Accounting and Bookkeeping Services
Elevate your business’s financial health with Stratify’s expert accounting services. We handle everything from bookkeeping to financial reporting, ensuring compliance and growth.
Accounting and bookkeeping services involve recording, tracking, and reporting a business’s financial transactions. While bookkeeping focuses on recording financial data, accounting goes beyond that by analyzing and interpreting the data to generate financial reports. These services are essential for maintaining accurate financial records, complying with UAE regulations, managing taxes, and making informed business decisions.
Process of Accounting and Bookkeeping
Team Stratify follows a structured and detailed approach to delivering accounting and bookkeeping services:
Initial Consultation
We begin by understanding your business’s needs, objectives, and the current state of your accounting records
Data Collection
Team Stratify gathers all relevant financial information such as invoices, receipts, payroll data, and bank statements
Data Review
We ensure that all records are accurate and in compliance with UAE accounting standards, such as IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted Accounting Principles).
Reporting
Stratify generates customized MIS reports, financial statements, and other critical documentation, including VAT returns and corporate tax reports
Ongoing Support
We provide regular reviews and updates to ensure your accounts remain accurate and up-to-date, helping you meet all financial deadlines
Documents Required for Accounting and Bookkeeping
Sales and purchase invoices
Detailed invoices for all sales and purchases, providing the foundation for revenue and expense tracking, essential for accurate bookkeeping and financial analysis
Asset purchase documentation
Records of any major asset purchases, including invoices and depreciation schedules, to track asset values and support financial statement accuracy
Previous financial statements
Financial statements from previous periods, offering a basis for comparative analysis and helping to ensure continuity in financial reporting.
Contracts and agreements
Business contracts and agreements that may impact financial transactions or obligations, necessary for understanding financial commitments and liabilities.
Bank statements
Monthly bank statements showing all financial transactions, crucial for reconciling cash flow and ensuring the accuracy of financial records
Payroll data
Records of employee salaries, benefits, and deductions, used to manage payroll expenses and comply with payroll reporting requirements.
Receipts and Vouchers
Receipts and payment vouchers for expenses, serving as proof of business transactions and supporting expense tracking and auditing.
Inventory Records
Detailed logs of inventory purchases, sales, and stock levels, aiding in cost of goods sold calculations and ensuring proper valuation of assets.
Tax Records
Documents related to VAT and corporate tax filings, ensuring accurate tax compliance and supporting reconciliation of tax liabilities.
How Stratify Can Help
Stratify offers a wide array of accounting and bookkeeping services designed to optimize your financial processes, including
Accounting and Bookkeeping
Accurate and reliable financial recordkeeping
Online Accounting
Cloud-based solutions that allow you to access your accounts anytime, anywhere
Onsite and Offsite Accounting
Flexible options based on your business requirements
Accounting Documentation and Compliance
Ensure all your financial reports and documents comply with UAE regulations
Customized MIS Reports
Tailored reports that provide insights into your business’s financial health
VAT and Corporate Tax Accounting
Full compliance with UAE VAT and corporate tax laws, including filing returns and audit support
Budgeting and Forecasting
Strategic financial planning services to manage cash flow and investments
Start your Business Today
Start your Business Today
Our Other Accounting and Outsourcing Services
Accounting & Bookkeeping Services
Our Services
Stratify Corporate services is an independent and international organisation with a specialization in crafting sustainable solutions and strategies
Value Added Tax
Ensure full compliance with UAE’s Value Added Tax regulations through tailored advisory, registration, filing, and VAT health check services.
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Corporate Tax
Navigate UAE’s corporate tax landscape with strategic tax planning, filing, and compliance support to optimize your tax position.
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Excise Tax
We assist businesses in understanding and complying with excise tax regulations, including registration, filing, and audit preparation.
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Accounting Outsourcing
Streamline your financial operations by outsourcing your accounting needs, from bookkeeping to financial reporting, for efficient management.
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Customs
Simplify import-export procedures and ensure compliance with UAE Customs regulations through advisory, registration, and customs reconciliation services.
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Company Formation
Start your business in the UAE with expert guidance on company incorporation, licensing, and compliance with local regulations.
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Audit & Assurance
Our audit and assurance services provide reliable financial insights, ensuring transparency and compliance with regulatory requirements.
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Economic Substance
Anti-Money Laundering
Protect your business by staying compliant with UAE’s AML regulations, with risk assessments, monitoring, and reporting solutions.
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Frequently Asked Questions
What types of businesses can benefit from Stratify’s accounting and bookkeeping services?
Our services cater to businesses of all sizes, from startups to large corporations. We provide customized accounting solutions to meet your specific financial needs
How can outsourcing accounting and bookkeeping services benefit my business?
Outsourcing allows you to focus on core business activities while ensuring your financial records are managed efficiently. It helps reduce errors, avoid compliance issues, and saves costs associated with hiring full-time staff.
Can Stratify assist with VAT and corporate tax filings in the UAE?
Yes, we offer comprehensive VAT and corporate tax services, ensuring timely and accurate filing while maintaining compliance with UAE tax laws.
Do you offer cloud-based accounting services?
Yes, we provide cloud accounting solutions that allow businesses to manage their finances online, offering real-time access to financial data from anywhere.
How often do your accountants visit for onsite services?
Our accountants can visit your office on a daily, weekly, or monthly basis, depending on your business’s volume of transactions and specific requirements.
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Conclusion
For personalized and professional Accounting and Bookkeeping Services in the UAE, contact Stratify today. Our experienced team will guide you through every step of the process, ensuring that your financial records are accurate, compliant, and up-to-date.
