JOYCE J CHARUVILA & ASSOCIATES
JOYCE J CHARUVILA & ASSOCIATES
UAE Regulatory Compliance

Accounting and Bookkeeping

Professional maintenance of financial records in compliance with UAE Cabinet Decisions and Federal Decree-Laws. We ensure that your business transactions are recorded systematically to support management decisions and meet regulatory scrutiny.

Accounting and Bookkeeping (UAE)

Who Requires This Service

Any taxable person or registered business in the UAE required to maintain proper books of account as per the UAE Commercial Companies Law and Tax Procedures Law.

Scope of Professional Assistance

  • Recording of daily sales, purchases, receipts, and payments
  • Bank account and credit card reconciliations
  • Maintenance of general ledger, accounts receivable, and accounts payable
  • Fixed asset register maintenance
  • Preparation of monthly or quarterly financial statements (Balance Sheet, Profit & Loss)

Process Timeline

01

Data Collection

Gathering invoices, bank statements, and expense receipts via secure digital channels.

02

Data Entry & Reconciliation

Categorization of transactions and matching with bank statements.

03

Review & Adjustments

Reviewing ledgers for accruals, prepayments, and regulatory tax compliance.

04

Reporting

Finalizing the trial balance and generating management reports.

Frequently Asked Questions

Is it mandatory to maintain accounting records in the UAE?

Yes. Under the UAE Commercial Companies Law and Federal Decree-Law on Tax Procedures, all businesses must keep proper books of accounts for at least 5 years.

Can the accounting records be kept in any language?

Tax records must be maintained in Arabic or English. We maintain all records in English, structured in accordance with International Financial Reporting Standards (IFRS).

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