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Backlog accounting is what you need when your bookkeeping has not been done for an extended period and records are missing or incomplete. movingo helps you collect and organise past documents, rebuild your ledger, and restore a clear picture of your finances so you are ready for audits.
Professional backlog accounting services in dubai
Why is backlog accounting
important for your business?
important for your business?
By law, accounting is a core part of doing business in the UAE, including for freelancers and businesses with no revenue. In addition it also offers other benefits:
-
Legal compliance
The UAE Federal Tax Authority requires businesses to keep accurate financial records for a minimum of 5 years. Maintaining accuracy in recording data over this period is crucial. -
Audit readiness
A successful financial audit is not possible with missing data. -
Informed decisions
Without knowing your actual cash flow and profit margins from previous periods, it is difficult to guide your business towards growth. -
Avoiding penalties
Late VAT filings or incorrect reporting due to backlogs can result in heavy administrative fines.
Our backlog accounting
services in Dubai
services in Dubai
-
Data collection and sorting
Gather all invoices, bank statements, and receipts.
-
Bank reconciliations
We match your internal records with bank statements to identify discrepancies. -
Transaction categorization
Properly record every expense and income entry into accounting software.
-
VAT record cleanup
Ensuring all past transactions are VAT-compliant and ready for filing or voluntary disclosure.
-
Fixed asset management
Update depreciation schedules and asset registers.
What are reports available while updating backlog accounts?
There are different solutions for different tasks. Choose the one that best fits your needs:
Report type
Purpose
Statement of financial position
A summary of your assets, liabilities, and equity at any previous point in time.
Profit & Loss (P&L)
Examine your revenue and expenses in detail over the period in question.
Aging reports
Understand who owes you money (receivables) and who you owe (payables).
Cash flow statement
Monitoring the movement of cash within your business during the specified gap period.
Trial Balance
Ensure that all debits and credits are equal before finalizing the year end.
Benefits of backlog accounting services in Dubai
-
Peace of mind
Eliminate the stress of potential FTA audits or legal notices. -
Financial clarity
Identify any "hidden" expenses or lost revenue that occurred during the backlog period. -
Loan and credit eligibility
Corporate credit lines in the UAE are dependent on the submission of up-to-date, audited financial statements. -
Operational efficiency
Transition from messy, manual records to a streamlined, cloud-based accounting system.
What are the methods used in backlog accounting services in Dubai?
Organising the backlog involves several important phases:
Review
Assessing the amount of missing data and determining the "starting point.”
Processing
Using advanced software, such as QuickBooks, Zoho, or Xero, to input data in a chronological order.
Reconciliation
Verifying entries against external documents (banks, suppliers, customers).
Finalization
Adjusting entries, closing the books, and generating final financial reports.
Why choose movingo
for backlog accounting
services in UAE
-
Experience and expertise
Our accounting specialists are certified by all relevant authorities (CPA, ACCA, ISO, AMCA, etc.) and have extensive experience working in the UAE. They are qualified to handle transparent reporting in full compliance. -
Cost-effective
Premium service with flexible options at a price that is three times lower than the competition. -
We have helped our clients save over AED 5 million in fines
More than 400 companies have already been operating in the UAE without receiving fines.
We are not just a accountants. We also handle all legal, financial, and tax matters related to doing business in the Emirate, including setting up a company, managing accounting, and paying taxes. We help simplify complex business processes and assist your company in growing and scaling successfully.
Additional services beyond backlog accounting
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
Our clients
Backlog accounting
services FAQ
services FAQ
Backlog account is a financial transaction (sale, purchase, expense, or bank movement) that has occurred in the past but has not yet been recorded or categorized in the company's official accounting system.
In accounting, it specifically refers to the accumulation of unrecorded financial data, creating a discrepancy between a business's actual state and what is shown in its books.
The term "account backlog" refers to the specific volume of unposted entries, unreconciled bank statements, and pending financial reports.
Refining involves going through all the raw data, like receipts and bills, to find any missing documents and fix any mistakes from before. It also makes sure that every single transaction is recorded according to UAE accounting rules.
The implementation of Value Added Tax (VAT) in the UAE began in January 2018, so it is critical to update records from this date to ensure compliance with FTA regulations.
It ensures legal compliance, prepares the business for audits, guarantees accurate VAT filings, and provides management with an accurate view of the company's finances.
When there are more transactions than the system can handle each day, a backlog starts to build up. This is an issue that needs to be fixed, because "old" data can lead to financial problems.
It's not just a time-consuming process; it's a real value-add. It turns "lost" data into useful insights, and it protects the company from all those legal headaches.