To establish a qualifying public benefit entity UAE, organisations must meet specific government criteria to ensure they align with the...
Bookkeeping is the systematic recording, classifying, and summarizing of financial transactions. It provides a clear and accurate picture of a business's financial health. In Saudi Arabia, businesses must comply with accounting standards and regulations laid down by the Saudi Organization for Certified Public Accountants (SOCPA). These laws ensure financial transparency, promote trust among stakeholders, and support the country’s broader economic goals under Saudi Vision 2030.
At Shuraa Tax, we offer comprehensive bookkeeping services tailored to the specific needs of businesses in the UAE. Whether you’re a small business or a large corporation, our services ensure compliance, accuracy, and financial transparency.
Bookkeeping is the detailed recording of all financial transactions, including income, expenses, assets, and liabilities. It involves maintaining books of accounts, preparing ledgers, and ensuring that all financial statements reflect the business's actual position.
A well-maintained bookkeeping system forms the foundation for financial reporting, auditing, and tax compliance.
Proper bookkeeping plays a pivotal role in managing your business’s financial health. Here’s why it’s indispensable:
Detailed and organized records provide a clear picture of your financial position.
Avoid penalties by meeting the SOCPA-mandated accounting standards.
Make informed decisions based on accurate financial data.
Be prepared for both internal and external audits at any time.
Monitor inflow and outflow for better financial control.
Bookkeeping in Saudi Arabia is essential for businesses of all types and sizes.
The bookkeeping process is systematic and designed for accuracy and efficiency. Here’s how it works:
Each financial transaction is carefully documented to avoid discrepancies.
Transactions are classified under relevant accounts, such as assets, liabilities, or expenses.
Financial records are cross-checked against bank statements to ensure accuracy.
General and subsidiary ledgers are updated and reviewed regularly.
Comprehensive financial statements like income statements, balance sheets, and cash flow reports are prepared.
Regular reviews ensure the records align with legal requirements and business objectives.
Bookkeeping services in Saudi Arabia are crucial for businesses to maintain accurate financial records, comply with regulations, and make informed financial decisions. These services typically include the following:
Outsourcing bookkeeping in Saudi Arabia is an efficient way to save time, reduce costs, and ensure expert management of your financial records. Here’s why outsourcing makes sense:
Benefit from the skills of experienced accountants and bookkeepers.
Save on hiring, training, and maintaining an in-house accounting team.
Devote your time to strategic business growth while we manage your finances.
Stay aligned with local financial laws and regulations.
Easily scale your bookkeeping services as your business grows.
Outsourcing to a trusted partner like Shuraa Tax ensures your financial records are in safe hands.
Alongside bookkeeping, Shuraa Tax offers a broad spectrum of financial and taxation services, including:
Our goal is to provide end-to-end solutions to help you focus on what matters most—growing your business.
With over 23 years of experience, Shuraa Tax stands out as a trusted partner for businesses across the GCC. Here’s why you should choose us:
Proficient in SOCPA standards and other regulations.
Tailored services to match your business needs.
No hidden costs or surprises.
From bookkeeping to VAT, audits, and more.
Trusted by thousands of businesses across the UAE and GCC.
Transform the way you manage your finances with Shuraa Tax. Let us handle your bookkeeping while you focus on growing your business. Contact us today for a free consultation and discover how we can simplify your financial processes in Saudi Arabia.
All businesses, from startups to large corporations, can benefit from professional bookkeeping services in Saudi Arabia to ensure compliance and financial clarity.
Outsourcing is cost-effective compared to maintaining an in-house team, as it saves on recruitment, training, and overhead expenses.
Zakat is an obligatory charity in Islam, levied at 2.5% of a business’s eligible net wealth. Accurate bookkeeping is crucial to calculate and pay Zakat correctly.
Saudi Arabia does not impose personal income tax, but foreign businesses are taxed at 20% on profits. Local businesses pay Zakat instead of income tax.
It's recommended to update your records daily or weekly, depending on transaction volume, to ensure accuracy and timely reporting.
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A group of experienced and qualified tax agents, accountants, auditors & finance advisors based in Dubai, UAE.
