loader image

Contact Us

Need help? Contact an expert

+966542099553

Accounting and Bookkeeping

Accounting and Bookkeeping are fundamental pillars that companies rely on to organize their operations and ensure the accuracy of their financial data. Sound financial practices not only help businesses meet regulatory requirements, but also strengthen their ability to improve performance and make strategic decisions based on reliable information.
With increasing market competition and growing regulatory demands in the Saudi business environment, the need for professional Accounting and Bookkeeping services has become essential for every organization, regardless of its size.

First: Accounting Services

Technological advancements have significantly reshaped financial management within companies, increasing the importance of having accurate, timely, and ready-to-use financial information. Administrative bodies, shareholders, and investors depend on such information to build trust, evaluate performance, and make informed decisions.

Our accounting services include:

  • Preparation of financial statements in accordance with Saudi accounting standards.
  • Preparing accounting entries and adjustments to ensure accurate records and period-end balances.
  • Preparing periodic financial reports to support management in monitoring financial performance.
  • Managing accounts receivable and accounts payable to maintain smooth financial operations.
  • Developing financial policies and procedures that unify work processes and enhance internal control.

 

Second: Bookkeeping Services

Bookkeeping is the foundation of organizing financial information within any organization. It ensures the systematic and accurate recording and tracking of all financial transactions, providing management with clear visibility of the company’s financial position and operational performance.

Our bookkeeping services include:

  • Recording daily financial transactions in an organized and timely manner.
  • Preparing accounting ledgers in accordance with regulatory requirements.
  • Bank reconciliation and reviewing bank statements to verify data accuracy.
  • Organizing and archiving financial documents to ensure easy access when needed.
  • Managing payroll and allowances while ensuring accuracy and regulatory compliance.

 

Why Choose Abdullah AlHamdan CPA’s for Accounting and Bookkeeping?

Because we do not provide Accounting and Bookkeeping services in a traditional manner, we deliver integrated financial solutions built on professional expertise and a deep understanding of Saudi accounting standards. Our approach focuses on:

  • Ensuring accuracy and consistency of financial data.
  • Strengthening internal controls and minimizing operational risks.
  • Providing clear, actionable reports that help management make well-informed decisions.
  • Establishing structured systems that support stable and sustainable business growth.

 

Choosing our accounting and bookkeeping services means relying on a team that brings the expertise, methodology, and precision required to manage your financial data at the highest level of professionalism.

What is the role of bookkeeping in companies?

Bookkeeping is responsible for recording and tracking the company’s daily financial transactions. The bookkeeper summarizes business activities periodically and converts them into financial reports that reflect the company’s financial position and performance, helping management make data-driven decisions.

What is the difference between bookkeeping and accounting?

Bookkeeping focuses on recording daily financial transactions and maintaining accurate records. Accounting, on the other hand, involves analyzing, preparing, and interpreting the financial reports generated from bookkeeping activities. While bookkeeping provides the raw financial data, accounting delivers analytical insights into financial performance and position.

What are the key services included in bookkeeping?

Bookkeeping typically includes:
- Recording daily financial transactions (purchases, sales, expenses, receipts, payments)
- Preparing journal entries and posting them to the general ledger
- Reconciling bank accounts and preparing bank reconciliations
- Managing accounts receivable and accounts payable (customers and suppliers)
- Monitoring inventory and recording inventory movements
- Preparing the fixed assets register and calculating depreciation
- Preparing the monthly trial balance
- Organizing and archiving financial documents
- Tracking government obligations (such as VAT invoices)

Why is the double-entry system important in bookkeeping?

The double-entry system ensures that every financial transaction is recorded in at least two accounts, which enhances the accuracy of records, enables early detection of errors, and maintains the balance of financial statements. This system is the foundation of modern accounting and significantly improves the reliability of financial information.

Can anyone create an accounting system for their company, or is expert support required?

Anyone can use simple accounting software to set up a basic system, but creating an effective and reliable accounting system requires expertise in accounting and financial management. Professionals—such as certified accountants—can design a system that suits the company’s size and business nature while ensuring data accuracy and compliance with regulations and accounting standards.

What does “support in managerial decision-making” mean in the context of accounting?

It means providing managers with accurate financial data and analysis to help them make strategic and operational decisions, such as:
- Identifying profitability and the most efficient departments
- Planning and budgeting
- Managing cash flows
- Making pricing decisions
- Evaluating expansion or investment opportunities
- Monitoring performance and improving efficiency


Accounting is not just recording numbers, it is a fundamental tool that supports management in achieving organizational goals.

We strive to provide our clients with the best
experience with full professionalism

Contact Us