Stress-free Annual Closing and Year‑End Accounting for UAE Businesses
Practical, compliant annual closing support for small and medium businesses in the UAE. We reconcile accounts, post year‑end adjustments, prepare financial statements and deliver documentation ready for audits and management review.
Overview
AL SAHRAA provides focused annual closing support tailored to UAE rules and reporting cycles. We work with your accounting system—Zoho Books, QuickBooks, Xero, Tally—or directly from ledgers to ensure balances are accurate and complete. Our team performs reconciliations, VAT alignment, depreciation and accrual posting, and constructs year‑end financial statements (P&L, balance sheet, cash flow) that meet local statutory and audit expectations. We coordinate with your internal staff or external auditors to reduce surprises. We emphasize clear communication, timely delivery, and practical recommendations for controls and next‑year bookkeeping improvements. Services are priced by scope and can be combined with bookkeeping cleanup, accounting system setup, or ongoing monthly bookkeeping.
What to prepare
- Trial balance (as of year end)
- Bank statements for the financial year
- Customer (AR) and supplier (AP) ledgers
- Payroll summary and staff cost details
- VAT returns and supporting VAT reports
- Fixed asset register and depreciation schedules
- Previous year financial statements and tax filings
How the process works
- Kickoff and collection of year‑end documents and access
- Reconcile bank, VAT, receivables and payables ledgers
- Post year‑end adjustments (accruals, prepayments, depreciation)
- Prepare trial balance and draft financial statements
- Review with management and incorporate feedback
- Deliver final statements, working papers and handover notes
Why clients choose AL SAHRAA
- Admin-reviewed quotations before you proceed.
- Document coordination and progress tracking in one portal.
- Support for business, compliance, visa, insurance, and IT-related requests.
- Clear request history, updates, and delivery follow-up.
Frequently asked questions
How long does an annual closing engagement typically take?
Duration depends on company size and record quality; typical engagements range from 1 to 4 weeks after we receive complete documents and system access.
Can you prepare statements for audit purposes?
Yes. We prepare audit‑ready financial statements and supporting working papers, and we can liaise with your external auditors as required.
Do you handle VAT checks as part of the year‑end process?
Yes. We reconcile VAT returns with accounting records, identify discrepancies and propose adjustments to align VAT reporting with financial statements.
What if my bookkeeping has gaps or backlog?
We offer bookkeeping cleanup and catch‑up services to bring records up to date before closing; this is scoped separately based on backlog size.
Which accounting systems do you support?
We work with Zoho Books, QuickBooks, Xero, Tally and bespoke ledgers. We also provide accounting system setup and data migration services if needed.