General Accounting
At Tadween, we offer comprehensive accounting services, starting with setting up a tailored Chart of Accounts to ensure accurate financial management from day one. Our expert team helps establish a robust framework that supports your current and future business needs, planning for growth and scalability.
We provide a full range of services, including General Ledger Maintenance, Accounts Receivable and Payable, Bank and Credit Card Reconciliation, Financial Statement Preparation, and Payroll Processing. With our dedicated approach, we ensure your financials are organized, accurate, and ready for success—so you can focus on growing your business.
Charting of Accounts
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The chart of accounts for any business is a plan. It is a guide of all the accounts where the company documents its financial information. The chart of accounts is a listing of all the company’s account names and numbers where it records all of its financial transactions.
Setting up the Chart of Accounts
- When you start a new business, you set up your chart of accounts as a first step in establishing your company’s accounting system.
- When you set up your chart of accounts, think of the future. Don’t just think about the accounts you need for your business now. Think of the accounts you may need 5 or 10 years down the line and include those in your chart.
- Outsource this task to us and benefit from accurate services.
General Ledger Maintenance
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General ledger accounting is the offset of an effective accounting system. Diligent general ledger entries ensure accurate entries of the debits and credits, assets and liabilities, thereby resulting in clean and consistent general ledger accounting process. General ledger acts as a base for making important financial statements.
Outsourcing general ledger accounting services to Tadween gives you the ability to make informed decisions with the help of clear-cut general ledger reports.
Accounts Receivable Services
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Our Accounts Receivable Outsourcing Services enable our customers to effortlessly deal with this key finance function that impacts cash flow and is very essential for maintaining a strong business.
Allowing our clients to boost their control on every account with constant follow-up on outstanding invoices, and extensive reporting on account activity, our Accounts Receivable Services facilitate quicker payments and improved cash flow. Outsource Accounts your Receivable Services to Tadween and benefit from accurate services.
Our services include the complete range of Accounts Receivable Services as:
- Billings preparation
- Record and account for revenue
- Entering receivable transactions into the accounting system
- Preparing and delivering periodic statements
- Maintaining subsidiary receivables ledger
- Carrying out process adjustments approved by the customer
- Preparing accounts receivable reports
Accounts Payable Services
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We provide Accounts Payable services using automated processes and reporting tools that cut down discrepancies while affording improved financial control and improved profits. With the accurate blend of processes, procedures and technology, Tadween generates a modular approach in AP management. Its AP solution consists of an integrated suite of services that streamline accounts payable functions.
Our services include the complete range of Accounts Receivable Services as:
We handle the receipt and management of all payable’s documents.
We assist data entry of all payables transactions, management of electronic invoice and initiate the automated workflow.
Tadween sustains all parts of payment process including cheque processing, expense claim printing and allocation, electronic payment management, returned check processing and other disbursement related services
Tadween ensures Vendor Master Sheets are updated and kept online and Liabilities are verified against agreed Purchase orders. It confirms transactions for accuracy, updates books for recording transactions and payments and undertakes periodic reconciliation with Vendor Statement of account.
Reconciliation of Bank Accounts and Credit Cards
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As you spend or receive money, the transaction is recorded electronically in your bank account or credit card statements. There may be huge amount of transactions on daily basis! It might so happen that it creates a complex and confusing statement making it difficult to reconcile both statements you have in your hands creating a need for services of an expert.
Our experts can help to explain that confusion by enabling you to outsource accounts reconciliation services to us.
Ledger Reconciliation with Vendors & Buyers
When there is difference between your accountant statement and statement sent by client or any vendor, there is a need to reconcile both the accounts manually or electronically. We will reconcile all your accounting whether payable or receivable with concerned party or client.
A preliminary list of reconciliation services offered at Tadween is:
- Periodic reconciliation of your bank statements with your internal financial records
- Periodic reconciliation of your Trade Accounts and Credit Card accounts
- Reconciliation of your General Ledger with vendor invoices
- Full and Partial reconciliation
- Other tailored reconciliation processes
Preparing Financial Statements
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Our bookkeeping services provide well-organized financial statement preparation records to ensure that your business accounting operation is efficient and successful. We work hard to prepare your financial statements and to make your business processes easier and more competitive.
Our highly skilled financial statement preparation professionals help you record and track past events, and help you plan for the future. We have skilled professionals to help you in your financial accounting needs.
Our financial statement preparation services include:
- Trial Balance
- Profit and Loss Account
- Balance Sheet
- Cash Flow
- Retained Earnings Statement
- Statement of Cash Flows
- Accounts Payable and Accounts Receivable aging
- Customized reports according to the Client’s
Payroll Processing
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In any business, it is important to ensure that timely and appropriate payments are made to the employees to maintain their level of satisfaction and keep them motivated.
It’s more than ‘handling your payroll’. We become your payroll department; getting under the skin of your business to understand who you are, what you do and what you need. That’s how we create a payroll service that delivers exactly what your business needs now and will keep delivering what your business needs in the future.
Tadween experts can provide a payroll service at a cost much less than what most businesses incur as payroll fees in country.
What we do ?
- Initial Payroll Set up
- Prepare and file GOSI.
- Handling of monthly payroll services.
- Complete payroll prints, signs and distributes paychecks
- Handling GOSI/LMRA calculations and payment to GOSI/LMRA authorities
- Prepare department summaries of month-to-date payroll data in addition to customized reports specific to Client
- Respond to employee payroll inquiries