Accounting, Outsourcing and Payroll Services

Our Accounting and payroll departments provides the following main services:
• Preparation of companies’ accounting records in accordance with the uniform chart of accounts
• Accounting entry of daily transactions
• Review of the accounting records according to related tax laws
• Reconciliation of petty cash, bank, trade receivables and trade payable accounts
• Performance of term closures, including monthly, quarterly, and annual; and the preparation of the company’s financial statements in accordance with the uniform chart of accounts (balance sheet, income table, cash flow table, etc.)
• Preparation of all monthly, quarterly, and annual tax declarations (corporate tax, income tax (withholding), VAT, stamp tax, and advance corporate tax), and their accruals
• Performance of the relevant opening operations for headquarters, offices and/or branches at tax offices, social security administration (SSA), and regional employment directorates
• Preparation of the monthly SSA declarations and accrual of monthly SSA
• Customer notification of monthly, quarterly, and annual declarations in electronic format for tax payments that have been accrued
• Preparation of the necessary annual activity reports to be sent to the treasury or the related ministry, and their conveyance to the related organization after customer approval
• Provide answers to daily accounting operations and tax implications as well as new accounting projects to companies which perform those entries inhouse by accounting departments
• Notification to the company off any changes made in tax regulations (circular services)
• Preparation of the company’s monthly wage pay slips in accordance with data received from the company; calculation of insurance, tax, and net wage and preparation of all kinds of reports related to payroll