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Accounting & Bookkeeping

Accounting & Financial Reporting

Registered Tax Agent — Regulated by the FTA

Capella delivers accurate accounting and financial reporting across the UAE, turning your day-to-day transactions into clear, IFRS-compliant financial statements. We present a true and fair picture of your business so you can plan with confidence and stay compliant.

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TAN 30000939TAAN 20011987
Accounting & Financial Reporting — Capella Tax Consultancy
FTA Approved
Accounting & Bookkeeping
8+Years of Expertise
3,500+Clients Served
35,000+VAT Filings
4.9/5Client Rating

What is Accounting & Financial Reporting?

Financial accounting is the process of recording, summarising and presenting your company's financial transactions in a structured Financial Report or Financial Statement.

Its primary goal is to present an accurate and fair picture of your business's financial affairs to investors, creditors, suppliers, government agencies and clients, while giving management comprehensive accounts and forecasts for decision-making.

At a glance
  • Records, summarises and presents all business transactions
  • Produces IFRS-compliant financial statements
  • Reporting prepared on the accrual basis of accounting
  • Gives management accurate accounts and forecasts

Who needs it

Proper accounting and reporting is mandatory or recommended for all businesses in the UAE, both to safeguard the company and to satisfy external parties who rely on its financial information.

Different external users need financial information for different decisions, and financial accounting gives them data that is dependable, relevant and comparable.

  • Shareholders and investors
  • Lenders and creditors
  • Potential customers
  • Suppliers
  • Regulators and the UAE Tax Authority

Our accounting & reporting process

To complete your accounting and financial analysis reporting, Capella follows a clear, structured process from data entry through to finalised statements.

  • Double-entry system – every transaction recorded in at least two accounts, debits equal to credits
  • Ledger entry – accurate ledgers with date, debit/credit totals, account and unique reference number
  • Trial balance – listing all general ledger accounts to verify the books
  • Financial statements – preparation and finalisation of your statutory accounts

Financial statements we prepare

After collecting all relevant data, Capella prepares the four financial statements every company must produce, plus the MIS reports that help management make decisions.

  • Income Statement – net income for the financial year
  • Balance Sheet – Assets = Liabilities + Shareholders' Equity
  • Shareholders' Equity Statement
  • Cash Flow Statement – operating, financing and investing activities
  • MIS reports: comparative income statement, customer/supplier ageing, profitability analysis and audit schedules

IFRS compliance

All accounting reports are prepared on the accrual basis and follow IFRS auditing standards. IFRS is a set of universally accepted standards developed by the IASB and applied by registered entities in over 160 countries.

We apply the relevant standards and interpretations to keep your reporting globally credible and audit-ready.

At a glance
  • IFRS 9 Financial Instruments
  • IFRS 10 Consolidated Financial Statements
  • IFRS 15 Revenue from Contracts with Customers
  • IFRS 16 Leases (finance or operating lease)
  • IAS 16 Property, Plant & Equipment

Where we operate

We provide professional accounting services across all seven Emirates in the UAE.

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ajman
  • Ras Al Khaimah
  • Fujairah and Umm Al Quwain
Why Capella

Why choose Capella

FTA-registered tax agents (TAAN: 20011987) with deep Middle East market knowledge
Proven track record in fully outsourced and co-sourced accounting
High-quality deliverables on time and within budget
Statements that comply with IFRS to the highest professional standard
Flexible on-site or off-site service tailored to your requirements
How we work

Books built to FTA and IFRS standard, from day one

01
Step 1

Discovery & health check

We review your current bookkeeping, software, and transaction volume, then agree the right reporting basis, accrual or cash, based on your revenue band and Corporate Tax position.

02
Step 2

Clean-up & migration

We organise source documents, reconcile bank and ledger balances, and migrate your books into Zoho, QuickBooks, Xero, Odoo, or Tally with a clean opening trial balance.

03
Step 3

Monthly bookkeeping & close

Recurring recording, reconciliations, and a structured month-end close, so your ledgers stay current instead of becoming a year-end scramble before filing.

04
Step 4

IFRS financial statements

We prepare your income statement, balance sheet, and cash flow under IFRS or IFRS for SMEs, the only standards the FTA accepts under Ministerial Decision No. 114 of 2023.

05
Step 5

Tax-ready handover

Final statements, schedules, and a clean audit trail handed over, retained for the full 7-year record-keeping period and ready for VAT, Corporate Tax, or external audit.

The Capella difference

Numbers that speak for us

900+

Businesses served

Books maintained across mainland and free zone entities in the UAE

100%

IFRS-compliant

Statements prepared to IFRS / IFRS for SMEs, the only FTA-accepted standards

4.9/5

Client rating

FTA-registered tax agent trusted for accurate, on-time reporting

72h

Typical turnaround

Fast monthly close so your books are never the bottleneck

Annual

Up to 100 transactions yearly
AED299
per month, billed yearly
  • Bookkeeping (yearly)
  • Annual management reports
  • Bank account reconciliation
  • Free tax advisory
  • Corporate tax advice
  • Dedicated accounts manager
Get Started

Quarterly

Up to 200 transactions quarterly
AED399
per month, billed quarterly
  • Bookkeeping (quarterly, cash-basis)
  • Quarterly management reports
  • Bank account reconciliation
  • Free tax advisory
  • Quarterly VAT filing
  • Quarterly online meeting
  • Dedicated accounts manager
Get Started
Most popular

Monthly

Up to 150 transactions monthly
AED500
per month, billed monthly
  • Bookkeeping (monthly, accrual-basis)
  • Monthly management reports
  • Bank account reconciliation
  • Free tax advisory
  • Quarterly VAT filing
  • Free software integrations
  • Monthly online meeting
  • Dedicated accounts manager
Get Started
How we compare

Why businesses choose Capella

Generic agentsBig-4 / premiumCapella
FTA-registered tax agentOften not Yes Yes
Dedicated account managerVariesTeam-based Yes
Direct WhatsApp access No No Yes
Transparent fixed-fee packagesVariesHigh retainersFrom AED 299/mo
SME & startup focusVariesEnterprise-focused Yes
Accounting, tax & audit under one roofRarely Yes Yes
Local UAE / FTA expertiseVaries Yes Yes
FTA Approved

An FTA-registered & approved tax agency in the UAE.

Tax Agent (TAN): 30000939  |  TAAN: 20011987

Capella Tax Consultancy L.L.C is an FTA-approved Tax Agent in the UAE, helping businesses stay compliant with tax regulations. We provide VAT registration, VAT return filing, tax advisory, compliance reviews, and corporate tax services across all seven Emirates.

DubaiAbu DhabiSharjahAjmanAll UAE
Capella FTA tax agent certificate
FTA Registered Tax Agent
FAQ

Frequently asked questions

Yes. Under the UAE Commercial Companies Law and Federal Corporate Tax Law, every mainland and free zone company must maintain proper books of account and prepare financial statements, with reporting done on the accrual basis in line with IFRS or IFRS for SMEs.

UAE businesses must prepare financial statements under IFRS, while smaller entities may apply IFRS for SMEs; the FTA accepts these for Corporate Tax purposes, and statements are prepared on the accrual basis of accounting.

Taxable persons with revenue exceeding AED 50 million in a tax period, and all Qualifying Free Zone Persons regardless of revenue, are required to prepare and maintain audited financial statements under the FTA's rules.

Under FTA regulations, financial and accounting records must be retained for at least 5 years from the end of the relevant tax period (7 years for real estate records), and longer if requested by the Authority.

The FTA imposes administrative penalties for not keeping required records, starting at AED 10,000 for a first violation and AED 20,000 for repeated failures, alongside the risk of inaccurate tax filings that trigger further fines.

Testimonials

What clients say about Capella.

Capella has been a game-changer for our business. Their team is knowledgeable, responsive, and always ensures we stay compliant.

SME
SME ownerDubai

Professional, proactive, and always available when we need them. They handle our accounting, VAT, and corporate tax with complete accuracy.

TC
Trading companySharjah

Their insights go beyond compliance. Capella helps us understand our numbers better and make smarter financial decisions.

FN
FounderAbu Dhabi
Let's talk

Book a Free Consultation Today

Talk to Capella's experts for reliable, IFRS-compliant accounting and financial reporting anywhere in the UAE.

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