What Our Bookkeeping Services in Dubai Cover
Our outsourced bookkeeping services in Dubai cover the full accounting cycle - from daily transaction entry to year-end financial statement preparation:
- Daily transaction recording - sales invoices, purchase bills, credit notes, debit notes, petty cash vouchers, and journal entries with full supporting documentation
- Bank reconciliation - monthly reconciliation against Emirates NBD, ADCB, Mashreq, FAB, Dubai Islamic Bank, and RAKBank statements
- Accounts payable and accounts receivable management
- Payroll journal entries and WPS-compliant payroll records
- VAT input and output record structuring for timely FTA return filing before the 28th-day deadline each tax period
- Corporate Tax record organisation - taxable income calculation, deductible expense documentation, and related-party transaction records under transfer pricing rules
- Fixed assets register - asset acquisition, depreciation calculation, and disposal recording under IFRS
- Monthly management reports - profit and loss statement, balance sheet, and cash flow summary
- Year-end IFRS financial statement preparation for audit, trade licence renewal, and bank credit applications
- Backlog accounts updating - catch-up bookkeeping for businesses with historical gaps in their records
Mainland vs Free Zone Bookkeeping - Key Differences
Both mainland and free zone companies in the UAE are subject to the same IFRS bookkeeping standard under the Corporate Tax Law. The key differences are in audit obligations and the authority that enforces them:
| Factor | Mainland Company | Free Zone Company |
|---|
| Bookkeeping standard | IFRS (full or IFRS for SMEs) | IFRS (full or IFRS for SMEs) |
| VAT obligations | Same as free zone - FTA registration and filing if threshold met | Same as mainland - free zones are not VAT-exempt |
| Corporate Tax | 9% on taxable income above AED 375,000 | 0% on qualifying income if QFZP status - non-qualifying income taxed at 9% |
| Statutory audit requirement | Required for certain company types and sizes | Mandatory for QFZP entities regardless of revenue - non-QFZP depends on free zone authority |
| Record retention | 7 years (CT) / 5 years (VAT) | 7 years (CT) / 5 years (VAT) |
| Enforcing authority | FTA + DED / Dubai Economy | FTA + Free Zone Authority (DMCC, JAFZA, IFZA etc.) |
If your free zone company has elected Qualifying Free Zone Person (QFZP) status to benefit from the 0% Corporate Tax rate on qualifying income, a statutory audit is non-negotiable. The audit provides the FTA with evidence that qualifying income is properly segregated and economic substance requirements are met.
Accounting Software We Use for Bookkeeping in Dubai
We work with all major FTA-authorised accounting software platforms used by UAE businesses:
- QuickBooks - widely used by SMEs and trading companies in Dubai
- Xero - cloud-based, popular with startups and free zone companies
- Zoho Books - cost-effective and FTA-integrated for VAT filing
- Sage - used by mid-size and manufacturing businesses
- Odoo - ERP-integrated bookkeeping for businesses with inventory and operations management needs
If your business is already on a platform, we work within it. If you are setting up bookkeeping for the first time, we recommend and configure the right software for your transaction volume, industry, and reporting requirements - and ensure the chart of accounts is structured correctly for UAE VAT and Corporate Tax from day one.
Cost of Bookkeeping Services in Dubai - 2026 Pricing
Bookkeeping services in Dubai are typically priced on a monthly retainer, structured around your transaction volume, business complexity, and reporting frequency rather than a flat fee. This means a startup with a handful of monthly transactions is priced very differently from a trading company managing multi-currency invoicing, inventory, or a fixed assets register.
The main factors that shape your monthly retainer include:
- Transaction volume the number of sales, purchases, and journal entries processed each month
- Business type and industry trading, e-commerce, and real estate businesses typically require more detailed record-keeping than low-volume service businesses
- VAT and payroll complexity businesses with VAT filing obligations and WPS payroll journals require additional monthly work
- Jurisdiction-specific requirements DIFC and ADGM entities carry added DFSA compliance and fund accounting needs on top of standard IFRS reporting
Hiring a mid-level in-house accountant in Dubai comes with a significant base salary alone - before adding visa costs, health insurance, and other overhead. Outsourced bookkeeping services in Dubai are structured to cost considerably less than maintaining an equivalent in-house finance function, while giving you access to a team with dedicated UAE-specific FTA and IFRS expertise.
For an accurate quote based on your transaction volume and business type, contact Takween Advisory - we will review your current setup and provide a tailored monthly retainer proposal.
Step-by-Step: How Our Bookkeeping Service Works
Step 1 - Initial Review and Setup
We review your current financial records, business structure, transaction volume, and compliance status with the FTA. We assess your existing software setup and identify any backlog, gaps, or misclassified entries that need to be resolved before ongoing bookkeeping begins.
Step 2 - Chart of Accounts and Software Configuration
We structure your chart of accounts for UAE VAT, Corporate Tax, and IFRS reporting from the ground up - or review and correct your existing setup. We configure the software for your industry, free zone or mainland jurisdiction, and reporting frequency.
Step 3 - Monthly Bookkeeping
We record all transactions, reconcile bank accounts, process payroll journals, and maintain VAT input and output records every month. Each month closes with a reviewed, balanced, and FTA-compliant set of books.
Step 4 - Monthly Reporting
We deliver a monthly management report - profit and loss statement, balance sheet, and cash flow summary - giving you a clear financial picture of your business without waiting for year-end.
Step 5 - VAT and Corporate Tax Filing Support
We structure your records for VAT return filing and Corporate Tax submissions - ensuring every figure in your tax return is traceable back to a correctly recorded and documented transaction.
Step 6 - Year-End and Audit Preparation
We prepare your IFRS-compliant year-end financial statements and organise your records for statutory audit, trade licence renewal, or bank credit applications. If your free zone company requires a QFZP audit, we coordinate directly with your auditor to ensure the books are audit-ready before fieldwork begins.
Why Choose Takween Advisory for Bookkeeping Services in Dubai
- IFRS-compliant bookkeeping structured specifically for UAE VAT and Corporate Tax - not generic accounting adapted for the UAE
- Coverage across all major free zones - DMCC, JAFZA, IFZA, RAKEZ, DIFC, ADGM, Meydan, SPC - and mainland Dubai
- FTA-authorised software across QuickBooks, Xero, Zoho Books, Sage, and Odoo
- Combined service offering - bookkeeping, VAT registration and filing, Corporate Tax registration, and banking assistance under one advisory - no need to coordinate between multiple providers
- Backlog catch-up capability - if your books are behind or your records are in poor condition, we clean up historical records before taking over ongoing bookkeeping
- Transparent monthly retainer pricing - no hidden charges, no surprise year-end invoices