Accounting & Bookkeeping
Accurate, FTA-ready books that power better decisions. Bookkeeping, IFRS financial statements, MIS reporting, payroll, and accounting software setup — audit-ready and aligned with UAE tax requirements.
Why Accounting?
Accurate, current financial records are the foundation of a well-run UAE business — and, since the arrival of Corporate Tax and VAT, they are also a legal necessity. The FTA requires businesses to maintain proper books and supporting records, and your Corporate Tax computation starts from IFRS financial statements. Clean books are no longer optional; they are what keep you compliant and in control.
BIFI Partners delivers professional accounting and bookkeeping that gives owners real-time financial clarity at a standard usually reserved for larger companies. We record your day-to-day transactions, reconcile your banks, run payroll through the Wages Protection System, and prepare IFRS financial statements and monthly management reports — keeping everything audit-ready and aligned to your VAT and Corporate Tax obligations.
We work on the platforms you already use or recommend the right one — Zoho Books, QuickBooks, Xero, Tally, or an ERP for larger operations — and adapt to your size and sector. Whether you need a complete outsourced finance function or a clean monthly close, you get one accountable team and numbers you can trust.
IFRS
Financial Statements
Monthly
Management Reporting
FTA-Ready
Tax-Aligned Records
Cloud
Real-Time Visibility
Accounting services in detail
Comprehensive coverage across every aspect of accounting — tailored for your business.
Day-to-Day Bookkeeping
We record all your financial transactions — sales invoices, purchase bills, receipts, payments, and journals — and keep clean, VAT-coded, audit-ready books at all times, matched against bank statements and source documents for accuracy.
IFRS Financial Statements
We prepare your Balance Sheet, Profit & Loss, and Cash Flow Statement under IFRS (or IFRS for SMEs) — the standard required for UAE Corporate Tax and expected by banks, auditors, and investors — so your year-end is clean and your tax computation starts from a solid base.
Management Reports & Dashboards
Monthly management information — revenue and margin analysis, cost tracking, departmental P&L, receivable and payable ageing, and cash position — giving you the data to make timely, evidence-based decisions rather than waiting for the year-end.
Payroll & WPS Processing
End-to-end payroll: salary computation, payslips, end-of-service gratuity tracking, and salary disbursement through the UAE Wages Protection System (WPS) — accurate and compliant every month.
Bank Reconciliation
Regular reconciliation of your accounting records against bank statements to catch discrepancies, unrecorded transactions, and outstanding items — so your books always reflect your true financial position.
Accounting Software Setup
We implement and configure leading cloud platforms — Zoho Books, QuickBooks, or Xero — including chart of accounts, VAT setup, opening-balance migration, and training; for larger businesses we implement and manage ERP systems such as Tally or SAP Business One.
Our accounting process
Setup & Chart of Accounts
We set up or review your accounting platform, chart of accounts, VAT configuration, and reporting structure to fit your business and tax obligations.
Document Flow
We establish a secure, systematic way to receive your invoices, bank statements, and expense records — by cloud folder, email, or your preferred method.
Recording & Coding
Our team records and categorises every transaction accurately, applying the correct VAT treatment and IFRS classification.
Reconciliation & Close
We perform monthly bank, receivable, and payable reconciliations and a structured month-end close, so the books are clean before reporting.
Reporting
We deliver monthly management reports and year-end IFRS financial statements by agreed deadlines, with commentary where helpful.
Built for businesses like yours
Common questions about accounting
Yes. Under Corporate Tax and VAT, businesses must maintain proper accounting records and supporting documents and retain them for the required period (generally seven years). Your Corporate Tax return is also built from IFRS financial statements. Maintaining clean books is therefore both a legal requirement and the basis of accurate tax compliance.
We are platform-agnostic and work with the leading cloud and ERP systems — Zoho Books, QuickBooks, Xero, Tally, and SAP Business One. We recommend the best fit for your size, sector, and budget, and handle setup, VAT configuration, migration, and training.
Yes. We prepare financial statements under IFRS or IFRS for SMEs, as appropriate to your business — the framework required for UAE Corporate Tax and expected by banks, auditors, and investors. Clean IFRS accounts make your tax computation and any audit far smoother.
Yes. We process monthly payroll end to end — salary computation, payslips, end-of-service gratuity tracking, and disbursement through the Wages Protection System (WPS) — so your team is paid accurately and your business stays compliant.
Yes. We run a structured handover — reviewing historical entries, reconciling opening balances, and identifying any pending VAT or Corporate Tax items — before taking over the ongoing function, so the transition is seamless across teams and software.
For most small and medium UAE businesses, outsourcing is more cost-effective and more accurate than an in-house bookkeeper. You get qualified, continuous management of your books, timely VAT and tax-ready records, and IFRS financial statements — without the fixed cost of a full-time hire and software overhead.
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