info@mbnaudit.com+974 7708 8575
Your Trusted Financial and Auditing Partner in Qatar

Financial Accounting and Reporting

Outsourced accounting covers day-to-day bookkeeping through to IFRS-compliant financial statements. For companies in Qatar it removes the two most common year-end problems: records that cannot support an audit, and management accounts that arrive too late to act on. Monthly close, reconciliations and reporting are handled on a fixed cycle.

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Tell us what you need and by when. We reply within one business day.

WhatsApp+974 7708 8575info@mbnaudit.com
  • Licensed by MOCI, registered with the GTA
  • Sunday to Thursday, 8:00 to 17:00

A monthly close, not an annual scramble

Companies that close monthly finish their audit faster and cheaper, because the reconciliations are already done and the questions were answered when the answers were still known.

We run a fixed close calendar: bank and control account reconciliations, accruals and prepayments, fixed asset movements, and a management pack.

What you receive

Monthly management accounts with comparatives, aged receivables and payables, cash position, and a short commentary on what moved and why. Year-end statements prepared under IFRS, ready for audit and for the tax computation.

How the engagement runs

  1. Set up

    Chart of accounts, opening balances and a reporting calendar aligned to your obligations.

  2. Record

    Transaction processing and reconciliations on a fixed monthly cycle.

  3. Report

    Management accounts with commentary, not just a trial balance.

  4. Close

    IFRS year-end statements handed to the auditor with the supporting schedules.

Frequently asked questions

What accounting standards apply in Qatar?
Financial statements in Qatar are prepared under International Financial Reporting Standards (IFRS). Using IFRS from the outset avoids a restatement when the accounts are audited or reviewed by a foreign parent or lender.
Do companies in Qatar have to keep accounting records?
Yes. Companies are required to maintain proper books of account supporting their financial statements, and those records must be available for audit and for the General Tax Authority. Poor records are the most common cause of audit delay and tax assessment disputes.
Should we outsource accounting or hire in-house?
Outsourcing usually costs less than a qualified in-house team below a certain transaction volume, and removes key-person risk. In-house makes sense once the volume, complexity or need for daily on-site presence justifies the fixed cost.
How quickly can you produce monthly management accounts?
With records supplied promptly, management accounts are normally issued within two weeks of month end. The constraint is the flow of source documents rather than the processing itself.

Need this done?

Tell us your deadline and we will tell you what is required, what it involves and what it costs.

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Request a free consultation

Tell us what you need and by when. We reply within one business day.

WhatsApp+974 7708 8575info@mbnaudit.com

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