Accounting for Facilities Management Companies in UAE

Facilities Management (FM) companies are the unsung heroes of the UAE’s built environment, ensuring buildings operate smoothly, safely, and efficiently. From managing vast commercial complexes and residential towers to specialized industrial sites, the scope is enormous. However, behind the operational complexities lies an equally intricate financial landscape. Effective Accounting for Facilities Management Companies UAE is not just about recording transactions; it’s the bedrock of profitability, compliance, and sustainable growth in this demanding sector. Without a firm grip on financials, even the best-run FM operations can falter.

The unique nature of the FM industry in the UAE presents specific accounting challenges. Managing diverse service contracts, tracking costs across multiple sites, handling complex VAT regulations imposed by the Federal Tax Authority (FTA), and ensuring accurate project profitability require more than generic accounting practices. Specialized knowledge is essential to navigate fluctuating revenues, manage direct and indirect costs effectively, maintain healthy cash flow, and provide insightful financial reporting for strategic decision-making. Ignoring these nuances can lead to compliance issues, inaccurate bidding, reduced margins, and ultimately, business vulnerability.

This comprehensive guide is designed specifically for owners, managers, and finance professionals within facilities management companies operating in the UAE. We will delve deep into the critical aspects of facilities management accounting UAE, covering everything from fundamental bookkeeping and VAT compliance to advanced strategies like job costing, KPI tracking, software selection, and the benefits of outsourcing. Our goal is to equip you with the knowledge and best practices needed to build a robust financial foundation for your FM business.

Whether you’re a startup FM provider finding your footing or an established player seeking to optimize financial performance, understanding the intricacies detailed here is vital. We’ll explore common pitfalls, highlight opportunities for improvement, and provide actionable insights. By mastering accounting for facilities management companies UAE, you can move beyond simple record-keeping towards strategic financial management that drives efficiency, enhances profitability, and ensures long-term success in the competitive UAE market.

Key Takeaways:

• Specialization is Key: Generic accounting falls short; FM companies need tailored practices for contract management, job costing, and cost allocation specific to the UAE market.
• VAT Compliance is Non-Negotiable: Understanding FTA regulations, correct VAT treatment for diverse FM services, and optimizing input tax recovery are crucial.
• Accurate Costing Drives Profitability: Precisely tracking labor, materials, subcontractor costs, and overhead per contract/site is essential for accurate pricing and margin analysis.
• Technology is an Enabler: Modern accounting software with features relevant to FM (project tracking, mobile access, VAT compliance) streamlines processes and improves accuracy.
• Cash Flow is King: Managing receivables from multiple clients and optimizing payables related to diverse operational costs requires diligent cash flow management.
• Reporting Provides Insight: Regular, accurate financial reports and relevant KPIs (Key Performance Indicators) are vital for informed decision-making and performance monitoring.
• Outsourcing Offers Strategic Advantages: Partnering with specialized FM accountants in the UAE can provide expertise, cost savings, scalability, and improved compliance.

Why Specialized Accounting is Crucial for UAE Facilities Management Companies

The facilities management sector operates at the intersection of real estate, services, and complex logistics. Standard accounting practices often fail to capture the unique financial dynamics involved. Implementing specialized facilities management accounting UAE strategies is not a luxury but a necessity for survival and growth.

It addresses the core operational realities of the FM business model – managing multiple service lines (cleaning, security, MEP maintenance, landscaping, etc.), diverse contract types (fixed fee, cost-plus, hybrid), fluctuating resource allocation across various sites, and stringent regulatory requirements specific to the UAE.

Navigating the Complexities of the FM Industry

The inherent complexity of the FM industry demands a nuanced accounting approach. FM companies juggle numerous contracts simultaneously, each potentially having different terms, billing cycles, and cost structures. Allocating shared resources, tracking site-specific expenses, and managing subcontractor costs add layers of difficulty.

Furthermore, the dynamic nature of client needs and unexpected maintenance requirements necessitate flexible yet controlled financial management. Standard accounting might struggle to provide the granular detail needed for effective operational and financial oversight.

Steps for Addressing FM Complexity via Accounting:

1. Detailed Chart of Accounts: Create a Chart of Accounts specifically designed for FM, allowing for categorization by service line (MEP, Cleaning, Security, etc.), contract type, and potentially even by individual site or building.
2. Robust Contract Management Integration: Ensure accounting systems can track key contract details – start/end dates, billing terms, scope of work, and renewal dates – linking them directly to revenue recognition and cost allocation.
3. Site-Specific Cost Tracking: Implement mechanisms (e.g., using tracking categories or classes in software) to allocate direct costs (labor working on-site, materials consumed) and a fair share of indirect costs (supervision, vehicle use) to specific locations or contracts.
4. Subcontractor Management Module: Utilize systems to track subcontractor agreements, verify invoices against work performed, manage payments, and ensure compliance (e.g., VAT registration checks).

Ensuring Financial Health and Profitability

Ultimately, the goal of any business is sustainable profitability. For FM companies, thin margins and high operational costs make efficient financial management paramount. Specialized accounting provides the tools to monitor financial health closely and identify areas for improvement.

It enables accurate pricing strategies based on true costs, helps control operational expenditure, optimizes cash flow, and ensures tax compliance, all contributing to a stronger bottom line. Without this specialized focus, FM companies risk under-bidding contracts, experiencing cash flow shortages, or facing penalties for non-compliance.

Key Areas for Financial Health Monitoring:

• Gross Profit Margin per Contract/Service Line: Regularly analyze the profitability of different services and contracts to identify winners and losers. This requires accurate job costing for FM projects.
  • Calculation: (Contract Revenue – Direct Costs) / Contract Revenue
• Days Sales Outstanding (DSO): Monitor how quickly clients are paying invoices. A high DSO can indicate cash flow problems.
  • Calculation: (Average Accounts Receivable / Total Credit Sales) * Number of Days
• Operating Expense Ratio: Track overheads and administrative costs relative to revenue.
  • Calculation: (Operating Expenses / Total Revenue) * 100
• Cash Flow Forecasting: Proactively predict future cash inflows and outflows to anticipate potential shortfalls or surpluses. Utilize tools within accounting software for facility management companies UAE.

Top Accounting Challenges Faced by FM Businesses in the UAE

While the opportunities in the UAE’s FM sector are significant, several inherent accounting challenges need careful management. Overcoming these hurdles is critical for maintaining financial stability and achieving growth objectives. Robust accounting services for FM sector UAE directly address these pain points.

From managing complex revenue streams derived from diverse service level agreements (SLAs) to meticulously allocating costs across multiple sites and ensuring strict adherence to FTA regulations, the financial function in an FM company is constantly tested.

Managing Diverse Revenue Streams and Contracts

FM companies rarely rely on a single service or contract type. Revenue can come from long-term integrated FM contracts, short-term projects, specialized cleaning services, security deployments, reactive maintenance calls, and more. Each stream may have unique billing cycles, pricing structures (fixed, variable, per-incident), and revenue recognition criteria.

Managing this diversity requires sophisticated accounting systems and processes capable of accurately tracking, invoicing, and recognizing revenue according to agreed terms and accounting standards (like IFRS 15), especially crucial for UAE facilities management financial reporting.

Strategies for Managing Diverse Revenue:

1. Contract Abstraction: Summarize key financial terms from each contract into a structured format within your accounting or CRM system for easy reference and billing accuracy.
2. Automated Billing Systems: Implement software that can handle various billing frequencies (monthly, quarterly, milestone-based) and pricing models automatically, reducing manual errors.
3. Deferred Revenue Management: Properly account for payments received in advance for services yet to be rendered, recognizing revenue only as the service obligations are fulfilled over the contract term.
4. Revenue Recognition Policy: Establish a clear, documented policy compliant with IFRS 15, outlining how revenue is recognized for different types of FM services and contracts.

“Accurate revenue recognition isn’t just a compliance requirement; it provides a true picture of your company’s performance and prevents misleading financial statements.” – Financial Best Practice

Accurate Cost Allocation and Job Costing

Perhaps one of the most significant challenges is accurately allocating costs to specific contracts, projects, or sites. FM involves direct costs (on-site labor, materials, specialized equipment rentals) and significant indirect costs (supervisors, vehicles, central office support, insurance). Attributing these costs correctly is fundamental for determining true contract profitability.

Poor cost allocation leads to flawed pricing decisions, hidden losses on certain contracts, and an inability to identify areas for cost optimization. Effective maintenance cost tracking and job costing for FM projects are non-negotiable.

Implementing Effective Job Costing:

• Time Tracking Systems: Use digital timesheets (possibly mobile-based for field staff) to accurately capture labor hours spent on specific jobs or sites.
• Material Requisition Process: Implement a system to track materials purchased for or consumed by specific contracts.
• Overhead Allocation Method: Develop a logical and consistent basis for allocating indirect costs (e.g., based on direct labor hours, square footage managed, or revenue generated per contract). Regularly review and adjust the allocation rate.
• Project Accounting Modules: Utilize accounting software features specifically designed for project or job costing, allowing costs and revenues to be tagged to specific jobs for detailed profitability analysis.

Core Accounting Functions for Facilities Management

Beyond the strategic challenges, flawless execution of core accounting functions forms the foundation of reliable financial management. For FM company accountants UAE, getting the basics right – bookkeeping, payables, and receivables – is paramount. These functions ensure data accuracy, maintain liquidity, and support compliance efforts.

Think of these as the essential gears in the financial machinery. If bookkeeping is inaccurate, reporting will be flawed. If receivables are poorly managed, cash flow suffers. If payables are delayed, supplier relationships and creditworthiness can be damaged.

Robust Bookkeeping and Chart of Accounts Setup

Accurate bookkeeping is the starting point for all financial reporting and analysis. It involves the systematic recording of all financial transactions – sales invoices, supplier bills, payments, receipts, payroll, etc. For FM companies, the setup of the Chart of Accounts (CoA) is particularly critical.

A well-designed CoA, tailored to the FM industry, allows for transactions to be categorized meaningfully, facilitating detailed reporting by service line, department, or location. This forms the basis for effective bookkeeping for FM companies UAE.

Designing an FM-Specific Chart of Accounts:

1. Revenue Accounts: Create separate revenue accounts for major service lines (e.g., MEP Maintenance Revenue, Cleaning Services Revenue, Security Services Revenue, Project Revenue).
2. Cost of Goods Sold (COGS)/Direct Costs: Detail direct costs similarly (e.g., Direct Labor – MEP, Direct Labor – Cleaning, Materials – MEP Consumables, Subcontractor Costs – Security).
3. Operating Expenses: Categorize indirect costs clearly (e.g., Supervisor Salaries, Vehicle Running Costs, Rent, Utilities, Software Subscriptions, Insurance).
4. Tracking Categories/Classes: Utilize software features to add dimensions for tracking financials by specific Contract, Site, Department, or Project, without overly complicating the main CoA.

“A well-structured Chart of Accounts acts like a detailed map for your company’s finances, guiding you towards better analysis and decision-making.” – Accounting Principle

Effective Accounts Payable and Receivable Management

Managing cash flow effectively is vital in the often cash-intensive FM industry. This hinges on efficient Accounts Receivable (AR) and Accounts Payable (AP) processes.

AR involves invoicing clients accurately and promptly, following up on overdue payments, and managing collections. AP involves processing supplier invoices, scheduling payments to optimize cash flow while maintaining good supplier relationships, and ensuring proper approvals. Neglecting cash flow management can quickly lead to operational disruptions.

Improving AR and AP Processes:

• AR Best Practices:
  • Clear Invoicing: Ensure invoices are detailed, accurate, and reference contract/PO numbers. Send them promptly.
  • Defined Credit Policy: Establish clear payment terms and consistently apply them.
  • Proactive Follow-up: Implement a systematic process for following up on overdue invoices (reminders, calls).
  • Offer Payment Options: Provide convenient payment methods (bank transfer, online payments).
• AP Best Practices:
  • Centralized Invoice Processing: Streamline how supplier invoices are received, approved, and entered into the system.
  • Payment Scheduling: Plan payments to take advantage of supplier discounts where available, while managing outgoing cash flow effectively.
  • Vendor Reconciliation: Regularly reconcile supplier statements with your AP ledger to catch discrepancies.
  • Digital Approvals: Use workflows for invoice approval to enhance speed and control. Learn how to manage accounts payable for an FM company in the UAE efficiently.

Mastering VAT Compliance for FM Services in the UAE

Since the introduction of Value Added Tax (VAT) in the UAE in 2018, compliance has become a critical aspect of financial management for all businesses, including those in the facilities management sector. The Federal Tax Authority (FTA) sets clear regulations, and non-compliance can lead to significant penalties. Understanding VAT accounting for facilities management UAE is essential.

FM services often involve complex supply chains, various types of charges (service fees, material recharges, labor), and cross-emirate operations, all of which have specific VAT implications that FM company accountants UAE must navigate.

Understanding FTA Regulations and FM Applicability

The standard rate of VAT in the UAE is 5%, applicable to most goods and services, including the majority of facilities management services. Key considerations for FM companies include:

• Taxable Supplies: Most FM services (cleaning, maintenance, security, etc.) are subject to the standard 5% VAT rate.
• Place of Supply: Determining where the service is consumed is crucial, especially if operating across different emirates or dealing with designated zones. Generally, services related to real estate are taxed where the property is located.
• Zero-Rated vs. Exempt Supplies: While most FM services are standard-rated, understanding if any specific activities fall under zero-rated or exempt categories (though less common for core FM) is important.
• Disbursements vs. Recharges: Correctly distinguishing between recharging costs incurred as an agent (potentially outside VAT scope if conditions met) versus costs incurred as a principal (VAT applicable on the recharge) is critical.

Ensuring FTA Compliance:

1. VAT Registration: Ensure your company is registered for VAT if its taxable supplies exceed the mandatory registration threshold (AED 375,000).
2. Tax Invoices: Issue valid tax invoices compliant with FTA requirements, clearly showing the VAT amount charged.
3. Record Keeping: Maintain accurate financial records for at least five years, supporting all VAT calculations and returns.
4. Understanding Specific Services: Be aware of any specific clarifications or guides issued by the FTA relevant to real estate or contracted services. (External Link: Visit the FTA Website for official guides)

Input Tax Recovery and VAT Return Filing Best Practices

A key aspect of VAT management is recovering the VAT paid on business expenses (input tax). FM companies incur significant costs on materials, subcontractor services, equipment, and overheads, much of which includes VAT. Efficiently tracking and recovering this input tax reduces the net VAT payable to the FTA.

Accurate and timely filing of VAT returns (typically quarterly for most businesses) is mandatory. This involves correctly calculating output tax (on sales) and input tax (on purchases) and submitting the return via the FTA portal. Robust VAT return filing services for facilities management businesses UAE can prevent errors and penalties.

Optimizing VAT Processes:

• Segregate VAT: Ensure your accounting system clearly tracks VAT on both sales and purchases. Use dedicated VAT control accounts.
• Verify Supplier Invoices: Check that supplier invoices are valid tax invoices to ensure input tax recovery is permissible.
• Partial Exemption Calculation: If the company makes any exempt supplies (rare for pure FM but possible), correctly calculate the recoverable portion of input tax related to overheads.
• Timely Filing: Submit VAT returns and pay any due tax by the deadline (usually the 28th day following the end of the tax period) to avoid late filing and payment penalties.
• Regular VAT Reconciliation: Reconcile the VAT amounts reported in returns with the VAT control accounts in your accounting ledger.

Leveraging Technology: Accounting Software for FM Companies

In today’s digital age, relying on manual bookkeeping or basic spreadsheets is inefficient and prone to errors, especially for complex businesses like facilities management. Modern accounting software provides the tools needed to streamline processes, improve accuracy, ensure compliance, and deliver valuable insights. Choosing the right accounting software for facility management companies UAE is a strategic decision.

These platforms go beyond simple data entry, offering features like automated invoicing, bank feeds, VAT calculation, project tracking, and sophisticated reporting – all tailored to the needs of businesses operating in the UAE.

Key Features to Look for in FM Accounting Software

Not all accounting software is created equal, especially when considering the specific needs of the FM sector. Look for solutions that offer features designed to handle the industry’s complexities:

1. Job/Project Costing: Ability to tag income and expenses to specific contracts or sites for detailed profitability analysis.
2. UAE VAT Compliance: Built-in features to calculate VAT correctly, generate FTA-compliant tax invoices, and assist with VAT return preparation (e.g., FTA Audit File generation).
3. Expense Management: Tools to easily capture and categorize operational costs, including tracking reimbursable expenses and managing approvals. Mobile apps for snapping receipts are beneficial for field staff.
4. Recurring Invoicing: Automation for billing fixed-fee contracts on schedule.
5. Inventory Management (Basic): Useful if you stock frequently used maintenance parts or cleaning supplies.
6. Reporting Flexibility: Ability to generate standard financial reports (P&L, Balance Sheet, Cash Flow) plus customizable reports filtered by job, site, or service line.
7. Integration Capabilities: Ability to connect with other business systems (e.g., CRM, dedicated FM software, payroll systems).
8. Cloud-Based Access: Allows access from anywhere, crucial for managers overseeing multiple sites.

Comparing Top Accounting Software Options in the UAE (Table 1)

Several excellent accounting software solutions are popular in the UAE market. Here’s a comparison of key aspects relevant to FM companies:

Note: This is a general comparison as of early 2025. Features and pricing are subject to change. Always conduct a thorough evaluation based on your specific compliance requirements for FM company accounting in UAE and operational needs. (External Link: Consider reviews from sites like G2 or Capterra).

Budgeting, Forecasting, and Financial Reporting

Beyond day-to-day transactions, accounting provides the data for crucial forward-looking activities like budgeting and forecasting, as well as backward-looking analysis through financial reporting. For FM leaders, these elements are essential for strategic planning, performance measurement, and securing financing if needed. Effective financial management for facilities management UAE relies heavily on these processes.

A well-structured budget acts as a financial roadmap, while forecasting helps anticipate future performance and cash needs. Comprehensive financial reports provide insights into past performance, profitability drivers, and the overall financial health of the business.

Developing Accurate Budgets and Forecasts

Budgeting involves setting financial targets for a future period (usually a year), covering expected revenues, direct costs, and operating expenses. Forecasting is a more dynamic process, regularly updating predictions based on actual performance and changing market conditions.

In FM, budgeting requires estimating revenue based on existing contracts and anticipated new business, and carefully planning for costs associated with labor, materials, subcontractors, and overheads. This is key for budgeting and forecasting FM UAE.

Steps for Effective FM Budgeting:

1. Review Past Performance: Analyze historical financial data to identify trends in revenue and costs.
2. Forecast Revenue: Project income from existing contracts, considering renewals and potential price adjustments. Estimate new business based on sales pipeline and market conditions.
3. Estimate Direct Costs: Budget for labor (based on staffing levels and wage rates), materials (based on usage patterns), and subcontractor costs associated with projected revenue. Utilize data from tracking operational costs in facilities management accounting.
4. Plan Operating Expenses: Budget for overheads like rent, utilities, salaries (admin/management), software, insurance, marketing, etc.
5. Develop Cash Flow Budget: Project cash inflows and outflows monthly or quarterly to anticipate funding needs.
6. Regular Variance Analysis: Compare actual results against the budget regularly (e.g., monthly) to understand deviations and take corrective action.

Essential Financial Reports and KPIs for FM Leaders (Table 2)

Standard financial statements are essential, but FM leaders also need specific Key Performance Indicators (KPIs) to truly understand operational efficiency and profitability. Reliable UAE facilities management financial reporting includes both.

Note: The specific facilities management KPIs tracked should align with the company’s strategic goals.

The Strategic Advantage of Outsourced Accounting for FM Companies

Managing the complexities of accounting for facilities management companies UAE in-house can be challenging and resource-intensive. It requires specialized knowledge of the FM sector, UAE VAT laws, and accounting best practices. For many FM businesses, particularly SMEs, outsourcing accounting functions to a specialized firm offers significant strategic advantages.

Outsourced accounting facilities management Dubai/Abu Dhabi/UAE providers bring expertise, efficiency, and cost-effectiveness, allowing FM leaders to focus on core operations and business growth.

Benefits of Outsourcing vs. In-House Accounting (Table 3)

The decision to outsource is strategic. Consider the trade-offs:

Choosing the Right Outsourced Accounting Partner in the UAE

Selecting the right partner is crucial for a successful outsourcing relationship. Look beyond just cost – focus on expertise, reliability, and fit.

Steps for Selecting an Outsourced Provider:

1. Verify FM Industry Experience: Ask for specific experience working with other facilities management companies in the UAE. Do they understand job costing, contract complexities, and common FM challenges?
2. Confirm VAT Expertise: Ensure they have strong, up-to-date knowledge of UAE VAT laws as applied to the service sector, particularly FM. Check if they offer dedicated VAT accounting for facilities management UAE.
3. Assess Technology Usage: Do they use modern, cloud-based accounting software (like Xero, Zoho Books, QuickBooks)? How do they handle data sharing and communication?
4. Check Credentials and References: Look for qualified accountants (e.g., ACCA, CPA) and ask for client testimonials or references, preferably from within the FM or related sectors. (Consider linking to relevant professional bodies like ACCA Global)
5. Define Scope Clearly: Agree on a detailed scope of work – bookkeeping, VAT filing, payroll, management reporting, advisory services? Ensure service level agreements (SLAs) are clear. Consider providers offering monthly bookkeeping packages for facilities management UAE.
6. Evaluate Communication & Reporting: How will they communicate? What types of reports will they provide, and how often? Ensure their reporting meets your needs for financial statement preparation for UAE FM companies.

Best Practices for Facilities Management Accounting in the UAE

Whether managed in-house or outsourced, adhering to best practices ensures the integrity, accuracy, and usefulness of your financial information. These practices support compliance, improve decision-making, and enhance overall financial control within your FM operations. Implementing these is fundamental to mastering accounting for facilities management companies UAE.

These practices range from establishing strong internal safeguards to conducting regular performance reviews, creating a culture of financial discipline and continuous improvement.

Implementing Strong Internal Controls

Internal controls are policies and procedures designed to safeguard assets, ensure the accuracy of financial records, prevent fraud, and promote operational efficiency. In FM, where cash handling, site-based expenses, and numerous transactions occur, strong controls are vital.

This involves segregation of duties, proper authorization processes, and regular reconciliation procedures to minimize risks associated with errors or deliberate manipulation.

Key Internal Control Measures:

• Segregation of Duties: Ensure that different individuals are responsible for related tasks (e.g., the person approving payments is different from the person making payments; the person recording cash receipts is different from the person making bank deposits).
• Authorization Procedures: Implement clear approval limits and processes for expenses, purchase orders, contract sign-offs, and payroll changes.
• Bank Reconciliations: Reconcile all bank accounts monthly by an independent person to ensure all transactions are accounted for and identify discrepancies promptly.
• Petty Cash Management: Establish strict controls over petty cash, including secure storage, fixed float amounts, requirement for receipts for all disbursements, and regular surprise counts.
• Asset Tracking: Maintain a fixed asset register for valuable equipment used in operations, tracking location, value, and depreciation. This aids asset management accounting.

Regular Financial Reviews and Performance Analysis

Financial data is most valuable when used proactively. Regularly reviewing financial statements and key performance indicators allows management to understand performance trends, identify potential issues early, and make informed strategic decisions.

This goes beyond just looking at the P&L; it involves digging into the details of contract profitability, cost variances, cash flow trends, and comparing performance against budgets and industry benchmarks.

Conducting Effective Financial Reviews:

1. Monthly Management Meetings: Dedicate time each month for key management personnel (Operations, Finance, Sales) to review financial performance reports.
2. Variance Analysis: Compare actual results against budgeted figures and investigate significant variances (both positive and negative) to understand the underlying causes. Ask “why?”
3. KPI Dashboard: Maintain and review a dashboard of critical facilities management KPIs (refer back to Table 2) to get a quick snapshot of operational and financial health.
4. Contract Profitability Deep Dive: Regularly analyze the profitability of key contracts. Are margins meeting expectations? Are costs under control? Use insights from job costing for FM projects.
5. Cash Flow Projections Update: Review and update cash flow forecasts based on the latest AR collections, AP payments, and anticipated operational needs.

What Excellence Accounting Services (EAS) Offers FM Companies

At Excellence Accounting Services (EAS), we understand the unique financial landscape of the UAE’s facilities management sector. We provide specialized accounting and bookkeeping services tailored to the specific needs of FM companies operating in Dubai, Abu Dhabi, and across the Emirates.

Our team comprises experienced FM company accountants UAE with in-depth knowledge of industry best practices, UAE VAT regulations, and the challenges you face daily. We offer a comprehensive suite of services designed to streamline your finances, ensure compliance, and drive profitability:

• Specialized FM Bookkeeping: Setting up FM-specific Charts of Accounts, accurate transaction recording, and maintaining clean financial records using leading cloud software.
• VAT Consultation & Compliance: Expert guidance on VAT implications for FM services, input tax recovery optimization, timely VAT return filing services for facilities management businesses UAE, and FTA representation if needed.
• Job Costing & Profitability Analysis: Implementing systems to track costs and revenue per contract/site, providing detailed reports on contract profitability to support pricing and operational decisions.
• Payroll Management: Accurate and timely processing of payroll compliant with UAE Labour Law and WPS requirements.
• Accounts Payable & Receivable Management: Efficient management of supplier payments and client invoicing/collections to optimize cash flow management.
• Financial Reporting & Analysis: Preparation of monthly/quarterly management accounts, financial statement preparation for UAE FM companies, KPI dashboards, and budget variance analysis.
• Budgeting & Forecasting Support: Assisting in the development of realistic budgets and financial forecasts.
• Outsourced CFO Services: Providing strategic financial guidance, performance analysis, and support for major financial decisions without the cost of a full-time CFO.
• Software Implementation & Support: Assisting in selecting and implementing the best accounting software for facility management companies UAE (like Zoho Books, Xero, QuickBooks).

Partnering with EAS means gaining a dedicated financial partner committed to your success. We leverage technology and expertise to provide efficient, reliable, and insightful outsourced accounting facilities management Dubai services.

Frequently Asked Questions (FAQ) about FM Accounting in UAE