Accounting and Bookkeeping Services

Home Accounting and Bookkeeping Services

Accounting and Bookkeeping Services

At Haroon Malik Accounting Services (HMAS), we know that most business owners don’t start a business to spend their days buried in spreadsheets, vouchers, and tax rules. That’s where we come in. We become your trusted accounting and bookkeeping partner – keeping your books clean, your taxes compliant, and your numbers meaningful, so you can focus on running and growing your business.

We offer a full range of accounting, bookkeeping, and tax compliance services for businesses of all sizes – from small startups to growing companies and established organizations.

Day-to-Day Accounting & Bookkeeping

We take care of your daily finance tasks, so nothing falls through the cracks:

  • Recording all business transactions
  • Managing accounts receivable and payable
  • Maintaining cash and bank ledgers
  • Posting and reviewing general ledger entries
  • Bank reconciliations and tracking cheques
  • Recording tax provisions, deductions, tax entries

You get up-to-date books, and we handle the messy details.

Chart of Accounts Setup & Maintenance

  • Design a chart of accounts that fits your business
  • Keep it updated and refined as your business grows
  • Make sure your reports are easy to understand and analyze

Payroll Processing

  • Preparing monthly salary sheets
  • Calculating and deducting payroll taxes
  • Managing employment funds, advances, and loans
  • Processing payments via cash, cheque, or bank transfer

Inventory & Production Accounting

  • Recording inventory movements and usage
  • Updating inventory and production records
  • Preparing inventory reports and reconciliations

Tax and Regulatory Compliance

The UAE tax environment is changing fast, with Corporate Tax, VAT, ESR, and UBO requirements now affecting most businesses. At Haroon Malik Accounting Services (HMAS), we make compliance simple and understandable, so you can focus on running your business.

Corporate Tax (CT)

  • Understand whether and when you need to register for Corporate Tax
  • Register with the FTA
  • Calculate taxable income from your accounts
  • Prepare and file Corporate Tax returns
  • Plan business decisions (grouping, related party transactions, etc.) with tax impact in mind

VAT (5% VAT)

  • VAT registration/deregistration
  • Correct treatment of input and output VAT
  • Preparing and filing periodic VAT returns
  • VAT treatment for imports, exports, and free zone transactions
  • Reconciling VAT with your accounting records

ESR & UBO Compliance

  • Assessing if your business falls under Economic Substance Regulations (ESR)
  • Preparing and filing ESR Notifications and Reports
  • Identifying and documenting Ultimate Beneficial Owners (UBOs)
  • Preparing UBO registers and handling required regulatory submissions

Records & FTA Audit Support

  • Organize and maintain your accounting and tax records as per UAE requirements
  • Keep invoices, contracts, and backup documents in order
  • Support you during FTA queries or audits with reconciliations and explanations

Payroll & Labor-Linked Finance

While there is no personal income tax, payroll still comes with obligations. We:

  • Align payroll with UAE labor rules and employment contracts
  • Calculating and tracking end-of-service benefits
  • Maintain clear payroll records for audit and compliance

Tools & Software We Work With

Our team is comfortable working with popular accounting software and ERPs, including:

  • Microsoft Dynamics AX
  • Oracle Financials
  • SAP
  • Tally
  • QuickBooks
  • Xero
  • Odoo
  • Candela (POS)
  • Safasha ERP, etc.

If you already have a system, we’ll work with it. If not, we can guide you on setting one up that suits your business.

Reporting, Closings & Financial Statements

Numbers are only useful if they tell you a story. We turn your data into insights.

MIS & Management Reports
  • Customized management reports for internal use
  • Sales, expenses, and profitability analysis
  • Aging reports for receivables and payables
  • Cash flow–related reports
Periodic Closings
  • Preparing, adjusting, and closing journal entries
  • Year-end adjustments to General Ledger and Trial Balance
Financial Statements Preparation
  • Statement of Profit or Loss
  • Statement of Financial Position
  • Supporting schedules as needed

These give you a clear picture of how your business is really performing.

Dedicated Accountants – On Your Terms

Different businesses have different needs. At HMAS, you can get:

  • A full-time dedicated accountant
  • A part-time/remote accountant, depending on your workload

You can directly contact your assigned accountant for day-to-day matters. For more complex issues, our senior accountants and qualified professionals step in to review, advise, and guide – including designing custom MIS reports and helping with strategic financial decisions.

Why Businesses Trust HMAS with Their Accounts

When you outsource your accounting and bookkeeping to Haroon Malik Accounting Services (HMAS), you get:

  • Work planned and supervised by experienced professionals
  • Lower cost than building and managing a full in-house accounts team
  • Access to skilled and competent staff whenever you need
  • Consistent quality and on-time delivery
  • A single point of contact for accounting and tax matters
  • Real-time updating of Sales invoices, Receipts and payments
  • Payables and receivables, Aging reports, and follow-up summaries
  • Smooth processing of income and expense vouchers
  • End-to-end support with tax compliance
  • Clean and reconciled bank records
  • Properly maintained general and subsidiary ledgers
  • Practical, easy-to-read MIS and financial statements for management

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