Bookkeeping
Recording sales, purchases, payments and bank activity in an accounting system.
Accounting and tax
Bookkeeping and accounting services
Good bookkeeping means your records are complete, consistent and ready when you need to file a tax return or answer an auditor. This page explains what bookkeeping and accounting support can include and how we start.
Who it suits
Bookkeeping and accounting support is commonly used by small and medium-sized businesses and new companies that want to spend less time on records.
The problem it addresses
Records that are late, incomplete or inconsistent make tax returns slower and audits harder. Owners often only notice when a deadline or a bank request arrives.
What is included
Scope is agreed with you. These are the areas bookkeeping and accounting support typically covers.
Financial reporting
Producing statements such as a profit and loss report and a balance sheet.
Budgeting and forecasting
Planning income and costs so you can see what to expect.
Management-level finance support
Help reading the numbers and making decisions, sometimes called virtual CFO support.
Reporting
How often you receive reports, and what they contain, is agreed when the scope is set. Reports can be used to review performance and to support tax and audit work.
Records you provide
Bookkeeping starts from your source records, such as sales and purchase invoices, bank statements and payroll details. The list is confirmed when the scope is agreed.
Onboarding
Step 1: Share your situation
Tell us about your business, current records and any upcoming deadlines.Step 2: Agree the scope
Decide what is covered, how often you receive reports and who does what.Step 3: Provide records and access
Share records such as invoices and bank statements by the route agreed with you.Step 4: Start and review
Check the first outputs together and adjust the scope if needed.
Who does the work
The Nexoviz team does the bookkeeping itself and handles it directly with you. We agree the scope with you before work starts.
A typical bookkeeping routine
The detail depends on your business. A routine often follows these stages.
Step 1: Collect documents
Gather sales invoices, purchase invoices, receipts and bank statements in one place.Step 2: Record and categorise
Enter each transaction and assign it to the right account so reports make sense.Step 3: Reconcile
Match the records to bank activity and investigate differences.Step 4: Review the reports
Read the reports, ask questions and correct errors before they carry forward.
Related services
Accounting and tax overview
Bookkeeping, VAT, corporate tax, transfer pricing and audit.
Corporate tax
Registration and filing topics, with links to official guidance.
Accounting software set-up
Choosing, setting up and learning accounting software.
Frequently asked questions
What is the difference between bookkeeping and accounting?
Bookkeeping records transactions. Accounting uses those records to produce reports and support decisions and filings. The two are often provided together.
Will my records be ready for tax and audit?
Consistent records make that easier, but readiness depends on the quality of source documents and on the requirements that apply to you. We discuss this when we agree the scope.
Can I keep my existing accounting software?
Possibly. It depends on the software and the setup. Tell us what you use and we will say what is possible.
What do I need to send you?
Usually sales and purchase invoices, bank statements, and details of payroll and assets. We confirm the list when we agree the scope.
How much does it cost?
Cost depends on volume, complexity and scope. We do not publish fixed fees. Describe your business and we will discuss it with you.
Want your records in order?
Tell us about your business and what you currently use.
Information on this page is general and may change. Requirements are set by the relevant UAE authorities. Contact us for advice on your situation.
Nexoviz is an independent company and is not affiliated with, endorsed by, or acting on behalf of any government authority unless stated.