Accounting Services

At Qma Finance, we offer a wide range of accounting services that ensure the highest levels of transparency and efficiency.

01

Preparing financial statements

We prepare key financial statements, including:

Balance Sheet: Reflects the assets, liabilities, and equity of a company at the end of a given period.

Income Statement: Highlights financial performance in terms of revenues, expenses, and net profit or loss over a specific period of time.

Statement of Cash Flows: Shows the sources of cash inflows and outflows through operating, investing and financing activities.

We attach special importance to the accuracy of data and its compliance with international and local accounting standards (IFRS and GAAP). In addition, we upload these lists to the Ministry of Commerce platforms in a professional and organized manner, while ensuring compliance with local laws and regulations.

02

Accounting and financial analysis

We provide comprehensive services to record every financial transaction with high accuracy using the latest accounting software, ensuring that financial records are kept complete and organized.

Recording daily transactions: such as sales, purchases, payments, and salaries.

Comprehensive financial analysis: Providing periodic reports that demonstrate financial performance, profitability, and operational efficiency.

Strategic Insights: We rely on financial analysis to support management in making informed decisions based on accurate data.

03

Auditing

Reporting: Preparing a comprehensive review report highlighting positive points and areas for improvement.

Compliance check: Ensuring that records are in line with local and international accounting standards.

Error and deviation identification: Detecting and correcting financial errors or incorrect transactions.

Cash flow statement: Shows the sources of cash inflows and outflows through operating, investing and

04

Preparing and analyzing cost accounts

We work on preparing a cost accounting system that enables companies to control their costs effectively.

Identifying the types of costs: direct and indirect, fixed and variable.

Cost analysis: providing strategies to reduce operating costs and maximize returns.

Identifying the types of costs: direct and indirect, fixed and variable.

05

Inventory Management and Cost of Goods Sold Calculation

Inventory Management and Cost of Goods Sold Calculation We provide integrated solutions to simplify the inventory management process and improve its performance.

Inventory Management: Optimize inventory levels to reduce waste and ensure the availability of materials needed for production.

Cost of Goods Sold (COGS) Analysis: Provide accurate reports that help improve profit margins and operational efficiency.

Automation: Use dedicated software to manage inventory and link it to accounting systems to update data automatically.

06

Preparing annual budget estimates and gap analysis

We help companies with financial planning by preparing budget estimates based on accurate analysis.

Preparing annual budget: Determine expected revenues and expenses based on the company's strategic objectives

Gap analysis: Compare actual performance with budget estimates and identify deviations.

Recommendations: Provide strategies to improve performance and reduce gaps.

07

Remote Accounting Services

We provide integrated remote accounting services using cloud computing technologies.

Remote accounting management: Record transactions, prepare reports, and analyze from anywhere.

Secure access: Secure data using advanced protection systems.

Cost reduction: Reduce the need for internal staff and infrastructure costs

08

Internal Audit

We provide internal audit services to ensure transparency and efficiency in all operations.

Financial Operations Review: Ensure compliance with internal and external standards and policies.

Production Operations Analysis: Improve operational processes to ensure highest levels of efficiency.

Reporting: Provide detailed reports containing recommendations to improve performance and reduce risks.

09

Preparing future budget and analyzing actual performance

We develop detailed financial plans and provide periodic analyses to evaluate performance.

Budgeting

A budget is a financial plan that projects future revenues and expenses. By creating a budget, businesses set financial goals for the coming year or period, and allocate specific amounts to each expense item. For example, a budget might specify how expenses will be allocated to salaries, utilities, raw materials, and other costs. This helps establish a framework for tracking financial performance.

Compare actual performance with budget

After a financial period (month/quarter) actual performance is compared with what was budgeted. This means that the company compares the amounts spent with what was planned. If expenses are higher or lower than expected, the reasons behind this are identified. Is there an unexpected cost? Or have some expenses been reduced? This comparison provides a clear view of deviations from the plan.

Data analysis

After comparing actual performance to budget, comes the data analysis stage, where numbers and data are examined to understand the reasons behind the deviations. For example, if variable costs are higher than expected, the reason may be an increase in raw material prices or an increase in production volume. Data analysis allows corrective decisions to be made, such as finding lower-cost alternatives or improving operational efficiency.

Finance company accounts

At Qma Finance, we offer a wide range of accounting services that ensure the highest levels of transparency and efficiency.

Finance companies that deal with goods provide financing services to purchase goods or distribute them to customers, whether through loans, deferred financing, or installment sales.

Managing finance companies’ accounts requires specialized accounting expertise to create a specialized accounting system to serve the field of finance, this field is completely different from other companies in its financial system.

It requires expertise in calculating financing interest and everything related to it from monitoring costs, revenues, and payments due, in addition to recording financial transactions related to various financing.

Our expertise in calculating and managing interest on financing:

Calculating interest on financing is one of the most important accounting aspects for financing companies. We have extensive experience in determining the mechanism for calculating interest based on the type of financing (short or long-term loans, deferred financing) and the method of payment (monthly, quarterly payment, etc.).

Our expertise includes calculating fixed or variable interest, and analyzing the impact of these interests on revenues and future payments.

Managing early payment discount:

Early payment is an option available to customers who wish to pay part or all of the amount due before its due date. We specialize in accurately calculating the early payment discount, according to the agreed financing terms.

We have the ability to analyze the impact of early payment on the company’s financial returns, and adjust accounting transactions to ensure that profitability is not affected.

The accounting software we use allows flexible calculations of discounts, with the possibility of adjusting the percentages based on the contract and the agreed financing terms.

Late Fee Circuit:

The late fee is a tool to encourage customers to adhere to payment dates, and we specialize in calculating late fees according to the approved agreements with customers, whether fixed or variable rates.

We ensure the accuracy of calculating fines based on the amounts due and the days of delay, and we work to automatically update accounting systems to calculate fines immediately and without errors.

Dealing with goods also requires advanced software systems to support accounting operations, including managing customer data, loan accounts, interest, and settlement accounts between companies and customers.

We have very extensive experience in this field from both accounting and software aspects, which helps ensure accuracy in tracking financial transactions, preparing financial reports, and achieving transparency and efficiency in accounting operations related to financing.

Benefit:

Accurate financial management: We have the ability to provide integrated accounting solutions that ensure accuracy and transparency in financing companies’ accounts.

Specialized software systems: Provide flexible software solutions that manage all transactions and payments automatically and effectively.

Achieving financial efficiency: It contributes to improving the financial efficiency of companies by accurately monitoring accounts and providing updated reports.

Tax, Zakat and Customs: Tax Compliance and Strategic Planning

We provide comprehensive tax consulting aimed at ensuring full compliance with tax laws and regulations, in addition to improving efficiency.

Tax and Zakat Management:

Comprehensive Tax Consulting: We provide specialized advice on taxes, zakat and customs to ensure compliance with local laws.

Tax Return Preparation: We prepare and review tax returns with the competent authorities, including preparing financial statements in compliance with the Authority.

Strategic Tax Planning: We help our clients reduce tax liabilities through effective tax strategies.

Customs Report Review: We help ensure compliance with customs requests and organize customs procedures.

Feasibility Studies: Making Strategic Decisions Based on Accurate Data

We provide comprehensive feasibility studies that help companies make sound investment decisions

Preparing Economic Feasibility Studies: We prepare detailed feasibility studies for all projects to ensure accurate assessment of opportunities and risks.

Financial Feasibility Analysis: We provide a comprehensive financial analysis to identify the strengths and weaknesses of proposed projects.

Decision Support: We provide strategic recommendations based on accurate data that helps achieve success and reduce risks.

Financing: Securing the right financing for your business growth

We help our clients secure the financing they need to achieve their ambitions:

Business Evaluation: We assess the current and future financial position of the company and determine its financing needs.

Help you obtain financing: We provide specialized advice to help you obtain the right financing, whether it is investment or bank loans.

Preparing financial files for financing: We prepare a complete financing file containing a detailed financial evaluation to present to banks or investors.

Accounting Software: Advanced Technology for Financial Operations Management

We provide advanced accounting software that aims to improve the accuracy and efficiency of financial operations within companies:

Integrated Accounting Software: We develop integrated accounting software to calculate the estimated budget, compare actual performance with the budget, and analyze data accurately.

Customer Relationship Management (CRM) System: We develop customer relationship management systems to increase the effectiveness of internal communication and organize sales and marketing operations, which enhances productivity and increases customer satisfaction.

Advanced Financial Analysis Systems: We help companies obtain accurate data through advanced accounting software that provides financial analysis that enhances the ability to make quick and effective decisions.

Qma Finance is a company specialized in providing comprehensive accounting services, including budget preparation, account recording, and financial reporting, with a focus on delivering accurate and reliable solutions that support the success of our clients.