Financial Accounting & Book Keeping

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Financial Accounting & Bookkeeping Services

At Al-Ittehad Accounting and Taxation Consultancy, We provide reliable and comprehensive financial accounting and bookkeeping services that help your business maintain clean, organized, and audit-ready financial records. In today’s fast-paced business environment, accurate accounting is essential for decision-making, compliance, and long-term success.

Whether you’re a startup, SME, or large enterprise, we tailor our accounting solutions to fit your business structure and industry.

Our Financial Accounting & Bookkeeping Services

The UAE government requires all businesses to maintain proper books of accounts in compliance with accounting standards and regulations. Every financial transaction must be recorded systematically and transparently to ensure financial accuracy. Effective accounting and bookkeeping allow businesses to track financial operations, monitor cash flow, and make informed financial decisions.

General Ledger Management
  • Accurate recording of all financial transactions
  • Setup and maintenance of the chart of accounts
  • Periodic reconciliation (monthly, quarterly, annually)
Accounts Payable & Receivable
  • Supplier invoice tracking and timely payment processing
  • Customer invoicing and collection management
  • Cash flow monitoring and working capital optimization
Bank Reconciliation
  • Reconciliation of bank statements with ledger balances
  • Identification and resolution of discrepancies
  • Monitoring for unauthorized transactions or errors
Financial Statement Preparation
  • Income Statement (Profit & Loss Account)
  • Balance Sheet
  • Cash Flow Statement
  • Customized management and financial reports
Audit-Ready Record Keeping
  • Documentation aligned with UAE audit regulations
  • Proper filing of vouchers, receipts, and ledgers
  • Preparation support for internal and external audits
VAT-Compliant Bookkeeping
  • Accurate recording of VAT on purchases and sales
  • Generation of VAT reports per FTA standards
  • Seamless integration with VAT return preparation

Why Good Accounting Matters in the UAE

  • Required under the UAE Commercial Companies Law
  • Essential for VAT and Corporate Tax compliance
  • Avoids FTA penalties for incorrect or incomplete records
  • Enhances transparency for investors, banks, and auditors
  • Supports better budgeting, forecasting, and decision-making

Why Choose Al-Ittehad?

  • Experienced accountants and financial consultants
  • Deep understanding of UAE regulations and IFRS standards
  • Cloud and desktop solutions (QuickBooks, Zoho, Tally, etc.)
  • Custom reports tailored to your business needs
  • Transparent, cost-effective monthly packages

Who We Serve?

Our accounting services cater to a wide range of industries:

  • Trading companies
  • Service providers
  • Freelancers and consultants
  • E-commerce businesses
  • Manufacturing and logistics firms
  • Real estate and construction companies