Frequently asked questions

My Accounting Wiz provides outsourced accounting and finance support for UAE SMEs, including bookkeeping, accounting, VAT, Corporate Tax, Financial Controller support and selected specialist advisory services. We can support the day-to-day finance function as well as specific compliance, reporting and advisory requirements as your business grows.

Yes. We support businesses across the UAE through a digital, cloud-based way of working. Our processes are designed so that accounting records, supporting documents, reviews and communication can be managed efficiently without requiring your business to be in a particular location.

We work primarily with QuickBooks Online and Xero. We are QuickBooks Online Advanced Certified ProAdvisors and Certified Xero Advisors, and we can work within whichever of the two your business already uses. Where records are kept in another system or in spreadsheets, we can review what you have and advise on a practical way forward. Software supports good record keeping, but it does not by itself make records complete or compliant. The quality of the underlying bookkeeping still matters.

Yes. We can manage the transition from your existing accountant, bookkeeper or internal finance employee. The handover normally includes reviewing the accounting file, opening balances, bank reconciliations, VAT balances, customer and supplier ledgers, outstanding transactions and supporting documentation. We then agree on a clear monthly process and responsibilities.

Yes. Catching up records that are incomplete, out of date or disorganised is routine work for us, and it is usually the first step before VAT or Corporate Tax filings can be relied on. We review what exists, rebuild the missing periods and reconcile the accounts before moving to a regular monthly process. The full explanation of how catch-up work is handled sits on our Bookkeeping Services page.

The information required depends on the nature of your business and the services you need, but it commonly includes:Trade licence and company informationBank and credit-card statementsSales invoices and revenue reportsSupplier bills and expense receiptsPayroll informationLoan, lease and finance agreementsVAT registration details and previous returnsAccess to QuickBooks Online or XeroPrevious financial statements or trial balancesWe provide a structured onboarding checklist after reviewing your requirements.

Fees depend on the volume and complexity of the work and on the services required. We consider factors such as the number of monthly transactions, bank accounts, currencies, employees, customer invoices, suppliers, inventory systems and payment platforms. We review the existing records before agreeing on the monthly scope, estimated hours and retainer, so you know what is included before anything starts.