The kingdom of Saudi Arabia has gained popularity as a major destination for entrepreneurial expansion and the establishment of companies
Whatever the company's field and the sector in which it operates, effective financial management and efficient and quality accounting processes are the first requirements for growth in the kingdom of Saudi Arabia.
Accounting processes are important for assessing the overall financial performance of a company
Helps in understanding cash requirements and managing / monitoring the flow of funds
Ensures the company's legal compliance with taxes and accrued payments
Adopt future decisions and set budgets based on the records of previous years
Review financial transaction documents such as invoices, receipts, financial statements, etc
Accurate recording of financial transactions with the preservation of original documents
Setting up financial transaction restrictions
Regularly update financial statements in the accounting system (ERP) or manual system
Analyze and understand the financial situation of the company
Development and analysis of financial strategy
Preparing accounts and auditing financial statements
Audit and reconciliation of general ledger accounts
Make the necessary adjustments to the accounts in the trial balance
Preparation of a complete set of financial statements of the company (income statement, balance sheet, equity account)
Closing of financial books at the end of the financial year
Periodically review transactions subject to zakat and VAT (daily, monthly, quarterly)
Preparing Zakat and VAT reports in accordance with government regulations and regulations
Submit Zakat and VAT reports electronically through the government e-portal
Tarik Alamal Alalmia works to provide company formation services, focusing on meeting our clients' needs efficiently and professionally. We also offer innovative marketing strategies to help businesses reach their target audience, increase brand awareness, and deliver high-quality services that exceed customer expectations, while maintaining clear and honest communication with our clients.
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