Accounting for restaurants and bars in UAE is recommended for those who have businesses in the food service field and who are obliged to comply with the requirements imposed by law. With the help of our Dubai accountants, you can outsource this type of service for the smooth running of your business in this country. In the following lines, you can find information about accounting for restaurants and bars in UAE.
In addition to the classic payroll and bookkeeping services in Dubai, UAE, restaurants and bars must also comply with other procedures. Here are some of them:
The chart of accounts is used for the classification of expenses for restaurants and bars and refers to:
We recommend those interested in accounting for restaurants and bars in UAE contact our accounting firm in Dubai for information and support.
We have a team of qualified accountants in the food service industry. Our specialists can offer you bookkeeping and payroll services, using the most suitable software in the field. We also know how to manage charts of accounts and we constantly communicate about business cash flow with the owners of such businesses.
Below are some statistical data about the food service industry in the UAE:
Restaurants, bars, and catering companies are the engine that maintains the food service industry. In the UAE, this industry generates annual profits of billions of dollars, only in 2021 being valued at USD 8.9 billion. Here is some information about this extremely developed industry:
So, if you want more information about accounting for restaurants and bars in UAE, we recommend the services of our specialists. We can also provide you with details regarding the audit in Dubai for the company you own in this city, so contact us right away.