Accounting & Bookkeeping.
Bookkeeping, cloud reconciliations and monthly reporting for businesses in Business Bay and across Dubai, served from our Al Qusais office.
Turn your accounting insights into forward-looking financial strategy. Explore Virtual CFO advisory.
Accounting & Bookkeeping Practice Matrix
Bookkeeping & Financial Reporting
SMEs and mid-market firmsContinuous, audit-ready bookkeeping compliant with IFRS standards.
Workflow Automation & Cloud ERP
High-transaction businessesAutomating invoice processing, receipt OCR, and financial approvals.
CFO Support & Cash Runway Management
Businesses generating AED 3M to AED 50M+Strategic Virtual CFO guidance, 13-week cash forecasting, and board advisory.
Real-Time Financial Dashboards & KPIs
Data-driven founders & CEOsCustom executive BI dashboards showing live revenue, margins, and liquidity.
MIS & Executive Management Reporting
Companies with external investors or board membersStandardized management information packs for executive boards and banks.
Strict adherence to international financial reporting standards recognized by UAE courts, banks, and auditors.
Predictable closing cadence delivering finalized monthly management accounts before mid-month.
Pre-packaged audit schedules, bank confirmations, and inventory reconciliations ready for external review.
Complete Accounting Practice Scope
With UAE Corporate Tax requiring documented accounting profits as the foundation for tax calculations, informal spreadsheets are an existential audit risk. We institutionalize your ledger management with enterprise-grade internal controls.
Outsourced vs In-House Accounting
Hiring an in-house accounting team in Dubai carries substantial visa, gratuity, and management overhead. Taxbay gives you an entire department of chartered accountants and tax specialists for a fraction of the cost.
Accounting Standards & Record Retention in UAE
How long are UAE businesses required to retain financial records?
Under Federal Decree-Law No. 47 on Corporate Tax and Federal Decree-Law No. 8 on VAT, businesses must retain all accounting records, commercial books, and supporting invoices for a minimum of 7 years (15 years for real estate records).
How does Taxbay handle the monthly financial close?
Our team operates on a strict Day-5 or Day-10 monthly close schedule. All bank, credit card, and payment gateway transactions are reconciled, accruals recorded, and IFRS-compliant Balance Sheets, P&Ls, and Cash Flow statements compiled.
Can Taxbay liaise directly with our external statutory auditors?
Yes. We compile the comprehensive audit working file, prepare lead schedules, and resolve technical audit queries directly with certified UAE external audit firms.