Accounting and Financial Operations Service

build accounting system.
   We develop a framework that includes the rules, principles, and foundations that help your organization to prepare documents and prove them in books and records, extract data, accounting, and statistical statements, and achieve internal supervision through a set of means and tools used in the accounting and administrative organization.

We present to your facility a map of the flow and flow of the operations that occur through which data is collected and recorded in the daily within accounting services ... Therefore, it is of great importance within the facilities; It is the material evidence on which supervision is based, as it documents and works to clarify all details of operations in an error-free manner within organized accounting services.

We work for your facility on bank reconciliations and settlements that must be done at the end of each month, and we also review the book balances of bank accounts with actual bank balances according to the bank statement, whether they are current accounts, loan accounts and facilities, and find out the reasons for the differences between the balances and work to solve them. The idea of  bank reconciliations is that we do by recording the transactions that occur on the bank account through the documents we have, whether checks, notes receivable, checks, notes payable, transfers or credits. At the same time, the bank sends an account statement to the facility detailing the movements and the balance at the end of the month. In the event of a discrepancy between the two balances, the bank accountant reviews Accounts, preparation of bank reconciliations, and the purpose of bank reconciliation is to ensure that the recording of accounting transactions is correct, and the error may be through the facility or the bank’s fault. Therefore, when there is any difference, the deposit or transfer document is referred to within the accounting services organized according to the administrative organization.

We make for your organization a trial balance as a main tool for control and verification of the entry accounting system, where the group of debit and credit balances must match, in addition to that it is considered a necessary step to prepare the final accounts, the statement of financial position and the income statement.
The trial balance mainly helps you in preparing reports, making decisions related to the budget, detecting errors, and managing the administrative organization of your facility.

The income statement for your facility is prepared within accounting services according to the administrative organization, and it is a list that we prepare to know the result of your facility’s activity in terms of gain or loss... It is considered one of the most important basic financial statements in the field of business and financial accounting; It is a statement or report that presents the financial performance of your establishment in a certain period of time or during a fiscal year. The importance and usefulness of the income statement is due to knowing the net income from a specific project and providing business owners and establishments with information, data, and cash flows, in addition to other useful information for making the right economic decisions.

We submit and prepare zakat and tax returns and objections for your establishment and follow up on transactions with the General Authority for Zakat and Income in accordance with the regulations and meet the requirements of customers. The office also contains a group of experts in the field of zakat and tax to provide consultations on everything related to that.

- Consultation regarding VAT application
- Preparing VAT declarations
- Preparing accounting systems for the application of VAT