BALANCE SHEET
ASSETS
Current Assets:
Cash & Cash EquivalentsAED 125,450
Accounts ReceivableAED 87,230
InventoryAED 45,780
Prepaid ExpensesAED 12,340
Total Current AssetsAED 270,800
Non-Current Assets:
Property, Plant & EquipmentAED 450,200
Intangible AssetsAED 25,000
Long-term InvestmentsAED 85,500
LIABILITIES & EQUITY
Current Liabilities:
Accounts PayableAED 35,670
VAT PayableAED 18,450
Accrued ExpensesAED 22,180
Short-term LoansAED 50,000
Equity:
Share CapitalAED 500,000
Retained EarningsAED 205,680
Premium Accounting Services in UAE

Luxury in Accounting,

Rooted in Trust

Boutique consultancy delivering clarity in accounting, tax consultation, and audit services across the UAE.

Like the rare agarwood that develops its distinctive character over time, we've cultivated unparalleled expertise through years of dedicated service.

0+
Happy Clients
0+
Years Experience
0%
UAE Compliant
GENERAL LEDGER
CASH ACCOUNT - 1001
DateDescriptionDrCr
01/JanOpening Balance89,250-
05/JanClient Payment25,400-
08/JanOffice Rent-7,000
12/JanService Revenue15,200-
15/JanUtility Bill-1,850
ACCOUNTS RECEIVABLE - 1200
DateClientDrCr
03/JanABC Corp45,600-
07/JanXYZ Ltd22,800-
10/JanDEF Trading18,950-
SERVICE REVENUE - 4001
DateServiceDrCr
02/JanVAT Consultation-8,500
06/JanBookkeeping-12,000
09/JanTax Filing-6,750
14/JanAudit Support-15,200
OPERATING EXPENSES - 5001
DateExpenseDrCr
01/JanSalaries23,800-
08/JanOffice Rent7,000-
15/JanProfessional Fees3,750-
Our Story

Crafting Excellence in
Accounting & Tax

Like the rare and precious agarwood that develops its distinctive fragrance over time, we've cultivated our expertise through years of dedicated service, precision, and unwavering commitment to our clients.

Boutique Excellence

In a world of mass-market solutions, we stand apart as a boutique consultancy that believes in the power of personalized service. Every client receives our undivided attention, every challenge is met with tailored solutions, and every relationship is built on trust and transparency.

UAE Expertise

Rooted deeply in the UAE market, we understand the intricacies of local regulations, VAT requirements, and business practices. Our team combines international accounting standards with local expertise to deliver solutions that are both compliant and strategic.

Commitment to Clarity

We believe that financial clarity is the foundation of business success. Our approach transforms complex financial data into clear, actionable insights that empower you to make informed decisions with confidence.

Precision

Every detail matters in our meticulous approach to accounting and tax services, ensuring accuracy in every transaction.

Integrity

Trust forms the foundation of every client relationship we build, maintaining the highest ethical standards.

Partnership

We work alongside you as trusted advisors, not just service providers, understanding your unique business needs.

Growth

Our strategies are designed to support your business growth and success, creating sustainable financial solutions.

INCOME STATEMENT
REVENUE
Service RevenueAED 485,200
Consultation FeesAED 125,800
Other IncomeAED 15,450
Total RevenueAED 626,450
EXPENSES
Employee SalariesAED 285,600
Rent ExpenseAED 84,000
Professional FeesAED 45,200
UtilitiesAED 18,750
Marketing & AdvertisingAED 25,400
DepreciationAED 32,150
Total ExpensesAED 491,100
NET INCOMEAED 135,350
Our Expertise

Premium Services
Tailored for UAE

From boutique accounting to strategic advisory, we deliver comprehensive financial solutions that drive business success across the United Arab Emirates.

Popular

Accounting Services

Complete Financial Solutions

Starting from AED 1,500/month

UAE VAT Consultancy

Expert Tax Guidance

Starting from AED 800/month

Audit Support

Comprehensive Compliance

Starting from AED 2,500/project

Business Advisory

Strategic Growth Solutions

Custom pricing available

Accounting Services

Complete Financial Solutions

Comprehensive bookkeeping, financial reporting, and accounting solutions tailored for UAE businesses of all sizes, ensuring accuracy and compliance.

Starting from AED 1,500/month
Most Popular

What's Included:

Monthly Financial Statements
Cash Flow Management
Accounts Payable/Receivable
General Ledger Maintenance
Financial Analysis & Reporting
Budget Planning & Forecasting
Need a Custom Solution?

We tailor our services to meet your specific business needs.

Ready to Experience Premium Accounting?

Join over 50+ satisfied clients who trust us with their financial success. Let's discuss how we can transform your business with our boutique approach.

CASH FLOW STATEMENT
OPERATING ACTIVITIES
Net IncomeAED 135,350
Depreciation & AmortizationAED 32,150
Changes in Working Capital:
- Accounts Receivable(AED 15,200)
- Inventory(AED 8,450)
+ Accounts PayableAED 12,850
Net Cash from OperationsAED 156,700
INVESTING ACTIVITIES
Equipment Purchases(AED 45,000)
Software Investment(AED 15,500)
Net Cash from Investing(AED 60,500)
FINANCING ACTIVITIES
Loan Repayment(AED 25,000)
Owner Drawings(AED 35,000)
Net Cash from Financing(AED 60,000)
NET CHANGE IN CASHAED 36,200
Why Choose Us

Excellence That Sets
Us Apart

Discover what makes AgarWood Accounting the preferred choice for businesses seeking premium financial services in the UAE.

Popular

Personalized Service

Dedicated Account Management

UAE Expertise

Local Market Specialists

Transparent Pricing

No Hidden Surprises

Scalable Solutions

Growth-Ready Services

Personalized Service

Dedicated Account Management

Every client receives dedicated attention with customized solutions tailored to their unique business needs and goals. Experience the difference of boutique-level service.

What You Get:

Dedicated account manager assigned to your business
24/7 priority support availability for urgent matters
Regular strategic consultations and business reviews
Flexible service packages that adapt to your needs
Direct access to senior partners and specialists
Proactive advice and business optimization suggestions
50+

Happy Clients

Businesses trust us

99.9%

Accuracy Rate

Error-free processing

24/7

Support

Always available

48h

Response Time

Maximum turnaround

Ready to Experience Premium Service?

Join the growing number of businesses who trust AgarWood Accounting for their financial success in the UAE market.

Free consultation • No commitment
VAT RETURN - UAE
TAX PERIOD INFORMATION
Tax Period:Q1 2024
From Date:01/01/2024
To Date:31/03/2024
Filing Date:28/04/2024
TRN:100123456789003
STANDARD RATED SUPPLIES
Accounting ServicesAED 125,400
Tax ConsultancyAED 89,600
Audit SupportAED 45,200
Total Standard RatedAED 260,200
VAT @ 5%AED 13,010
INPUT VAT DETAILS
Office SuppliesAED 425
Professional ServicesAED 1,200
Equipment PurchaseAED 2,150
Marketing ExpensesAED 650
Total Input VATAED 4,425
VAT SUMMARY
Output VATAED 13,010
Input VAT(AED 4,425)
VAT PAYABLEAED 8,585
DECLARATION

I declare that the information given in this return is true, complete and accurate.

Authorized Signatory: ________________
Date: 28/04/2024
Capacity: Managing Partner
Tools & Resources

Powerful Tools for
Financial Success

Access our comprehensive suite of financial tools and resources designed to streamline your business operations and ensure UAE compliance.

Popular

UAE VAT Calculator

Instant VAT Calculations

Calculate VAT amounts, totals, and reverse VAT for UAE tax rates (5%) with precision and ease

5% UAE VAT Rate
Reverse VAT Calculation
Bulk Calculations
Try Tool

Invoice Template Generator

Professional Templates

Create professional, UAE-compliant invoice templates customized for your business branding

UAE Compliance
Custom Branding
Multiple Formats
Try Tool

Tax Deadlines Calendar

Never Miss a Deadline

Comprehensive calendar of UAE tax filing and payment deadlines with smart reminders

Smart Reminders
All UAE Taxes
Calendar Sync
Try Tool

Currency Converter

Real-time Exchange Rates

Accurate, real-time currency conversion for international business transactions and reporting

Live Rates
100+ Currencies
Rate History
Try Tool

Business Expense Tracker

Simplified Expense Management

Track and categorize business expenses with automated receipt processing and reporting

Receipt Scanning
Auto-categorization
Monthly Reports
Try Tool

Secure Document Portal

Safe File Sharing

Securely upload and share financial documents with your accounting team using enterprise-grade encryption

256-bit Encryption
Version Control
Access Logs
Try Tool

Free Business Resources

Download our comprehensive collection of templates, guides, and tools to support your business growth in the UAE.

UAE VAT Guide 2024

Complete guide to VAT compliance in the UAE

PDF Guide2.8 MB

Business Setup Checklist

Essential checklist for UAE business registration

Checklist1.2 MB

Tax Calendar Template

Excel template for tracking tax deadlines

Excel0.5 MB

Financial Ratios Calculator

Analyze your business financial health

Calculator0.8 MB

Need Custom Solutions?

Our tools are just the beginning. Get personalized accounting solutions tailored to your business needs with our expert consultation.

Free assessment included
CASH FLOW STATEMENT
OPERATING ACTIVITIES
Net IncomeAED 135,350
Depreciation & AmortizationAED 32,150
Changes in Working Capital:
- Accounts Receivable(AED 15,200)
- Inventory(AED 8,450)
+ Accounts PayableAED 12,850
Net Cash from OperationsAED 156,700
INVESTING ACTIVITIES
Equipment Purchases(AED 45,000)
Software Investment(AED 15,500)
Net Cash from Investing(AED 60,500)
FINANCING ACTIVITIES
Loan Repayment(AED 25,000)
Owner Drawings(AED 35,000)
Net Cash from Financing(AED 60,000)
NET CHANGE IN CASHAED 36,200
Client Success Stories

Transforming Businesses
Across the UAE

Discover how our boutique approach and UAE expertise have helped businesses achieve remarkable financial success and perfect compliance.

VAT Compliance
(2024)

Success Story #1 of 5

“AgarWood Accounting transformed our financial operations completely. Their expertise in UAE VAT regulations saved us thousands in potential penalties. The personalized service and attention to detail is unmatched in the market.”
Saved AED 45,000 in penalties
TechnologyDubai
AA

Ahmed Al-Rashid

CEO & Founder

Dubai Tech Solutions

Company

Dubai Tech Solutions

Location & Industry

Dubai • Technology

Verified Client
Technology Sector • 2024
1 / 5

Our Success Partners

Click any client to view their story

Proven Track Record

Our success is measured by the success of our clients across the UAE

50+

Success Stories

Across UAE

99.9%

Client Satisfaction

Rating

5+

Years Experience

In UAE Market

24/7

Priority Support

When You Need Us

Boutique Excellence Since 2019

Ready to Write YourSuccess Story?

Experience the AgarWood difference with personalized service, UAE expertise, and boutique attention to detail. Join our growing family of successful businesses across the Emirates.

5.0 Rating

From 50+ verified clients

UAE Licensed
Certified Experts
Boutique Service
100% Compliant
AUDIT WORKING PAPERS
MATERIALITY CALCULATIONS
Total Assets:AED 831,500
Total Revenue:AED 626,450
Net Income:AED 135,350
Planning Materiality (5%):AED 31,323
Performance Materiality (75%):AED 23,492
RISK ASSESSMENT
AccountRiskResponse
Revenue RecognitionMediumSubstantive
Cash & EquivalentsLowAnalytical
Accounts ReceivableMediumMixed
Fixed AssetsLowAnalytical
Payroll ExpensesHighSubstantive
TESTING PROCEDURES
Revenue Testing:
✓ Sample 25 sales invoices
✓ Verify client contracts
✓ Test cut-off procedures
✓ Analytical review of margins
Cash Testing:
✓ Bank confirmation letters
✓ Bank reconciliation review
✓ Cash count procedures
✓ Subsequent receipts testing
Expense Testing:
✓ Sample 20 expense transactions
✓ Review supporting documentation
✓ Test accruals completeness
✓ Analytical procedures
FINDINGS & CONCLUSIONS
• No material misstatements identified
• Internal controls operating effectively
• Minor adjustment: AED 2,450 expense accrual
• Management letter points: 3 minor items
• Opinion: Unqualified
Insights & Resources

Latest Financial
Insights

Explore our expert insights on UAE accounting, tax regulations, and financial best practices. Scroll through our featured articles and click to read the full story.

Featured Articles

6 insights to explore

Scroll to explore
VAT & Tax
Featured

Ultimate Guide to UAE VAT Registration for New Businesses

Everything you need to know about VAT registration requirements, deadlines, and compliance for startups and new businesses in the UAE.

December
8 min read
2.4k
#VAT#Registration#UAE
Read Article
Accounting Tips

5 Common Accounting Mistakes That Cost UAE Businesses Money

Discover the most frequent accounting errors we see in UAE businesses and learn how to avoid costly mistakes that could impact your bottom line.

December
6 min read
1.8k
#Accounting#Mistakes#Business Tips
Read Article
Technology

Digital Transformation in UAE Accounting: What You Need to Know

How modern accounting technology is reshaping financial management for UAE businesses and what it means for your company's future.

December
10 min read
3.1k
#Digital#Technology#Automation
Read Article
Financial Planning
Featured

Year-End Financial Planning Checklist for UAE Companies

Essential steps to ensure your business is financially prepared for the new year, including tax optimization and compliance requirements.

November
12 min read
4.2k
#Planning#Year-End#Compliance
Read Article
VAT & Tax

Understanding Corporate Tax in UAE: A Comprehensive Overview

Navigate the new corporate tax landscape in the UAE with our detailed guide covering rates, exemptions, and compliance requirements.

November
15 min read
5.6k
#Corporate Tax#UAE#Compliance
Read Article
Financial Planning

Cash Flow Management Strategies for Growing Businesses

Learn proven techniques to optimize cash flow, manage working capital, and ensure financial stability during periods of rapid growth.

November
9 min read
2.9k
#Cash Flow#Growth#Management
Read Article
2 featured articles
Expert Financial Insights

Never Miss Our LatestFinancial Insights

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GENERAL LEDGER
CASH ACCOUNT - 1001
DateDescriptionDrCr
01/JanOpening Balance89,250-
05/JanClient Payment25,400-
08/JanOffice Rent-7,000
12/JanService Revenue15,200-
15/JanUtility Bill-1,850
ACCOUNTS RECEIVABLE - 1200
DateClientDrCr
03/JanABC Corp45,600-
07/JanXYZ Ltd22,800-
10/JanDEF Trading18,950-
SERVICE REVENUE - 4001
DateServiceDrCr
02/JanVAT Consultation-8,500
06/JanBookkeeping-12,000
09/JanTax Filing-6,750
14/JanAudit Support-15,200
OPERATING EXPENSES - 5001
DateExpenseDrCr
01/JanSalaries23,800-
08/JanOffice Rent7,000-
15/JanProfessional Fees3,750-
Get In Touch

Start Your Financial
Success Journey

Ready to experience premium accounting services? Contact our expert team for a personalized consultation tailored to your business needs.

Multiple Ways to Reach Us

Phone Call

9 AM - 6 PM

Direct consultation

+971 50 123 4567

WhatsApp

24/7 Response

Instant messaging

+971 50 123 4567

Email

24h Response

Detailed inquiries

info@agarwoodaccounting.ae

Business Hours

Sunday - Thursday9:00 AM - 6:00 PM
Friday2:00 PM - 6:00 PM
SaturdayBy Appointment
Emergency consultations available by appointment

Our Location

Business Bay, Dubai, UAE
Serving clients across all Emirates
Virtual consultations available

Book Your Consultation

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Free consultation
24h response
No commitment
AUDIT WORKING PAPERS
MATERIALITY CALCULATIONS
Total Assets:AED 831,500
Total Revenue:AED 626,450
Net Income:AED 135,350
Planning Materiality (5%):AED 31,323
Performance Materiality (75%):AED 23,492
RISK ASSESSMENT
AccountRiskResponse
Revenue RecognitionMediumSubstantive
Cash & EquivalentsLowAnalytical
Accounts ReceivableMediumMixed
Fixed AssetsLowAnalytical
Payroll ExpensesHighSubstantive
TESTING PROCEDURES
Revenue Testing:
✓ Sample 25 sales invoices
✓ Verify client contracts
✓ Test cut-off procedures
✓ Analytical review of margins
Cash Testing:
✓ Bank confirmation letters
✓ Bank reconciliation review
✓ Cash count procedures
✓ Subsequent receipts testing
Expense Testing:
✓ Sample 20 expense transactions
✓ Review supporting documentation
✓ Test accruals completeness
✓ Analytical procedures
FINDINGS & CONCLUSIONS
• No material misstatements identified
• Internal controls operating effectively
• Minor adjustment: AED 2,450 expense accrual
• Management letter points: 3 minor items
• Opinion: Unqualified

AgarWood

Accounting & Tax

Like the rare agarwood that develops its distinctive character over time, we've cultivated unparalleled expertise in accounting and tax services across the UAE.

info@agarwoodaccounting.ae
+971 50 123 4567
Business Bay, Dubai, UAE
Sun-Thu: 9AM-6PM

Our Services

Accounting Services
VAT Consultancy
Audit Support
Business Advisory
Tax Planning
Financial Reporting

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Crafted with excellence in the UAE