top of page
Accounting
1.png

- first meeting:

 

At the first meeting, the appointed accounting team leader will be assigned with you to discuss your business and accounting requirements from Bench.

 

The team leader will give you a fair monthly fee based on the size of your transactions, the type of experience required for your business account and the frequency of your financial report

(monthly or quarterly).

 

After signing the accounting services contract, you will have to pay three months' advance fees.

 

You can stop the contract at any time, just give us one month's notice so that we can hand over your books to you.

- Receipt of your monthly documents:

 

We will collect your documents monthly (you or your employee must provide us with all required documents such as bank statements, invoices, receipts etc.) in a timely and organized manner.

 

Note: If your monthly documents are not organized, we will not receive them.

 

Once all required documents have been received, your designated team accountants will begin entering data and preparing the financial report.

 

 

 

- Monthly or quarterly financial report:

 

You should expect your financial report to be ready within 12 business days of submitting all your documents.

 

The team leader will arrange a meeting with you to discuss the financial performance of your company.

- Reviewing financial control systems and developing the necessary tools to reduce business risks, such as trusts, separation of conflicting duties, and monitoring the deposit of sales in the bank.
- Entering and matching monthly sales (cash - K-Net - Visa) and preparing their accounting entries.
- Entering the company’s expenses, cash deposits and bank transfers.
- Reconciliation of bank reconciliations and account statements for suppliers and others.
- Reviewing payroll and incentive statements and matching them with banks and company disbursement vouchers.
- Recording the company's assets and liabilities.
- Recording data related to partners’ rights.

The team also prepares the financial report, which includes the following:

- Issuing a final trial balance after making all adjustments.
- Preparing the monthly income statement (profit and loss) that shows sales, expenses and the resulting profit or loss.
- Preparing the financial position statement (balance sheet) which shows the company’s assets, liabilities and partners’ rights.
- Preparing a cash flow statement to show the company’s available liquidity.

bottom of page