Accounting and Financial Reporting

Financial Reporting Services

We serve every financial needs of a business in the global market. We provide one of the best and high-quality financial statements along with financial reporting services that comply with the international financial reporting standards. We maintain highest level of professionalism and prepare financial statements that allow companies to take useful financial decisions.

Is it essential to maintain the accounts?

Accounting and financial reporting services contributes to the growth of the company. It is essential to track the income and expenses that reflects the result of business operation. According to the UAE commercial company law, it is mandatory to maintain the book of accounts.

Hence, accounting and financial reporting Service is necessary, this allows investors to estimate the financial position of the company, analyze investment opportunities, and reduce unnecessary expenses. Accurate accounting and financial reporting determines the prospects of a business.

Account outsourcing is a suitable option where investors can focus on core business operations at the same time, ensure that records are maintained perfectly, thus enabling entrepreneurs to reap maximum benefits.

What are the regular accounting services by AL SHAF Associates?

We record the daily transactions of your company in the accounting software on a periodic basis followed by financial analysis.

  • Weekly visit – our associates visit your office on a weekly basis and update the transactions. This includes recording business transactions on accrual basis and ensure documentation comply with UAE VAT law.
  • Monthly visit – update the book of accounts per month, this includes recording business transactions on accrual basis and ensure documentation comply with UAE VAT law.
  • Review of accounting transaction – most of the companies are aware of recording transactions, management may not be able to determine the accuracy of transaction or its compliance with the laws. So, it’s advisable to find the past mistakes before committing the new one.
  • Accounting reconciliation services – our team of experts support clients with reconciliation of bank, suppliers’ ledger, customers’ ledger, inter-company, or any other statements. We provide account reconciliation services to maintain the confidentiality of their crucial data.