Accounting & Bookkeeping

Accurate financial record-keeping is the backbone of any successful business. At BAK Accounting Services L.L.C., we understand the crucial role that accounting and bookkeeping play in ensuring the financial health and sustainability of your enterprise. Our dedicated team of experienced professionals is here to provide comprehensive and customized accounting and bookkeeping services to help you stay focused on your core business activities while we handle the numbers.

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  • – Monthly financial reports i.e. balance sheet, income statement, cash flow statements and equity statement
  • – CFO services including budgeting and forecasting of financial performance, financial statements analytical reviews and variances report
  • – Key reconciliations for banks, suppliers and receivables
  • – Keeping fixed assets register
  • – Maintaining payroll data of employees
  • – Maintaining Inventory records
  • – Keeping records of suppliers and customer balances at a particular point in time
  • – Calculation of corporate tax to be recorded in books in accordance with the Federal tax authority regulations
  • – Keeping relevant records and calculation for VAT and Input taxes with calculations to be filed with Federal tax authority
  • – Recommending internal control processes for key business functional processes i.e revenue, purchases, inventory, fixed assets, treasury, to reduce the risk of misappropriation of fraud and error
  • – Coordinating with external auditors and other regulatory authorities to provide required information
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