming obstacles and successfully reaching their objectives.
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