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Accounting & Bookkeeping Services in Bahrain

Business Setup Worldwide offers the entire range of audit, assurance and accounting services as per the regulatory requirements. Our registered auditors are well aware of the functionality of the financial services industry and adhere to the International standards of Assurance, Auditing, Review, Quality Control, and Other Related Services issued by IFAC (International Federation of Accountants).

Who We Are

Business Setup Worldwide is a platform to help you set up your business. Right from incorporation, registration and licensing to establishing your office space, we facilitate the formation of your company through expert counselling and incubation.

Strong commitment to high quality professionalism, comprehensive capability across varied segments of disciplines, proactive and continuous learning in ever-changing global environment and ability to conceive innovative strategies and provide comprehensive support in executing such strategies distinguish Business Setup and provide the competitive edge in ensuring growth.

Business Setup Worldwide proprietary business design techniques, combined with its specialized industry knowledge and global reach, enable companies to anticipate changes in customer priorities and the competitive environment, and then design their businesses and improve operations to seize opportunities created by those changes.

Why Does a Business Need Accounting and Bookkeeping Services?

As a fledgling business owner, it is convenient to defer accounting work, but letting it pile up can lead to cash crunch or result in a business missing a critical window in controlling. Well organized accounting and bookkeeping services ensure that your business will run more efficiently on a daily basis.

How Does the Process Work?

We make the accounting and bookkeeping process simple and transparent for you.

  • Provide the relevant documents
  • An assigned bookkeeper at Business Setup reviews the documents and carries out the required procedures
  • You can access your financial documents, reports, etc. anytime, anywhere

The services under consideration include account management, financial reporting, budgeting and IFRS implementation.

Why Us

At Business Setup Worldwide, we ensure that you focus on your business idea, while we take care of support functions. We are thorough in our accounting and bookkeeping services, so that you don’t have to bother with it. As a business grows, maintaining finances can get complicated in a foreign country. Our experts are up to the task when it comes to handling company finances and requisite documentation.

Benefits of Taking This Service

  • Barometer of Your Financial Situation: Accounting and bookkeeping provides you with the information that is pivotal to the efficient running of your company. Keeping track of the finances (both short term as well as long term) of the company is a good practice. You remain aware of all income sources, payroll estimations and outstanding bills.
  • Facilitation of Decision Making: If you are well-versed with your bookkeeping records, you would find it simple to make financial decisions. Knowing how much capital you have at your disposal helps you to decide on matters like purchasing inventory or hiring workforce.
  • Safeguard against Financial Malpractice: If your financial books are maintained daily, fraudulent charges can be checked and caught, cheques can be prevented from bouncing, and it can be ascertained whether you have sufficient capital for making payments.

Frequently Asked Questions

How can Business Setup Worldwide help in mergers and acquisitions?

We help our clients oversee successful financial transactions and deals, and create value through acquisitions, disposals, mergers, and restructuring. We can assist a company in both strategy and implementation.

Why are assurance services required?

Assurance services help companies attain their business objectives by providing continuous reporting and mapping of commercial and financial issues, thereby enabling strategic decision making.

What do auditing and assurance services include?

Auditing and assurance services include operational, statutory & compliance audits, due diligence for M&As, corporate governance, financial projections, risk & actuarial assurance, and related services.

Should accounting and bookkeeping be carried out for a company of relatively smaller scale?

Absolutely. Proper accounting and bookkeeping practices right from the start can help measure the financial position of a company, safeguard it against frauds and facilitate decision making.

Which is the regulatory body for accounting, bookkeeping and auditing firms in Bahrain?

The Company Affairs Directorate at the Ministry of Industry and Commerce (MOIC) licenses and registers auditors, auditing firms and accounting/bookkeeping firms.

Which services do accounting and bookkeeping involve?

Accounting and bookkeeping services include, broadly, account management, financial reporting, budgeting and International Financial Reporting Standards (IFRS) implementation.

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