Accounting and Bookkeeping Services in Saudi Arabia

Overview

Motaded Limited Company provides reliable solutions for Accounting and Bookkeeping services, ensuring financial records are accurate and fully compliant with ZATCA requirements. We help keep your numbers clean after company formation so you can focus on growth effectively.In a fast-moving market, Motaded Limited Company handles your complete monthly Accounting cycle to ensure transactions are recorded accurately. Our service includes Bookkeeping, preparation of Financial Statements, and management reports, aligning with ZATCA standards. This service provides clear financial visibility into revenue and expenses, facilitates financial aspects of employee management, and ensures compliance with IFRS, avoiding costly penalties after the company formation process.

Service snapshot
Target Group

Target Group

All Companies that have completed company formation and require an Accounting and Bookkeeping system to ensure financial transparency and full compliance with ZATCA requirements on a periodic basis.

Service Channels

Service Channels

The service is provided electronically and directly by the expert team at Motaded Limited Company, with Financial Statements and monthly reports delivered via secure and organized communication channels efficiently.

Language Provided

Language Provided

Accounting and Bookkeeping services and reports are available in both Arabic and English, ensuring that management and investors understand the financial status and adhere to ZATCA requirements and International Financial Reporting Standards (IFRS).

Objectives

1. Achieve full compliance with ZATCA requirements, avoiding accounting errors or financial penalties that may face the establishment after initial company formation and commencing operations.

2. Provide clear financial vision through organized Bookkeeping, helping management make smart decisions based on accurate numbers and reliable Financial Statements in a timely manner.

3. Enhance the confidence of investors and lenders by presenting transparent and organized financial records, reflecting professionalism in Accounting and the soundness of cash flows within the establishment consistently.

Work Tracks
Collect and organize monthly financial documents

Collect and organize monthly financial documents

1. Collect and organize monthly financial documents (invoices, expenses), and link them to the approved Accounting system used by Motaded Limited Company to ensure the accuracy of periodic Bookkeeping.

Process accounting

Process accounting

2. Process accounting entries and record all financial transactions, reviewing compliance with ZATCA requirements, and preparing drafts of Financial Statements and management reports accurately.

Review and approve the final reports

Review and approve the final reports

3. Review and approve the final reports with the client, and deliver the monthly Accounting and Bookkeeping package that accurately shows net profits, losses, and cash flows efficiently.

Areas of Work

1. Manage the complete accounting cycle including Bookkeeping, bank reconciliation, and ensuring the accuracy of data entered into the establishment's Accounting system completely.

2. Prepare Financial Statements and periodic reports that meet ZATCA needs, and support external auditing processes after the initial company formation phase efficiently.

3. Provide financial consultations related to expense optimization and cash flow management, linking them to employee management operations to ensure spending efficiency and achieve the financial goals of Motaded Limited Company.

FAQs
1. Why are Accounting and Bookkeeping essential after company formation?

Answer: They are essential for ZATCA compliance, providing accurate records that help with financial employee management and making informed business decisions for the establishment's growth successfully.

2. Does Motaded Limited Company service include the preparation of Financial Statements?

Answer: Yes, our services include the preparation of monthly and annual Financial Statements and management reports, ensuring transparency and adherence to IFRS within Saudi Arabia.

3. How does the service ensure compliance with ZATCA requirements?

Answer: By accurate Bookkeeping, reconciliation of electronic invoices, and ensuring all Accounting operations adhere to the tax regulations and rules enforced in the Kingdom effectively.