Monthly Accounting & Bookkeeping

By Tax-Time Counsels

Accurate, timely, and compliant financial records are the backbone of every successful business. At Tax-Time Counsels, we offer expert monthly accounting and bookkeeping services tailored to meet your business needs and regulatory requirements in the UAE.

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Our Monthly Accounting & Bookkeeping Services Include:

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1. Recording of Financial Transactions

• Record all sales, purchases, expenses, receipts, and payments in your accounting system.

• Maintain up-to-date general ledgers, accounts payable, and receivable.

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2. Bank & Cash Reconciliation

• Perform monthly bank and cash reconciliations to ensure accuracy between records and actual balances.

• Identify and resolve discrepancies efficiently.

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3. Accounts Payable & Receivable Management

• Maintain records of all customer invoices and supplier bills.

• Track due payments and collections.

• Generate aging reports to help manage cash flow effectively.

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4. Inventory & Fixed Asset Management

• Record and reconcile inventory movement and stock adjustments (if applicable).

• Maintain a fixed asset register and calculate monthly depreciation.

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5. Payroll Accounting

• Record monthly payroll entries including salaries, end-of-service benefits, and leave accruals.

• Coordinate with your HR/payroll team to ensure accuracy and compliance.

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6. VAT-Compliant Bookkeeping

• Ensure all entries are VAT-compliant, with proper input/output tax treatment.

• Record VAT on purchases and sales in line with FTA regulations.

• Support smooth quarterly VAT return preparation.

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7. Monthly Financial Reports

• Prepare and share key financial reports, including:

  • Profit & Loss Statement

  • Balance Sheet

  • Cash Flow Summary

  • Trial Balance

  • Custom reports as per client requirements

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8. Compliance Monitoring & Advisory

• Monitor compliance with accounting standards and local laws.

• Advise on improving internal controls, cost management, and financial health.

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Software Expertise

We work with a range of accounting platforms, including:

• QuickBooks

• Zoho Books

• Tally

• Xero

• Sage

• Custom ERPs (as per client preference)

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✅ Why Choose Tax-Time Counsels?

• Reliable, timely, and accurate bookkeeping

• Professional accountants with industry-specific knowledge

• Full VAT compliance built into monthly records

• Custom reporting and proactive financial insights

• Scalable solutions for startups, SMEs, and large enterprises