Accounting · Accounting
Accounting Services in Dubai & the UAE
Outsourced accounting run by a named accountant — monthly close, reconciliations, VAT-ready ledgers and management accounts, then year-end IFRS financial statements and the figures your corporate tax return is built on.
- Named Accountant
- Monthly Close
- Year-End IFRS Accounts
Licensed by Dubai DET · Licence 1394564
At a glance
- Accountant responsible for your file
- Named
- Close, reconciliations and management accounts
- Monthly
- Basis for your year-end financial statements
- IFRS
- Minimum record retention under the Corporate Tax Law
- 7 years
Accounts you can file, defend and decide with
Since corporate tax arrived, your accounting profit is the starting point for the tax you pay, and your ledgers feed every VAT return. The Corporate Tax Law requires records to be kept for at least seven years, many free zones ask for audited accounts at renewal, and banks want recent figures before they lend. Books that are only tidied once a year cannot carry that load: errors surface at the deadline, when they are hardest to fix.
Smartgic runs the full accounting cycle for you. A named accountant sets up your chart of accounts, closes each month with bank, receivable and payable reconciliations, codes VAT correctly at source and sends you management accounts you can read. At year-end we prepare IFRS financial statements, the schedules your auditor will ask for and the corporate tax computation — so the return, the audit and your own decisions all rest on the same reviewed numbers.
Key facts
- Accountant responsible for your file
- Named
- Close, reconciliations and management accounts
- Monthly
- Basis for your year-end financial statements
- IFRS
- Minimum record retention under the Corporate Tax Law
- 7 years
Everything covered in Accounting Services
The concrete scope our team delivers, grouped the way we actually run your file.
Monthly Accounting
The recurring work that keeps your books current and reviewed.
- Transaction recording and coding
- Bank, card and petty cash reconciliations
- Receivables ageing and payables scheduling
- Accruals, prepayments and depreciation
- VAT coding and return-ready reports
Reporting
Figures you can read and act on, every month and quarter.
- Monthly management accounts
- Profit and loss by activity or branch
- Cash flow summary
- Budget versus actual comparison
- Commentary on key movements
Year-End & Tax
Closing the year in the form auditors and the FTA expect.
- IFRS or IFRS for SMEs financial statements
- Audit-ready schedules and reconciliations
- Handling of auditor queries
- Corporate tax computation
- Records archived for the retention period
What you gain with Accounting Services
The practical difference when the work is planned and filed properly the first time.
Reviewed, Not Just Recorded
Every month is checked by your accountant for misposted items, missing invoices and unusual balances before the period is closed.
Ledgers Built for VAT
Output and input VAT are coded at source, so your quarterly or monthly VAT return is drawn straight from reconciled ledgers.
Management Accounts Monthly
A profit and loss, balance sheet and cash position each month, with short commentary on what moved and why.
Receivables and Payables Tracked
Customer balances are aged and flagged for follow-up, and supplier bills are scheduled so you pay on time and no more than once.
Year-End Without Surprises
IFRS financial statements, notes and audit schedules are prepared from books that have already been reconciled month by month.
Tax-Ready Figures
We prepare the corporate tax computation from your accounts, adjusting for non-deductible items, so the return starts from figures that already reconcile.
A clear process, step by step
One adviser owns your file from first call to completion, and you always know which step you are on.
- 01
Onboarding & Chart of Accounts
We review your activity, licence and existing records, then set up or tidy the chart of accounts, VAT codes and opening balances on your accounting software.
- 02
Monthly Processing
You share invoices, receipts and bank statements or a read-only bank feed; we record transactions, match them to the bank and keep receivables and payables current.
- 03
Month-End Close & Review
Your accountant runs the reconciliations, posts accruals, prepayments and depreciation, reviews the results and sends management accounts with notes on anything that needs your decision.
- 04
Year-End Statements
After the financial year closes we prepare IFRS financial statements, the schedules and reconciliations an auditor will request, and the closing entries agreed with you.
- 05
Corporate Tax Computation
We convert accounting profit into taxable income for your corporate tax return — which must be filed within 9 months of the end of the tax period — with a clear audit trail.
Who it’s for and what you’ll need
Have these ready and we can move quickly. If something is missing, we will tell you what the authority accepts instead.
Who outsources their accounting
- Companies without a full-time finance team that still need reviewed monthly figures
- VAT-registered businesses that want returns drawn from reconciled ledgers
- Free zone companies that must present audited accounts at licence renewal
- Businesses preparing for their first corporate tax return or first audit
- Owners who want one accountable person for the numbers, not just data entry
Documents we’ll need
- Trade licence and Memorandum of Association
- VAT and corporate tax registration certificates
- Bank and card statements, or read-only bank feeds
- Sales invoices, purchase bills and expense receipts
- Prior-year financial statements and closing trial balance
- Fixed asset, loan and lease details
- Access to your accounting software, if you have one
Need documents attested or translated? Our document clearing team can help.
Accounting Services questions
Straight answers to what clients ask us most. If yours is not here, ask us directly.
Bookkeeping records and reconciles the transactions. Accounting adds the layer above it: reviewing the entries, posting month-end adjustments such as accruals and depreciation, producing management accounts, and preparing year-end IFRS statements and the corporate tax computation. Many small companies start with bookkeeping and move to full accounting when VAT, corporate tax or an audit makes reviewed figures necessary.
Yes. Your file is assigned to a named accountant who runs the monthly close, prepares the year-end and is your point of contact for questions. You are not passed between whoever happens to be free, and the person reviewing your management accounts is the one who knows your business and its history.
We prepare the corporate tax computation as part of the year-end, adjusting accounting profit for items the Corporate Tax Law treats differently. Filing is a separate step: we can prepare and submit the return through your EmaraTax account under our corporate tax filing service, or hand the computation to your own tax adviser.
No — and that is a rule, not a preference. The auditor must be independent of whoever keeps the books. If we keep your accounts, the audit is carried out and signed by UAE-registered auditors who have had no part in preparing them; we prepare the audit file and manage the engagement and the auditor’s questions.
Monthly is the default, once the month has been closed and reconciled. Some businesses prefer quarterly reporting aligned with their VAT periods; others want closer cash updates during busy seasons. We agree the pack, the format and the timing at onboarding, and adjust it as the business grows.
Yes. We first bring the records up to date under a separate catch-up scope, reconciling each month from bank statements and source documents, and flag any VAT or corporate tax corrections that may need a voluntary disclosure. Once the backlog is cleared, regular monthly accounting starts from a clean, reconciled opening position.
Related services
Most clients combine these. We run them as one engagement with a single point of contact.
Guides on Accounting Services
In-depth articles from our team on the questions clients most often ask about this service.
Let’s plan your next move
Tell us what you are planning. An adviser will come back with the route, the documents and an itemised quote — no obligation, no pressure to commit.
Visit our office
Office 44, Floor M2, BN Complex, Deira Al Muteena, Dubai, UAE
Mon – Sat, 9:00 AM – 6:00 PM (GST)
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