Accounting Systems & ERP SOLUTIONS
INTEGRATE YOUR ACTIVITIES IN ONE SYSTEM
Sage 300 ERP , sage 100 partners
In the current highly regulated business environment, a strong accounting software is of vital importance to every business regardless of its type or industry, in order to manage its business transactions and obtain timely financial reports that will enhance the decision- making process. Accounting software benefits are numerous: instant financial results, timely reports, automated banking transactions, track inventory in real-time, online bill invoicing and payments, track expense etc.
Based on your current setup and actual business needs, AccBest will provide professional guidance on suitable accounting software that deals with all accounting, regulatory and reporting requirements including IFRS and VAT, integrated to Human Resources, CRM, Inventory, Point-of-Sale.
Accounting Policies and Procedures
We make your need our priority
A well drafted accounting policies and procedures manual supports the business to better control its operations, segregate duties, remain compliant with applicable accounting standards and regulations and hence be free of regulatory risks exposures.
AccBest will help its clients in designing and implementing accounting policies and procedures for their businesses in order to improve the quality and efficiency of the financial reporting function, and ensure that strong internal control systems are in place.
Management Financial Reporting
Stay on top of your numbers
As finances impact virtually everything else the company does, it’s probably one of the most important aspects a manager must address and always be on top of it. Management Financial Reporting or as it is commonly known as Management Information System (MIS) has several advantages, on top is improving decision making by having timely access to the right type of financial data and accurate information. AccBest team will help you in drafting professional management reports that will meet the Management objectives and satisfy their requirements
HR Policies & Procedures Manual
Strengthen & Know Your Staff Performance
HR Policy document provides the necessary framework to effectively manage people in any organization. HR policies and procedures are an essential part of any organization and provide formal statements of ‘the rules’ that define how an organization operates on a day-to-day basis with respect to its people and communicate organization goals and values. In addition, a formal HR policy document helps to ensure an organization is compliant with the applicable legal and mandatory labor laws. Accbest supports in designing and drafting an updated HR Policies and Procedures Manual.
Value Added Tax (VAT)
Stay Compliant and Risk-free
Being experts in Tax, AccBest will support your business to be ready for and compliant with VAT regulation, a completely new regime in the region. We conduct gap studies to assess businesses exposure to VAT, assess the capability of current systems when time comes for VAT implementation, (1st Jan. 2018 for Saudi Arabia and UAE, year 2019 for Bahrain and Oman), and supports the implementation of proper systems that will meet both the business and regulators’ requirements. Businesses will be required to submit “self-assessed” periodic VAT Returns to the Tax Authority in which businesses calculate the “net” VAT amount and either pay or get a refund. We provide the right support for VAT requirements.
International Financial Reporting Standards
Stay up-to-date with the IFRS
Being a Bahraini Company, AccBest could support Saudi SMEs (required to convert effective Jan. 2018) in their efforts of converting their financials to IFRS. AccBest could support businesses in the preparation of the set of financial statements and disclosures required by the regulator / IFRS. AccBest conducts gap studies for SMEs in order to evaluate their exposure to IFRS, pinpoint the IFRS / IAS that apply to your business, time and amount of work required to fully convert to IFRS. Our methodology to accomplish this highly professional task is supported by our long-diversified experience in the field, with “bilingual” accountants in English and Arabic.
HR AND MANAGEMENT TRAINING
equip your staff with high-level business qualifications
Working with our professional, strategic partners we provide strategic human resources, learning and talent management consultancy services. We always strive for excellence and are consistently recognized as a valuable and resourceful partner by our clients. Together with our partners we uphold the highest standards of integrity and honesty as our corporate philosophy.
With AccBest you will get hands-on, personal service and a consulting team with solid knowledge of your industry. We take a structured approach, and develop custom management training and human resources strategies that ensure you retain the right talent. We are with you, step by step to execute these strategies and guide decision-making along the way.
We provide a variety of training courses; examples: leadership, banking development, sales & marketing, soft skills, coaching skills, stress management, performance management, Six Sigma, time management, presentation skills, negotiation skills, problem-solving, supervision, team work etc.
court accounting reports
helping your business in getting PROFESSIONALLY-drafter reports
In today’s world disputes erupt between businesses on certain accounting related issues. Disputes between businesses normally evolve over assets and liabilities. As accounting experts, and in case of legal disputes, we will help your business to obtain professional legal advice on accounting issues ending up with drafting professional reports that will help in resolving disputes with business(s).
Our long-diversified experience in multi-national organizations will support in providing professional advice and reporting.