Accounting & Payroll Services

Manage your accounting, payroll, and financial reports efficiently

Our team of certified accountants ensures you have accurate financial records and reports, helping you focus on growing your business. From bookkeeping to audit support, we’ve got all your accounting needs covered.

At Rhodes & Collins, we offer comprehensive accounting services that ensure your corporate financial records are always accurate and up-to-date. No matter the size of your business, proper accounting is crucial for effective decision-making, financial planning, and measuring performance. Our services comply with International Financial Reporting Standards (IFRS), managed by highly skilled certified accountants.

Our Accounting Services

Bookkeeping

Let our accountants handle the complexities of recording and updating all daily financial transactions, including detailed bank reconciliations.

Payroll Management

We provide full payroll services, generating reports, managing gratuity calculations, and issuing pay slips—ensuring your staff payments are handled efficiently and on time.

Account Reconciliation

We'll ensure the accuracy of your financial records by reconciling your accounts and verifying that general ledger balances match.

Financial Reporting

Get detailed financial reports to gauge your business performance, including: Trial Balance, Profit & Loss Statement, Balance Sheet, Cash Flow Statement, General Ledgers etc

Exclusive Packages

  • EASY

    AED

    900

    Up To 25 Monthly Transactions with less than 1.5M yearly turnover

    Included Services

    • Accounting (IFRS /IFRS for SME's)
    • VAT & Corporate Tax Consultancy
    • Updating Transactions Monthly
    • Sales
    • Purchase
    • Receipts
    • Payments
    • Expenses
    • Petty Cash
    • Bank Reconciliation
    • Provision, Prepayments & Others
  • BASIC

    AED

    1500

    Up To 75 Monthly Transactions with less than 2.5M yearly turnover

    Included Services

    • Accounting (IFRS /IFRS for SME's)
    • VAT & Corporate Tax Consultancy
    • Updating Transactions Monthly
    • Sales
    • Purchase
    • Receipts
    • Payments
    • Expenses
    • Petty Cash
    • Bank Reconciliation
    • Provision, Prepayments & Others
  • ADVANCE

    AED

    2500

    Up To 150 Monthly Transactions with less than 5M yearly turnover

    Included Services

    • Accounting (IFRS /IFRS for SME's)
    • VAT & Corporate Tax Consultancy
    • Updating Transactions Monthly
    • Sales
    • Purchase
    • Receipts
    • Payments
    • Expenses
    • Petty Cash
    • Bank Reconciliation
    • Provision, Prepayments & Others
  • CUSTOMISED PLAN

    We will create a customized plan based on your specific business needs.

    Included Services

    • Accounting (IFRS /IFRS for SME's)
    • VAT & Corporate Tax Consultancy
    • Updating Transactions Monthly
    • Sales
    • Purchase
    • Receipts
    • Payments
    • Expenses
    • Petty Cash
    • Bank Reconciliation
    • Provision, Prepayments & Others

Accounting and Bookkeeping Policies in Dubai

The UAE follows accounting standards aligned with IFRS and UAE GAAP principles, which apply to both government entities and private companies. These principles ensure that income is recognized when earned, expenses when incurred, and assets and liabilities are measured at fair value.

Key Policies to Follow

To ensure your accounting practices are legally compliant in Dubai:

  • Record Keeping: Financial records must be kept for at least five years, with the Ministry of Finance recommending ten years for tax purposes.
  • Cash Receipts: All transactions over AED 1,000 must be supported by official receipts, detailing the transaction and signed by authorized personnel.
  • Bank Transactions: Keep all bank statements on record, ensuring that each transaction is traceable with date, amount, and relevant business details.
  • VAT Returns: Businesses operating in the UAE must comply with VAT regulations. Our team can help you manage and submit VAT returns in compliance with local tax laws.
  • Supporting Documents: Keep original supporting documents like invoices, credit notes, and contracts to maintain accurate records for audits and tax submissions.


How We Keep Your Business Accounting Records in Order

Many businesses attempt to handle bookkeeping internally, only to find it overwhelming. Let Rhodes & Collins take this burden off your plate. Instead of spending countless hours managing financial records, we offer two options:

Hiring In-House Accountants

For businesses with more complex accounting needs, we assist in hiring qualified in-house accountants. Our recruitment process ensures you hire professionals experienced in reconciliation, bookkeeping, and financial reporting.

Outsourcing Accounting Services

Outsource your entire accounting department or specific tasks like payroll, tax preparation, or accounts reconciliation to Rhodes & Collins. Outsourcing not only saves you time but also cuts overhead costs, allowing you to focus on running your business.

Benefits of Outsourcing Business Accounting Services in Dubai

Cost-Effective

Outsourcing eliminates the need to hire a full-time accounting staff, significantly reducing overheads like salaries, health insurance, and training costs.

Expertise

Our team of certified accountants ensures your business stays compliant with UAE regulations and provides expert advice on financial management and tax strategies.

Focus on Core Business

By outsourcing accounting, you can focus on your core business operations without being bogged down by the complexities of bookkeeping and payroll.

Compliance with UAE Laws

Stay ahead of evolving UAE tax and legal requirements. We help you meet deadlines, avoid penalties, and ensure your business remains compliant.

Access to Latest Technology

At Rhodes & Collins, we leverage cutting-edge accounting software and cloud technology, allowing you to benefit from the latest advancements without costly investments.

Schedule your Free Consultation Today

Ready to take control of your financial success? Contact us for a free consultation and discover how our expertise can benefit your business. Our dedicated team of professionals is here to understand your unique needs, answer your questions, and provide personalized solutions tailored to your specific goals.

Phone Number:
+971 50 778 1084
Mail Address:
info@rhocol.com

Schedule Your Consultation.