Accounts Closing & Period-End Services in UAE
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Accurate accounts closing is one of the most important financial processes for any business. Whether it is monthly, quarterly, or annual closing, companies must ensure that their books are accurate, complete, and compliant with UAE regulations. At Catalyst Taxes, we provide professional Accounts Closing & Period-End Services in the UAE to help businesses finalize their financial records with clarity and confidence.
Our experienced accounting professionals ensure your financial statements are properly reconciled, adjusted, and ready for reporting, audit, and tax filing purposes.
What Is Accounts Closing?
Accounts closing, also known as period-end closing, is the process of reviewing, verifying, and finalizing all financial transactions recorded during a specific period. It ensures that income, expenses, assets, and liabilities are accurately recorded before preparing financial statements.
This process is essential for:
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Preparing accurate financial reports
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Ensuring compliance with UAE Corporate Tax and VAT laws
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Supporting external or statutory audits
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Evaluating company performance
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Making informed management decisions
Without proper period-end closing, financial statements may contain errors that can affect tax filings, audits, and business decisions.
Our Period-End Closing Process at Catalyst Taxes
At Catalyst Taxes, we follow a structured and transparent approach to ensure your books are finalized accurately and on time.
Review of Financial Transactions
We begin by reviewing all transactions recorded during the period. This includes verifying invoices, expenses, payroll entries, supplier payments, customer receipts, and bank transactions. Our goal is to ensure every financial activity is properly documented and categorized.
Bank and Account Reconciliation
Reconciliation is a critical part of accounts closing. We reconcile:
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Bank statements
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Accounts receivable and payable
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Credit card statements
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Intercompany transactions
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Petty cash balances
This step ensures that recorded balances match actual financial records and helps detect discrepancies early.
Adjusting Journal Entries
To present a true and fair financial position, certain adjustments must be made at the end of the period. These may include:
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Accrued expenses and revenues
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Prepaid expenses
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Depreciation of assets
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Provisions and reserves
Our team ensures all necessary adjustments are accurately recorded according to accounting standards and UAE regulations.
Verification of VAT and Corporate Tax Data
With the introduction of Corporate Tax in the UAE and ongoing VAT compliance requirements, accurate period-end reporting is more important than ever. Catalyst Taxes reviews:
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VAT input and output calculations
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Tax payable or refundable amounts
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Corporate tax adjustments
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Supporting documentation
This ensures your tax filings are accurate and compliant, reducing the risk of penalties.
Preparation of Financial Statements
Once all reviews and adjustments are complete, we prepare financial statements for the closed period. These typically include:
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Income Statement
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Balance Sheet
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Cash Flow Statement
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Trial Balance
We ensure these reports comply with International Financial Reporting Standards (IFRS) and are ready for management review, bank submission, or audit purposes.
Monthly, Quarterly & Annual Closing Services
Different businesses require different closing cycles. Catalyst Taxes offers flexible closing services tailored to your business needs.
Monthly Closing
Monthly closing helps businesses monitor performance regularly. It allows management to detect financial issues early and make timely decisions.
Quarterly Closing
Quarterly closing supports corporate reporting, tax planning, and performance analysis. It provides a broader view of business trends.
Annual Closing
Year-end closing is critical for statutory audits, corporate tax filing, and regulatory compliance in the UAE. Our team ensures your annual accounts are finalized accurately and efficiently.
Why Period-End Closing Is Important for UAE Businesses
In the UAE, companies must maintain proper accounting records under commercial regulations and tax laws. Inaccurate closing can lead to:
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Errors in financial reporting
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Tax miscalculations
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Audit qualifications
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Regulatory penalties
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Poor financial decision-making
Professional accounts closing services ensure your business stays compliant and financially organized.
Why Choose Catalyst Taxes?
As one of the UAE’s leading accounting and tax firms, Catalyst Taxes combines technical expertise with practical business understanding. We do not just finalize numbers — we help you understand them.
When you partner with us, you benefit from:
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Experienced accountants and tax professionals
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IFRS-compliant reporting
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Corporate Tax and VAT expertise
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Timely and confidential service
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Customized solutions for SMEs and large enterprises
We work closely with your management team to ensure financial transparency and operational efficiency.
Strengthen Your Financial Foundation
Accounts closing is not just a routine accounting task — it is a strategic process that protects your business from financial and compliance risks. With Catalyst Taxes handling your period-end closing, you gain accurate reporting, regulatory compliance, and better control over your business finances.
If you are looking for reliable Accounts Closing & Period-End Services in the UAE, Catalyst Taxes is here to support you.
Contact us today to ensure your books are closed accurately and on time.
