Hamriyah Free Zone accounting for industrial companies

A Hamriyah steel fabricator might own cranes, CNC cutters and welding lines worth AED 22 million. Each asset needs a cost, a useful life, monthly depreciation and a record of major repairs. Auditors will test the register, and the substance test in the FTA rules looks for adequate assets in the free zone.

HelloBooks keeps the fixed asset register and posts depreciation each month. When a new machine invoice arrives, the AI agent recognises it as a capital purchase from the supplier and amount, suggests the asset category and asks you to confirm before posting. Repairs and spare parts go to expenses unless you say otherwise.

Manufacturing and processing of goods or materials are qualifying activities in the FTA guide. For a Hamriyah producer that meets every condition, revenue from selling its own manufactured goods can be qualifying income, including sales to mainland customers, subject to the conditions in Ministerial Decision No. 265 of 2023.

The weak points tend to be side income. A food processor earning AED 26 million from its own products and AED 1.6 million from cold-storage rental to third parties should check the rental against the FTA guide's rules on property and services. Against a cap of AED 1.38 million (5% of AED 27.6 million), AED 1.6 million of non-qualifying income would mean losing qualifying status for the year and the following four.

• Separate income accounts for products, services and rental
• Raw materials, work in progress and finished goods tracked apart
• Plain-English questions such as "what was scrap income last quarter?"

Qualifying free zone persons must prepare audited financial statements regardless of revenue, according to the FTA. HelloBooks gives auditors a trial balance with every entry backed by its document, and an audit log on the Business plan. Payroll runs in HelloTime with salary journals posting to HelloBooks; WPS files are handled outside HelloBooks.

Approval rules stop large purchase orders and capital spending until the plant manager or finance head approves. If your factory needs a specific chart of accounts, cost centres per production line or custom reports, the team can set them up after a call via /book-a-demo or an email to hello@hellobooks.ai.