Accounting Services

Accounting Services
by Aswani

Accounting Services in Abu Dhabi

HLB Abu Dhabi provides top-notch account and financial record management, as well as client assistance, as part of our comprehensive accounting services in Abu Dhabi. You can significantly reduce the administrative stress and high financial expenditures incurred with the help of our accountants in Abu Dhabi.

Your specific financial needs are taken care of by HLB Abu Dhabi, a branch of HLB HAMT, which also makes sure that your businesses plan more effectively and achieve greater heights. The business accounts of our clients are secure in our hands since our chartered accountants are knowledgeable in a wide range of accounting and financial topics. You may utilize your valuable time on other important aspects of your organization while relying on our team to provide accurate and reliable accounting services.

Our services include:

  • Online or Cloud-based Accounting

    Due to the remote access possibilities of cloud/online accounting, you can acquire better technology and other benefits like reduced office space, paperless documentation at an affordable price.

  • Onsite Accounting

    This service entails transferring the accounting-related duties from the client’s premises to additional external accounting consultants who are qualified to competently handle all your accounting duties.

  • VAT Compliance Review & VAT Filing

    We handle the VAT Compliance and VAT Filing requirements of startups to small and mid-sized businesses at very reasonable pricing.

  • Corporate tax Assistance

    We provide expert advice and assistance with your corporate tax filings, ensuring that you are compliant and minimizing your tax liability.

  • Accountant Secondment

    For a temporary duration ranging from one to six months, qualified and experienced accountants are at your service. If both parties agree, the time frame can be extended.

  • Receivables & Payables Management

    This primarily includes:

    • Preparation of POs and invoices
    • Delivery of POs and invoices electronically
    • Prompt follow-up and payment
    • Periodic status updates to management
  • Forecasting and Budgeting

    You can get our assistance in frequently assessing the variation when budgets are created. Additionally, predicting cash flows helps the company manage its finances better.

  • Reconciliation Assignments

    Where data volume is high, this is essential. The primary elements of the reconciling service are:

    • Cash/Bank Reconciliation
    • Inventory Reconciliation
    • Receivables & Payables Reconciliation
  • Data Entry or Transaction Processing

    Our qualified employees can handle a large volume of data entry or transaction processing with excellent accuracy and at a very reasonable cost.

  • External Audit Support

    We have committed employees that can work with the external team to guarantee the audit is completed on time and quickly understand the requirements for external audits.

  • Management Reporting

    Decision-making is made easier by customized reports delivered on time to management. Verify that the submitted financial data is accurate and complies with the standards.

  • Accounting Supervision/Internal Accounting Review

    Offering an unbiased examination of the accounts created by the client and making rectification suggestions to enhance the accuracy of financial data and internal control procedures.

  • Agreed Upon Procedure

    According to ISRS 4400, it is an independent audit of relevant financial statement extracts. Our typical duties include the following:

    • Exchange Remittance Audit
    • Revenue Audit
    • Expense Audit
    • Receivables/Payables Certification
    • Inventory Certification
    • Any other relevant certifications
Why Assist HLB Abu Dhabi?

At HLB Abu Dhabi, we provide a range of services, and each one may be customized to fit your individual requirements and satisfaction degree. We have been serving a variety of sectors for an extensive period.

All of your accounting needs will be taken care of by our team of professionals, who are experienced in many different kinds of processes that require sophisticated technical accounting and financial reporting analyses.

For any related queries or assistance, get in touch with our experts!

Call +971 50 250 3679 / +971 50 742 7124 or email abudhabi@hlbhamt.com to schedule a meeting.

Frequently Asked Questions

  1. What sets HLB Abu Dhabi’s accounting services apart from others in the region?

    HLB Abu Dhabi stands out due to its extensive experience and commitment to tailor-made solutions. We understand the unique needs of each client and provide personalized accounting services to ensure satisfaction.

  2. What is onsite accounting, and how can it benefit my organization?

    Onsite accounting involves transferring accounting responsibilities to our qualified consultants, allowing you to focus on core operations while ensuring efficient and expert handling of your financial duties.

  3. How can HLB Abu Dhabi’s online or cloud-based accounting benefit my business?

    Our online accounting services offer remote access, cutting-edge technology, and cost-effective solutions, reducing office space requirements and enabling paperless documentation to streamline your financial management.

  4. What are the risks of not keeping accurate and up-to-date books of accounts?

    According to Federal Law, administrative penalties for failing to keep accurate books of accounts with accompanying papers can range from AED 10,000 to AED 1,00,000.

  5. Can HLB Abu Dhabi help with corporate tax filings and minimizing tax liabilities?

    Absolutely! Our expert advice and assistance ensure that your corporate tax filings are compliant and optimized to minimize tax liabilities, helping your business save money.

  6. What is external audit support, and how can it ensure timely and accurate audits?

    Our dedicated team collaborates with external auditors to ensure audits are completed on time, meet all requirements, and comply with standards.

  7. How does HLB Abu Dhabi assist with VAT compliance and filing for businesses of different sizes?

    We offer cost-effective VAT compliance review and filing services tailored to the specific needs of startups, small businesses, and mid-sized enterprises, ensuring adherence to VAT regulations.

  8. Do you offer guidance concerning technical and business matters, with a focus on VAT and other regulatory compliance aspects?

    Our teams are trained to identify and assess relevant statutory compliance requirements, including VAT, excise, ESR, and more, as part of our professional accounting outsourcing services. Consequently, clients receive counsel regarding the necessary compliance actions and the proactive steps needed for their timely fulfilment.

  9. What is accountant secondment, and how long can I hire an accountant from HLB Abu Dhabi?

    Accountant secondment offers temporary accounting expertise for periods ranging from one to six months, with the option to extend upon agreement between both parties.

  10. What factors determine the pricing structure for outsourcing accounting services in the UAE, and is this approach expensive?

    The pricing for outsourcing accounting services in the UAE is determined by utilizing standard blended man-hours/day rates. These rates are based on the time and level of expertise needed to successfully complete a project. This approach tends to be more cost-effective when compared to maintaining in-house teams, as it ensures you only pay for the productive hours dedicated to your project.