Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information
pertaining to a business. It ensures that records of the individual financial transactions are correct,
up-to-date and comprehensive. Accuracy is vital. Proper bookkeeping makes other accounting functions, such as
audits, payroll, and VAT filing, much simpler and less time consuming.
Why Accurate Accounting is Indispensable in the UAE
Under UAE Tax and Commercial Regulations—including Federal Decree-Law No. 47 of 2022 on Corporate Tax and
Federal Decree-Law No. 8 of 2017 on VAT—every taxable person and licensed enterprise is legally obligated
to maintain proper financial records and commercial books for a statutory minimum of seven years.
Inaccurate or delayed bookkeeping leads to cascading consequences: incorrect VAT return filings, missed
Corporate Tax deduction opportunities, punitive FTA administrative penalties, and failed bank facility
reviews. Lotus Auditors & Accountants provides modern, dependable bookkeeping and financial
supervision that keeps your company in complete control of its financial destiny.
Our Accounting Scope & Deliverables
We customize our bookkeeping and financial advisory solutions to your exact business volume, whether you
require weekly visits, full-time cloud management, or high-level controller supervision:
1. Part-time & Periodic Bookkeeping
Day-to-day recording of purchases, sales invoices, receipts, and bank transactions by qualified,
experienced accountants. Ensures your general ledgers and trial balances are always clean, reconciled,
and audit-ready.
Senior oversight reviewing existing accounting systems, verifying reconciliations, monitoring internal
controls, and ensuring in-house bookkeepers strictly comply with IFRS and UAE statutory guidelines.
• Controller Reviews • Ledger Verification • Internal Control Audits
3. Budgets & Projections
Developing annual operating budgets, rolling 12-month cash flow projections, capital expenditure
models, and variance analysis reports to support strategic expansions and commercial bank loan
facilities.
Empowering your permanent internal team through structured training on UAE VAT documentation,
corporate tax record-keeping requirements, standard operating accounting procedures, and cloud software
best practices.
We implement, migrate, and optimize world-class accounting software to give you real-time visibility into
your financial position anytime, anywhere:
Zoho Books (Certified Setup & Migration)
QuickBooks Online (Setup & Training)
Xero Accounting (Cloud Ledgers & Bank Feeds)
Tally Prime (UAE VAT Compliant Setup)
SAP Business One & Odoo (Advisory & Review)
Our 4-Stage Accounting Onboarding Process
01
Diagnostic Review
Analyzing your current books, opening balances, historical reconciliations, and backlog status.
02
Chart of Accounts
Designing an IFRS and UAE Corporate Tax-aligned Chart of Accounts tailored to your business model.
03
Ledger Execution
Systematic recording of daily sales, purchases, bank feeds, payroll entries, and supplier reconciliations.
04
Monthly MIS Close
Delivering final month-end management accounts, P&L analysis, and VAT-ready documentation.
Accounting & Bookkeeping FAQ
Outsourcing to Lotus Auditors saves up to 60% compared to full-time employee salaries, visa costs,
and office overhead. Furthermore, you gain direct access to senior audit partners, tax agents, and
continuous quality review rather than relying on a single junior staff member.
We offer flexible schedules based on transaction volume: daily remote bookkeeping, weekly dedicated
visiting accountants, or monthly closing supervision.
Yes. We specialize in rapid backlog accounting remediation. We reconstruct financial records from
bank statements, physical invoices, and supplier statements to bring your business fully up to date
for audit and tax filing.
Gain Crystal-Clear Control Over Your Business Financials
Schedule a confidential consultation today. Let Lotus Auditors take care of your ledgers, reconciliations,
and MIS reports so you can focus on growing your core business.
