HayyaTax's account reconciliation services make sure your actual account balances match your bank statements and supplier or customer records — preventing fraud and legal issues.
Bank, vendor, customer, and inter-company — covered.
Reconciliation verifies an organization's financial records to identify and resolve discrepancies. We offer bank statement reconciliation, vendor and customer reconciliation, inter-company reconciliation, and prepaid expense reconciliation — ensuring your two sets of records agree.
% At A Glance
Bank statement reconciliation against your general ledger
Vendor, customer, and inter-company reconciliation
Prepaid expense reconciliation and journal entry preparation
Who Needs This
SMEs and MNCs alike face the same reconciliation risk.
Whether you're an SME or a multinational, the possibility of legal issues, data confidentiality concerns, and fraud risk is real. Companies with a high volume of transactions especially benefit from outsourced reconciliation.
Timing
Timely reconciliation, every period.
Timely reconciliation of bank accounts is vital to ensure proper control and a sufficient balance of funds. Reconciliation should happen regularly, not just at year-end closing.
What You'll Need
Documents for a reconciliation engagement.
Bank statements
Ledger statements from suppliers and customers
Invoices, debit notes, and credit notes
Contracts and agreements with suppliers or customers
Inter-company account reports, where applicable
Why This Matters
What unreconciled accounts cost you.
Unreconciled accounts raise the risk of fraud and legal issues going unnoticed
Discrepancies between books and bank statements complicate VAT and Corporate Tax filings
Poor reconciliation slows down audits and reduces confidence in your own numbers
Why This Matters
How reconciled books feed into your Corporate Tax rate.
Reconciliation doesn't have its own rate — but the accuracy it confirms directly determines your taxable income under the bands below.
Taxable income up to AED 375,0000%
Taxable income above AED 375,0009%
Why Choose HayyaTax
Seamless reconciliation, accurate financial clarity.
Real benefits of proper reconciliation and account closing.
FTA-Approved Tax Agent
Backed by a firm authorized to represent you directly with the Federal Tax Authority.
Documented, Defensible Records
Every deliverable is a clear record you can keep on file and rely on.
Accounting & Tax Under One Roof
Handled by the same team managing your wider VAT and Corporate Tax compliance.
Practical Turnaround
A focused engagement that fits your reporting and filing deadlines.
How It Works
The bank statement reconciliation process.
1
Step 01
Equate the Deposits
We match deposits recorded in your books against your bank statement.
2
Step 02
Adjust the Bank Statement
We account for items on the statement not yet in your books.
3
Step 03
Adjust the Cash Account
We update your cash account for any items identified during reconciliation.
4
Step 04
Equate the Balances
We confirm both balances match and prepare journal entries for any adjustments.
What's At Risk
What's at risk, and how we help.
ViolationPenaltyHow HayyaTax helps
Bank or vendor accounts left unreconciledDiscrepancies, missed payments, or fraud risk go undetectedWe reconcile bank, vendor, and customer accounts on a regular schedule
Inter-company transactions recorded inconsistentlyMismatched books between related entitiesWe analyze and reconcile inter-company balances directly
Why work with HayyaTax
Excellence. Expertise. Experience.
📅
10+
Years of Experience
Hands-on UAE tax and accounting work across the team.
📋
FTA
Approved Tax Agent
Authorized to represent clients directly with the Federal Tax Authority.
👨💼
Expert
Professional Team
Qualified tax and accounting professionals supporting every engagement.
📚
Accurate
Bookkeeping
Clean, up-to-date books your business can rely on.
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FTA Credentials
An FTA-registered & approved tax agency in the UAE.
HayyaTax is an FTA-approved Tax Agent — the same team reconciling your accounts also manages your wider VAT and Corporate Tax compliance.
✅ FTA-Approved Tax Agent
✅ Direct FTA Representation
✅ Accounting & Tax Under One Roof
FTA-Approved Tax Agent
Authorized to represent clients directly with the Federal Tax Authority.
TAN30016448
Common questions
FAQs on reconciliation services in UAE.
What are reconciliation services? ⌄
Comparing and verifying financial records from different sources — bank statements, accounting records, and other financial data — to detect discrepancies and ensure all transactions are properly recorded.
Why are reconciliation services important? ⌄
They ensure financial records are accurate, help maintain proper financial control, support tax compliance, and help identify fraud or discrepancies before they become bigger problems.
What types of reconciliation do you offer? ⌄
Bank reconciliation, vendor reconciliation, customer reconciliation, inter-company reconciliation, and prepaid expense reconciliation.
How does reconciliation help with VAT compliance? ⌄
By reconciling bank statements and accounting records, businesses can accurately calculate VAT liabilities, ensure the correct amount is collected and paid, and avoid mistakes leading to non-compliance.
What does reconciliation cost? ⌄
Typically between AED 2,000 to AED 7,000 per month, depending on the complexity of the process, business size, transaction volume, and the number of accounts being reconciled.
Testimonials
What clients say about HayyaTax.
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Our reconciliation experts conduct a detailed analysis of your financial transactions and accounting records to uncover discrepancies and give you a clearer financial picture.
Office 5th Floor, Office No. 504-29, Dubai National Insurance Building, Port Saeed, Dubai, UAE
