1. Recording Transactions
Accounting and bookkeeping services involve recording all financial transactions, including sales, purchases, expenses, and revenues, in accordance with generally accepted accounting principles (GAAP) in Saudi Arabia.
2. Financial Statements
Preparation of financial statements, including the balance sheet, income statement, and cash flow statement, to provide an overview of the company's financial position and performance.
3. Accounts Payable and Receivable
Managing accounts payable and receivable, including invoicing customers, processing payments, and reconciling bank statements to ensure accuracy.
4. Payroll Processing
Calculating and processing employee salaries, taxes, and benefits in compliance with Saudi labour laws and regulations.
5. Tax Compliance
Ensuring compliance with tax laws and regulations in Saudi Arabia, including filing tax returns and paying taxes on time.
6. Financial Analysis
Providing financial analysis and insights to help businesses make informed decisions and improve financial performance.
7. Budgeting and Forecasting
Assisting in the preparation of budgets and financial forecasts to help businesses plan and allocate resources effectively.
8. Audit Support
Assisting with internal and external audits by providing accurate financial records and supporting documentation.
9. Software Implementation
Implementing accounting software to streamline processes and improve efficiency in financial management.