There are 1 Companies in Saudi Arabia
that provide Bookkeeping Services!

 A modern sector for information and communication technologies is integral to today’s advanced industrial activities.

Saudi Vision 2030 aims to transform Saudi Arabia into a globally competitive ICT hub, with modern technologies and an empowered information society.

The ambition envisages many investment themes, including the development of digital content and media, the expansion of the telecommunication system, the digitization of the country, and the creation of new high-tech and smart industries.

The government is working alongside the private sector to modernize the ICT infrastructure, enhancing the regulatory framework to enable new innovative investments, and building the most suitable ecosystem to support entrepreneurs and digital talents.

Why you should work with Saudi Arabian IT companies

IT is used by the government sector to construct smart cities. It is also used in citizen engagement, which includes digital signs, iBeacons, mobile payments, mobile applications, and smart waste management; for public safety and emergency response, which includes connected officers, intelligent operation centers, and acoustic sensors; for social services like connected caseworkers, food bank inventory, and one-touch emergency response; for environmental monitoring like the study of weather/atmosphere; and to permit and license issuing activities. 

Taking into account that local Saudi IT companies can handle and have expertise in these fields, it is easy to deduct that they can bring something new and innovative on the global market. 

What to be aware of when working with Saudi Arabian IT companies

A low level of utilization across some components of the economy was reflected in the “Digital Middle East” report issued in October by global management consultancy McKinsey, which highlighted that just 15% of small and medium-sized enterprises in Saudi Arabia have an online presence.
 

According to McKinsey, Saudi Arabia’s digital economy contributes 3.8% to GDP, below the regional level of 4.1% and less than half the 8% seen in the US.  The report also noted that Saudi Arabia, along with other countries in the Middle East, had only captured a fraction of its digital potential.

How reliable are Saudi Arabia’s IT companies

IT companies located in Saudi Arabia are considered to be reliable, especially for regional players. The main contributor to the level of trust is the country’s reputation and the role it plays in the region. On the other hand, on a global level, there are not so many Saudi IT companies and web agencies that are popular, which is a good reason for deeper research in the search for an appropriate IT company for each project

How Does the Saudi IT industry relate to the neighboring countries?

Of the nine countries ranked in McKinsey’s Digitisation Index for the Middle East, Saudi Arabia was fourth – behind the UAE, Qatar, and Bahrain – with solid state-based demand offset by weak private sector uptake and only moderate ICT supply and innovation capacity.

Bookkeeping is the process used to record the financial transactions of a company. These services involve tracking how much money enters and exit a firm, such as payments from clients and payments to vendors. 

Did you know that bookkeeping accuracy is critical for company success? According to research conducted by a U.S. bank, 82% of small businesses fail owing to a lack of understanding and management of cash flow, highlighting the need for competent accounting.

Fact about Bookkeeping 

The profession of bookkeeping can be traced back to the 15th century when Italian mathematician Frater Luca Pacioli, known as the father of modern bookkeeping, introduced concepts like double-entry bookkeeping and other accounting systems that are still in use today.

Bookkeeping for every form of business requires various components and stages: 

• Documenting transactions

• Managing debits and credits 

• Processing payments and invoices

• Preparing financial statements (Income Statement, Balance Sheet, Cash Flow Statement, Statement of Owner’s Equity)

• Maintaining general ledgers

Bookkeeping offers the following benefits:

• Increased budgeting

• Simplified tax filing

• Ensuring IRS compliance

• Understanding seasonal business changes

• Monitoring financial metrics (revenue, costs, profitability, etc.)

• Gaining more operational time

How To Find a Bookkeeper

Bookkeepers manage a company's financial accounts, ensuring they are accurate and simple to understand. Their job is critical to the effective operation of a company, which might have many transactions in a single day, or over a week, month, fiscal quarter, or year.

At the moment, TechBehemoths has 25 Bookkeeping service providers. Choose a suitable provider based on their location, reviews, portfolio and hourly rate. Apply our platform filters, get in touch with them and create a contract outlining deadlines, rates, and expectations to ensure everyone is on the same page.

Also, you can submit your project, and we will select companies based on the project description, deadline, budget, and technical speciality for accurate matching.