Reliable bookkeeping is the foundation of accurate accounting and effective financial management. Every transaction within your business, from customer invoices and supplier payments to bank transactions and business expenses, needs to be recorded accurately and supported by the appropriate documentation. NHBC provides professional bookkeeping services in Dubai and across the UAE for start-ups, SMEs, established businesses and international companies operating through UAE Mainland and Free Zone entities. We help ensure that your financial records remain complete, organised and up to date throughout the year, giving you a reliable foundation for accounting, tax compliance and financial reporting.

Professional Bookkeeping Services for UAE Businesses

Bookkeeping involves the systematic recording and organisation of your company’s day-to-day financial activity. Depending on the requirements of your business, our bookkeeping services can include:

• Recording sales and income transactions
• Recording purchases and business expenses
• Processing supplier invoices
• Recording customer invoices and receipts
• Bank and credit card transaction recording
• Bank reconciliations
• Accounts receivable maintenance
• Accounts payable maintenance
• Recording petty cash and employee expenses
• Recording shareholder and director transactions
• Maintaining supporting documentation
• Maintaining customer and supplier records
• Fixed asset transaction recording
• Recording payroll-related entries
• Maintaining an organised digital accounting file
• Monthly or periodic bookkeeping updates.

   

Our services can be adapted according to the transaction volume and complexity of your business.

Monthly Bookkeeping

Keeping financial records updated throughout the year is considerably more effective than trying to reconstruct accounts shortly before a tax filing or year-end deadline. With our ongoing bookkeeping services, transactions are recorded and organised on a regular basis. This helps ensure that:

• bank transactions are properly accounted for;
• invoices and expenses are recorded in the correct period;
• outstanding customer and supplier balances remain visible;
• missing documentation can be identified promptly;
• financial information is available when management requires it; and
• accountants and tax advisers have reliable underlying records to work from.

   

Depending on your business, bookkeeping can be performed monthly or at another agreed frequency.

Accounts Receivable & Accounts Payable

Keeping track of amounts owed by customers and amounts payable to suppliers is an important part of maintaining accurate books. Our bookkeeping team can maintain your accounts receivable and accounts payable records so that your company has a clearer overview of outstanding balances. This includes recording customer and supplier invoices, allocating payments and maintaining the underlying ledgers. More advanced financial analysis, cash-flow reporting and management reporting are covered separately under our Financial Reporting Services.

Bank & Payment Reconciliations

A company’s accounting records should correspond with the transactions actually passing through its bank and payment accounts. Regular reconciliation helps identify differences such as:

• missing transactions;
• duplicate entries;
• unallocated payments;
• bank charges;
• currency differences;
• incorrect transaction amounts; and
• transactions recorded against the wrong account.

   

NHBC performs regular reconciliations as part of the bookkeeping process to help ensure that the underlying records remain accurate and complete.

Expense & Document Management

Proper bookkeeping depends on having appropriate supporting documentation. We help clients establish an organised process for maintaining invoices, receipts and other supporting records relating to business transactions. This is particularly important in the UAE, where financial records may subsequently be required to support accounting, VAT or Corporate Tax positions. Our bookkeeping support can include:

• organising supplier invoices and expense receipts;
• maintaining digital supporting documentation;
• matching documents to the relevant accounting entries;
• identifying missing invoices or receipts;
• recording employee and reimbursable expenses;
• maintaining documentation for company card transactions;
• organising records by accounting period; and
• following up on incomplete or unclear supporting information.

   

Maintaining complete and accessible records helps ensure that transactions can be properly substantiated if they are later reviewed by management, an auditor or the Federal Tax Authority. For Corporate Tax purposes, taxable persons are generally required to retain records and supporting documentation for at least seven years following the end of the relevant Tax Period. VAT also carries its own record-retention requirements, depending on the type of records and assets involved.