Accounting Services in KSA
For businesses operating within the Kingdom of Saudi Arabia (KSA), strong financial management is crucial. This serves as the measure for assessing the financial strength and performance of owners, stakeholders, investors, and managers. The transactional records provided by accounting enable a business to identify, plan, articulate, and convey financial information to the necessary personnel within the company.
As a top-tier business setup consultancy, we provide a comprehensive range of accounting services to tackle the challenges of new establishments. We guarantee a firm business setup in KSA that complies with local regulations. We possess a wealth of experience in assisting companies to enhance the efficiency and quality of their accounting and auditing operations.
Why Accounting & Bookkeeping services are important for a business in KSA?
- A professional accounting operations evaluate the overall financial performance of the business.
- It helps understand cash requirements and manage/monitor the money flow.
- It establishes the business as a statutory complaint with timely records of taxes, liability payments, and more.
- It helps to identify future projections and to define budgets based on previous years’ data records.
Our Services
Financial Consultancy
- Understand business functions
- Define financial strategy and module.
- Setup Chart of accounts.
Accounting and Bookkeeping (Daily/Weekly/Monthly/Annually)
- Identify and collect transaction documents including receipts, vouchers, invoices, and more
- Record transactions along with the original documents.
- Fil the journal vouchers.
- Update transaction records in ERP or manual system regularly.
Zakat & VAT Calculation and reporting
- Review VAT transactions daily, monthly, and quarterly.
- Prepare Zakat and VAT reports
- Submit Zakat & VAT reports through the governmental electronic gate.
General Ledger (GL) and financial statements preparation
- Review and reconcile GL accounts.
- Adjust the trial balance for the accounts.
- Prepare a complete set of financial statements.
- Close the books by year-end.
