Bookkeeping Services

  Bookkeeping services are not available to all business organizations, either due to a shortage of resources, a lack of expertise, or other reasons. Therefore, we offer professional services in the fields of accounting, auditing, and taxation, as well as accounting advisory services (account setup and registration, bookkeeping) to a wide range of private sector companies (local and foreign) and others. Our distinguished knowledge and understanding of accounting standards and international standards have enabled us to meet all requirements for companies, institutions, and their foreign branches, as well as provide timely accounting reports needed by decision-makers.

---

 

First: Account Setup Services

  Setting up accounts for companies and institutions is a crucial and fundamental step upon which companies and institutions rely to establish an integrated and reliable accounting system for issuing trustworthy and sound financial reports to owners.

• Designing and evaluating accounting systems for companies and institutions.
• Providing consultations for current accounting systems and working on how to increase their effectiveness and development.
• Designing the chart of accounts and creating an appropriate accounting manual according to the activity of companies and institutions.
• Designing management’s reporting requirements.
• Establishing accounting policies to be followed.
• Preparing financial systems and regulations and designing effective internal control systems.
• Implementing and updating accounting cycles and forms consistent with the adopted accounting system, thereby achieving internal control.

---

 

Second: Account Registration Service (Daily Entries) for Companies and Institutions

  Maintaining accounting records and registrations is the lifeline for any existing entity. Through these records, owners and management can track all operations conducted by the companies, enabling them to measure the overall success of the company or a specific part of it. Additionally, accounting records are a crucial basis for Zakat calculation and tax declaration purposes. The key features of this service include:

• Entering accounting entries into the accounting software.
• Preparing draft financial statements for management on a regular basis.
• Providing account statements and trial balances accurately and in a timely manner.
• Submitting periodic financial reports to management.
• Preparing closing and posting entries in accordance with the accounting manual and financial reports.

---

 

Third: Account Review Services (Ensuring Correct Data Registration)

  After confirming the integrity of accounting registration for the company’s activities, a specialized team of auditors conducts visits to the company to perform the following:

• Monitoring the proper execution of registration on the accounting software, which ensures the speed and accuracy of recording all company operations. This provides an up-to-date view of the movement and balance of all necessary account types, thereby strengthening internal control and detecting deviations from their onset. It also shows the company’s performance results and financial position at the end of each month.
• Reconciling bank statements with account balances in accounting records and bank reconciliation memos.
• Periodically reviewing account balances and supporting documents for activity movements with cash receipts, disbursements, and bank accounts, alongside accounting entries for transactions, with assistance in making these documents electronic.
• Verifying the cash movement balance against the cash balance in the general ledger.
• Confirming inventory movement balances, cost of goods sold, and revenues.
• Ensuring confirmations are obtained from customers and account statements are received from suppliers.