Management accounts
Regular reports such as a profit and loss report, balance sheet and cash view for the people who run the business.
Accounting and tax
Financial reporting services in the UAE
Financial reports turn your bookkeeping into something you can read and act on. This page explains the difference between management accounts and financial statements, what we prepare from your records and what we need to start.
Who it suits
Financial reporting support is commonly used by owners who want to see how the business is doing each month, by companies that need statements for a bank, investor or partner, and by businesses that prepare for an audit or a tax return.
It works well when the underlying bookkeeping is reasonably complete. If it is not, we can discuss tidying the records first.
What we prepare
Scope is agreed with you. Reporting support typically covers these outputs.
Financial statements
Year-end statements prepared from your records in a format agreed with you, often following IFRS-style presentation where that is what the reader expects.
Reconciliations and schedules
Supporting schedules for receivables, payables, assets and loans so the figures can be explained.
Comparisons
Month-on-month or year-on-year views and comparisons with a budget when you have one.
Reporting packs
A tidy set of reports for a lender, investor or board, with short notes on what changed.
How it works
Step 1: Agree what you need
Decide which reports, how often and who will read them.Step 2: Review your records
We look at the bookkeeping behind the reports and flag gaps before anything is produced.Step 3: Prepare the reports
The Nexoviz team prepares the reports and supporting schedules.Step 4: Walk through the numbers
We explain the reports, take your questions and correct anything that does not look right.
What we need from you
Access to your accounting records
A ledger or trial balance for the period, by the route agreed with you.
Bank statements
For every account, so balances can be checked against the books.
Loan and asset details
Agreements and schedules for borrowings, equipment and other long-lived items.
The reader and the purpose
Who the reports are for and what format they expect.
Statements and audit
Preparing financial statements is different from auditing them. Whether your statements must be audited, and by whom, depends on the rules that apply to your company, so check the official guidance. We prepare the statements; an audit opinion is given only by a party eligible to give one.
Related services
Accounting and tax overview
Bookkeeping, VAT, corporate tax, transfer pricing and audit.
Bookkeeping and accounting
Day-to-day records, reporting and finance support.
Reports and analytics
Dashboards and reports built from your own data, as a software service.
Frequently asked questions
What is the difference between management accounts and financial statements?
Management accounts are regular internal reports used to run the business. Financial statements are the formal year-end set, often shared with banks, owners or auditors.
Do you follow IFRS?
We can prepare statements in an IFRS-style presentation when that is what you need. Which framework applies to your company depends on the rules that apply to it, so confirm it before we start.
Can you prepare reports if my bookkeeping is behind?
Reports are only as good as the records behind them. We can discuss catching up the books first, then producing the reports.
Will my statements be accepted by my bank or authority?
Acceptance is decided by the reader, so we cannot promise it. Ask them what format they expect and we will prepare to that.
How often will I receive reports?
That is agreed when the scope is set. Many businesses choose monthly, some quarterly, and most also want a year-end set.
Need clearer reports?
Tell us who reads your reports and what you currently receive.
Information on this page is general and may change. Requirements are set by the relevant UAE authorities. Contact us for advice on your situation.
This is general information and not legal or tax advice.
Nexoviz is an independent company and is not affiliated with, endorsed by, or acting on behalf of any government authority unless stated.