GUIDE
What should you review?
Start with the balances that feed everything else: bank accounts, receivables, payables, VAT control accounts and opening balances. Then work through classifications and unusual entries.
- Bank and credit-card reconciliations
- Outstanding receivables and payables
- Suspense or control accounts
- Duplicate or missing transactions
- Incorrect expense or revenue classifications
- VAT coding and tax control accounts
- Fixed assets and depreciation records
- Opening balances carried from prior periods
Then decide what needs to be fixed first.
Prioritise issues that affect cash, tax, financial statements and management decisions. A clean-up project should produce a documented set of corrected balances and a clear ongoing bookkeeping process.
Inbooks editorial note
Written for UAE business owners and finance teams. Regulatory details can change, so confirm the current FTA or relevant authority guidance for your facts and filing period before acting.