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Accounting bookkeeping service in Saudi Arabia

Accounting bookkeeping service

We allow our clients Accounting bookkeeping service in Saudi Arabia by preparing and preparing accurate books for your future business. The CBD Accounting For Financial Consultantingprovides you with the processing

and completion of all books for your company on a monthly basis.

Thus, your personal data will always be ready and accurate for any step you may want to take. We will provide a simple explanation of the most important points related to accounting bookkeeping services, examples of them:

Their types, the difference between them and accounting, their form and benefits, with an explanation of the accounting bookkeeping system.

What is meant by accounting bookkeeping?

Accounting bookkeeping: It is the detailed daily recording of all financial transactions, including sales, purchases, and income, in terms of recipient and payee.

This is usually undertaken by an accountant, and it is one of the elements of the accounting process.

What is recorded in the books of financial statements becomes the basis for the various financial reports prepared by accountants.

Commercial bookkeeping

With regard to keeping commercial books, every trader must keep the commercial books required by the nature and importance of his trade in a manner that ensures the following:

  • Accurate statement of its financial position.
  • And a statement of his rights and obligations related to his trade.

These books must be regular and in the Arabic language, and he must keep at least the following books:

  1. The original journal.
  2. inventory book.
  3. General ledger.

Business bookkeeping system

An introduction to the commercial bookkeeping system, which includes:
  1. Requiring every trader whose capital exceeds one hundred thousand riyals to keep commercial books.
  2. Statement of what should be recorded in these books.
  3. Statement of what should be recorded in these books.
  4. Penalties for violating the system and their application.


Related articles:_ The difference between books and accounting records.

_ Accounting major in Saudi Arabia 2023.

_ Financial Accounting.

Business bookkeeping system

Corporate bookkeeping is originally an accounting process (some would refer to it as tedious process) of recording all information related to a company’s financial transactions and activities.

Accounting bookkeeping service

Accounting bookkeeping service

Accounting bookkeeping service aims to help facility owners and decision-makers to access accurate and timely financial reports so that they can take many decisions.

that contribute to the development of the facility and the achievement of its objectives.

CBD Accounting For Financial Consultanting Office Team

The accredited financial office in Saudi Arabia, helps you in accounting control, with daily and direct communication with specialists in financial accounting and taxation,

in order to obtain all information from the appropriate and specialized person.

CBD Accounting For Financial Consultanting

office guarantees to provide you with timely, periodic and accurate financial and tax reports, a specialized and experienced team with more than 500 clients of successful projects in the Kingdom of Saudi Arabia.

To get the service, do not forget to contact us: Click here.

What are the types of accounting books?

There are two basic types of accounting books:

General ledger book

Which, in turn, is divided into many books, namely:
  • Subsidiary ledger of the general ledger
  • Cash Receipt Journal
  • Cash Disbursement Journal
  • Creditor ledger
  • Debtor ledger

General Journals

Many notebooks branch out from the daily notebooks, the most important of which are:
  • Purchase Day Book
  • Sales Day Book
  • Company daily returns books (Return Inward Book)
  • Daily returns books from the company (Return Outward Book)

Format of accounting books

The form of the accounting books has been clarified to you through the following table:

Benefits of accounting bookkeeping

The most important benefits of accounting bookkeeping are:

Record all financial operations that occur in the project as they occur.

Tabulation and classification of financial operations.

Extracting the results of the project’s work and indicating its financial position.

Assisting management in making the right decisions.

You may also be interested in knowing: _ Accounting diploma jobs in Saudi Arabia.

_ The most important accounting offices 2023.

Remote accountant.

What is the function of Bookkeeper?

Bookkeeper Job A bookkeeper is the person who records all financial transactions and agreed accounting principles.

What is the difference between accounting and accounting bookkeeping?

There are three main methods for analyzing financial statements: the horizontal method, the vertical method, and the relative method.

Accounting bookkeeping

While accounting bookkeeping is one of the elements of accounting

It refers to the up-to-date recording of financial information and activities

Accounting

It is a broader and more comprehensive term than accounting bookkeeping

Refers to interpreting, classifying, analyzing, reporting and summarizing financial statements

At the conclusion of our article Accounting Bookkeeping Service in Saudi Arabia, we mention that we, CBD Accounting and Tax Consultancy KSA office, are ready for any accounting consultation or service to satisfy our customers.


The most important points related to corporate accounting bookkeeping have been explained.


The most important sources: www.laws.boe.gov.sa.

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