In the UAE, managing your books isn’t just an internal discipline, it’s a legal requirement. Corporate Tax, VAT, and ESR regulations now require every business to maintain accurate, complete, and up-to-date financial records. Yet most SMEs still struggle with delayed postings, missing invoices, and unclear cash flow, which leads to penalties, stressful audits, and inaccurate tax filings.
Crown Auditing makes compliance simple. We combine daily accuracy, monthly closing discipline, IFRS-aligned financial statements, and FTA-ready documentation so your business stays compliant, audit-ready, and in full control of its numbers all year round.
Bookkeeping is the foundation of legal compliance in the UAE. It involves systematically recording all financial transactions income, expenses, assets, liabilities, and tax-related entries in a way that is accurate, verifiable, and ready for statutory reporting.
Why does it matter legally?
Under UAE laws, every business is required to:
- Maintain proper books of account for at least 5 years
(Article 2, Executive Regulation of Corporate Tax) - Maintain VAT records for 5 years (or 15 years for real estate)
(Article 78, UAE VAT Law) - Prepare accurate financial statements following IFRS (International Financial Reporting Standards)
(Corporate Tax Law requires taxable income to be based on IFRS-compliant accounts) - Provide books of account during FTA audits, tax reviews, and ESR assessments.
Common issues businesses face
- Missing or incomplete documentation
- Manual or inconsistent data entry
- Delayed reconciliations leading to VAT errors
- Misclassification of expenses and tax codes
- Difficulty preparing for FTA audits or corporate tax filings
Risks of non-compliance
- Administrative penalties under VAT Law
- Tax assessments or additional liabilities under Corporate Tax Law
- Rejection of VAT refund claims due to improper documentation
- Fines for failure to maintain proper books
- Challenges during bank funding, due diligence, or license renewal
When bookkeeping is done right…
You gain:
- Clear cash flow visibility
- Accurate VAT and Corporate Tax filings
- Confidence during audits
- Credibility with banks, investors, and authorities
Good books deliver clarity, compliance, and control the true pillars of sustainable growth.
Why Crown-Auditing?
Crown Auditing offers bookkeeping aligned directly with UAE law, IFRS, and FTA compliance guidelines.
Our approach
1. Discovery & compliance assessment
- Review business model, license type, Free Zone/Mainland requirements
- Assess existing records for VAT, Corporate Tax, ESR compliance
- Identify gaps against IFRS and FTA documentation rules
2. System setup or clean-up
- Align chart of accounts with tax & IFRS standards
- Migrate data from spreadsheets or older systems
- Ensure accurate opening balances and historical reconciliation
3. Monthly bookkeeping rhythm
- Daily/weekly posting of entries
- Bank, supplier, and customer reconciliations
- Tax code mapping aligned with FTA
- Receivables & payables tracking with variance checks
4. Compliance-aligned reporting
- Monthly management reports & cash-flow statements
- VAT summary reports (output, input, exempt, zero-rated)
- Corporate-Tax-ready profit calculations
- IFRS-aligned financial statements
5. Human + tech advantage
- Cloud accounting tools: Zoho Books, QuickBooks, Xero, Tally
- Maker–checker review for accuracy
- Documentation archive meeting FTA audit standards
6. Full quality control
- Monthly internal audit checklist
- File-ready documentation for VAT, Corporate Tax & statutory audits
- Audit support with schedules & reconciliations
This ensures your business stays financially organized, legally compliant, and always ready for tax or audit review.
Who it is for?
Our bookkeeping services are ideal for:
- SMEs needing structure and compliance
- Startups preparing for VAT/CIT from day one
- Free Zone & Mainland companies needing IFRS-aligned accounts
- Family businesses seeking transparency
- Holding companies with multi-entity reporting
- International companies needing UAE-GAAP/IFRS alignment
- Businesses preparing for audits or due diligence
What you need to begin trade license & MoA
- VAT registration (TRN) if applicable
- Last 12 months’ bank statements
- Sales & purchase invoices
- Payroll records
- Contracts & agreements
- Inventory & fixed asset details
Ideal time to start
- Beginning of financial year
- Before VAT/CIT filing cycles
- During system migration
- Before statutory audit or FTA review
Typical timeline
- Setup & clean-up: 1–2 weeks
- Monthly bookkeeping: same-month closure
- Quarterly review: leadership insights + compliance check
Conclusion
Your numbers should work for you, not worry you.
Crown Auditing ensures that every ledger, every invoice, and every reconciliation meets UAE tax laws, IFRS standards, and FTA audit requirements. With transparent processes and a proactive team, you always know where your finances stand and what actions to take next.
Book your free financial clarity consultation or request a sample MIS report to see how accuracy transforms decision-making.
FAQs
1. What accounting records am I required to maintain by UAE law?
Under UAE VAT and Corporate Tax Law, all businesses must maintain books of account, invoices, credit notes, bank statements, contracts, payroll, and supporting documentation for at least 5 years.
2. Is monthly bookkeeping mandatory in the UAE?
While not legally mandated, monthly bookkeeping is essential for accurate VAT returns, Corporate Tax computations, and audit readiness. It also minimizes penalties and compliance risks.
3. Which accounting standards must UAE businesses follow?
IFRS is required for preparing financial statements used for Corporate Tax returns, audits, and regulatory reporting.
4. Will proper bookkeeping help with corporate tax?
Yes. Corporate Tax calculations must be based on accurate IFRS-compliant financial statements, making good bookkeeping essential for correct tax liability.
5. Can Crown -Auditing assist during FTA VAT or corporate tax audits?
Yes. Crown Auditing provides complete support during FTA VAT and Corporate Tax audits, including audit file preparation, reconciliations, documentation review, response to FTA queries, and representation to ensure smooth, accurate, and compliant audit closure.