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
Record-Keeping At A Glance
Reconciled accounts still fall under the FTA's 7-year retention rule.
Once reconciled, the underlying transaction and asset records still need to be kept for at least seven years from the end of the tax period.
Minimum record retention period7 years from tax period end
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.
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
Documented, Defensible Records
Accounting & Tax Under One Roof
Practical Turnaround
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.
"
★★★★★
Big thanks to Ms. Megha and the HayyaTax team for their excellent support with our VAT filing. They were professional, efficient, and very helpful throughout the process. Highly recommended!
VK
Vuk Krkeljic
Founder, Dominant Academy · Abu Dhabi
"
★★★★★
Excellent and accurate services. Ms. Megha Dutta has been instrumental in getting our audit and corporate tax filing done on time.
OH
Ovais Hashmi
Manager, Infinity Turnkey Interior Solutions
"
★★★★★
Thank you to the HayyaTax team for successfully completing our VAT registration. Despite the complexity of our case, they handled the entire process with exceptional professionalism.
RH
Rehan Hyder
Manager, Student Biryani Karama
"
★★★★★
Working with HayyaTax was really good. Megha was very helpful and made the work really smooth.
TD
Trisha Das
Executive, WEBIZ Business Center
"
★★★★★
HayyaTax has been instrumental in helping us navigate the complexities of corporate tax compliance. Their team’s deep understanding of the UAE tax framework and strategic advice has allowed us to optimize our tax position while ensuring full compliance. Highly recommend their services!
SA
Sarah Al-Mansoori
CFO, TechnoWorld Innovations
"
★★★★★
Working with HayyaTax has been a game-changer for our business. Their proactive approach to tax planning and their ability to simplify complex regulations have given us confidence in our tax strategy. They’re not just consultants; they are true partners in our growth.
SR
Sana Raza
Head of Finance, GreenTech Solutions
"
★★★★★
HayyaTax provides outstanding corporate tax services that have significantly improved our financial efficiency. Their team ensures that we stay compliant while helping us identify tax-saving opportunities. Their professionalism and attention to detail are unmatched!
OK
Omar Khaled
Managing Director, Horizon Manufacturing Ltd.
"
★★★★★
We’ve relied on HayyaTax for all our corporate tax needs, from tax audits to strategic planning. Their expertise in UAE and international tax laws has been invaluable in ensuring that we are always one step ahead. The team at HayyaTax truly cares about our business’s success.
FA
Fahad Al-Dosari
CEO, Apex Holdings Group
"
★★★★★
HayyaTax helped us optimize our tax strategy in line with the latest regulations, making complex tax issues seem easy to understand. Their comprehensive approach and constant support have been crucial to our success. We consider them a key part of our financial team.
LJ
Layla Juma
Tax Director, NovaTech Industries
Our Clients
Trusted by companies of all sizes.
From growing startups to established enterprises across the UAE.
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
