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Updating Backlog Accounts in Dubai, UAE
Many businesses in the UAE struggle with backlog accounts—unprocessed or incomplete financial records from previous years. Under UAE law, every company must maintain proper accounts for at least five years, making backlog clearance essential for compliance.
At TAXORYX, we provide backlog accounting services in Dubai and across the UAE, helping you update, review, and finalize accounts from the date of incorporation.
Why Do Backlogs Happen?
- Lack of awareness or negligence by owners
- Busy schedules or prioritizing operations over accounts
- Staff resignation or inefficiency
- Incorrect VAT entries leading to penalties
- Delayed or missing record-keeping
Benefits of Updating Backlog Accounts
- Compliance with UAE Commercial Companies Law & FTA requirements
- Better cash flow management
- Transparent financial records
- Simplified audits and inspections
- Data accuracy for real-time decisions
- Trend analysis and financial planning
Our Backlog Accounting Services Include:
- Clearing and closing backlog accounts yearly
- Preparing all mandatory financial reports, including:
- Debtors & creditors aging reports
- Bank reconciliation statements
- General ledger & fixed asset registers
- Balance sheet, P&L, and cash flow statements
- Sales & expense trend analysis
- Working capital and break-even analysis
- Compilation of financial reports for audits
- Corporate tax computation and schedules
- Annual return submissions to authorities
Why TAXORYX for Backlog Accounts?
- Experienced accountants trained in IFRS & ISA standards
- Use of latest accounting software and secure systems
- Accurate, error-free, and legally compliant reports
- Affordable and flexible service packages
- One-stop solution for all accounting, audit, and tax needs
FAQs?
What are backlog accounts?
It’s the process of comparing financiaUnprocessed or unfinished financial records from previous years.l records (e.g., ledgers vs. bank statements) to ensure accuracy and prevent errors or fraud.
Why is it important to update backlog accounts?
It’s a legal requirement in the UAE and ensures compliance, audit readiness, and financial transparency.
What is the minimum requirement to maintain accounts?
At least five years under UAE Commercial Law and VAT regulations.
Does backlog accounting add value?
It’s mandatory for external audits and ensures accurate cash records, fraud detection, and regulatory compliance.
Yes. It improves decision-making, cash flow management, and investor trust while preventing penalties.
