Articles and guides on Accounting
Practical guides and the latest articles on "Accounting" from the Snad blog — an integrated business management system for small and medium companies in Saudi Arabia. Written for the Saudi market, so you can understand the topic and apply it in your own business.
21 articles published under this tag
Consignment Accounting: When Consigned Goods Become Revenue
Some goods sit in your shop but are not yours; others sit with your agent and have not sold yet. When does that count as a sale and revenue, and when does it stay a consignment?
Multi-Branch Accounting and Consolidated Financial Statements
You have expanded to two branches or more — so how do you know each branch's profit on its own and see your whole business at the same time?
Freelance and Sole Proprietor Accounting in Saudi Arabia
Working for yourself or running a sole proprietorship? Here is how to organise your income and expenses, keep business money apart from personal money, and get ready for tax.
Provisions and Bad Debts: Recording Losses Before They Hit
Why wait for a loss to materialise before you book it? The difference between a provision and a reserve, and when to write a debt off instead of providing for it.
FIFO vs Weighted Average Inventory Valuation: Which Fits You?
A practical guide to inventory valuation methods in Saudi Arabia: how FIFO differs from weighted average cost, what each one does to profit, Zakat and cost of goods sold, and how to pick the right one.
Saudi Accounting Standards: Full IFRS vs IFRS for SMEs (SOCPA)
Which accounting standard does your business have to follow? A guide to the standards endorsed by SOCPA, the difference between full IFRS and the standard for small and medium-sized entities, and when each one applies.
Is Zakat Charged on Capital, Inventory or Profit? The Complete Guide to the Zakat Base in Saudi Arabia
A precise definition of the zakat base, the official rate (2.5% or 2.578%), and worked examples for Saudi companies
Clinic and Medical Center Management: Billing, Health Insurance, and Doctor Payroll
A practical guide for Saudi clinic owners on running the financial and administrative side professionally — without trading away quality of care
Zero-Based Budgeting (ZBB): How to Build Your Saudi Company's Budget From Scratch Instead of Rolling Last Year's Numbers Forward
The method used by giants like P&G and 3G Capital — simplified for small and mid-sized Saudi companies
Cost Centers: See Which Branch or Activity Actually Profits
The accounting tool that turns a confusing bottom line into precise operational analysis
Monthly Bank Reconciliation: A Practical Step-by-Step Guide
The process small business owners skip, until they discover their mistakes too late
Chart of Accounts: How to Build One From Scratch in Saudi Arabia
The foundational step small business owners skip, then pay for later
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