Accountancy and Bookkeeping
Accounting is defined as the science that studies the measurement and elaboration of financial activities through the classification, clearance and recording of financial transactions, as well as the presentation and disclosure of financial information, through financial statements for specific periods of time. Accounting is also defined as the language of business due to its association with commercial, service and industrial activities. While bookkeeping is defined as the detailed daily recording of all financial transactions of a given establishments and companies, bookkeeping is considered one of the main elements of accounting, as the basis of the financial reports prepared by accountants is the recording of financial data in the books, and the bookkeeping process is undertaken by an expert accountant.
1- Laying Out the Chart of Accounts:
The step of laying the chart of accounts is fundamental up on which the accounts and the accounting cycle are built. We establish and code the chart of accounts accurately in accordance with the correct direction of the account that will lead to effective results through extracting correct data from the accounting system.
The commercial law has obligated all activities and companies to keep their accounting records in their main center for a period of not less than 5 years from the date of the end of the fiscal year, and the company may keep an electronic copy of the original documents which in turns deposited and saved with it.
Since we have a highly qualified professional team, we provide this service according to accounting standards and foundations.
2- Accounts book keeping
What is the accounting bookkeeping process? It aims in its entirety to collect, organize, store and make available the entity’s information records base, which is necessary for two main purposes:
- Facilitating and enabling the entity’s daily operations
- preparing financial and tax statements and reports and internal administrative reports.
We always find that companies are looking for the ideal employee who can perform dual tasks and roles accurately and professionally. We can be your ideal employee by performing all the tasks of accounts book keeping, as follows: –
- Recording the necessary daily entries.
- Transfer records to the general ledger.
- Preparing the trial balance before settlements.
- Developing inventory settlements.
- Laying out the trial balance after settlements.
- developing financial statements
- developing the supplementary explanations for the financial statements.
- Conducting the necessary analytical reports.
- Preparing and monitoring bank settlements.
- Managing customer and supplier accounts.
- Preparing payroll and calculating labor income taxes.
“Leave accurate financial records to us, so you can focus on managing and growing your business confidently.”
Mohamed Kholief, CEO
Speak with one of our experts today.
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