Professional Accounting and Bookkeeping Services Including:
- record payments, receipts and journal entries in the accounting software (Quick Books);
- prepare bank reconciliations;
- prepare and maintain schedules for prepayments, accruals, employee advances and end of service benefits;
- maintain fixed assets registers and follow appropriate depreciation method as per the company’s policy; and
- prepare the monthly/annual general ledger, journal, trial balance, income statement, balance sheet and cash flows (Excel format).
Monthly / Quarterly VAT filing with the General Authority of Zakat and Tax "GAZT" portal including:
- advise you of the VAT Tax Return filing requirements;
- advise and liaise with you as to the preparation of quarterly / monthly VAT return;
- review the quarterly / monthly VAT return information;
- inform you of the VAT payable amount and due dates for payment;
- submit VAT return on your behalf, to the GAZT; and
- review and keep the records of VAT related documents and confirming that they are easily accessible upon any request from the GAZT.
Monthly / Annual Withholding tax filing with the GAZT including:
- advise you of the Withholding Tax Return (“WTR”) filing requirements;
- advise and liaise with you as to the preparation of monthly and annual WTR;
- inform you of the dates for payment;
- translate the WTR into Arabic for filing with the GAZT; and
- submit WTR on your behalf in Arabic, to the GAZT as prepared by you based on our advice.