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01. Accounting and bookkeeping
Reliable and timely financial information is not a “nice to have.” Take advantage of the expertise of our certified accountants to set your books in order, and provide you with monthly reports that will help you make informed business decisions.
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02. Accounting software consulting
Adoption of new technology is never easy, which is why Ideal Solution is here to help you assess, select, and implement the right accounting software. An accounting software that meets your budgetary requirements, enables informed decision-making with useful reports, and empowers your finance department through streamlined processes and automation.
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03. Accounting staff training
A well-trained employee, abreast of the latest developments in accounting, is an asset that won’t depreciate over time. Ideal Solutions will help you unlock the full potential of your accountants by identifying knowledge gaps, and designing a customized, hands-on course to address them, covering a range of important topics.
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04. VAT implementation and impact assessment
The introduction of VAT posed new challenges to all, but we’re here to guide you through the complexities of registration and implementation. Our tax experts will help you understand the full impact of VAT on your operations. And make certain you’re ready to file your returns on time.
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05. VAT compliance
If you prefer to look after your business, while our tax experts handle the tax paperwork, Ideal Solution can assist you throughout the process of planning and filing your returns. This way, you can rest assured your business is fully VAT compliant.
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06. Accounting and financial reporting compliance
In an increasingly complex regulatory environment, Ideal Solutions is here to help you adhere to the best practices in accounting. We’ll explain new and daunting changes and ensure your compliance with the IAS and IFRS. What’s the upshot? Financial information that’s useful to both management and external stakeholders.
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07. Financial analysis, financial planning, and budgeting
Achieving your goals requires planning and having critical financial information at hand for informed decision-making. Ideal Solution will keep your business moving forward with actionable insights gained from analyzing your financial performance and position, and with performance forecasts and financial projections.
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08. Profitability and cost-cutting consulting
Businesses are under constant pressure to do more with less; to increase profitability year-on-year. Ideal Solution will make you recognize the link between efficiency and growth through cost-cutting initiatives and organizational transformation. In addition to helping you capitalize on existing growth drivers as well as uncovering new growth opportunities.
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09. Assistance with applying for Tamkeen’s support programs
Regardless of where you are in the business lifecycle, we can help your business take advantage of Tamkeen’s support programs. Our consultants can obtain quotations on your behalf; prepare the required projected financial; and make sure your application is complete, professionally written, and paints your business in a positive light.
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10. Assistance with applying for debt financing
Whether you need to accelerate growth or improve liquidity, Ideal Solution will make sure you put your best foot forward with complete and well-thought-out financial facilities applications. We’ve had a successful track record of helping clients secure financing from Bahrain Development Bank and commercial financial institutions.