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Welcome to our premier bookkeeping service website! We understand the critical role that accurate and efficient bookkeeping plays in the success of businesses. With our professional expertise and commitment to excellence, we offer comprehensive bookkeeping solutions tailored to meet your specific needs.
Whether you are a small start-up or a thriving enterprise, our team of experienced bookkeepers is equipped to handle all your financial documentation, accounting, and reporting requirements. By entrusting us with your bookkeeping tasks, you can focus on what you do best – growing your business. With our dedication to quality, precision, and confidentiality, we are here to support your financial success every step of the way.
Our Services
Implementing accounting software involves setting up and configuring the software to suit the specific needs and requirements of a business or organization. This process can be complex and requires careful planning and execution to ensure that the software accurately captures and processes financial data
A chart of accounts is a structured list of all the financial accounts that an organization uses to categorize and record its financial transactions. Each account corresponds to a specific category of transactions, assets, liabilities, equity, income, or expenses. The chart of accounts provides a standardized framework for organizing financial information, which is crucial for accurate financial reporting and analysis.
Bookkeeping data entry involves recording financial transactions and relevant information accurately and systematically into accounting records. This process forms the foundation of a company’s financial records and ensures that accurate and up-to-date information is available for financial reporting, analysis, and decision-making. Here’s how bookkeeping data entry is typically carried out:
ACCOUNT RECEIVABLE
ACCOUNT PAYABLE
GENERAL LEDGER
Accounts receivable refers to the outstanding payments that a business or organization is owed by its customers or clients for goods or services that have been provided on credit. In other words, it represents the money that is owed to a company by its customers for products or services that have been delivered, but payment has not been received yet.
Accounts payable refers to the money that a business or organization owes to its suppliers, vendors, or creditors for goods and services that have been received but have not been paid for yet. In other words, it represents the company’s outstanding obligations to its creditors
The general ledger is a fundamental component of a company’s accounting system. It is a centralized record that contains all the financial transactions and account balances of a business. The purpose of the general ledger is to provide a comprehensive and organized overview of a company’s financial activities, making it easier to prepare financial statements, analyze performance, and ensure accurate financial reporting.
BANK RECONCILITION
Cash flow analysis
PROFT & LOSS STATEMENT
Bank reconciliation is a process that helps ensure the accuracy and consistency of a company’s financial records by comparing its internal accounting records with the records provided by its bank. The goal of bank reconciliation is to identify and rectify any discrepancies between the two sets of records. This process is typically carried out on a regular basis, often monthly, to ensure that the company’s financial information is accurate and up-to-date.
Cash flow analysis is a financial management tool that examines the inflows and outflows of cash within an organization over a specific period of time. The primary goal of cash flow analysis is to understand how cash is generated and used within a business, providing insights into the company’s financial health, liquidity, and ability to meet its financial obligations. This analysis is crucial for effective financial planning, decision-making, and ensuring the sustainability of the business.
Profit and Loss (P&L) is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year. It provides insights into a company’s ability to generate profit by increasing revenue, reducing costs, or both. The P&L statement is also known as the Income Statement or Statement of Earnings.
BALANCE SHEET
A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point in time. It presents a summary of a company’s assets, liabilities, and shareholders’ equity, giving a clear picture of what the company owns and owes, as well as the residual interest of the owners in the company.
YEAR END CLOSING
Year-end closing, also known as year-end accounting or year-end closing process, refers to the series of steps that a company undertakes to finalize its financial records for the end of its fiscal year. This process is crucial for accurately reporting the financial performance and position of the company to stakeholders, complying with accounting standards and regulations, and preparing for the upcoming fiscal year.
PAYROLL
Payroll refers to the process by which a company or organization calculates and manages the compensation it provides to its employees. This includes wages or salaries, bonuses, benefits, and deductions. Payroll is a critical function in any business, as it ensures that employees are paid accurately and on time while also complying with legal and tax requirements.
inventory management
TAX COMPLIANCE
INCOME TAX
Inventory management refers to the process of overseeing and controlling a company’s inventory or stock of goods. Effective inventory management is crucial for businesses to ensure that they have the right products available in the right quantities at the right times while minimizing carrying costs, stockouts, and overstock situations. It involves various tasks and strategies aimed at optimizing the balance between supply and demand.
Tax accounting is a specialized field within accounting that focuses on the preparation, analysis, and management of financial information related to taxes. The primary goal of tax accounting is to ensure compliance with tax laws and regulations while minimizing a company’s or individual’s tax liability to the greatest extent legally possible. It involves various activities, strategies, and calculations to accurately report and optimize tax-related information.
Income tax is a tax levied by the government on an individual’s or entity’s earnings or income. It is one of the primary sources of revenue for governments worldwide and is typically used to fund public services and government programs.
TAX RETURN FILING
Tax return filing is the process of submitting the necessary documents and information to the government authorities, typically the tax agency of a country, to report your financial activities for a specific period and calculate the amount of taxes you owe or the refund you’re entitled to. Tax returns are filed annually or at specified intervals, and they provide a detailed breakdown of your income, deductions, credits, and other relevant financial information.
TAX REGISTRATION
Tax registration refers to the process of officially enrolling or registering with the appropriate government authorities to establish your tax identity and ensure compliance with tax laws and regulations. This is a crucial step for individuals, businesses, and organizations to legally operate and fulfill their tax obligations.
FIXED ASSETS MANAGEMENT
Fixed asset management, also known as capital asset management, is the process of acquiring, tracking, maintaining, and disposing of fixed assets within an organization. Fixed assets are long-term tangible assets that a company uses in its operations to generate revenue. Examples of fixed assets include land, buildings, machinery, vehicles, furniture, and equipment.
About Us
Al Areej Accounting & Bookkeeping is a proficient bookkeeping accounting service provider. We are providing faultless bookkeeping with the highest degree of accuracy & confidentiality. And monthly, quarterly, and annual financial statements, and financial performance reviews including an ageing analysis of inventory, receivables, payables, ratio analysis, etc. We are handling medium and small business bookkeeping services that facilitate the smooth and successful functioning of your business. We provide professional and time-saving bookkeeping.
Our Mission
To provide professional and efficient Accounting Solutions to our valuable clients in a way that benefits our customers and offers them good quality service.