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Accounting & financial reporting services in Dubai
Accounting is a must for all businesses in the UAE. It's all about being on top of your company’s financials daily and staying compliant with the UAE laws and regulations. movingo team also always includes Corporate Tax registration and filing, VAT registration and returns, financial reports and tax advice in the service packages.
Searching for accounting, financial auditing, or tax advisory? You're in the right place.
Book a free into call to find out your advantages with movingo.
Book a free into call to find out your advantages with movingo.
Does everyone need accounting? I'm a small business owner or a freelancer, do I need that?
One word answer: yes. The law states that "every company must keep proper books of accounts." It means that even small businesses need to keep financial records to avoid fines and penalties.
It includes freelancers as well. Federal Decree-Law No. (47) of 2022 on the Taxation states that they have to keep proper track of their finances. But how complicated that is depends on how much money they make and what type of work they do.
The tax thresholds for paying Corporate Tax in the UAE are:
It includes freelancers as well. Federal Decree-Law No. (47) of 2022 on the Taxation states that they have to keep proper track of their finances. But how complicated that is depends on how much money they make and what type of work they do.
The tax thresholds for paying Corporate Tax in the UAE are:
income AED 375,000 and more for all enterprises
revenue AED 1 million for freelancers
Even if your business has zero income, you still have to pay file Corporate Tax reports every year.
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Project accounting:
Monitoring and analyzing financial info for specific projects. Watching budgets and profits so projects stay on track financially.
Monitoring and analyzing financial info for specific projects. Watching budgets and profits so projects stay on track financially.
Tax Accounting:
Compliance with UAE tax regulations (VAT registration, regulatory reports, tax filing and compliance, etc.).
Compliance with UAE tax regulations (VAT registration, regulatory reports, tax filing and compliance, etc.).
Financial Accounting:
Tracks, organizes, and documents financial transactions to ensure legality and compliance. It also helps prepare for audits and ensures everyone has the right information.
Tracks, organizes, and documents financial transactions to ensure legality and compliance. It also helps prepare for audits and ensures everyone has the right information.
Management Information System (MIS) reporting:
Quick rundown of the key numbers, trends, and thoughts on different aspects of the business, to help managers make decisions with data in mind.
Quick rundown of the key numbers, trends, and thoughts on different aspects of the business, to help managers make decisions with data in mind.
What does your business need to be accountable?
We know how frustrating it can be to deal with all that yourself. Maybe you should think about outsourcing it. We can handle all that for you and make sure you get the most accurate and useful financial info. That way, you can just focus on what you do best. Let's have a call and chat about it.
Accounting & financial reporting services by movingo
We provide transparent accounting services in the UAE at the most cost-effective rates. Our packages are tailored for small and medium businesses and freelancers
What you'll receive:
What you'll receive:
Bookkeeping and financial record maintenance:
You'll get accurate accounting with every financial transaction recorded. We do the daily data entry and track transactions, so you have a solid record for reporting in the future.
Monthly financial reporting:
Every month, quarter, and every year, we send you detailed financial reports. This helps you make smart decisions about your business's financial health.
Accounts payable and receivable management:
Having a steady cash flow is really important. We handle your billing, collections, and payments, so you can relax and keep your business running smoothly.
Tax filing and compliance:
We'll take care of all your tax needs, like VAT registration, regulatory reports, tax filing, and compliance. That way, you can focus on what's important and stay out of trouble.
Payroll processing:
Your payroll is paid on time and in compliance, and it reduces administrative overhead.
Audit preparation:
Get ready for audits without the stress. Movingo makes sure all your records are accurate and complete, so you can focus on what really matters.
Full IFRS compliance
We work in line with International Financial Reporting Standards (IFRS). It is a set of rules businesses and individuals use to report their financial information. It's like a universal financial language used in 140 countries around the world.
Why does IFRS so matter?
Well, these standards are part of the Federal Tax Authority (FTA) regulations, so everyone has to follow them.
If you're working with international clients, you need to follow IFRS when it comes to sharing financial information. That means your financial reports should be clear about how you've accounted for revenue and expenses in a way that they can understand. With us, you'll have all the reports you need in FTA and IFRS format, no hassle.
Well, these standards are part of the Federal Tax Authority (FTA) regulations, so everyone has to follow them.
If you're working with international clients, you need to follow IFRS when it comes to sharing financial information. That means your financial reports should be clear about how you've accounted for revenue and expenses in a way that they can understand. With us, you'll have all the reports you need in FTA and IFRS format, no hassle.
Ready to make accounting easier? Book a free intro call and see how we can take your business to the next level. Let us handle the numbers, so you can focus on growth.
How We Work
Here's what's next for you:
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Organize a setup call to understand your needs;
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Prepare a contract and invoice or payment link (whatever works best for you);
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You pay, and then you transfer your accounting software access to our accountant;
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Once a month, we need to receive a copy of your bank statement and invoices, bills and receipts from you;
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Don't worry about VAT: our team will take care of it and keep track of deadlines;
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We'll make sure to let you know when it's time to file for Corporate Tax. We'll help you with all the paperwork and stuff for your annual tax return.
Why is accounting with us?
Cost efficiency: In-house accountants are expensive. Salary, benefits, and ongoing training can drain your budget. movingo's outsourced accounting services are up to 3x cheaper than in-house solutions with equal (or better) service levels. You just don't waste your money.
FTA & IFRS compliance: Accurate bookkeeping in full compliance with Federal Tax Authority (FTA) regulations and International Financial Reporting Standards (IFRS).
Transparency and trust: Transparency is our middle name. You always get what you pay for with no hidden costs, surprises, or small print. We provide you with clear, up-to-date financial info so you'll always know exactly where your money is going.
Save your time: We have an extensive financial regulatory database for all jurisdictions in the UAE. You don't need to spend time learning all the ins & outs.
Speed and agility: With movingo, you're getting access to a team of experienced accountants who know the UAE market inside out.
FTA & IFRS compliance: Accurate bookkeeping in full compliance with Federal Tax Authority (FTA) regulations and International Financial Reporting Standards (IFRS).
Transparency and trust: Transparency is our middle name. You always get what you pay for with no hidden costs, surprises, or small print. We provide you with clear, up-to-date financial info so you'll always know exactly where your money is going.
Save your time: We have an extensive financial regulatory database for all jurisdictions in the UAE. You don't need to spend time learning all the ins & outs.
Speed and agility: With movingo, you're getting access to a team of experienced accountants who know the UAE market inside out.
Adrian Cross
CEO of VR Training for Industry company
I have to travel a lot, and I am in the UAE occasionally. So working with movingo remotely is a game-changer for me. It is very handy, as they are always available on the messenger, responding quickly and monitoring the situation. We can do all of our work on the go with them, and all of my financial reporting is timely and I don't have to worry about it.
The movingo team has been a great asset to me! I've signed up for the full support plan, because I get so many financial questions every day and never know when another one's going to pop up. Besides the regular financial stuff, the team really helped me get my business up and running in another emirate quickly and easily, without any troubles. I think the full package is the best deal for money out there.
The movingo team has been a great asset to me! I've signed up for the full support plan, because I get so many financial questions every day and never know when another one's going to pop up. Besides the regular financial stuff, the team really helped me get my business up and running in another emirate quickly and easily, without any troubles. I think the full package is the best deal for money out there.
Ryan Steele
CEO of boxing, physical and mental health company
What Our Clients Says
Government Agencies
We Work With
We Work With
The government agency that's in charge of collecting and enforcing federal taxes.
The government agency that's in charge of boosting economic growth, creating jobs, and helping businesses develop.
It's the main economic development authority in Abu Dhabi.
The government agency that handles the issuing of visas, ID cards, and driver's licenses for expats living and working in Abu Dhabi.
The main authority for planning, supervising, and regulating commercial, financial, and industrial activities in Dubai.
Our Partners for Your Success
Cloud-based accounting and bookkeeping software for small and midsize companies
The accounting software from Intuit for small and medium-sized businesses to keep track of their finances.
Digital payment platform with online banking, e-wallets, and mobile payments.
The Dubai-based economic zone for businesses and sustainable living.
The cutting-edge hub for innovation and entrepreneurship in the Mideast.
The world's very first and only free zone based on common law, dedicated to all things digital and virtual.
The Web3 law firm.
The global fintech platform that helps startups connect with investors, partners, and customers.
Planning and consulting firm.
Frequently Asked Questions
(FAQ)
(FAQ)
The Federal Tax Authority (FTA) and International Financial Reporting Standards (IFRS) guidelines.
We assess the credit risk of financial assets by looking at historical loss data, considering current conditions and projections, and using the relevant IFRS 9 standards to estimate future losses.
Financial reports should be prepared and submitted every quarter for public companies, and annually for private ones.
Yes, sure. We tailor reports to suit business needs, while still making sure they're in line with the FTA and IFRS rules.
Financial reports support budgeting by providing insight into past performance, helping management set realistic goals and allocate resources effectively.
Yes, regulated by the International Financial Reporting Standards (IFRS) and Federal Tax Authority (FTA).
Just a few days)