Accounting is the foundation of a company’s success, and it is on this basis that many decisions are made, and all of an organization’s financial and accounting transactions are recorded, classified, and substantiated — supported by the underlying documents behind those accounts. This work, within a company’s books and financial and accounting systems, is carried out by a member of our professional team, observing all required controls and standards, in order to deliver the organization’s results through financial statements at the end of the fiscal year and reports that help management make relevant decisions based on outputs prepared according to the required professional standards.
Forward-looking, visionary management gives the process of bookkeeping within a company or institution top priority, in line with a legal principle in the State of Qatar that requires companies and institutions to maintain regular accounting books recording all accounting transactions related to economic activity, in preparation for financial statements that show the company’s or institution’s financial position — the basis for the company’s management decisions, in addition to government requirements.
The Purpose of Bookkeeping
Business owners pursue many short-term and long-term objectives in order to obtain the outputs of economic activity, which depend mainly on the bookkeeping process, which serves to:
- Record all financial and accounting transactions and operations carried out within the organization.
- Present accurate data on revenues and expenses at the end of the accounting period.
- Obtain the results of projects and their operations through the accounting books and financial statements for each project individually, as well as the organization’s overall financial position.
- Classify and categorize all accounting and financial operations easily and efficiently, helping management take all sound and correct actions and decisions to serve the organization and safeguard its funds.