UAE Accounting & Tax Glossary

Payslip

A payslip is a document that is provided to an employee along with their pay.

Personal services income

Personal services income (PSI) is income that is derived from personal services that an individual provides.

Petty Cash

A small amount of cash held on hand for minor day-to-day business expenses — office supplies, courier fees, small purchases.

Pitch Deck

A pitch deck is a presentation that is used to communicate the key aspects of a business or project to potential investors.

Post-Money Valuation

Post-money valuation is a term used in venture capital and startup financing to refer to the valuation of a company after an investment is made.

Pre-Money Valuation

Pre-money valuation is a term used in venture capital and startup financing to refer to the valuation of a company before an investment is made.

Product Velocity

Product velocity is a term used in the context of product development and management.

Profit

Profit is the excess of revenue over expenses.

Profit and Loss Statement (P&L)

A financial report summarising revenues, costs, and expenses over a specific period to show net profit or loss. The P&L is a core document for UAE corporate tax filing and is required by banks for loan applications.

Profit calculation

To calculate profit, you need to subtract a company's expenses from its revenue.

Profit margin

Profit margin is a measure of a company's profitability.

Profit margin calculation

To calculate profit margin, you need to divide the company's net income by its revenue and multiply the result by 100% to express it as a percentage.

Finances Glossary

Glossary