By Tax-Time Counsels
At Tax-Time Counsels, we provide reliable and accurate Yearly Accounting & Bookkeeping Services to help businesses maintain complete financial records, ensure compliance with UAE laws, and prepare for audits, tax filings, and strategic decisions.
Our annual service is ideal for businesses that prefer to consolidate their financial data at year-end or require assistance closing their books for financial reporting and compliance purposes.
What’s Included in Our Yearly Accounting & Bookkeeping Services:
1. Transaction Recording & Ledger Management
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Record and classify all financial transactions for the entire fiscal year.
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Maintain comprehensive general ledgers, subsidiary ledgers, and journals.
2. Bank, Cash & Credit Card Reconciliation
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Reconcile all bank accounts, cash transactions, and credit card statements for the year.
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Identify and resolve any mismatches or missing entries.
3. Accounts Payable & Receivable Summary
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Summarize all vendor bills and customer invoices.
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Reconcile outstanding payables and receivables.
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Generate aging reports for year-end analysis.
4. Inventory & Fixed Asset Reconciliation
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Update and reconcile inventory records and valuations.
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Maintain or update the Fixed Asset Register and calculate yearly depreciation.
5. Payroll Accounting
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Compile annual payroll records.
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Record end-of-service benefits, leave balances, and gratuity provisions.
6. Year-End VAT Review
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Ensure all VAT records for the year are complete and compliant.
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Reconcile VAT returns with the accounting books.
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Assist in preparing for year-end VAT audits (if applicable).
7. Preparation of Financial Statements
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Generate fully compliant, audited-ready financial reports, including:
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Profit & Loss Statement
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Balance Sheet
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Trial Balance
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Cash Flow Statement
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Notes to accounts (if required for audit/tax purposes)
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8. Audit Support
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Coordinate with your external auditors.
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Provide the necessary documentation, schedules, and reconciliations.
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Respond to auditor queries on behalf of your company.
9. Compliance Check & Advisory
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Review compliance with UAE Corporate Tax, VAT, and Accounting Standards.
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Provide insights and recommendations for better financial control and reporting.
Who Needs Yearly Accounting Services?
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Businesses with in-house teams needing year-end consolidation
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Freelancers or SMEs that maintain basic records and need annual formalization
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Companies preparing for external audit, tax filings, or investor reporting
✅ Why Choose Tax-Time Counsels?
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Thorough, audit-ready annual financials
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Experienced in various industries and ERP systems
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Seamless collaboration with external auditors and tax advisors
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Affordable, transparent pricing and customized support
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Strict confidentiality and data protection standards
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