Accounting & Bookkeeping in the UAE
Bavas Business Solutions provides expert accounting and bookkeeping services tailored to meet the unique needs of businesses in the UAE. Our team of experienced professionals ensures your financial records are accurate, up-to-date, and compliant with local regulations. Discover how we can support your business with our comprehensive accounting and bookkeeping services:
Accounting Services
I. Financial Accounting
Our financial accounting services help you maintain accurate and transparent financial records. We offer:
General Ledger Maintenance: Keeping detailed records of all financial transactions.
Financial Statement Preparation: Creating balance sheets, income statements, and cash flow statements.
Account Reconciliation: Ensuring your financial records match your bank statements and other accounts.
Compliance Reporting: Preparing reports in accordance with UAE financial regulations and international standards.
II. Management Accounting
We provide management accounting services to help you make informed business decisions. Our services include:
Budgeting and Forecasting: Assisting in the preparation of budgets and financial forecasts to guide your business planning.
Performance Analysis: Analyzing financial performance to identify trends, strengths, and areas for improvement.
Cost Management: Helping you manage and reduce costs to improve profitability.
Internal Reporting: Preparing customized internal reports to meet the specific needs of your management team.
III. Tax Accounting
Navigating the complexities of tax regulations in the UAE can be challenging. Our tax accounting services include:
VAT Compliance: Ensuring your business complies with UAE VAT regulations, including registration, return filing, and advisory services.
Corporate Tax Planning: Providing strategic advice to optimize your corporate tax position.
Tax Return Preparation: Preparing and filing accurate tax returns to avoid penalties and ensure compliance.
Tax Advisory: Offering expert advice on tax-related matters to help you make informed decisions.
Bookkeeping Services
I. Daily Bookkeeping
Our daily bookkeeping services ensure your financial records are accurate and up-to-date. We offer:
Transaction Recording: Recording all financial transactions, including sales, purchases, receipts, and payments.
Expense Tracking: Keeping detailed records of all business expenses.
Invoicing: Preparing and sending invoices to your customers, and managing accounts receivable.
Bill Payments: Managing accounts payable and ensuring timely payments to vendors.
II. Monthly Bookkeeping
Our monthly bookkeeping services provide a comprehensive overview of your financial health. We include:
Monthly Financial Statements: Preparing balance sheets, income statements, and cash flow statements.
Bank Reconciliation: Reconciling your bank statements to ensure accuracy and consistency.
Payroll Processing: Managing payroll, including salary calculations, deductions, and compliance with labor laws.
Financial Review Meetings: Conducting regular meetings to review your financial statements and discuss any concerns or opportunities.
III. Annual Bookkeeping
Our annual bookkeeping services help you close out your financial year smoothly. We offer:
Year-End Financial Statements: Preparing annual balance sheets, income statements, and cash flow statements.
Audit Support: Assisting with the preparation and organization of documents for external audits.
Tax Preparation: Compiling necessary information and documents for annual tax filings.
Financial Analysis: Providing a comprehensive analysis of your financial performance over the year.
