Do I have to use Quickbooks online?
Quickbooks is the leading accounting software for SMEs. Quickbooks online provides you with the added functionality of having access to your books anytime and everywhere. We have chosen QB as our default platform for the benefits it brings; furthermore, standardization allows for efficiency gains that are reflected on our competitive pricing. For special cases, the use of a different accounting system can be evaluated.Less
If I am a new company, do you handle registration in the Tax Department on my behalf?
Do you handle Social Security, and if so what does it cover?*
We register the client company in the social security department and prepare the monthly social security statements.
What do your VAT services cover?
Our services cover the complete cycle – from registration in the FTA, ensuring full compliance with VAT regulation, filing VAT returns, answering enquiries related to VAT law, to attending meetings with FTA officers during audits.
What do you mean by “Transaction”?
Transaction means any event that affects a change in the asset, liability, or net-worth account. Transactions are recorded first in journal and then posted to a ledger and they include; invoice to customer, bill to vendor, check to vendor, monthly payroll and their payments (considered one transaction), customer payment, weekly pettycash (one transaction), other invoices -assets purchases- (each considered one transaction)Less
What does “Virtual CFO” mean?
As companies grow, they start requiring more management accouting and financial planning services. Those are more sophisticated services than the transactional type of bookkeeping and accouting functions and require the knowhow and services of experienced finaincial professionals. By outsourcing this function, you get the services of a CFO while not having to employ one – thus, the term “Virtual CFO”.Less
Do you do auditing as well?
No, we are a specialized accounting firm and we believe in the separation between the two functions. We do however, arrange for auditing services through third parties for our clients who wish to deal with one entity only.
How much do you charge for the accounting services?
Our charging model is based on the level of effort and time each account requires. We do our pricing based on the number of transactions.
What is the engagement model that you follow?
It varies depending on the type of service required. It rages from consultancy to project based or contract for long term engagments. Please contact us for more details
Where do you offer your services?
Currently, the vitual CFO services are only offered in Jordan; we will soon be offering those services as well in Dubai.