Bookkeeping for oil and gas service companies
Oil and gas service companies work on long contracts with large clients, specialist equipment and payment cycles that strain cash. We keep contract revenue, costs and receivables accurate, so you always know your position.
Common challenges we fix
- Long contracts billed in stages or by call-off
- Expensive equipment and spare parts
- Large clients with long payment terms
- Clients and suppliers in several currencies
What we handle for you
- Contract and project revenue and costs
- Equipment register, depreciation and spare parts stock
- Receivables ageing and cash-flow forecasting
- Multi-currency bank accounts and balances
- VAT treatment of local, export and free-zone supplies
- Payroll and WPS for field and office staff
Frequently asked questions
Can you help us manage cash flow on long payment cycles?
Yes. We keep receivables up to date and prepare a simple cash-flow forecast so you can see pinch points early.
Do you handle multi-currency accounts?
Yes. We record transactions in their original currency and handle exchange differences each month.
Guides for UAE businesses
Bookkeeping for Small Business in UAE: Step-by-Step Guide
Eight simple steps to set up and keep bookkeeping for a UAE small business, with basic examples and the UAE-specific rules you need.
Read the guide →VAT Registration Threshold UAE: Who Must Register?
AED 375,000 mandatory, AED 187,500 voluntary: how the UAE VAT threshold works, how to calculate it and when you must apply.
Read the guide →Corporate Tax Registration Deadline UAE (Including New Companies)
New companies have three months to register for Corporate Tax. Here's how the deadline works, the AED 10,000 penalty and the waiver.
Read the guide →Get your books in order this month
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