Accounting outsourcing business in Saudi Arabia for small companies

Accounting outsourcing business in Saudi Arabia for small companies

Important points should be conceder before write the assignment if you cannot follow the instructions below don’t write the assignment. ? My business name is Trial Balance Solutions company. It is accounting outsourcing business in Saudi Arabia for small companies, it will own by Osama, has got bachelor of accounting, CPA and master of finance and me Ahmed, bachelor of accounting and MBA. We will employ 3 accountants and 2 under graduate students from an accounting college (part time). ? Statistics: o Total accounting offices in Saudi Arabia is 153 offices. o The companies total are 900,000 companies by the end of 2010. o 5734 companies are new companies in 2010. o It was difficult for me to market size study in Saudi. However I?ve got market size study in Dubai, which you can use it as similar market like Saudi. You should mention that in the assignment. ? I need you to create a business canvas in appendix. ? In fist stage within 2 years: the firm will provide accurate recordings of transactions (book keeping) coupled with proper assessment and processing for small business clients. The secondary streams of revenue can come from small Tax preparation services and the Company can sell advertisement space and products placement for companies that are looking forward to connecting with the demographic that the firm has. ? Second stage after 2 years: the firm owners will work with software programmer to designed and create their own accounting software. it will offer own accounting software designed to assist small companies and medium save time so you can focus on growing their business. All companies data is saved securely online, which they can access their information and participate with their colleagues and accountant anywhere, any time. Services Stage 1 Trial Balance Solutions Company will offer the following bookkeeping services by using accounting software such as Quickbooks or Xero: ? Payroll processing ? Accounts payable (entry, bill paying) ? Accounts receivable (entry, invoicing, deposits, collection) ? Bank reconciliations. ? Inventory management. ? Financial statement preparation. ? Other financial reporting. To provide a full suite of tax and management accounting services for small businesses, allowing business owners to not only save money over in-house accounting and ensure their compliance with tax laws, but to make valuable management decisions from their numbers and use my partner certificate CPA which gives him the authority to sing on tax report: ? Tax preparation. ? Tax planning. ? Addressing zakat problems. Stage 2 Accounting software service after 2 years will design own software then will offer our customers to use our system: ? Bookkeeping. ? Reports. Important points need to consider when you write the business plan: 1. What is the deferens in my business from others and how I can let them to work with the firm? 2. Some Keys success for my company: ? Build good relationship with customers to feel as though he or she has got five stars treatment at a bargain price. ? I will offer my customers 2 hours live chat online or by phone to lessen to their problems every week and reply to them ASAP. ? I will visit my clients on weekly bases before they ask me. 3. Strong Marketing Campaign using some ideas such as: ? I will make opening day before I start up the business to encourage them to work with the firm. Giving 15% discount for the first 20 less or more. ? SEO MARKETING to increase the traffic to the upcoming online website platform. ? Social media updates, posts and uploads. ? Blog Creation. ? Blog Posts. ? E-mails. ? Word-of-mouth. 4. To increase the number of clients by 15% per year. 5. Expenses: I would like to reduce the cost as much as I can. I am thinking to rent a small office and I can work in customer?s offices by organizing the timetable for my employees to go work in customer?s offices. They can only do the important works in our offices. – Advertising Campaign. – Marketing Campaign. – PR Campaign. – SEO Marketing. – Flyers. – Brochures. – Legal. – Utilities. – Business Licenses. – Office space. – Rent. – Office Equipment. – Office Furniture. – Office Supplies. – Computers. – Desk. – Chairs. – Telephones. – Internet. – Web Maintenance. – Web Development. – Web Design. – Web Hosting. – Salaries. – Consultants. – Employees 3 and 2 part time under graduate students. – Accounting software development 6. Web Plan Summary: The website will be the key to the business. It must be well designed, user-friendly and fully operational at all times. The website will serve both business owners and consumers, so the design must be done by a hired professional with experience with these sites.


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