Bookkeeping Services For KSA

Bookkeeping Services

Bookkeeping Services For KSA

The government of the Kingdom of Saudi Arabia is planning to diversify the economy and move it from an oil-based economy to one with various sectors contributing to the growth. This opportunity comes as a great chance for the businesses in the region as well as for aspiring corporate looking to set up their presence in the region. But that being said, doing business in Saudi Arabia is not that straightforward and requires to follow the guidelines specified by the government regarding:

Keeping records of financial transactions
Preparing financial statements
Day-to-Day monitoring and updating
Payroll Management

One of the major tasks that every business has to ensure is the accuracy of their accounting records. Any kind of discrepancy can be considered as willful fudging of the records and can attract penal actions as well. That is why you need to ensure the authenticity and accuracy of your accounting records. So, can you rely on your internal staff for it? What if there is any mistake due to the negligence of the staff? Who will bear the consequences? Consequences will be borne by none other than you and your business.

Aviaan Accounting is one of the leading bookkeeping services providers in Saudi Arabia. We have been working in the region for the last many years and are well versed in the rules and regulations of the Saudi Government when it comes to a business and its accounting. With our experienced accountants and bookkeeping professionals at your service, worry about the maintenance of your accounting books and focus only on the growth and expansion of your business.

Why you need our bookkeeping services in Saudi Arabia?

Having accurate accounting and financial records in KSA are not only essential to comply with government regulations but are also meant to inform the investors. Whether your business has earned investments from various investors or is looking to raise funds, the chances of your quest being successful depend entirely on your books. If they reveal the true and accurate nature of your venture, the chances of your business getting the required funding increase substantially.

Having an in-house team of accounting experts in KSA can cost you a lot of money, space, time, and effort. Even then, there is no guarantee of the reports being accurate. Additionally, you will need to purchase a suite of software to record the entries, which will again cost you more money. Then what is the need for undertaking such hassles, when we can manage your bookkeeping requirements in KSA in a far more efficient manner?

At Aviaan Accounting, we bring forth our rich experience in helping businesses in Saudi Arabia with their bookkeeping requirements. During our illustrious career, we have managed to help our numerous clients enjoy the benefits of our experience and expertise. Our team comprises some of the most experienced accounting professionals in the region who are adept at handling even the most complex transactions with relative ease.

Additionally, we have the latest accounting software that conforms fully with the guidelines of the government. This not only ensures that all your transactions are recorded accurately but also allows you the facility of accessing your accounting and financial reports as and when required. This will help you plan your business activities and take financial budgeting decisions based on accurate and up to date information.

Our Services in Saudi Arabia

Our bookkeeping services in Saudi Arabia include:-

Expenses ledger maintenance
General Ledger
Preparing management accounts quarterly
Trial Balance
Credit card reconciliation services
Day-to-day bookkeeping and accounting
Bill of Materials
Preparing accounts payable reports
Preparing purchase reports
Inventory Management in KSA
Project Costing and Budgeting

FAQs

FAQs

What is IFRS?

IFRS stands for International Financial Reporting Standards. The UAE Commercial Law came into force on 1st July 2015 and is mandatory for all companies. These set rules have been designed in order to bring transparency and common rules for all books of accounts across the world.

What is the period specified for preserving of accounting records?

Every company is required to keep its books of accounts for a period of at least 5 years.

Does law provides any restriction for using accounting software?

No, the law does not provide any restriction for using any accounting software.