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As one of the fastest-growing economies in the world, the UAE provides numerous career opportunities for individuals in a wide range of fields, including Accountant Jobs.
Why To Choose Accounting Firm In UAE?
By choosing a well experienced accounting firm in UAE will lets one to aware of the ins and outs of accountancy in the country and may help your business to maintain proper books of accounts and track all the transactions. A “balance sheet” will allow you to look at the financial position of the company on a specific date and the “cash flow statement” acts as a mediator between the income statement and the balance sheet and lets you know the cash raised and spent during a particular period of time.
In UAE, most of the businesses, whether small or large, are required to audit their accounts every year. The books of accounts will allow the auditor to make proper audit reports; only then the management will get an exact idea about the overall position of the organization.
Accounting firms in Dubai will provide you with professional assistance and contribute their experience to support your business. By choosing an accounting firm in Dubai for outsourcing your accounts, the organization can focus more on the other functions taking place within the entity which will boost your business.
Benefits of An Accountant In UAE
Because of the robust economy of UAE, a large and good number of professionals are required to manage the economy. Different organizations such as banking, finance, and construction are always in need of qualified accountants to help them with their day-to-day operations. Because of this high demand, accounting jobs are highly paid in UAE. Some of the benefits of being working as an accountant in UAE are given below.
- Excellent Career Growth Opportunities
- Tax Free Income
- High Standard Of Living
- Access to International Markets
- Professional Development Opportunities
Responsibilities Of An Accountant
- Preparing monthly and annual accounts
- Corporate document maintenance
- Projecting cost calculations
- Liaising with auditors
- Processing employee expenses
- Costing for projects
- Data gathering
- Receiving and storing invoices
- Using digital systems to keep records and create payments
- Preparing and posting journals
- Logging daily entries in accordance with accounting policy
Qualification Required For An Accountant In UAE
Professionals should have a degree-level education in a finance subject (accounting, mathematics etc.) and an accounting qualification or part-qualification in ACA, CIMA or ACCA.
Experience Required for an Accountant In UAE
- 3-5 years accounting experience ERP knowledge
- Excellent MS Excel capabilities
- Regional experience
In some cases, fund and investment experience is needed, especially for fund accounting work.
Accountant Salary in UAE – Overview
The average Accountant salary in UAE is AED 4,500 per month, it may goes up to AED 9,500 based on industry, job location and candidate profile. The highest-paying industry in UAE for Accountant is Shipping, followed by Real Estate and Automotive. Comparing across UAE cities, Al Ain offers the highest salaries for Accountant, followed by Ras Al Khaimah and Abu Dhabi. Salaries in UAE are tax-free.
Accountant Salary in UAE
An accountant salary in UAE is quite varied, with a minimum monthly salary of 6,440 AED and a maximum of 21,100 AED. The median accountant salary in UAE is 14,000 AED per month, representing the midpoint where half of all workers make more than that amount and half make less.
The average accountant salary in UAE depends upon the level of education. The average accountant salary in UAE when their highest level of education is High School is 9,370 AED per month.
On an average individuals with a Certificate or Diploma can expect to earn 10,800 AED per month.
The average salary of an accountant who holds a Bachelor Degree can expect to earn 15,800 AED per month.
Professionals who holds a Master’s Degree can expect to earn up to 19,500 AED per month.
This significant increase in salary is indicative of the added value that comes from having a higher educational attainment and the specialized knowledge that it provides.
These salary may varies depending on factors such as location and experience, which could affect both the supply and demand of Accountants.
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The accountant salary in UAE can give a high standard of living to the accountant based on their standard of education. Therefore, it’s no surprise that many finance professionals are drawn to UAE for its attractive salaries and generous benefits packages.