Recording of accounts or (bookkeeping):-

detailed daily recording of all financial transactions that occur, Classifying and displaying financial statements, cash flows, the calculating various balances and results, and creating all accounting documents. With the aim of providing an accurate and clear picture of the institution’s status and its assets and obligations.

The accounts are managed in the form of accounting entries as a specific method for restricting accounting operations, in a clearer manner, as they express the exchange of value between the two parties to the financial transaction, i.e. the creditor, who is the party who pays a sum of money or provides a commodity or service, and the debtor is the party who receives the financial value or Take goods or services. It can also be said that the accounting entry is the accounting translation of the financial operations between these two parties

Correct bookkeeping constitutes a reliable material that enables the company to maintain sound accounts and follow up on its various financial flows to build a decision that serves the company’s continuity and development. It is recommended to use accounting programs that provide time and accuracy when entering data for the various operations carried out by the institution, and we can help you in registering your accounts on the QuickBooks program and any other accounting programs

It includes operations (banks) and Recording purchases and sales invoices.

This creates a complete record of all incoming and outgoing funds

Financial reports are prepared with these results to be presented to the beneficiaries and those interested in them

  • The accounts that are registered are divided into main accounts such as assets and liabilities, as well as sub accounts, which are an extension of the main accounts such as fixed and current assets. The accounting operations are also recorded according to the available documents, and the dates of their delivery, and this is done according to certain steps that are as follows:1- Documents are sorted2- Processes are validated and matched3- The correctness of the tax is verified. And then we start the process of registering accounts.

Basics of implementing the service:-

1-Receipt of invoices

2- Organizing, arranging, and sorting them according to

3- Make sure that it belongs to the company

4- Make sure that it belongs to the financial period


Steps to implement the service: –

1- Registration in the general journal, which is a book among the accounting records in which daily operations are recorded, according to their chronological sequence, and are recorded in the form of double daily entries on two parties (debit and credit)

2- Posting to the general ledger, which is a book to which the transactions that took place in the journal are posted to in one account.

General ledger: It concerns the main accounts such as the bank account, cash and customers

Assistant ledger: – belongs to the sub-accounts that follow the main account.

3- Preparing the trial balance: A statement that contains all the accounts in the ledger for a year, and then it is necessary to match the debit side and the credit side within the statement, because the trial balance is the step on the basis of which the formation and preparation of financial statements are made.

4- Preparing the necessary adjustments at the end of the period: the inventory adjustments that are made to ensure at the end of the period for the institution, to know the final result, whether profit or loss, and the statement of the financial position of the institution

5- Preparing financial statements, such as the income statement and the statement of financial position, and these statements are prepared according to the information received from the trial balance, and the income statement contains revenues and expenses, while the statement of financial position contains assets, liabilities (obligations) and property rights.