Professional Financial Reporting Services in Dubai for All Business Types
Every registered business in the UAE must prepare financial statements that follow International Financial Reporting Standards (IFRS). We prepare complete financial statements for companies across Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Fujairah, and Umm Al Quwain. Our scope covers balance sheets, income statements, cash flow statements, statements of changes in equity, and notes to accounts. We use FTA-authorized accounting software like QuickBooks, Xero, Zoho Books, Sage, and Odoo to compile accurate financial data. Our team of Chartered Accountants and Certified Public Accountants delivers IFRS-compliant reports for mainland companies, free zone entities in DMCC, JAFZA, IFZA, RAKEZ, Sharjah Media City (Shams), Ajman Free Zone, Dubai Silicon Oasis, Dubai South, DIFC, and DAFZA.
Financial reporting services in Dubai require strict compliance with Federal Decree-Law No. 47 of 2022 and Federal Decree-Law No. 8 of 2017. We serve businesses in retail, real estate, IT, healthcare, general trading, manufacturing, hospitality, e-commerce, construction, and professional services. Free zone companies must submit audited financial statements annually for trade license renewal. Corporate tax returns require proper financial records filed within 9 months after the end of the financial year. We handle all financial reporting timelines and regulatory deadlines so your records stay current and submission-ready.
What We Offer
Annual Financial Statement Preparation
- Full preparation of balance sheets, profit and loss statements, and cash flow reports aligned with IFRS standards for UAE mainland and free zone companies
- Year-end closing entries, adjusting entries, and reconciliation of all general ledger accounts before statement compilation
- Consolidated financial statements for group companies operating across multiple emirates or free zones like DMCC, DIFC, and JAFZA
Interim and Monthly Financial Reporting
- Monthly, quarterly, and semi-annual financial reports to track revenue, expenses, and net income throughout the fiscal year
- Management accounting reports with key financial ratios, variance analysis, and budget-to-actual comparisons for business owners
- Custom financial dashboards generated through QuickBooks, Xero, or Zoho Books for real-time visibility into company performance
Financial Statements for Tax Filing and Audit
- Corporate tax-ready financial statements with taxable income calculated per the 9% rate on income above AED 375,000
- Audit-ready financial packages that meet FTA requirements and free zone authority audit mandates
Financial Statements for Banks and Investors
- Bank-compliant financial reports formatted for submission to Emirates NBD, ADCB, Mashreq, RAKBank, Dubai Islamic Bank, and FAB (First Abu Dhabi Bank)
- Investor-grade financial statements with detailed notes, disclosures, and comparative year-on-year analysis
Benefits of Our Financial Statement Services
1. Accurate Financial Records
Every transaction gets cross-verified against your general ledger, bank statements, and VAT records before final reporting. This reduces the risk of corporate tax filing errors and FTA penalties. Late corporate tax registration carries a penalty of AED 10,000. Incorrect financial data can trigger additional fines under Cabinet Decision No. 129 of 2025, effective April 14, 2026. Companies that VAT and corporate tax returns with verified financial statements avoid costly reassessments.
2. Stronger Business Credibility
IFRS-compliant reports build trust with banks, investors, and regulatory authorities across the UAE. Banks like Emirates NBD, ADCB, Mashreq, and FAB require up-to-date financial statements for loan approvals and credit facility renewals. Investors evaluate profitability, liquidity, and solvency ratios directly
3. Better Cash Flow Management
Monthly and quarterly financial reports help business owners track cash flow, control costs, and plan growth. Companies registered in RAKEZ, IFZA, or Ajman Free Zone receive their annual audit-ready statements well before deadlines. Our bookkeeping services feed directly into financial statement preparation for a seamless reporting cycle across all 7 emirates.
Detailed Financial Reporting Services for Dubai and All UAE Emirates
We prepare financial statements for startups, small businesses, and large enterprises across every industry in the UAE. Small businesses with revenue under AED 3 million can benefit from Small Business Relief, valid until December 31, 2026, but still need proper financial records for FTA compliance. Startups setting up in free zones like Dubai Silicon Oasis, DMCC, or Sharjah Media City (Shams) require financial statements from the first year of operation. Our office at Ginger Business Center, Al Khabaisi, Deira, Dubai, on Salah Al Din Street near Abu Baker Al Siddique Metro Station (Green Line), serves clients from Business Bay, JLT, Downtown Dubai, Bur Dubai, Al Garhoud, and areas near Deira City Centre and Hamarain Centre. Enterprises with multi-entity structures receive consolidated financial statements that comply with IFRS 10 and IFRS 12.
We also prepare financial statements for companies undergoing auditing and assurance engagements. Every report follows the Federal Tax Authority (FTA) and Ministry of Finance (MoF) guidelines. Our Licensed Auditors and Financial Consultants review each statement for accuracy, completeness, and compliance before final delivery. Companies in construction, real estate, healthcare, and general trading receive industry-specific financial reporting that addresses revenue recognition, inventory valuation, and contract accounting under IFRS 15. Taxograph supports businesses at every stage, from incorporation to ongoing annual financial reporting.
Why Choose Us for Financial Statement Preparation in UAE?
Our team includes Chartered Accountants, Certified Public Accountants, Licensed Auditors, and Financial Consultants with 5+ years of experience in UAE financial reporting. We have served 100+ clients across all 7 emirates. Our office in Deira, Dubai, near the Dubai Creek waterfront, provides easy access for businesses across the city. We deliver financial statements on time, every reporting period, with full IFRS compliance.
We use FTA-authorized accounting platforms including QuickBooks, Xero, Zoho Books, Sage, and Odoo to generate accurate, audit-ready financial reports. Each statement goes through a multi-level review by senior accountants before delivery. We maintain clear communication with clients from data collection to final report submission. Our financial reporting process covers mainland, free zone, and offshore entities.
Dedicated account manager assigned
to every client
Multi-level quality review for every financial statement
Same-day response to urgent financial reporting requests
Transparent fixed-fee pricing with no hidden charges
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Successful Clients
Our Process
1
Data Collection and Review
We collect your trial balance, bank statements, invoices, receipts, and prior year financial records. Our team reviews all source documents for accuracy and completeness before starting the preparation.
2
Ledger Reconciliation and Adjustments
We reconcile all general ledger accounts, post adjusting entries, and verify account balances. This step covers accounts receivable, accounts payable, fixed assets, depreciation, accruals, and prepayments.
3
Financial Statement Drafting
We prepare the balance sheet, income statement, cash flow statement, statement of changes in equity, and notes to accounts. All figures align with IFRS standards and FTA requirements.
4
Review, Approval, and Delivery
Senior accountants review the draft statements for compliance and accuracy. We share the final statements in PDF and Excel formats, ready for tax filing, bank submission, or audit.
Frequently Asked Questions
UAE companies must prepare a balance sheet, income statement, cash flow statement, statement of changes in equity, and notes to accounts. These follow IFRS standards as mandated by the FTA and MoF. Free zone and mainland companies both need these reports.
Yes, every company registered for corporate tax must submit financial statements with the tax return. The corporate tax return deadline falls 9 months after the end of the financial year. Accurate financial statements prevent miscalculation of the 9% tax on income above AED 375,000.
The UAE requires all companies to follow International Financial Reporting Standards (IFRS). Small and medium enterprises may use IFRS for SMEs. We prepare all statements under the applicable IFRS framework.
Companies should prepare financial statements at least annually for tax and audit purposes. Monthly or quarterly reports help track performance and manage cash flow. We offer interim reporting for businesses that need regular financial updates.
Yes, most free zones in the UAE require audited financial statements for annual trade license renewal. Free zones like DMCC, JAFZA, IFZA, RAKEZ, and Dubai Silicon Oasis mandate this requirement. We prepare audit-ready financial packages for all free zone authorities.
We use QuickBooks, Xero, Zoho Books, Sage, and Odoo for financial statement preparation. All platforms are FTA-authorized. We select the software that matches your existing bookkeeping setup.
Standard annual financial statement preparation takes 5 to 10 business days. Turnaround depends on the volume of transactions and completeness of records. We offer expedited delivery for urgent deadlines.
Late corporate tax registration carries a penalty of AED 10,000 under FTA rules. Additional fines apply for late filing and incorrect returns. Cabinet Decision No. 129 of 2025 revises penalty structures effective April 14, 2026. Accurate financial statements help avoid these penalties.
Yes, we prepare financial statements for startups from the first year of incorporation. Startups in free zones like DMCC, Sharjah Media City, and Ajman Free Zone need financial reports for license renewal.
Yes, we prepare consolidated financial statements for group entities across multiple emirates and free zones. Consolidation follows IFRS 10 and IFRS 12 standards. We handle intercompany eliminations, minority interest calculations, and group-level disclosures.
You need to provide your trial balance, bank statements, purchase and sales invoices, payroll records, and prior year financial statements. Fixed asset registers, loan agreements, and lease contracts are also required if applicable. We send a detailed document checklist at the start of the engagement.
UAE banks like Emirates NBD, ADCB, Mashreq, and FAB require audited or certified financial statements for loan approvals. Financial reports show your revenue, profitability, and debt levels. We prepare bank-ready financial packages for all major UAE banks.
A balance sheet shows assets, liabilities, and equity at a specific date, while an income statement shows revenue and expenses over a period. Both reports form part of the complete set of financial statements under IFRS. We prepare both as part of our standard financial reporting package.
Yes, we integrate payroll data into financial statements including salary expenses, end-of-service benefits, and WPS compliance records. Payroll liabilities appear on the balance sheet and salary costs reflect on the income statement. Companies that use our payroll processing services get seamless data integration into their annual financial reports.
Yes, free zone authorities and mainland licensing bodies require financial statements during renewals and new applications. Companies that handle their accounting and compliance needs from the start avoid delays in license approvals across all 7 emirates