Reliable Annual Closing Support for UAE Businesses
Comprehensive year-end accounting services to ensure accurate financial statements, statutory compliance and smooth audit readiness for companies in Dubai, Ajman and across the UAE.
Overview
AL SAHRAA provides end-to-end annual closing support to help UAE businesses finalize books, prepare financial statements and meet local statutory requirements. Our team works with your accounting system—Zoho Books, QuickBooks, Xero or Tally—to reconcile accounts and resolve year-end adjustments. We perform bank and supplier reconciliations, fixed asset and inventory reviews, accruals and prepayments adjustments, and tax-related checks to ensure records are accurate and audit-ready. We coordinate with your internal team or external auditors to provide schedules, supporting documentation and timely responses to queries. Our approach is practical and people-first: we explain required adjustments, highlight material items, and recommend process improvements to simplify future closings. Support can be delivered as a one-off annual service or integrated with ongoing bookkeeping packages for smoother monthly-to-annual transition.
What to prepare
- Trial balance and general ledger for the year
- Bank statements and bank reconciliation reports
- Aged receivables and payables listings
- Fixed asset register and depreciation schedules
- Inventory valuation reports (if applicable)
- Previous year financial statements and tax filings
- Contracts, loan agreements and payroll summaries
How the process works
- Initial review of accounting records and opening balances
- Reconcile bank accounts, receivables, payables and intercompany balances
- Adjust accruals, prepayments, depreciation and inventory valuations
- Prepare year-end schedules and draft financial statements
- Coordinate with auditors and finalize statutory reports
Why clients choose AL SAHRAA
- Admin-reviewed quotations before you proceed.
- Document coordination and progress tracking in one portal.
- Support for business, compliance, visa, insurance, and IT-related requests.
- Clear request history, updates, and delivery follow-up.
Frequently asked questions
What does annual closing support include?
We reconcile accounts, post year-end adjustments (accruals, depreciation, inventory), prepare schedules and draft financial statements, and coordinate with auditors to ensure compliance.
How long does the annual closing process take?
Timing depends on company size and record completeness; a small business with up-to-date books can take a few days, while larger or backlog cases may take several weeks. We provide an estimated timeline after the initial review.
Do you work with my accounting software?
Yes. We support common systems including Zoho Books, QuickBooks, Xero and Tally, and can coordinate with our Accounting System Setup and Data Migration services if needed.
Will you handle audit queries directly with auditors?
We can coordinate directly with auditors, provide schedules and supporting documents, and respond to queries on your behalf when authorized.
Can you help if we have backlog bookkeeping to clean before year-end?
Yes. We offer Bookkeeping Cleanup/Catch-up services to address backlogs before the annual close so financial statements are accurate and complete.