Accounting is the systematic and comprehensive recording of financial transactions of a company business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. companies Act No. M/6 of 1965 (Amended in 2015) Saudi Arabia, mandates that maintaining proper account books for at least five years is a legal requirement.
Book Keeping is all about recording a companyâ€™s economic activities in order. The entries are summarized periodically. It was called â€œbookkeepingâ€ because before the computers were born, these were recorded in actual books. But now, transactions are recorded electronically.
ARC Associates has been leading auditing companiesâ€™ offering a wide range of Financial & accounting services for our clients in the global market complying with International Financial Reporting Standards (IFRS). We help to maintain the highest level of professional standards and quality. Being one of the leading accounting firm, we are the right firm to outsource, you will be able to stay on your business, reduce cost, access information (through the outsourced accountants and bookkeepers), get experts and professionals, and avail a wide range of accounting services in Jeddah (Saudi Arabia).
Our service includes:
Forecasts, budgets and projections
Part time & periodic bookkeeping services by qualified and experienced accountants
Evaluation and ensuring accounting & reporting as per IFRS
Periodic financial reports of the business to the management (MIS)
Train & supervise Accountants
Why ARC & Associates?
Regardless of what kind of the industry you are in, it is very important to have clear and concise business accounts. Through outsourcing, you will be able to reduce cost, access information, and get expert option on your business. So, if youâ€™ve been on the hunt for a firm who can provide excellent accounting and bookkeeping services in Jeddah, youâ€™ve come to the right place. We pride ourselves on providing outstanding accounting and bookkeeping services for small- and medium-sized companies.