Accounting & Auditing
Precision in financial tracking and rigorous internal auditing, so your books are always ready for a bank, investor, or auditor.
Overview
Reliable books are the foundation everything else — tax filings, financing, and decision-making — is built on. Royal Grace manages your day-to-day bookkeeping, clears historical backlogs, and prepares accurate financial statements you can hand over with confidence.
Alongside this, our internal audit reviews test your controls and processes to catch errors, inefficiencies, and compliance gaps before they become costly — and we set up or clean up your accounting software so your team isn't fighting the system every month-end.
Scope of Our Engagement
We take on day-to-day bookkeeping, backlog clean-up spanning multiple financial years, monthly and annual financial statement preparation, and internal audit reviews of your controls, cash handling, and inventory processes. Engagements can run as an ongoing monthly retainer or a one-off backlog clearance and clean-up project.
Our Process
We start by reviewing your existing records and chart of accounts, reconcile bank and supplier accounts against source documents, and correct any misclassifications found along the way. From there we produce monthly management accounts and, where needed, conduct an internal audit walkthrough of your key financial controls — flagging risks and recommending fixes before your year-end audit or bank review.
Benefits
Accurate, up-to-date books mean faster decision-making, fewer surprises at tax time, and financial statements that hold up under bank or investor scrutiny. An internal audit catches control weaknesses — around cash handling, approvals, or inventory — while they're still cheap to fix, rather than after they've caused a loss.
Compliance Considerations
Accurate bookkeeping directly supports your UAE Corporate Tax and VAT filing obligations, since your tax position is only as reliable as the underlying accounting records. Certain UAE entities are also required to maintain audited financial statements — we prepare your books to a standard your external auditor can sign off on without delay.
What's Included
- Bookkeeping & Backlog
- Financial Statements
- Internal Auditing
- Software Setup
Who This Is For
Businesses with an accounting backlog, companies needing audit-ready financials, and teams outgrowing spreadsheet-based bookkeeping.
Frequently asked questions
Common questions about bookkeeping, financial statements, and internal audits.
We recommend monthly reconciliation of bank, supplier, and customer accounts. This keeps your financial statements accurate in real time and avoids a costly, time-consuming clean-up at year-end.
An internal audit isn't just a compliance exercise — it's how we catch control weaknesses in cash handling, approvals, or inventory before they turn into losses. Most growing businesses benefit from one even without a legal mandate.
Yes. We regularly take on backlog clean-up projects spanning multiple financial years, reconciling historical records and bringing your books current so you can file overdue returns or prepare for an audit.
We work with the major cloud accounting platforms used in the UAE and can set up a new system or clean up and reorganise your existing one so your team can manage it confidently month-to-month.
Ready to get your books in order?
Talk to us about bookkeeping, financial statements, or an internal audit.