Accounting & Payroll Services in the UAE
Accurate. Compliant. Efficient
Accounting & Payroll Services in the UAE
Accurate. Compliant. Efficient.
Comprehensive Accounting Services for Businesses in the UAE
At Proxima Eight, we deliver reliable, IFRS-compliant accounting services designed to support businesses of all sizes. Accurate and up-to-date financial records are essential for informed decision-making, effective cost management, and performance evaluation.
Our certified accountants ensure every transaction is properly recorded, classified, and reported in line with International Financial Reporting Standards (IFRS). Whether you're a startup, SME, or multinational, our accounting solutions help you stay financially organized and legally compliant — without the burden of in-house management.
At Proxima Eight, we deliver reliable, IFRS-compliant accounting services designed to support businesses of all sizes. Accurate and up-to-date financial records are essential for informed decision-making, effective cost management, and performance evaluation.
Our certified accountants ensure every transaction is properly recorded, classified, and reported in line with International Financial Reporting Standards (IFRS). Whether you're a startup, SME, or multinational, our accounting solutions help you stay financially organized and legally compliant — without the burden of in-house management.
Our VAT & Tax Consultancy
Bookkeeping
Let our experienced accountants handle your daily transaction records, ensuring accuracy, consistency, and full audit readiness. We also manage regular bank reconciliations to keep your books aligned with actual cash flow.
Account Reconciliation
We verify and adjust your general ledger to ensure all financial entries are correct and up to date. This includes identifying discrepancies and matching internal balances with external statements.
Financial Reporting
Understand your business performance with accurate and timely financial reports. Our team prepares:
- Trial Balance
- Profit & Loss Statement
- Balance Sheet
- Cash Flow Statement
- General Ledger Reports
Payroll Management
We handle your monthly payroll cycle — from salary processing and payslip generation to gratuity calculations and leave tracking — while ensuring full alignment with UAE labor laws and WPS requirements.
Audit Support
Preparing for your annual audit? We assist in organizing and presenting your financial records in accordance with IFRS, and coordinate directly with external auditors to ensure a smooth and successful audit process.
The Ultimate Guide to Business Accounting Services in Dubai
Accurate accounting is the foundation of a financially healthy business — especially in a region like the UAE, where regulatory compliance, VAT filings, and business transparency are critical. Whether you’re a startup, SME, or growing international firm, proper bookkeeping isn’t optional — it’s a strategic necessity.
In this guide, we’ll explore how accounting services work in Dubai, what regulations apply, and why outsourcing your accounting function might be the smartest move you make this year.
Why Business Accounting in Dubai Matters More Than Ever
Since the introduction of VAT in 2018 and corporate tax in 2023, the UAE has rapidly moved toward a more regulated and transparent financial system. This means that:
→ All businesses must maintain organized and verifiable accounting records
→ Inaccurate reporting can lead to fines, penalties, or license suspension
→ Annual audits and compliance checks are becoming standard, especially for growing firms
At Proxima Eight, we’ve seen countless companies lose time, money, and legal standing due to poor bookkeeping practices. That’s why professional accounting isn’t just a cost — it’s a compliance and growth investment.
What Are the Accounting Requirements in the UAE?
Key Compliance Rules Every Business Must Follow:
→ Maintain complete financial records for at least 5 years (recommended: 10 years)
→ Submit VAT returns quarterly or monthly depending on turnover
→ Prepare standard financial reports: balance sheet, profit & loss, trial balance, cash flow
→ Comply with International Financial Reporting Standards (IFRS)
→ Ensure all receipts, invoices, and contracts are properly stored and traceable
→ Be audit-ready in case of a tax inspection or financial review
Core Business Accounting Services in Dubai
Here are the most commonly outsourced accounting functions in the UAE:
Bookkeeping
Daily recording of financial transactions, ledgers, and reconciliations. A must-have for internal control and VAT filing.
Financial Reporting
Preparation of accurate reports such as:
→ Profit & Loss Statement
→ Balance Sheet
→ Cash Flow Statement
→ Trial Balance
→ General Ledger
Payroll Management
Salary calculation, WPS compliance, end-of-service benefits, payslips, and leave tracking.
VAT Filing & Tax Accounting
Calculation and filing of VAT returns with the Federal Tax Authority (FTA) — and, from 2023, corporate income tax preparation and submission.
Account Reconciliation
Ensuring your bank statements match your general ledger — monthly and year-end.
Audit Support
Preparation of accounts and coordination with auditors to meet FTA and IFRS standards.
Accurate accounting is the foundation of a financially healthy business — especially in a region like the UAE, where regulatory compliance, VAT filings, and business transparency are critical. Whether you’re a startup, SME, or growing international firm, proper bookkeeping isn’t optional — it’s a strategic necessity.
In this guide, we’ll explore how accounting services work in Dubai, what regulations apply, and why outsourcing your accounting function might be the smartest move you make this year.
Why Business Accounting in Dubai Matters More Than Ever
Since the introduction of VAT in 2018 and corporate tax in 2023, the UAE has rapidly moved toward a more regulated and transparent financial system. This means that:
→ All businesses must maintain organized and verifiable accounting records
→ Inaccurate reporting can lead to fines, penalties, or license suspension
→ Annual audits and compliance checks are becoming standard, especially for growing firms
At Proxima Eight, we’ve seen countless companies lose time, money, and legal standing due to poor bookkeeping practices. That’s why professional accounting isn’t just a cost — it’s a compliance and growth investment.
What Are the Accounting Requirements in the UAE?
Key Compliance Rules Every Business Must Follow:
→ Maintain complete financial records for at least 5 years (recommended: 10 years)
→ Submit VAT returns quarterly or monthly depending on turnover
→ Prepare standard financial reports: balance sheet, profit & loss, trial balance, cash flow
→ Comply with International Financial Reporting Standards (IFRS)
→ Ensure all receipts, invoices, and contracts are properly stored and traceable
→ Be audit-ready in case of a tax inspection or financial review
Core Business Accounting Services in Dubai
Here are the most commonly outsourced accounting functions in the UAE:
Bookkeeping
Daily recording of financial transactions, ledgers, and reconciliations. A must-have for internal control and VAT filing.
Financial Reporting
Preparation of accurate reports such as:
→ Profit & Loss Statement
→ Balance Sheet
→ Cash Flow Statement
→ Trial Balance
→ General Ledger
Payroll Management
Salary calculation, WPS compliance, end-of-service benefits, payslips, and leave tracking.
VAT Filing & Tax Accounting
Calculation and filing of VAT returns with the Federal Tax Authority (FTA) — and, from 2023, corporate income tax preparation and submission.
Account Reconciliation
Ensuring your bank statements match your general ledger — monthly and year-end.
Audit Support
Preparation of accounts and coordination with auditors to meet FTA and IFRS standards.
Benefits of Outsourcing Accounting Services in Dubai
Cost-Effective
→ No need to hire full-time staff or invest in accounting infrastructure. Pay only for the services you need.
Access to Certified ExpertsWork with professionals who specialize in UAE tax law, IFRS standards, and industry-specific reporting.
Focus on Core Business
→ Let professionals handle complex financial work while you grow your company.
Always Compliant
→ Stay on top of VAT, payroll regulations, tax deadlines, and audit preparation without missing a beat.
Advanced Technology
→ Outsourced firms like Proxima Eight offer access to cloud-based tools for real-time reporting and secure document storage — without added investment.
Who Should Outsource Accounting in the UAE?
→ Startups needing a lean but compliant finance setup
→ SMEs aiming to scale without internal overhead
→ Construction, trading & service businesses with complex cash flows
→ International firms setting up branches in Dubai or Abu Dhabi
→ Business owners who want peace of mind
How to Choose the Right Accounting Partner
Before outsourcing your accounting, ask these questions:
→ Are they licensed and experienced with UAE regulations?
→ Do they provide customized reporting for your business type?
→ Can they assist with VAT, payroll, and tax filings?
→ What accounting software do they use (QuickBooks, Zoho, Xero, etc.)?
→ Do they offer fixed-fee packages or flexible pricing?
At Proxima Eight, we offer tailored packages designed for your business stage, sector, and growth goals — whether you're just starting or expanding regionally.
→ Ready to Streamline Your Accounting?
Outsourced accounting isn’t just a service — it’s a strategic advantage. By partnering with Proxima Eight, you gain:
→ Financial clarity and compliance
→ Reduced operational risk
→ Expert support for all tax and audit matters
→ Time and cost savings
Cost-Effective
→ No need to hire full-time staff or invest in accounting infrastructure. Pay only for the services you need.
Access to Certified ExpertsWork with professionals who specialize in UAE tax law, IFRS standards, and industry-specific reporting.
Focus on Core Business
→ Let professionals handle complex financial work while you grow your company.
Always Compliant
→ Stay on top of VAT, payroll regulations, tax deadlines, and audit preparation without missing a beat.
Advanced Technology
→ Outsourced firms like Proxima Eight offer access to cloud-based tools for real-time reporting and secure document storage — without added investment.
Who Should Outsource Accounting in the UAE?
→ Startups needing a lean but compliant finance setup
→ SMEs aiming to scale without internal overhead
→ Construction, trading & service businesses with complex cash flows
→ International firms setting up branches in Dubai or Abu Dhabi
→ Business owners who want peace of mind
How to Choose the Right Accounting Partner
Before outsourcing your accounting, ask these questions:
→ Are they licensed and experienced with UAE regulations?
→ Do they provide customized reporting for your business type?
→ Can they assist with VAT, payroll, and tax filings?
→ What accounting software do they use (QuickBooks, Zoho, Xero, etc.)?
→ Do they offer fixed-fee packages or flexible pricing?
At Proxima Eight, we offer tailored packages designed for your business stage, sector, and growth goals — whether you're just starting or expanding regionally.
→ Ready to Streamline Your Accounting?
Outsourced accounting isn’t just a service — it’s a strategic advantage. By partnering with Proxima Eight, you gain:
→ Financial clarity and compliance
→ Reduced operational risk
→ Expert support for all tax and audit matters
→ Time and cost savings
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