FINANCIAL & ACCOUNTING SERVICES IN KUWAIT

Alkhuzam & Co. is your trusted partner for highly effective accounting services in Kuwait, that are customized to match the specific requirements of companies in Kuwait operating in a variety of industries. Whether you are a small startup or a major corporation, we have the knowledge and resources to assist you with managing your finances successfully.

Our team of skilled professionals offer a comprehensive range of accounting services in the Kuwaiti & GCC markets, exclusively tailored to meet the needs of each business work with, ensuring to support & assist business growth.

certified partners

Financial Accounting

Bookkeeping Service

Our Certified Accountants ensures meticulous attention to detail in managing your financial records, keeping them organized & up-to-date according to the latest accounting standards in the Kuwaiti market. We handle all aspects of Bookkeeping to provide you with accurate financial information.

Efficient calculation of employee salaries, annual leave & indemnity with accuracy & in a timely manner, in accordance with the Kuwait’s Labor Laws. We priorities every calculation and guarantee accuracy to maintain harmonious employer-employee relations.

Documentation of all transactions & record of petty cash balance on a regular basis to prevent the misuse of resources & urge transparency in handling small cash transactions. Our accountants ensure that all expenditures are accounted for, enhancing the business integrity, efficiency, & financial operations.

HR/Payroll

Petty Cash Management

Cash Flow Management

We offer a comprehensive cashflow management service aimed to empower your business with financial stability and strategic planning, to track the cash inflows and outflows of your business while improving budget accuracy and enabling precise insights into your business landscape.

In an increasingly competitive business environment, experienced advisory is more important than ever. Morison’s dedicated Accounting Advisory professionals provide our clients with a wide range of high-level consultative services, including:

• Contract Compliance

• IFRS Conversion

• Advisory

With global resources and experience serving medium-sized companies and smaller start-ups alike, our dedicated professionals can help you address the risks, challenges, and opportunities particular to both your business and your industry. While the services we provide are tailored to meet our client’s unique needs, they all are characterized by:

• Senior Level Attention

• Responsiveness

• Quality Service

Accounting Advisory Services

Managerial/ Cost Accounting

Inventory Management

We assist with preventing stock-outs by maintaining a centralized inventory through our inventory management services, designed to streamline your operations, reduce costs & maximize profitability. Our goal is to optimize your supply chain and increase profitability. With our tailored approach, you gain the assurance of consistent stock availability while unlocking newfound efficiencies within your business.

We manage the intricate task of calculating fair distribution percentages or commissions for all your valued vendors/suppliers. Our management of purchase orders guarantees streamlined operations & timely deliveries, fostering strong vendor relationships with your business. We accurately maintain an aged payables summary, providing clear visibility into financial obligations and facilitating proactive decision-making.

Vendors or Supplier Management

Cash Management Strategies

Budgeting & Forecasting

Our Certified Accountants analyze historical financial data, assess market trends & collaborate with the organization’s management to estimate future financials & set budgets using trend analysis, regression analysis & various other techniques. Our team of financial advisors then develops strategic plans customized to the unique needs of each business to effectively manage resources & achieve their financial goals.

By conducting a thorough analysis of the business’s expenses and identifying the areas of inefficiency and overspending, our accountants help implement targeted cost cutting strategies to improve profitability.

Benefits of working with us

• Certified Silver Partner with Xero (an Accounting Software)

• ACCA Certified in International Financial Reporting.

• 10+ years of experience & expertise.

• Personal Accountant assigned per client.

• Quarterly financial & business advisory (if requested).

• Strategically & fairly priced packages.

Schedule a free demo & learn more about how we could assist your financial goals

Get in touch

Got a Question?

FAQs: Finance & Accounts

Why should I hire an outsourced Accountant?

Outsourced accountants have experience working with businesses across multiple industries, allowing them to readily adapt to your specific requirements. Moreover, they often present a cost-effective alternative to hiring an in-house accountant.

How will my financial data be recorded?

All financial data will be recorded in a cloud-based accounting software, which each client can access, view reports and analytics at anytime.

How often will these services be conducted?

All services will be conducted regularly and the assigned team member will maintain regular communication with the client throughout the service.