Al-Falah Accounting & Bookkeeping

Chartered accountants who can sit inside a business for a day, a week or a month are what Al-Falah Accounting & Bookkeeping offers to companies in the United Arab Emirates. Its accountants work full time or part time as the client needs, and the firm promises that all accounting and financial reports comply with International Financial Reporting Standards.

Outsourced books and monthly updates

The firm's pitch for bookkeeping is that outsourcing lowers total cost and removes the burden of hiring and managing accounting staff. Its team takes on accounting, bookkeeping, financial reporting, payroll management and cash management, with monthly updating of the accounts. The firm argues that every business needs financial information in order to monitor performance and make timely decisions, and that accounting and bookkeeping are critical to success whatever the size of the company.

Audit and assurance

External and internal audits are offered through certified chartered accountants who, it says, cover the key components of an audit and produce reports according to the International Standards on Auditing. The firm presents this assurance work as part of a broad range of accounting services.

VAT in the Emirates

Value added tax is a dedicated service. The firm says it covers all elements of VAT in the UAE, helping businesses with registration and declaration and with filing returns. It also states that it takes responsibility for representing a client's company in front of government authorities such as the Federal Tax Authority.

Financial and managerial consulting

A consultancy line covers risk management and analysis of business operations, and the firm's accountants say they try to look at the broad picture of a client's business whatever the size and complexity of the figures. Fixed asset management is described as another area where it helps: companies often struggle to track the location, quantity, condition, maintenance and depreciation of assets, and the firm keeps records of their movement and additions.

Free zones and mainland clients

It describes itself as an accountancy firm for all kinds of businesses regardless of size, with clients that reach into the free zones of JAFZA, DMCC and DAFZA. It calls itself one of the top accounting firms there and says it has a team of experienced and certified chartered accountants familiar with the rules and methods.

Al-Falah Accounting & Bookkeeping is a UAE firm of chartered accountants covering bookkeeping, audits, VAT and financial advice. Its accountants can work full time or part time for a client, on a daily, weekly or monthly basis, and they prepare reports in line with International Financial Reporting Standards.

Services

• Accounting and bookkeeping: outsourced book-keeping with monthly updates of the accounts.
• Auditing and assurance: external and internal audits by approved auditors.
• VAT services: value added tax support for UAE businesses.
• Financial and managerial consultancy: risk management and analysis of business operations.

Who it works with

Businesses of all sizes across the UAE, including companies in free zones such as JAFZA, DMCC and DAFZA.

Key facts

• Based in: UAE
• Standards: Reports prepared to IFRS