Accounting Services in
Saudi Arabia
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
Here’s how we simplify accounting services in KSA to help your SME business grow.
Financial Consultancy
- Understand business functions
- Define financial strategy and module.
- Setup Chart of accounts.
Accounting and Bookkeeping (Daily/Weekly/Monthly/Annually)
- Understand business functions
- Define financial strategy and module.
- Setup Chart of accounts.
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.
Accounting and Financial Services
1. Accounting and Bookkeeping Services
- Financial Record Keeping: Maintaining accurate financial records for businesses.
- Accounts Payable and Receivable: Managing invoices, payments, and collections.
- Bank Reconciliation: Ensuring that bank statements match the company's financial records.
- Payroll Processing: Managing employee salaries, benefits, and deductions.
2. Tax Advisory and Compliance
- VAT Compliance: Assisting businesses with VAT registration, filing, and compliance.
- Corporate Tax Advisory: Providing guidance on corporate tax obligations and strategies.
- Zakat Compliance: Helping businesses comply with Zakat regulations.
3. Auditing Services
- Internal Audits: Conducting internal audits to ensure financial integrity.
- External Audits: Providing independent audit services for financial statements.
- Compliance Audits: Ensuring adherence to regulatory requirements and standards.