Accounting bookkeeping service

Accounting bookkeeping service is not available to all business organizations either due to lack of resources or for any other reasons. Therefore, the office of Muhammad Al-Duwais Certified Accountants and Auditors provides its professional services in the fields of accounting, auditing, and taxes, as well as advisory services (establishing and registering accounts, keeping accounting books) to a wide sector of private sector companies (local, foreign) and others. The distinguished knowledge and know-how of accounting standards and international standards has enabled us To keep up with all the requirements of all companies, institutions and their foreign branches. The office’s services in this field are as follows:
First: account establishment services
Establishing accounts for companies and institutions is one of the important matters and the basic rules upon which companies and institutions rely to create an integrated and reliable accounting system to issue reliable and good accounting reports to the owners.
• Design and evaluate accounting systems for companies and institutions.
• Providing consultations on current accounting systems and working on how to increase and develop their effectiveness.

• Designing the accounting manual and creating the appropriate chart of accounts according to the activity of companies and institutions.
• Design management requirements for issued reports.
• Establishing accounting policies to be followed.
• Preparing financial systems and designing effective internal control systems.
• Implementing and updating accounting cycles and models consistent with the established accounting system and achieving internal control.

Second: Account registration service (daily entries)
Accounting records and bookkeeping are considered vital for all business organizations to enable owners and management to know all the operations carried out by these organizations and make them able to measure the degree of success of the organization as a whole or the success of part of it. In addition, accounting records are considered an important basis for the purposes of calculating zakat and submitting tax data.
The features of the service are:
1. Entering accounting restrictions into the accounting program.
2. Prepare financial statements for management on a regular basis.
3. Providing account statements and reliable trial balances.
4. Submitting periodic financial reports to management.
5. Make closing and posting entries in accordance with the accounting manual and financial reports.
Third: Audit services to confirm the correct recording of data
After ensuring the integrity of the accounting recording of the company’s activity, a specialized work team of auditors visits the company to do the following:
Monitoring the proper implementation of registration in the accounting program, which achieves speed and ease of recording the movement of all the company’s activity operations and shows up-to-the-minute movement and balance of all types of accounts necessary to achieve internal control and state the result of the company’s business and its financial position at the end of each month.
Reconciling bank statements with account balances with accounting records and settlement notes.
Periodic review of account balances and documents supporting the movement of activity with receipt and disbursement vouchers and bank accounts with accounting entries for the movements.
Verifying the balance of the fund movement with the fund balance in the ledger.
Verifying inventory movement balances, cost of sales and revenues.
Fourth: Tax services in recording accounting transactions
Tax services are currently among the most important services sought by companies and institutions, especially in the lack of experience of accountants with the tax system and tax regulations related to accounts and their registration. Accordingly, the office of Muhammad Al-Duwais Certified Accountants and Auditors has provided the following services related to tax, which are:
Reviewing the client’s accounting operations to identify areas of change or modifications in policies and procedures to be compatible with tax legislation, especially value-added tax.
Assistance with inquiries and questions raised by the General Authority of Zakat and Income about value-added tax and income tax.
Providing advisory services on income tax, including preparing and submitting the tax return, as well as representing companies before the General Authority of Zakat and Income.
Assistance in submitting value-added tax returns and monthly and quarterly returns.
Proposing amendments and procedures that the company applies to be able to comply with the provisions of value-added tax legislation.

Fifth: Other sub-services
The office provides bookkeeping services and prepares the necessary reports for clients with a small business size as needed.
The office employs accountants who help our clients organize and maintain accounting books, so that our clients bear an agreed upon percentage calculated based on the cost of a full-time accountant.
When the volume of work requires appointing a full-time accountant, we provide our clients with the necessary recommendations and advice and work to hand over tasks and responsibilities smoothly and without any interruption in work to those selected to carry out bookkeeping and accounting records full-time.
The office provides its services regarding accounting matters in:
• Preparing financial statements and subsidiary data and clarifications.
• Verifying the accuracy of internal control over financial management.
• Issuing financial and periodic statements (monthly – quarterly – annual) in accordance with management requirements.
• Posting to general and auxiliary books or making entries to the automated system.