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Accounting outsourcing business in Saudi Arabia for small companies | UK US Essays
  • March 31st, 2016

Accounting outsourcing business in Saudi Arabia for small companies

Paper, Order, or Assignment Requirements

Important points should be conceder before write the assignment if you cannot follow the instructions below don’t write the assignment.

  • My business name is Trial Balance Solutions company. It is accounting outsourcing business in Saudi Arabia for small companies, it will own by Osama, has got bachelor of accounting, CPA and master of finance and me Ahmed, bachelor of accounting and MBA. We will employ 3 accountants and 2 under graduate students from an accounting college (part time).
  • Statistics:

o Total accounting offices in Saudi Arabia is 153 offices.

o The companies total are 900,000 companies by the end of 2010.

o 5734 companies are new companies in 2010.

o It was difficult for me to market size study in Saudi. However I’ve got market size study in Dubai, which you can use it as similar market like Saudi. You should mention that in the assignment.

  • I need you to create a business canvas in appendix.
  • In fist stage within 2 years: the firm will provide accurate recordings of transactions (book keeping) coupled with proper assessment and processing for small business clients. The secondary streams of revenue can come from small Tax preparation services and the Company can sell advertisement space and products placement for companies that are looking forward to connecting with the demographic that the firm has.
  • Second stage after 2 years: the firm owners will work with software programmer to designed and create their own accounting software. it will offer own accounting software designed to assist small companies and medium save time so you can focus on growing their business. All companies data is saved securely online, which they can access their information and participate with their colleagues and accountant anywhere, any time.

Services

Stage 1

 

Trial Balance Solutions Company will offer the following bookkeeping services by using accounting software such as Quickbooks or Xero:

  • Payroll processing
  • Accounts payable (entry, bill paying)
  • Accounts receivable (entry, invoicing, deposits, collection)
  • Bank reconciliations.
  • Inventory management.
  • Financial statement preparation.
  • Other financial reporting.

To provide a full suite of tax and management accounting services for small businesses, allowing business owners to not only save money over in-house accounting and ensure their compliance with tax laws, but to make valuable management decisions from their numbers and use my partner certificate CPA which gives him the authority to sing on tax report:

  • Tax preparation.
  • Tax planning.
  • Addressing zakat problems.

Stage 2

 

Accounting software service after 2 years will design own software then will offer our customers to use our system:

  • Bookkeeping.
  • Reports.

Latest completed orders:

Completed Orders
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