Business Checklists for UAE Companies

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Monthly bookkeeping & close

0 / 10

Record all bank, card, cash and payment-gateway transactions.Match sales invoices and receipts to customer accounts.Post supplier bills, expenses and approved reimbursements.Complete bank, cash and card reconciliations.Review receivables and payables ageing for old or unusual balances.Post payroll and reconcile salary payments and related liabilities.Review accruals, prepayments, depreciation and recurring journals.Update inventory, fixed assets and loan schedules where applicable.Reconcile VAT and Corporate Tax supporting records to the ledger.Issue the monthly management pack and document its review.

Use after the last working day of every month.

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UAE VAT readiness

0 / 8

Confirm the correct legal name, address and TRN appear on tax documents.Keep a complete sequence of tax invoices and tax credit notes.Review VAT codes applied to sales, purchases and expenses.Reconcile output VAT to the sales ledger and revenue accounts.Confirm input VAT is supported by valid evidence and business purpose.Review imports, reverse-charge items and special transactions separately.Tie the VAT return workings to the general ledger before filing.Store the filed return, payment proof, reconciliations and review approval.

Confirm the current treatment with official FTA guidance or your tax adviser.

A

Corporate Tax records

0 / 8

Confirm registration details, tax period and filing responsibility.Maintain complete accounting records and a consistent chart of accounts.Reconcile reported revenue to invoices, bank receipts and the accounts.Identify private, capital, non-business and potentially non-deductible expenses.Document related-party and connected-person transactions where relevant.Maintain fixed-asset registers and depreciation or amortisation workings.Keep evidence for elections, adjustments, reliefs and tax calculations.Retain the return, payment evidence, financial statements and supporting files.

Relevant Corporate Tax records are generally retained for at least seven years; check current FTA requirements.

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Cash flow & collections

0 / 9

Maintain a rolling 13-week cash-flow forecast.Start the forecast from reconciled bank and cash balances.Use realistic customer receipt dates rather than invoice dates.Include payroll, rent, tax, loan and supplier commitments by due date.Review receivables ageing and assign every overdue balance an owner.Document collection calls, promises to pay and disputed invoices.Review credit limits and payment terms before accepting more exposure.Compare forecast with actual cash weekly and explain material differences.Escalate expected shortfalls early with practical response options.

Review weekly when cash is tight or customer payment terms are long.

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Accounting-system migration

0 / 8

Approve the chart-of-accounts structure and reporting dimensions.Clean customer, supplier, item and employee master data.Reconcile the closing trial balance before importing opening balances.Configure VAT, invoice sequences, currencies and financial periods.Create role-based users and separate preparation from approval.Test sales, purchases, receipts, payments and credit notes end to end.Compare the first migrated reports with the approved source records.Back up data and confirm reliable exports and an audit trail are available.

Keep the old system read-only until opening balances and reports are approved.

Measure	Sample month
Revenue	100,000
Expenses	75,000
Net profit	25,000
Cash collected	80,000
Cash paid	70,000
Net cash movement	10,000

Business
Checklists

Work through one routine at a time

Monthly bookkeeping & close

UAE VAT readiness

Corporate Tax records

Cash flow & collections

Accounting-system migration

Use the right supporting resource

Need a professional review?

How can we help?

Search Alosus

BusinessChecklists

Work through one routine at a time

Monthly bookkeeping & close

UAE VAT readiness

Corporate Tax records

Cash flow & collections

Accounting-system migration

Use the right supporting resource

Need a professional review?

How can we help?

Business
Checklists