Since UAE Corporate Tax came into effect, keeping accurate, IFRS-compliant books stopped being good practice and became a legal obligation. The FTA requires businesses to maintain proper financial records, and gaps in those records surface at the worst possible moments: during a tax filing, an audit, or a free zone license renewal.
BAM Advisors runs the full accounting cycle for businesses across Dubai and the UAE: daily transaction recording, bank reconciliations, VAT data preparation, and financial statements that are ready for auditors and regulators without a cleanup exercise first.
Under UAE Corporate Tax Law and FTA regulations, businesses are required to keep complete, accurate financial records and to be able to produce them when asked. In practice, that means every invoice, receipt, payroll entry, and bank reconciliation needs to be recorded correctly and on time, month after month.
That's the work BAM Advisorstakes off your plate. Our certified bookkeepers and accountants handle the full record-keeping cycle, including VAT data sources, across trading, manufacturing, professional services, and free zone entities. Packages run weekly, biweekly, or monthly depending on your transaction volume, so you're paying for the level of service your business actually needs rather than a flat retainer sized for someone else's.
We understand that each company has a preferred accounting software for its accounting needs. Our team, equipped with hands-on knowledge and years of experience, provides assistance on the different tools and modules of various accounting software, including but not limited to QuickBooks, Xero, and Oracle NetSuite.
Maintaining the right balance of inventory can be challenging. Our service involves tracking inventory levels, conducting regular surprise stock counts on a sampling basis, reconciling discrepancies between the physical count and the records, recommending journal entries to correct inventory balances, and advising on internal controls that will reduce stock differences.
Financial statements offer a snapshot of the company's financial health and give stakeholders essential insight, particularly for free zone entities required to submit them to regulatory authorities and for corporate tax purposes. Recognising that financial statements provide a comprehensive overview of the company's profitability, liquidity, growth, and stability, we prepare the full set: balance sheet, profit and loss, cash flow, statement of changes in equity, and notes to the financial statements.
We can support your company by temporarily placing accounting professionals to address specific financial needs, working full-time within your business and lending their expertise across various areas of accounting. This service offers flexibility for companies that do not require long-term hires or need manpower on a project basis only. Our seconded professionals bring a holistic approach, as we train our team not only in accounting but also in taxation.
Depending on the company's financial and reporting needs, we record, analyse, prepare, and present accounting reports on a monthly, quarterly, or annual basis. These reports are provided to management for review and approval, supporting decision-making, strategic planning, and operational efficiency. We also prepare customised management reports where the company needs deeper or more specific insights.
For companies requiring the technical knowledge of a Chief Financial Officer (CFO) but on a part-time or contract basis, we provide the support of a fractional CFO. A fractional CFO offers high-level financial guidance in growth strategies, financial reporting, budgeting, operational improvements.
If your business has further requirements, including audit support, regulatory report drafting, preparation of VAT data source files, or company secretarial services, our team will handle them: preparing the additional reports, coordinating with the tax team, regulatory authorities, and auditors, and ensuring everything is processed accurately based on the documents provided.
Inventory costing, landed cost accounting, multi-currency transactions, and VAT on imports. We ensure your books reflect the true cost of goods and remain compliant with FTA requirements.
Revenue recognition, rental income tracking, developer accounting, and IFRS 15/16 compliance for lease accounting.
Project-based billing, time-and-materials accounting, accounts receivable management, and WPS payroll integration.
Bill of materials costing, work-in-progress accounting, overhead allocation, and inventory reconciliation.
Financial statement preparation required by DMCC, DIFC, IFZA, JAFZA, and other free zone authorities, along with corporate tax registration support.
Revenue recognition, daily sales reconciliation, cost of goods sold (COGS) tracking, and franchise accounting support.
Whether you are a mainland company, a free zone entity, or an offshore company, our team provides accounting and bookkeeping services in Dubai tailored to your structure, sector, and scale.
We handle daily recordings of financial transactions, including sales, purchases, receipts, payments, bank reconciliation, fixed assets etc. Our precise data entry ensures your financial records are accurate, complete, and up to date.
We prepare detailed financial statements, including Balance Sheets, Profit & Loss Statements, and Cash Flow Statements. These reports provide critical insights into your business’s financial health and aid in strategic decision-making.
Our team regularly reconciles bank statements with your accounting records to identify discrepancies and ensure accuracy. This process helps prevent fraud and errors, maintaining reliable financial data.
We assist in managing employee payroll, including salary calculations, deductions, statutory compliance, and reporting. Our services ensure timely and correct employee payments, with adherence to local labor laws.
We organize your financial data systematically to facilitate VAT filing and other tax obligations. Our team ensures your records comply with UAE tax laws, minimizing penalties and audits.
We ensure your accounting practices align with International Financial Reporting Standards (IFRS) and local legal requirements. This helps maintain transparency and enhances credibility for investors and stakeholders.
We prioritize the security of your financial data, employing secure systems and confidentiality protocols. Regular backups and restricted access measures safeguard your sensitive information.
We prepare customized financial reports that help you understand trends, costs, and profitability. These insights enable more informed planning and resource allocation.
The case for outsourcing in the UAE comes down to arithmetic and risk.
The arithmetic: a qualified in-house accountant in Dubai costs a full salary, visa, insurance, and gratuity provision, and one person can't cover bookkeeping, VAT, corporate tax, and IFRS reporting equally well. An outsourced team gives you access to all four specialisations for less than the cost of one hire, and the service scales up or down with your transaction volume instead of your headcount.
The risk: UAE compliance deadlines don't pause when your accountant resigns, goes on leave, or falls behind. Missed VAT filings and late corporate tax registrations carry FTA penalties. With an outsourced partner, continuity is built in: the work doesn't depend on one individual, deadlines are tracked systematically, and regulatory changes are applied because monitoring them is literally the firm's job.
There's also a practical benefit that gets less attention: clean, professionally maintained books make everything downstream easier. Audits close faster, financing conversations go smoother, and management reports actually arrive in time to inform decisions rather than document them after the fact.
BAM Advisors runs a 25+ person team of ACCA, CPA, and CA-certified professionals covering accounting, tax, transfer pricing, and payroll. When your books raise a corporate tax question, the answer comes from the tax team down the hall, not from an external referral.
Our work spans mainland companies, free zone entities (DMCC, DIFC, IFZA, JAFZA, and others), and offshore structures, each with different reporting and filing requirements. That coverage exists because we've done the filings, not because we've listed the acronyms.
The first consultation is free, and it's a working session: we look at your transaction volume, your current records, and your compliance position, then quote based on what your business actually requires. You'll know the scope and the fee before anything starts.
Client data is stored on access-controlled cloud systems with encryption in transit and at rest, and access is restricted to the specific team members assigned to your account. Every staff member is bound by a confidentiality agreement, and we run scheduled backups so nothing is lost to a hardware or software failure. If your business has its own data-handling requirements, we can work within those.
Our tax team prepares and files your VAT returns based on the transactions recorded in your books, so the filing reflects your actual position rather than an estimate. On corporate tax, we handle registration, maintain records to the standard the FTA expects, and prepare the figures for your return. If the FTA raises a query or assessment, we can represent you and respond on your behalf.
Yes, this is one of our more common engagements. We handle backlog and historical accounting, reconstructing records from prior months or years so your books are complete and compliant before your next filing deadline. Once you're current, we move you onto a regular cycle so it doesn't happen again.
We coordinate directly with your current accountant or software to transfer your ledgers, opening balances, and supporting records, and we reconcile everything before taking over so nothing is carried across incorrectly. The transition is planned around your reporting calendar so there's no gap in your filings.
We work across QuickBooks, Xero, Zoho Books, and Oracle NetSuite, among others. If you already have a system, we work within it. If you're starting fresh or migrating, we'll recommend the platform that fits your transaction volume, reporting needs, and budget, then set it up and configure it properly rather than leaving you with a default template.
Fees are based on the actual scope of work: your monthly transaction volume, the number of entities and reports involved, and any specialised requirements such as multi-currency or consolidation. We quote upfront after the initial review, so you know the fee before committing. As your business grows, the scope and fee adjust accordingly.
Standard engagements include monthly management reports, with quarterly and annual financial statements. Reports cover your profit and loss, balance sheet, and cash flow at minimum, and we can add customised reports (by department, project, or cost centre) where you need sharper visibility. Interim reports are available on request.
Yes. Free zone authorities such as DMCC, DIFC, IFZA, and JAFZA require audited or submitted financial statements as a condition of licence renewal, and the exact requirements vary by zone. Free zone entities also need to assess their corporate tax position, including whether they qualify for the 0% rate on qualifying income. We handle both the reporting and the compliance side for free zone businesses.
The FTA applies fixed and escalating penalties for late registration, late filing, and late payment, and these accumulate the longer they go unaddressed. If you've already missed a deadline, we can help bring your filings current and manage the correspondence with the FTA. Going forward, deadline tracking is part of the service, so filings are prepared and submitted on time.
