Year-End Adjusting Entries & Closing Entries — UAE Bookkeeping Specialists
We prepare and post year-end adjusting and closing entries to present accurate financial statements, clear temporary accounts, and ready your books for audit, tax filing, or the new fiscal year across Dubai, Ajman and the UAE.
Overview
AL SAHRAA Businessmen Services LLC helps UAE businesses complete year-end adjusting entries for accruals, deferrals, depreciation, provisions and other adjustments so your financial statements reflect the true position of the business. We post closing entries to zero out revenue and expense accounts, transfer net income or loss to retained earnings, and produce a post-close trial balance ready for the next accounting period. Work is performed with attention to local reporting needs and UAE tax-related timings. Our approach includes reviewing supporting documentation, reconciling accounts affected by year-end activity, documenting journal entries with explanations, and delivering a clear checklist of outstanding items. We can work within your accounting system (Zoho Books, QuickBooks, Xero, Tally) or provide entries for your accountant. Ideal for small and medium enterprises in Dubai, Ajman and other Emirates that need accurate year-end books for management, lenders, auditors or preparation for monthly bookkeeping services going forward.
What to prepare
- Pre-year-end trial balance and general ledger
- Bank statements for the period
- Sales invoices and purchase invoices
- Payroll summaries and payroll tax records
- Fixed asset register and depreciation schedule
- Loan agreements and year-end statements
How the process works
- Initial documents request and review of trial balance and ledgers
- Identify needed adjustments (accruals, deferrals, depreciation, provisions)
- Prepare and post adjusting journal entries with narration
- Post closing entries and generate post-close trial balance
- Deliver reconciliation reports, entry listing, and recommendations
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
What are adjusting entries and why are they needed?
Adjusting entries update accounts for expenses incurred or revenue earned that are not yet recorded (accruals, deferrals, depreciation) so financial statements show the correct period performance and balances.
Do you post entries directly in our accounting software?
Yes — we can post directly in Zoho Books, QuickBooks, Xero or Tally with access, or provide a detailed journal entry file and documentation if you prefer internal posting.
How long does the year-end adjusting and closing process take?
Timing depends on business size and data quality. Typical turnaround is 3–10 business days after receipt of complete documentation and access to records.
Will you reconcile accounts impacted by year-end entries?
Yes — we reconcile key accounts affected by year-end adjustments (bank, accruals, prepaid, fixed assets, loans) and provide reconciliation reports.
Can this service prepare my books for audit or tax filing?
We prepare adjusted financials and supporting schedules that your auditor or tax advisor can use. We do not provide audit opinions but we ensure books are organized and documented for review.