Accounting is the systematic process of collecting, recording, analyzing, and reporting on financial transactions to provide investors, management, and other stakeholders with insights into the performance and financial position of a business in the UAE.
Bookkeeping is the foundation of this process, involving accurate recording of every sale, purchase, payment, and expense.
In the UAE, accounting and bookkeeping services are not just numbers; it’s about keeping the business aligned with the Federal Tax Authority (FTA), meeting VAT requirements, while being transparent in all financial transactions.
All financial transactions and events for the month should be recorded, reconciled, and closed in the accounts. The process, based on the matching principle and the going concern, ensures that the company’s financial position is presented fairly & accurately. Timely month-end closing allows businesses to stay aligned with budgets and make informed cash flow and operational decisions.
Preparation of comprehensive financial statements (specifically the balance sheet, income statement, and cash flow statement) based on International Financial Reporting Standards (IFRS). Clear, accurate, and reliable statements support internal decision-making, regulatory requirements, and build trust with stakeholders and investors.
Management reports take the raw data produced in the financial statements and change it into meaningful dashboards and summaries, including items filtered and designed for the business owner and management teams. You will be able to see where the business is in terms of its KPIs, cash flow position, budget versus actuals, and other important information to help your business plan proactively and successfully.
We provide advisory support in complex areas, including advice on accounting policies and procedures, IFRS Standards, financial forecasting, budgeting, and risk management. We also support clients that have accounting departments, but need special expertise to help guide their company by International Accounting Standards or improve transactional financial performance.
A formalized accounting policy manual provides standardized procedures and best practices in the accounting function. This assists with standardization and consistency, accuracy, and clarity in the accounting function. It will serve as a reference guide for new or current employees, helping the accounting team follow standardized procedures and meet business-specific requirements with confidence
Effective financial planning is at the core of business stability and growth. We provide tailored cash flow forecasting and budgeting services that help businesses anticipate liquidity needs, allocate resources efficiently, and prepare for future opportunities or challenges. This forward-looking approach ensures that management can make confident decisions, manage working capital effectively, and avoid unexpected financial disruptions.
Bookkeeping is the foundation for any solid financial management system that systematically retains and organizes daily transactions. Our core bookkeeping services in Dubai include:
The systematic recording of all sales and purchases to track the revenue that is generated and the expenses incurred.
The systematic recording and classification of business expenses to maintain an overview of the business’s operating costs.
Periodic reconciliation of bank statements versus bookkeeping ledgers to find, fix discrepancies and confirm that all financial data is correct.
Monitoring inventory movement, adjustments, and stock valuation to maintain an accurate picture of assets and reduce discrepancies.
Balancing and verifying accounts receivable and payable to ensure that all invoices, payments, and outstanding balances align properly.
Accurate bookkeeping not only keeps your financial data organized but also ensures readiness for audits, supports regulatory requirements, and delivers reliable financial reports that business owners can trust.
Our outsourcing services are customized to the unique needs of SMEs, start-ups, and larger enterprises. This flexibility allows businesses to integrate outsourced accounting and bookkeeping seamlessly into their operations, scale services up or down as needed, and adapt quickly to the evolving business environment in the UAE.
Outsourced accounting and bookkeeping services in Dubai typically include transaction processing, VAT filing support, payroll management, and month-end closing. Partnering with the right consultancy ensures businesses receive accurate, efficient, and scalable support customized to their needs.
Beyond day-to-day bookkeeping, accounting consultancy in Dubai provides valuable strategic support. This includes guidance on IFRS alignment, local taxation advisory, process improvements, and financial planning. Consultancy firms help businesses strengthen their finance functions, streamline reporting, and align with international best practices, enabling companies to confidently navigate the UAE’s complex regulatory and financial landscape.
Payroll management ensures accurate handling of salaries, benefits, allowances, gratuities, and deductions while adhering to UAE labour laws and regulations. It streamlines payroll processing, reduces administrative burden and ensures timely salary transfers that advises strategic cost optimization and workplace planning.
At The Total CFO, our team of certified professionals specializes in accounting and bookkeeping services tailored to the dynamic business environment of Dubai and the wider UAE. By combining in-depth knowledge of local regulations with international accounting standards, we deliver reliable and future-ready financial solutions.
Our approach is designed for efficiency, clarity, and scalability:
Minimum Fee (AED per month / assignment as applicable) | Virtual CFO 10,000 AED / mo | Special Purpose CFO 20,000 AED / mo | On Demand CFO 500 - 750 per / hr | Full time CFO25000 - 35000 AED / mo | Part Time CFO15,000 AED / mo |
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Minimum Term (period in months) | 6-9 | 1 | 24 hrs (equv. 3 days) | 6-12 | 12 |
Accounts Supervision | - | ||||
Financial Reporting | - | ||||
MIS & Analytics | |||||
Cash Flow Management | - | ||||
Budgeting | - | ||||
Risk & Compliance | - | - | - | ||
Policies & Procedures | - | - | |||
Process Improvement | - | - | |||
Business Strategies | - | - | |||
Business Models | - | - | |||
Prep The ERP | - | ||||
Cost Benefit Analysis | - | - | |||
Profit Management | - | - | |||
Leadership Role | - | - | - | - | |
Change Management | - | - | - | - | |
Team Upskill | - | - | - | ||
No. of physical visits | NA | As required | As required | As required | 2-4 |
No. of on-line Meetings ( in a month ) | 4 | As required | As required | As required | As required |
Max. no. of hours devoted ( per month ) | 30 | As required | As required | As required | 30 |
You could be a start-up, simply needing basic bookkeeping services, or a larger enterprise, needing full accountancy services; whatever your level of business is, we can help. Our team ensures accuracy, transparency, and adherence to regulations, helping your business stay on track and scale with confidence.
No. Bookkeeping is about recording transactions. Accounting is about interpreting and analyzing those records to understand your business performance and plan.
Accounting is the process of organizing, analyzing, and presenting the financial information recorded in your books, so you can understand the performance and position of your business.
Accounting helps you see whether your business is profitable, where you can save costs, and how to plan for growth. It is also essential for preparing tax returns, getting loans, and making informed business decisions.
Most businesses prepare accounts at least once a year for tax and compliance purposes. Many also prepare them quarterly or monthly to monitor performance more closely.
Yes. By identifying areas of unnecessary spending, improving cash flow, and ensuring you take advantage of tax deductions, accounting can directly improve your bottom line.
Absolutely. We follow strict professional ethics and confidentiality agreements to ensure your information stays private and secure.
Bookkeeping is the process of recording all the financial transactions of your business – money coming in and money going out in an organised way.
Without proper records, you won’t know if your business is making money, where your expenses are going, or how much tax you need to pay. Good bookkeeping gives you a clear picture of your finances.
Ideally, it should be done regularly- daily, weekly, or monthly — so that your financial data is always up to date and ready when you need it.
Yes, but it can be time-consuming, and mistakes can be costly. Many businesses prefer to have a professional do it so they can focus on running the business.
Invoices, receipts, bank statements, bills, payment records, and any other documents that show money moving in or out of your business.
No. Bookkeeping is about recording transactions. Accounting is about interpreting and analyzing those records to understand your business performance and plan ahead.