Bookkeeping is the day-to-day recording of a company's income and expenses; accounting turns those records into reports you can make decisions with. Credo Novus keeps your books accurate and up to date, reconciles your bank accounts and prepares financial reports, so your records are reliable for management, banks and UAE tax compliance.
What is included?
- Transaction recording: sales, purchases and expenses recorded and categorised correctly
- Bank reconciliations: your books matched to your bank statements every period
- Financial reporting: profit and loss, balance sheet and cash position in a format you can read
Why does bookkeeping matter for UAE companies?
The UAE introduced Value Added Tax at a standard rate of 5% in 2018, and corporate tax applies to financial years beginning on or after 1 June 2023. Under the corporate tax law, taxable income up to AED 375,000 is taxed at 0% and income above that at 9%. Both systems depend on complete, accurate records, which the Federal Tax Authority can ask to see. Clean books make filing straightforward for you or your tax agent and avoid penalties for poor record-keeping.
| Taxable income | Corporate tax rate |
|---|---|
| Up to AED 375,000 | 0% |
| Above AED 375,000 | 9% |
Who is it for?
Founders who are doing their own books in spreadsheets, small businesses without a finance team, and growing companies that need reliable monthly figures for decisions and bank relationships.
How does it work?
- We review your current records and set up a clear chart of accounts.
- You share invoices, receipts and bank statements on an agreed schedule.
- We record, reconcile and report each period.
- You get figures you can read, with questions answered by the same person each time.
Related services
New company? Start with company formation, then hand us the books from day one. Ask about bookkeeping.
Official sources: Corporate tax on u.ae, Federal Tax Authority. This page is general information, not tax advice.
