Maintaining the books of accounts and relevant supporting records of transactions are essential requirements for efficient management and control of the business operations. This will help us in computing the gross receipts and payments and other transactions for filing the VAT and other compliance procedures. Hence accounts maintenance in UAE is compulsory. It is mandatory for the businesses to maintain books of accounts for a minimum of 5 years in accordance with the Federal Law No 2 of 2015 on Commercial Companies, UAE VAT law and relevant free port laws. Additionally, the authority invites documents like annual accounts, ledger, purchase day book, invoices issued, invoices received, credit notes, debit notes, VAT Ledger etc. Businesses in UAE have to have qualified accountants to take care of their books of accountants in compliance with local laws & regulations and as per International Financial Reporting Standards (IFRS). Another good option for the businesses is to outsource accounting & bookkeeping services to accounting companies within the UAE. Hiring services of accounting & bookkeeping firms can enable the business management to focus more on the operations and completion of the business goals. Keeping proper books of accounts as per the UAE regulations would ensure accuracy in receipt and payment of money and other transactions done by the corporate. It might also help companies in addressing income requirements, preventing insolvency & bankruptcy, plan & forecast budgets that help in effective financial management & stability of the business.