From IFRS financial statements to MIS reports, VAT returns, and Corporate Tax — here's exactly what you should receive every month from your Dubai accounting provider.
Fastlane's accounting service runs on a fixed monthly cycle so you always know exactly when to expect your financials and what to send us. Here's how each month works:
On the 1st of each month, Fastlane sends you a document checklist requesting the previous month's bank statements, sales invoices, expense receipts, and any other transaction records.
Once documents are received, your dedicated accountant processes all transactions, reconciles your bank accounts, and updates your cloud accounting software (Zoho Books, QuickBooks, or Xero).
Within 5–7 working days of receiving your documents, you receive your full IFRS financial statements and one-page MIS management report by email.
If your VAT return is due (UAE quarterly cycle), Fastlane prepares the draft return, shares it for your review, and submits via EmaraTax on or before the deadline.
Fastlane prepares your annual CT computation from your full-year financials, shares the draft return for review, and files via EmaraTax within the 9-month deadline.
Each month you receive three core deliverables. Here's what each one is and why it matters:
Three statements prepared to IFRS standards: Profit & Loss (revenue, costs, net profit), Balance Sheet (assets, liabilities, equity), and Cash Flow Statement. Required for CT filing, free zone audits, and bank lending.
A one-page summary written for you, not your auditor. Key metrics at a glance: revenue vs budget, gross margin, cash position, top expenses, and any anomalies flagged by your accountant. Designed for founders and directors who don't read P&Ls daily.
Real-time read access to your accounting software (Zoho Books, QuickBooks Online, or Xero). See your books at any time — outstanding invoices, bank balance, aged debtors — without waiting for month-end reports.
Confirmation that every transaction in your accounting records matches your bank statement — with all differences explained. Essential for audit readiness and catching errors or duplicate payments.
What is an MIS report? MIS stands for Management Information System. It's a one-page financial health summary your accountant prepares specifically for the business owner — showing revenue, profit, cash, and key ratios in plain language, not accounting jargon. It's the document you read first every month to understand how your business is performing.
In months where your VAT return is due, Fastlane adds a fourth deliverable to your monthly cycle:
Late VAT filing penalties: AED 1,000 for the first offence, AED 2,000 for subsequent late filings within 24 months. Missing a VAT return is one of the most common and easily preventable compliance failures for Dubai startups. Fastlane tracks your deadline and files ahead of it — never on the last day.
Once per year, Fastlane prepares and files your Corporate Tax return. The process:
Small Business Relief: If your revenue is under AED 3 million, you may qualify for Small Business Relief — reducing your CT liability to zero. Fastlane checks your SBR eligibility as part of the annual CT return preparation and makes the election where applicable. Learn more about CT filing →
Your accountant needs four things from you every month — typically shared via WhatsApp or email:
Most clients send documents via WhatsApp. There's no portal to learn or complex upload process. Your dedicated accountant sends you a reminder on the 1st and you reply with the documents. Most clients complete this in under 10 minutes.
Fastlane delivers your IFRS financial statements and MIS report within 5–7 working days of receiving all required documents from you. If documents are received by the 3rd of the month, you typically have financials by the 10th.
Yes. Fastlane's IFRS financial statements are prepared to the standard required by approved auditors at all major UAE free zones — IFZA, DMCC, JAFZA, DAFZA, RAKEZ, DIFC, DSO, DWC, MEYDAN, and SRTIP. The Growth Package includes audit-support preparation.
Yes. Your accounting is maintained on cloud software (Zoho Books, QuickBooks Online, or Xero) and you are given read-only access. You can log in at any time to see your current bank balance, outstanding invoices, and transaction history — without waiting for month-end reports.
Your accountant will still process the month, but the 5–7 day turnaround clock starts from when documents are received. If a VAT return deadline is approaching, Fastlane will flag this and work with you to meet the FTA deadline — even if documents arrive late.
This guide reflects current Fastlane service delivery standards and UAE compliance requirements as at March 2026.