BusinessAccounting System Analysis
Gateway Oman Accounting Services in Oman is to deal with fundamental financial duties. Accounting firms in Oman takes the responsibility of keeping the records of all the transactions made within a firm.
We help to implement your accounts in a professional way
Bookkeeping services is the process of keeping records of financial transactions and preparing financial statements, like Balance Sheet and Profit & Loss A/c. With the introduction of various laws, maintaining the books of accounts has become a mandatory compliance requirement, apart from tracking the receivables and payable accounts.
Projects completed for our respected clients.
100% customer satisfied services and supports.
There is no doubt that Accounting is one of the most important functions which has to be performed by a business, but they should pick the suitable accounting system. The process of Accounting System Analysis actually examines the Accounting system followed by the business and also provides assistance in case they are not using the proper accounting systems.
What is Accounting System Analysis?
Accounting System Analysis can be defined as a process in which the present accounting system of the business is examined and evaluated. The people doing the analysis first examine the requirements of the business and then accordingly check if the present accounting system can fulfil the requirement of the business.
The process of Accounting System Analysis can also be used to create a suitable accounting system that can be used by the business. There are three different processes available to a business when availing Accounting System Analysis. These are:
Analysis
Every business that is operating currently is different. It becomes important that a thorough analysis of the business is done first, and then the system of accounting being operated in the business entity is customized accordingly to fit the business needs.
Design
The next division is to design a system that fulfils the business needs as well as the individuals. With the help of advanced technology, the framework of the accounting system could be infused into the system so that activities related to reporting, database storage and data entry could be carried out easily.
Implementation
The implementation phase may take time as it depends upon the business size as well. The accounting system thus developed touches every area of business. It is a complex process and thus might take sufficient time to be get implemented.
Why should you analyse an Accounting System?
It is always good to analyze any domain over a period of time to understand the requirements and fulfil them accordingly. The need to analyse an accounting system is stated below:
- To avoid unnecessary cost related to accounting processes
- To use up-to-date technology
- To rectify loopholes in the system (if any)
- To generate accounting reports easily
- To check if the accounting software is functioning properly
How does Accounting System Analysis help a Business?
Accounting System Analysis should be done periodically so that the management is able to understand the business requirement in terms of accounting. It can assist a business in many ways. Some of the ways by which Accounting System Analysis can help a business are :
- It will help the management in presenting the current situation of the business so that the management will be able to take steps for the betterment of the business.
- The accounting system should be designed and implemented in such a way that the management should be able to understand the requirements of the businesses in an easy manner.
- Assessing the Accounting System from time to time will allow a business to keep itself at par with the ever-developing technologies in the field of accounting and business management.
We worked with reputed companies in the world
We have doing many more reputed companies in oman. We have done with them with 100% satisfied services. Further service providing summaries across the Oman are below.
Pricing plans
Basic Plan
- Quarter VAT Filing
- Bank Reconciliations
- Monthly VAT Summary
- Monthly Basic Reports
Standard Plan
- All Basic Packages Included
- Document Controlling
- Management Reports
- VAT & Tax Consulting
Premium Plan
- All Standard Plan
- Finalization & Reports
- Monthly Payroll Services
- Annual External Audit