Time Machine Financial Services
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Bookkeeping &Accounting Services

Day-to-day books kept current to IFRS, with monthly management accounts and records that are always ready for VAT returns, Corporate Tax and audit.

  • IFRS Books
  • Monthly Accounts
  • VAT-Ready Records
  • Corporate Tax-Ready
  • Cloud Software

Published Updated

Books That Are Ready When You Need Them

UAE Corporate Tax requires every company to keep accounting records and supporting documents for at least seven years, and financial statements are expected to follow IFRS. VAT-registered businesses must also keep records that support every return.

Most compliance problems start with books that are months behind. We record your transactions, reconcile your bank accounts, and close each month so you always know where the business stands. When VAT, Corporate Tax or audit time comes, the numbers are already there.

Business planning session (placeholder)

How Our Bookkeeping Works

Six steps, repeated every month.

  1. 01

    Onboarding

    Chart of accounts, opening balances and accounting software set up or reviewed.

  2. 02

    Document Collection

    Invoices, receipts and bank statements collected through a simple monthly routine.

  3. 03

    Recording

    Sales, purchases, expenses and payroll recorded with the right VAT treatment.

  4. 04

    Reconciliation

    Bank, card and supplier balances reconciled every month.

  5. 05

    Month-End Close

    Accruals, prepayments and depreciation posted and the month closed.

  6. 06

    Management Accounts

    Profit and loss, balance sheet and cash summary delivered with short commentary.

What You Need to Provide

What we need to start and each month after.

  • Trade licence and company documents
  • Bank and card statements
  • Sales and purchase invoices
  • Expense receipts
  • Payroll details
  • Access to existing accounting software, if any

Why Use TMFS for Bookkeeping

Good books make every other obligation easier.

Books kept current every month

IFRS-based records

VAT treatment applied as you go

Ready for Corporate Tax computation

Monthly management accounts

Clean records for auditors and banks

Cloud software set up for you

One team for books, VAT and tax

The TMFS Advantage

What sets our bookkeeping apart.

Monthly Close

Books closed every month, not reconstructed at year end.

Tax-Ready

Records kept with VAT returns and the Corporate Tax computation in mind.

Management Accounts

Clear monthly reports you can actually use to run the business.

Cloud Accounting

Modern accounting software set up and maintained for you.

Bank-Ready

Statements that support loan and account applications.

Audit-Ready

Schedules and support prepared before the auditor asks.

Why Businesses Choose TMFS for Bookkeeping

Three things clients mention most.

Advisors reviewing documents with a client (placeholder)

Always up to date

Books closed monthly, so there is no year-end scramble.

Compliant by default

VAT and Corporate Tax built into the routine.

Useful numbers

Reports that explain how the business is doing.

What Clients Say

Feedback from founders who set up with TMFS.

TMFS has truly been a game changer for me. Their personalized approach to financial services made the entire process easy and stress-free. I trust them completely with my investments and feel secure knowing my financial future is in safe hands.

VT
Vipul TibrewalMarketing Manager, PSP Marketing

I've worked with several financial firms, but TMFS stands out with their attention to detail and commitment to understanding my unique needs. Their professional team has guided me every step of the way, and I couldn't be happier with the results.

FA
Fatima Al MansooriRealtor, Frisko

TMFS has been incredibly supportive and responsive throughout my financial journey. Their personalized broker services have exceeded my expectations, and I now recommend them to anyone looking for trustworthy financial guidance.

PN
Priya NairSales

I came to TMFS with a business idea and very little idea of how UAE setup worked. They recommended the right free zone for my activity, handled the licence paperwork, and had my company registered within a week. What impressed me most was the banking. They prepared my bank application alongside the licence, so my business account was opened soon after instead of dragging on for months. One team, one point of contact, and no surprises on cost.

RM
Rahul MenonFounder, E-commerce Start-up

Keeping up with VAT and the new Corporate Tax rules was taking time away from running the business. TMFS took over our bookkeeping, registered us for Corporate Tax and now files our VAT returns every quarter, always ahead of the deadline. Their team explains what is due and why in plain language, and our accounts are finally clean and audit-ready. It is one less thing I have to worry about.

SW
Sarah WhitfieldDirector, Trading Company

TMFS handled my investor visa and then my wife's and children's family visas, and the whole process was far smoother than I expected. They told us exactly which documents we needed, booked the medicals and Emirates ID appointments, and kept us updated at every step. When we later hired our first two employees, they processed those visas just as quickly. I'd trust them with any visa matter.

OH
Omar HaddadManaging Partner, Consultancy

Bookkeeping: Frequently Asked Questions

Common questions about bookkeeping in the UAE.

Is bookkeeping mandatory in the UAE?
Yes. Companies must keep proper accounting records under company law, and the Corporate Tax law requires records to be kept for at least seven years.
Which accounting standard applies?
Financial statements are generally expected to follow IFRS. Smaller businesses may be able to use IFRS for SMEs.
Do I need accounting software?
It isn’t required, but it makes bookkeeping faster and more reliable. We can set up cloud software or work with what you use.
Can you catch up on books that are behind?
Yes. We can bring past periods up to date before starting the monthly routine.
How do I send you documents?
Through a shared folder or your accounting software, on a simple monthly schedule.
Sources & official references

Federal Tax Authority (FTA) · Federal Decree-Law No. 47 of 2022 (Corporate Tax) · Federal Decree-Law No. 8 of 2017 (VAT)

Verification & independence

Prepared from publicly available guidance from the Federal Tax Authority and UAE federal law as of October 2026. Time Machine Financial Services is independent of the Federal Tax Authority and is not affiliated with or acting for any UAE government authority.

Record-keeping, VAT and Corporate Tax requirements change. Confirm the current position for your situation with the Federal Tax Authority, or ask us, before acting on this page.

Get expert advice

Speak to a UAE setup specialist

Tell us what you need and a consultant will reply within one working day, with no obligation.

  • The consultant you speak to stays on your file
  • A straight answer on structure, cost and timeline
  • A reply within one working day
  • A free 20-minute consultation

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Need Your Books Kept Properly?

Talk to a TMFS consultant about monthly bookkeeping that keeps you ready for VAT, Corporate Tax and audit.

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