Bookkeeping Services Bahrain

Bahrain Bookkeeping Services With Seamless Accounting and Financial Reporting Assistance

Get unmatched accounting and financial reporting support
from us and soar high in your future endeavors

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Outsourced Accounting & Bookkeeping Services

Your company’s accounts will be in the best hands with CP Accounting Services Bahrain. We prepare and update your company’s accounts in an orderly, fast and transparent way so that you will have clarity on the economic reality of your business at all times.

CP Accounting Services Bahrain employs the latest technologies to allow its clients to get access to its financial performance reports on a daily basis. Our experts also deliver the aging analysis of inventory, receivables, payables, and the ratio analysis to measure the company’s business performance. We aim to take away the responsibility from your shoulders so that you can pay your undivided attention to maximizing your profits.

bahrain bookkeeping services

Accounting Services Provided

The accounting management that CP Accounting Services Bahrain offers includes a complete control and recording system of expenses and income and other economic operations carried out by your company. These include:

  • Recording day-to-day business transactions such as sales, purchases, expense etc. all at Value/Bill level and complete double entry bookkeeping.
  • Verifying that complete transactions are recorded in the correct day book, supplier’s ledger, customer ledger and general ledger.
  • Maintain complete sets of financial records.
  • Preparing fixed assets schedule and determine depreciation policy.
  • Value Added Tax (VAT) payable and return calculation and reconciliation.
  • Carrying out monthly bank reconciliations.
  • Reconcile all accounts to insure their accuracy.
  • Draw up financial statements (Balance Sheet, Income Statement, and Statement of Cash Flows).
  • Liaison with the external auditor for the finalization of external statutory audit.

Why Hire CP Accounting Services?

Accounting and financial advice is very important when running a business since an expert accountant who is capable of organizing the finances of a company can guide it to success. In addition, through good accounting, you will be able to know in time the amount that you will have to pay for taxes and avoid any penalties that you will be forced to pay in case of default. With the appropriate accounting advice, you will have the possibility to make sound economic decisions regarding all aspects of your business which will reflect positively on your bottom line.

A company that does not maintain proper and up-to-date accounts exposes itself to the risk of mismanagement of resources and is therefore destined to fail. For that reason, CP Accounting Services provides you with Bahrain’s top accounting advisors for the administration of any company, be it small, medium or large. Hire our services for the development of your business.

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VAT Services

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CP Accounting Services – Bahrain reduces the administrative burden and the time dedicated to comply with Bahrain VAT legislations by taking advantage of local experts who have knowledge of the best practices, technology and local processes. Our business model gives you transparency, control and allows you to be aware of any regulatory changes.

VAT is generally subject to constantly changing legislations and policies especially if it is newly implemented such as the case with the Bahrain VAT law. This makes it even more challenging and complex as the financial service team needs to be very proactive in understanding and implementing the latest taxation norms as applicable in the instant case. Through utilizing our VAT services, clients will be able to hand over the responsibility of computing the VAT payable and processing VAT returns. They will be able to focus more on growing their business while we process their returns quickly and accurately.

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Financial Statement Preparation Services

financial statement preparation services

Companies are required to submit audited financial statements on an annual basis to comply with Bahrain’s regulatory requirements. Our team of experts will be happy to help prepare a full set of financial statements for any company operating in Bahrain and provide guidance during financial audits in order to ensure compliance with Bahrain’s regulatory requirements.

A true and fair representation of financial statements is required by any organization in order to facilitate tax preparation or VAT preparation and auditing procedures generally undertaken at the end of the financial year. Although it is not advisable to do so, some companies may opt to postpone the preparation of their financial statements until the end of the year or just before the financial audit. This can be an overwhelming task even for the most experienced accountant. In such cases, professional accounting firms such as CP Accounting Services – Bahrain will be able to provide the required support.

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Accounting Consultations

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Receive advice from accounting experts to alleviate any doubts you may have in accounting matters. Our professionals will analyze your queries and will answer them in a maximum of 72 hours (business hours) based on the most up-to-date IFRS standards and Bahraini commercial and fiscal legislations.

There are some transactions that may occur only once throughout the life of a company. In other cases, the same transaction can have multiple accounting treatments which may all be valid. To help companies wade through the technicalities and complications of financial reporting and report transactions accurately and in the most advantageous manner, you can contact us and ask for consultations on those specific transactions.

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Accounting Support Visits

Bahrain accounting support visits

Companies may have a complete accounting team in place however, at times, they may find themselves in need for extra hands on deck. Instead of hiring redundant employees who will only be really doing any work for a few days in a month, CP Accounting Services Bahrain will be glad to provide qualified accountants to help perform the tasks required on a per hour or per day basis.

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Analytical Reporting

analytical reporting

To make informed decisions, you need accurate information. Most business owners will base their decisions on raw data which can be overwhelming. CP Accounting Services will be able to transform raw data into useful information. The real power of analytical reporting and data visualization lies in its ability to display unexpected findings in a clear and self-explainable manner. To help bring life to data, CP Accounting Services can produce visualized and graphical dashboards that deliver information easily and quickly.

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Outsourced Bahrain Bookkeeping Services

accounting services bahrain

CP Accounting Services – Bahrain understands that not all businesses have the resources available to carry out all their business and accounting management functions. That is why CP Accounting Services – Bahrain provides an outsourced service which includes accounting, management reports, payroll processing, budgeting, VAT return preparation, and financial forecasting.

For small to mid-sized businesses with limited staff and resources, it would be cost effective to opt for outsourced bookkeeping services rather than hiring inhouse accountants. This shall enable such business owners to focus more on business growth and relieve them from the responsibility of maintaining their accounting records.

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