For the proper running of a business in KSA, you need to have accounting services along with auditing and bookkeeping service as an unavoidable matter. It is the parameter to evaluate financial stability and performance of business for the owners, stakeholders, investors and managers. Accounting services and bookkeeping need to be the best as it fetches information related to profit and loss (P&L), cost and earnings that help business in decision making or economic decisions for future initiatives. The transactional records share by accounting helps a business identify, plan, define and communicated economic information to required personals in the company. As a leading business setup consultancy, Business Link is happy to assist with accounting services or auditing and bookkeeping services.
Accounting Services in KSA
Why Accounting & Bookkeeping services is important for a business?
Financial services are important to record all business transaction for a holistic view of company’s performance whether an enterprise or a small business.
- It calculates financial condition of business and evaluate overall performance
- It helps understand cash requirement and manage/monitor flow of money
- It establishes business as a statutory complaint with timely records of taxes, liability payments and more
- It helps identifying future projections and defining budget based on previous years data records
How Business Link UAE offers best Accounting, Auditing & Bookkeeping service?
Here’s how we simplify accounting service in KSA to help your enterprise or SME business grow.
Our services
Financial Consultancy overview of the business
a. Understand business functions
b. Define financial strategy and module.
c. Setup Chart of accounts.
d. Fix cost and profit centers.
Align external party for setup of accounting system (ERP) Or manual accounting (Excel)
Zakat & VAT Calculation and reporting
a. Review VAT transactions daily, monthly, and quarterly.
b. Prepare Zakat and VAT reports
c. Submit Zakat & VAT reports through the governmental electronic gate.
Accounting and Bookkeeping (Daily/Weekly/Monthly/Annually)
a. Identify and collect transaction documents including receipts, vouches, invoice and more
b. Record transaction along with the original documents.
c. Fil the journal vouchers.
d. Update transaction records in ERP or manual system on regular basis.
General Ledger (GL) and financial statements preparation
a. Review and reconcile GL accounts.
b. Adjust trial balance for the accounts.
c. Prepare complete set of financial statements.
d. Close the books by year end.
Fees structure
We charge only weekly/daily visit according to the requirements of accounting transactions. Financial consultancy and module defining will be free of charge. Our team will helps create chart of account, expected budget for next year and cash flow.
|
|
|
|
|
Startups and | From 100,000 to | 1,000 SAR | 6000 | 2000 |
Startups and | 1,000,001 to | 1,500 SAR | 8000 | 2,500 |
Medium enterprises | 5,000,001 to | 2000 SAR | 13,000 | 3,500 |
Medium enterprises | 10,000,001 to | 2,500 SAR | 20,000 | 5,000 |
Leave a Comment