How to Keep Your Books Ready for Audit
- 14.11.2025
- Posted by: Uwe Hohmann
- Categories: Company Setup, Dubai, Middle East
Being audit-ready in the UAE is important. With tighter compliance rules, companies need clean and structured financial records all year round.
With the right system and consistent monthly checks, you can avoid penalties, expedite audits, and establish a robust financial foundation for your business.
1. Monthly Reconciliations
Reconcile your accounts monthly to maintain an accurate financial picture. This includes:
- Bank account reconciliation
- Payables and receivables review
- Petty cash and online payment platforms
- VAT input and output reconciliation
2. Proper Invoice Storage
Invoices must be stored in an organised and searchable system. This should include:
- Sales invoices
- Supplier invoices and purchase orders
- Credit notes
- Delivery notes and supporting documents
3. Payroll Documentation
Payroll is an important area to check. Make sure you keep:
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WPS files
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Salary slips
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Employee contracts
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Leave records and end of service calculations
4. Bank Proof and Financial Support Documents
Keep the following ready and organised:
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Bank statements
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Contracts and agreements
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Invoices that match incoming payments
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Evidence for large or unusual transactions
5. Clear Expense Policy
A written expense policy keeps your spending clean and audit-friendly. It should define:
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What expenses are allowed
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Required approvals
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Documentation needed
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Limits and categories
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