Books closed, numbers you can read
Month-end close and reporting
Finbryn runs the monthly close for UAE mainland and free zone companies: every account reconciled, accruals booked under IFRS, and the trial balance reviewed line by line before it becomes a management report, a KPI dashboard or a board pack. The same closed file feeds your Corporate Tax and VAT work.
Management report
Illustrative client · August 2026
AED
| Line | Aug | Jul | |
|---|---|---|---|
| Revenue | 142,380 | 131,904 | +10,476 |
| Cost of sales | (51,260) | (48,115) | (3,145) |
| Gross profit | 91,120 | 83,789 | +7,331 |
| Payroll | (46,300) | (45,900) | (400) |
| SoftwareNoted | (6,480) | (5,490) | (990) |
| Rent | (8,000) | (8,000) | 0 |
| Other operating | (9,215) | (9,870) | +655 |
| Net income | 21,125 | 14,529 | +6,596 |
Reviewer's note
Software is up on last month after two seats were added mid-month. Revenue includes one milestone invoice that will not repeat next month.
Illustrative. An example of the document, not a client's figures.
What month-end close and reporting covers
A UAE company juggles a free zone licence renewal, an FTA Corporate Tax return and, for many founders, a board or a parent company waiting on numbers, often on different clocks. A monthly close is the routine underneath all three: bank, card and loan accounts reconciled to statement balances, accruals and prepayments booked for the period, fixed asset schedules updated, and the trial balance reviewed line by line before the month is marked final.
From that closed set of books we build whatever the business actually needs: management reports with a plain-English narrative, a KPI dashboard tracking the handful of numbers that matter, a board pack timed to your meeting schedule, or a consolidation across a mainland entity and a free zone entity under one group.
Built for IFRS, across mainland and free zone
UAE companies, mainland and free zone alike, generally report under IFRS, with IFRS for SMEs available to smaller entities. A Qualifying Free Zone Person keeping its 0% rate on qualifying income needs that income tracked separately from mainland-sourced revenue inside the chart of accounts, not reconstructed at year end from bank statements.
Feeding your Corporate Tax and VAT work
Corporate Tax is due, return filed and payment made, within 9 months of your tax period end, and a business must register for VAT once taxable supplies pass AED 375,000 over the preceding 12 months. A close that runs behind leaves too little runway to review either figure calmly. The closed trial balance goes straight to your tax agent or in-house team once the numbers are settled, rather than needing another round of cleanup first.
For groups that stretch beyond the UAE
Many clients hold a Dubai or Abu Dhabi entity alongside a US or UK parent, or operations elsewhere in the Gulf. We consolidate across mainland and free zone entities, and keep a UAE subsidiary's monthly close aligned with what a US GAAP or IFRS parent expects to see.
What this doesn't cover
Filing your Corporate Tax return or representing your company before the Federal Tax Authority sits with a tax agent listed on the FTA's Tax Agent Programme, not with us, and a formal sign-off on a statutory audit stays with a UAE-licensed audit firm you appoint separately. See audit and compliance support for how we prepare the file that work relies on.
All services
Month-end close and reporting: every service
- Month-end closeA repeatable monthly close that ties every account back to source records and hands you a finished set of financials on a predictable date each month.
- Management reportsMonthly profit and loss, balance sheet and cash flow packaged with a plain-English narrative so the numbers explain themselves before anyone has to ask a question.
- KPI dashboardsA small set of metrics that actually run the business, tracked month over month in one place instead of scattered across spreadsheets.
- Board packsA board-ready package built from the same numbers as your monthly close, delivered on a schedule that leaves you time to read it before the meeting.
- Budget vs. actualActual results lined up against the budget every month, with the gap explained in plain language rather than left for you to work out on your own.
- Variance analysisA closer look at why a number moved: price, volume, timing or a one-off, so a variance on a report turns into an answer instead of a question.
- ConsolidationsMultiple entities, locations or subsidiaries combined into one consolidated set of financials, with intercompany balances eliminated while each entity still reports on its own.
- US GAAP conversionBooks moved from cash basis or another framework onto US GAAP accrual accounting, with every adjustment documented so a lender, investor or auditor can follow the trail.
- Revenue recognition (ASC 606 / IFRS 15)Revenue recorded when it is actually earned rather than when cash lands, following the five-step model shared by ASC 606 and IFRS 15, so recurring and multi-part contracts are accounted for correctly.
- Lease accounting (ASC 842 / IFRS 16)Operating and finance leases brought onto the balance sheet as a right-of-use asset and a lease liability, in line with ASC 842 and IFRS 16, with monthly amortization tracked going forward.
- Deferred revenueCash collected before it is earned tracked separately from revenue and released to the profit and loss on the schedule that matches when the work is actually delivered.
- Prepaid schedulesInsurance, software subscriptions and other costs paid up front spread across the months they actually cover, instead of hitting one month's profit and loss all at once.
- AccrualsExpenses and revenue recorded in the period they actually happen, even when the invoice or cash has not moved yet, so the month's numbers reflect that month's activity.
- Cash flow statementsA statement of cash flows built from your actual accrual books, showing where cash came from and went across operating, investing and financing activity.
Questions
Frequently asked questions: Month-end close and reporting
Do you file our Corporate Tax return or represent us before the FTA?
No. We close the books and hand over a reconciled trial balance. Filing, and any representation before the Federal Tax Authority, sits with a tax agent listed on the FTA's Tax Agent Programme or your appointed adviser.
Which accounting standard do you close our books to?
IFRS, or IFRS for SMEs where the company qualifies as a smaller entity, in line with the reporting basis UAE mainland and free zone companies generally use.
Do we have to switch accounting software?
No. We work inside Zoho Books, QuickBooks Online, Xero, Odoo or the ERP you already use, and you keep ownership of that file throughout.
Can the close cover both a mainland entity and a free zone entity?
Yes. We consolidate across a mainland company and a free zone company, or several free zone entities, while keeping each entity's own results visible alongside the combined view.
Does the close help with our Qualifying Free Zone Person status?
Yes. We track qualifying income separately from mainland-sourced revenue inside the chart of accounts as transactions post, so the split a Qualifying Free Zone Person needs to protect its 0% rate is never reconstructed after the fact.
Do you also work with businesses in Qatar, Kuwait, Bahrain or Oman?
This edition is built around UAE rules. A related entity elsewhere in the Gulf follows its own VAT and tax regime, and we flag where that entity needs its own local review rather than assuming UAE treatment applies.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.