Bookkeeping is the process of regularly recording a company's financial transactions. Companies may track all information on their books to make crucial operating, investment, and financing choices with proper bookkeeping. This method entails keeping track of all financial activities in your organization, including expenses such as supplies, services, and payroll, as well as income such as payments for goods and services from clients.
Our Responsibility
Financial Management involves strategic planning & utilization of financial resources to achieve business objectives. Our goal is to provide effective. Financial Management to enable you to make informed business decisions regarding investments, financing & risk management, which ultimately leads to maximizing profit & long-term success. We aim to enhance various financial activities for your business, including Bookkeeping Services, Petty Cash Management, Inventory Management, Budgeting & Forecasting, Asset Valuation, Detection of Errors & Cash Flow Management.
DATA ENTRY
Recording all the daily expenses and incomes of the business in our club based accounting software on accrual basis of accounting.
BANK RECONCILIATION
Matching the bank balance in our system after reconciling all payments with the bank.
PAYROLL
Calculation and payment of staff salaries, overtime, leave and indemnity expenses on a monthly/bi-weekly basis.
PETTY CASH MANAGEMENT
Managing all reimbursable and non-reimbursable expense claims of the business regularly in our system as well as checking the petty cash balance with the concerned personnel frequently.
INVENTORY MANAGEMENT
Recording all purchase invoices and systematically tracking the stock count in our system as well as through quarterly physical stock counts followed by an Inventory report inclusive of our observation and recommendations.
SUPPLIER MANAGEMENT
Calculating the distribution percentage/ commission for all suppliers. Managing purchase orders and maintaining aged payables summary.
MONTHLY FINANCIAL REPORTS
Preparing the Income Statement and Balance Sheet of the organization at the end of every month.
FINANCIAL ANALYSIS & ADVISORY
Matching Comparing the profitability and efficiency of the business to previous periods in our financial analysis report and providing financial advisory backed by recommendations.
QUARTERLY ADVISORY REPORT
Providing insights, analysis & recommendations based on the business' quarterly performance - including a comprehensive review & any changes occurred during the quarter.
Our Requirements
- Trial Balance - with opening balances
- Bank Access - with 'read only' access
- Access to all sales channels & payment gateways
Our Bookkeeping Service Packages
*Prices are subject to change depending on the Nature of the Business
Xero Silver Partner in Kuwait
Accounting Software | Certified Accountants | Real-time Reports
