Accounting & Bookkeeping Services (UAE) - M B M Consulting

Monthly Accounting (Retainer Model)

We provide ongoing monthly accounting and bookkeeping services under a structured retainer model.

Our scope includes:

1. Recording of day-to-day transactions
2. Bank, cash, and balance sheet reconciliations
3. Monthly closing of books within agreed timelines
4. Review of postings for CT and VAT compliance
5. Coordination with management on accounting queries

Backlog Accounting & Clean-Up

We assist businesses in cleaning up incomplete or inaccurate accounting records.

This includes:

1. Reconstruction of missing accounting data
2. Identification and correction of posting errors
3. Reconciliation of historical bank and ledger balances
4. Alignment of historical data with tax and audit requirements

Reconstruction of Books of Accounts

For businesses with no formal or reliable accounting records, we provide full reconstruction services.

Scope includes:

1. Rebuilding accounts from source documents
2. Verification against bank statements and third-party records
3. Preparation of opening balances for compliant reporting
4. Structuring accounts for future tax and audit readiness

Chart of Accounts Design (CT & VAT-Compliant)

We design custom Chart of Accounts (COA) aligned with UAE tax reporting needs.

Our approach includes:

1. COA structure aligned with Corporate Tax and VAT disclosures
2. Mapping of accounts for automated tax reporting
3. Integration into accounting and ERP systems
4. Scalability for future business growth

Periodic MIS & Management Reporting

We prepare periodic management information reports (MIS) to support business decisions.

Our reporting includes:

1. Monthly or quarterly management packs
2. Profitability and cost analysis
3. Variance and trend analysis
4. Cash flow monitoring and forecasts

Accounting System Setup & Transition

We support businesses in setting up or transitioning accounting systems, including cloud-based platforms.

This includes:

1. Migration from manual or legacy systems
2. Setup of platforms such as Zoho, QuickBooks, and Odoo
3. Configuration for CT and VAT compliance
4. User training and handover support