At Fanoos Accounting, we provide high-accuracy bookkeeping services at the most competitive prices for organizations operating in Kabul, Afghanistan. Our expertise covers both NGOs and businesses, ensuring compliance, efficiency, and transparency in financial management. We leverage our deep accounting knowledge and cutting-edge tools to support our clients with reliable and precise bookkeeping solutions.

Our Bookkeeping Services

1. Cash Book Maintenance

Managing cash flow effectively is critical for any organization. We ensure systematic recording of all cash transactions, helping businesses and NGOs maintain an accurate and up-to-date cash book.

Our services include:

• Recording daily cash inflows and outflows with precision.
• Reconciling cash balances to prevent discrepancies.
• Generating periodic cash flow reports for informed decision-making.

2. Payroll Calculation

Efficient payroll management is essential for compliance with labor laws and ensuring employee satisfaction.

Our payroll services include:

• Accurate calculation of salaries, deductions, and allowances.
• Compliance with Afghanistan’s tax and labor regulations.
• Preparation of payslips and payroll reports for management and audit purposes.

3. Vouchers Preparation

Proper documentation of financial transactions is essential for transparency and compliance.

We provide:

• Preparation of payment, receipt, journal, and adjustment vouchers.
• Categorization and coding of transactions according to accounting standards.
• Archiving vouchers in a structured manner for easy retrieval during audits.

4. QuickBooks Data Entries

As experienced QuickBooks professionals, we ensure accurate and efficient data entry for seamless financial management.

Our services include:

• Posting transactions into QuickBooks with correct classifications.
• Bank and ledger reconciliations to maintain accuracy.
• Customizing reports to provide clear financial insights.

5. Financial Reporting

Timely and accurate financial reporting is crucial for stakeholders and regulatory compliance.

We assist in:

• Preparing financial statements, including income statements, balance sheets, and cash flow statements.
• Generating donor-specific financial reports for NGOs.
• Ensuring compliance with international and local financial reporting standards.

6. Bank Reconciliation

Maintaining accurate bank records is crucial for financial accuracy.

Our bank reconciliation services include:

• Comparing bank statements with accounting records to identify discrepancies.
• Adjusting records to reflect accurate cash positions.
• Detecting and preventing fraudulent transactions.

7. Remote Accounting Services

We provide high-quality remote accounting services for businesses and organizations worldwide, including the USA, Canada, the UK, Arabic countries, South America, and Australia. Our remote accounting solutions cover:

• Dext Management: Uploading receipts and processing them for accurate financial recording.
• QuickBooks Online (QBO) Services: Posting and matching transactions to ensure proper categorization.
• Keeper Application Review: Conducting thorough financial data reviews to maintain accuracy and compliance.

Pricing

Our service charges are based on the volume of transactions and the location of the organization. Pricing starts from $90-300 per month, with the exact amount finalized after an assessment, proposal submission, and contract agreement.

For remote accounting services, our monthly charges start from $300 up to $700, depending on the volume of transactions and the number of clients.

Why Choose Fanoos Accounting?

• High Accuracy & Professionalism: Our team ensures meticulous attention to detail in every financial transaction.
• Cost-Effective Solutions: We offer the most competitive pricing without compromising service quality.
• Experienced Accounting Experts: With deep industry knowledge, we provide tailored solutions to meet your needs.
• Quick & Reliable Services: We ensure timely completion of all bookkeeping tasks to help your organization stay financially organized.
• Compliance & Transparency: Our services adhere to local tax laws and international accounting standards.

Contact Us

If you are an NGO or business in Kabul looking for professional bookkeeping services with accuracy, compliance, and affordability, Fanoos Accounting is your trusted partner. Contact us today to learn how we can support your financial operations effectively.

Website: www.fanoosaccounting.com
Email: info@fanoosaccounting.com
WhatsApp: +93799764533

Transitioning to a Paper-Free Organization: Stakeholder Actions and Impacts

As businesses strive for efficiency, sustainability, and cost-effectiveness, many are choosing to become paper-free organizations. This transformation involves replacing physical documents with digital alternatives, utilizing cloud-based accounting, e-signatures, digital invoicing, and automated workflows. While the transition brings significant benefits, it also requires coordinated actions from various stakeholders.

Why Businesses Go Paper-Free

A company may decide to become a paper-free organization due to several reasons, including:

• Cost Reduction: Eliminating printing, storage, and paper-related expenses.

• Efficiency & Productivity: Faster access to digital records and streamlined workflows.

• Environmental Responsibility: Reducing paper waste and carbon footprint.

• Compliance & Security: Improved data security and adherence to regulatory standards.

• Remote Work Adaptability: Enabling cloud-based collaboration for distributed teams.

Stakeholder Actions in a Paper-Free Transition

Each stakeholder group plays a key role in ensuring a successful transition to a paper-free environment.

1. Internal Stakeholders

• Employees

  • Must adapt to digital tools for document sharing, approvals, and reporting.

  • Require training on new systems such as digital accounting platforms and cloud storage.

  • Should follow new policies for handling digital documents securely.

• Managers & Executives

  • Lead the transition by setting clear digital policies and expectations.

  • Invest in appropriate software and cybersecurity measures.

  • Monitor productivity and ensure that digital workflows are effectively implemented.

• Shareholders/Owners

  • Assess cost savings and efficiency improvements.

  • Approve investments in digital transformation technologies.

  • Monitor the impact on financial reporting and business scalability.

2. External Stakeholders

• Customers

  • Adapt to digital invoicing, online contracts, and e-receipts.

  • Benefit from improved service efficiency and faster processing.

  • Engage with customer portals for digital communication instead of traditional mail.

• Suppliers & Vendors

  • Shift to electronic transactions, e-procurement, and automated invoicing.

  • Ensure compatibility with the company’s digital systems for seamless collaboration.

• Government & Regulatory Bodies

  • Enforce compliance with e-signature laws, data security regulations, and financial reporting standards.

  • Require electronic tax filing and compliance documentation.

• Banks & Financial Institutions

  • Facilitate digital transactions, online banking, and automated payroll processing.

  • Ensure cybersecurity measures for digital financial operations.

• Community & Environmental Groups

  • Support businesses adopting eco-friendly practices.

  • Recognize and reward sustainable business initiatives.

How Fanoos Can Help Businesses Go Paper-Free

At Fanoos Accounting Services, we assist businesses in transitioning to a paper-free environment by:
✅ Implementing Digital Accounting Systems – Helping businesses move from paper-based bookkeeping to cloud-based solutions like QuickBooks, Xero, and Dext.
✅ Optimizing Financial Workflows – Automating invoicing, payroll, and financial reporting to improve efficiency.
✅ Ensuring Compliance & Data Security – Providing guidance on digital document management and regulatory compliance.
✅ Training Teams on Digital Financial Tools – Educating employees on using secure and efficient digital accounting solutions.

By adopting a paper-free approach, businesses enhance efficiency, reduce costs, and contribute to sustainability while maintaining strong stakeholder relationships.

Stakeholders and Their Classification

In the world of business and finance, the concept of stakeholders plays a crucial role in decision-making, strategic planning, and long-term sustainability. Stakeholders are individuals or groups that have an interest in or are affected by a company’s actions, objectives, and policies. Understanding stakeholder classification helps organizations effectively manage relationships, allocate resources, and enhance overall corporate performance.

Who Are Stakeholders?

Stakeholders are entities that can influence or be influenced by a company’s operations. They may include employees, customers, investors, suppliers, government bodies, and the community at large. The interests of stakeholders vary widely, making their classification essential for addressing their concerns efficiently.

Classification of Stakeholders

Stakeholders can be classified in various ways based on their relationship with the organization, level of influence, and the nature of their interest. The primary classifications include:

1. Internal vs. External Stakeholders

Internal Stakeholders:

These are individuals or groups within the organization who have a direct interest in its operations and success. Key internal stakeholders include:

• Employees: They depend on the company for income, job security, and career growth.
• Managers and Executives: They are responsible for decision-making and ensuring the company’s success.
• Shareholders/Owners: They have a financial stake in the company and expect profitability and return on investment.

External Stakeholders:

These stakeholders exist outside the company but are still impacted by its activities. They include:

• Customers: Rely on the company for quality products and services.
• Suppliers: Provide essential goods and services and expect timely payments.
• Government and Regulatory Bodies: Ensure compliance with laws, taxation, and industry regulations.
• Community and Society: Are affected by corporate social responsibility initiatives, environmental impact, and economic contributions.

2. Primary vs. Secondary Stakeholders

Primary Stakeholders:

These are individuals or groups directly engaged with the organization and essential to its survival. Examples include employees, investors, and customers.

Secondary Stakeholders:

While they are not directly involved in the company’s operations, they still influence or are influenced by its actions. Examples include media, advocacy groups, and trade associations.

3. Direct vs. Indirect Stakeholders

Direct Stakeholders:

They are directly impacted by the company’s decisions and operations. Employees and customers fall into this category.

Indirect Stakeholders:

They are affected by the company’s actions in a broader sense, such as government agencies and environmental organizations.

4. Voluntary vs. Involuntary Stakeholders

Voluntary Stakeholders:

These stakeholders willingly engage with the organization, such as investors and business partners.

Involuntary Stakeholders:

These are groups affected by a company’s operations without their direct involvement, such as local communities impacted by environmental policies.

Why is Stakeholder Classification Important?

Understanding and classifying stakeholders helps businesses:

• Prioritize Engagement: Identify key stakeholders to foster strong relationships.
• Manage Risks: Address concerns before they escalate into major challenges.
• Enhance Decision-Making: Consider diverse perspectives for well-rounded corporate strategies.
• Improve Reputation: Build trust with stakeholders, enhancing brand image and market position.

How Fanoos Can Help Business Owners

At Fanoos Accounting Services, we understand the importance of managing stakeholders effectively to ensure business success. We offer tailored financial and accounting solutions that help business owners:

• Optimize Financial Management: Our expert accounting services ensure accurate bookkeeping, tax compliance, and financial reporting.
• Enhance Decision-Making: We provide financial insights and analysis to help businesses make informed strategic decisions.
• Ensure Regulatory Compliance: We assist with compliance requirements to prevent legal and financial risks.
• Improve Business Efficiency: Our accounting tools and advisory services streamline financial operations, allowing business owners to focus on growth.
• Stakeholder Communication: We help businesses prepare clear financial reports for investors, banks, and regulatory authorities.

By partnering with Fanoos, business owners can gain financial clarity, enhance their stakeholder relationships, and achieve long-term growth and sustainability.

Conclusion

Stakeholders are integral to an organization’s success, and their classification allows businesses to effectively manage relationships and align objectives with stakeholder expectations. Companies that proactively engage with their stakeholders create sustainable growth opportunities, strengthen their corporate reputation, and ensure long-term success.

By understanding stakeholders and their classifications, businesses can develop strategic initiatives that drive mutual benefits, fostering trust and collaboration in an ever-evolving corporate landscape.

Free Excel Voucher Template – Simplify Your Financial Records!

Keeping track of your financial transactions doesn’t have to be complicated. I’ve designed a professional voucher format in MS Excel that’s easy to use and helps you maintain accurate financial records—whether you’re running a small business, managing an NGO, or just need a better way to organize your expenses.

Why You’ll Love This Template:

✅ Simple & User-Friendly – No complex formulas, just a clean and efficient layout.
✅ Automated Calculations – Say goodbye to manual errors and miscalculations.
✅ Professional Design – Looks great and is ready for business use.
✅ Fully Customizable – Adjust it to match your company’s needs.

Who Is This For?

If you’re a business owner, accountant, freelancer, or finance manager, this template is designed to make your life easier. Download Link

Looking for More?

Beyond this free voucher format, I specialize in helping businesses create financial policies, SOPs, and accounting systems that actually work. If you need:
📌 A structured financial policy for your organization
📌 Clear, easy-to-follow accounting SOPs
📌 Custom bookkeeping templates that fit your workflow
📌 Expert guidance on setting up an efficient accounting system

I’m here to help. Let’s talk and see how we can streamline your financial operations.

PwC’s “Doing Business in Oman – Tax and Legal Guide” provides a comprehensive overview of the taxation and legal landscape for businesses operating in Oman. The guide serves as an essential resource for investors and companies seeking to understand the regulatory environment in the Sultanate.​

Country Overview

Oman, strategically located in the south-eastern quarter of the Arabian Peninsula, has a population of approximately 4.8 million, with expatriates constituting nearly 46% of the populace. The nation has historically leveraged its strategic location as a trading hub and is now aiming to become a global logistics center. Arabic is the official language, but English is widely used in business contexts. In the World Bank’s ‘Ease of Doing Business 2020’ report, Oman improved its ranking to 68th, reflecting ongoing efforts to enhance the business environment. ​

Legal and Regulatory Framework

Oman operates under a civil law system influenced by Islamic Shari’a principles. The primary sources of law include the 1996 Basic Statute of the State and Islamic Shari’a. The Basic Law designates Islam as the state religion and Shari’a as the foundation of legislation, particularly governing family law and inheritance matters. The Commercial Court handles commercial disputes, with judges interpreting agreements to reflect the original intentions of the parties involved.

Establishing a Business

Foreign investors can establish operations in Oman through various structures, including:​

• Limited Liability Company (LLC): This is the most common form, requiring a minimum of two shareholders and a capital contribution as stipulated by law.​

• Joint Stock Company: Suitable for larger investments, this structure can be public or closed, with specific capital requirements and shareholder structures.​

• Branch: Foreign companies can operate through a branch in Oman, subject to obtaining the necessary licenses and approvals.​

Each structure has distinct legal and regulatory requirements, and investors should choose the one that aligns best with their business objectives. ​

Taxation

Oman’s taxation system encompasses several key components:

• Corporate Income Tax (CIT): A standard rate of 15% applies to all taxpayers, except for Omani proprietorships and LLCs that qualify as small and medium enterprises (SMEs), which are taxed at a reduced rate of 3%, provided they meet specific criteria. ​

• Value Added Tax (VAT): Implemented in April 2021, Oman introduced a VAT at a standard rate of 5%, with certain exemptions and zero-rated supplies as specified under the Oman VAT Law. ​

• Withholding Tax (WHT): A 10% WHT is levied on specific payments made to non-residents, including dividends, interest, and royalties. ​

• Customs Duties: A standard customs duty rate of 5% is applied to most goods imported into Oman, with certain goods subject to different rates. ​

Recent Legal Developments

Oman has enacted several laws to diversify its economy and improve the business environment:​

• Foreign Capital Investment Law (FCIL): Introduced to encourage foreign investment by providing a clear framework and incentives for investors. ​

• Public-Private Partnership (PPP) Law: Aimed at stimulating efficiency and quality in public services by involving the private sector in executing projects in partnership with the government.

• Privatisation Law: Regulates public projects awarded to private sector companies, facilitating the transfer of certain public sector services and assets to private entities.

• Bankruptcy Law: Provides a legal framework for bankruptcy cases, complementing provisions in the Commercial Companies Law related to dissolution and liquidation. ​

PwC’s guide offers an in-depth analysis of these aspects, serving as a valuable resource for businesses and investors considering operations in Oman. For a detailed understanding, readers are encouraged to consult the full guide.

For more information you can dowland the guide from here!

Continue reading “Doing Business in Oman”

QuickBooks Online Glossary: Your Ultimate Guide to Essential Accounting Terms

For business owners, accountants, and bookkeepers, QuickBooks Online (QBO) is a powerful tool that simplifies financial management. To maximize its potential, understanding the key terms and features within QBO is essential. This glossary provides a comprehensive guide to the most important terms and functions in QuickBooks Online.

Why Use This QuickBooks Online Glossary?

Whether you’re a business owner managing finances or an accountant handling multiple clients, knowing the terminology helps streamline your workflow. With this glossary, you can:

Improve efficiency in using QuickBooks Online.

Reduce errors in financial transactions.

Gain clarity on essential accounting terms.

Key QuickBooks Online Terms Explained

1. Accountant Tools: A special dropdown menu available only to accountants using QuickBooks Online Accountant. It includes features like Voided and Deleted Transactions, Reclassify Transactions, and Write Off Invoices.
2. Accounts Payable (A/P): The total amount a business owes to suppliers for goods and services received but not yet paid. It appears as a liability on the balance sheet.
3. Accounts Receivable (A/R): The total amount a business is owed by customers for goods or services provided but not yet paid for. It represents outstanding invoices.
4. Accrual-Basis Accounting: A method where income and expenses are recorded when they are earned or incurred, regardless of when cash is received or paid.
5. Bank Feeds: A feature that connects QuickBooks Online to a business’s bank accounts, allowing automatic transaction imports for easy reconciliation.
6. Chart of Accounts: A categorized list of financial accounts used to track transactions. QuickBooks Online provides a default chart of accounts, which can be customized.
7. Closing the Books: A process that locks past financial transactions to prevent changes, ensuring data integrity for tax filing and financial reporting.
8. Reconciliation: The process of matching QuickBooks Online transactions with bank statements to ensure accuracy in financial records.
9. Invoice: A sales form sent to customers requesting payment for products or services provided. It includes payment terms and due dates.
10. Vendor Credit: A record of a refund or credit from a vendor, which can be applied to future purchases or bill payments.
11. Undeposited Funds: A temporary account that holds received payments before they are deposited into the business’s bank account.
12. Recurring Transactions: A feature that automates repetitive transactions, such as monthly invoices or expenses, to save time.
13. Profit and Loss Report: A financial statement summarizing revenue, expenses, and net income over a specified period, providing insights into business performance.
14. Journal Entries: Manual entries used to adjust accounts and record debits and credits in the general ledger.
15. Custom Fields: Personalized data fields that allow businesses to categorize transactions and reports based on unique criteria.

How Fanoos Accounting Services Can Help

At Fanoos Accounting Services, we specialize in helping businesses optimize their use of QuickBooks Online. Whether you need assistance with setup, bookkeeping, or financial reporting, our team is here to support you.

If you want to take full advantage of QuickBooks Online, Click here to download the QuickBooks 

Professional & Affordable Financial Solutions for Your Business

At Fanoos Accounting Services (FAS), we provide remote bookkeeping and accounting services tailored for businesses in Canada and the USA. With over a decade of experience in financial management, taxation, and accounting software solutions, our team ensures that your business’s financial records are accurate, compliant, and up to date.

Whether you’re a small business, startup, e-commerce seller, contractor, or nonprofit organization, we offer cost-effective monthly, quarterly, and annual bookkeeping services to help you stay financially organized and tax-ready.

Why Choose Us?

• ✅ Experienced & Certified – Led by Mohammad Aman Ahmadi, a QuickBooks Online ProAdvisor & Ontario CPA firm accountant
• ✅ Affordable Pricing – Get professional accounting at lower costs than hiring an in-house bookkeeper
• ✅ Industry-Specific Solutions – Serving e-commerce businesses, contractors, consultants, and nonprofits
• ✅ Advanced Accounting Software – Expertise in QuickBooks Online, Xero, MYOB, Dext Prepare, Dext Precision, and Keeper App
• ✅ Fully Remote & Hassle-Free – We handle your books so you can focus on growing your business

Our Services

1. Bookkeeping & Transaction Management

We take care of all your bookkeeping needs, ensuring that your transactions are accurately recorded and categorized. Our services include:
📌 Recording and categorizing transactions in QuickBooks Online, Xero, MYOB, and Dext
📌 Bank reconciliation – Matching bank records with your financial statements
📌 Transaction review – Categorizing transactions as expenses, assets, or income
📌 Managing transfers, deposits, and tax payments

2. Sales Tax & Compliance Management

Staying compliant with tax regulations is essential. We help with:
📌 Sales tax management – HST, VAT, and GST filing & reporting
📌 Splitting payroll tax payments – EI Payable, CPP Payable, Federal Payable, and GST suspense
📌 Handling payroll tax and remittances

3. Payroll Processing & Financial Reporting

📌 Payroll journal entries & Telpay clearance account management
📌 Weekly and monthly sales recording
📌 Financial reporting for business performance tracking
📌 Manual QuickBooks file review & optimization using Keeper App & Chrome Extensions

4. Client Communication & Support

📌 Document requests & audits – Ensuring accuracy and compliance
📌 Bank account connection & secure transactions upload
📌 Monthly financial statements & business insights

Pricing Plans

We offer flexible and affordable pricing plans to suit your business needs:

✅ Monthly Bookkeeping: Starting at $150 per month
✅ Quarterly Bookkeeping: Starting at $300 per quarter
✅ Annual Bookkeeping & Tax Support: Custom pricing available

💡 First Month FREE for New Clients!

Who Can Benefit from Our Services?

✅ Small Business Owners – Save time and focus on growing your business
✅ E-commerce Sellers – Manage transactions, reconcile sales, and track expenses
✅ Startups & Entrepreneurs – Get accurate books and financial insights
✅ Contractors & Freelancers – Stay organized and tax-compliant
✅ Nonprofit Organizations – Maintain accurate records and meet reporting requirements

Get Started Today!

🚀 Ready to simplify your accounting and bookkeeping? Contact us for a FREE consultation and let our expert team handle your financial records with precision and care.

📞 WhatsApp: +93 799764533

Join the Institute of Public Accountants (IPA) – Your Path to Professional Recognition

At Fanoos Accounting Services (FAS), we are proud to support professionals and students in advancing their careers by becoming members of the Institute of Public Accountants (IPA). Established in 1923, the IPA is one of Australia’s three recognized professional accounting bodies, with a global network of over 50,000 members in more than 100 countries.

Why Join IPA?

Global Recognition:
IPA is a full member of the International Federation of Accountants (IFAC) and the Confederation of Asian and Pacific Accountants (CAPA), giving you access to global opportunities and recognition.

Legislative and Government Recognition:
IPA members are recognized as Qualified Accountants by the Australian Government and enjoy equal standing under ASIC (Australian Securities and Investments Commission) rulings.

Career and Migration Support:

• Access professional resources, training, and networking opportunities.
• Benefit from skills and qualification assessments for skilled migration to Australia.

Exclusive Member Discounts:
Receive a 25% discount on your next annual membership subscription for every new member you refer.

My Journey with IPA

As an Associate Member of the IPA (Membership No. IPA 354124), I have experienced first-hand the advantages of being part of this prestigious organization. From gaining international recognition to accessing valuable resources, my membership has been instrumental in advancing my career.

How Can I Help You?

I am here to assist anyone interested in becoming a member of IPA. Whether you are a student, accountant, or business professional, I can guide you through:

• Understanding the eligibility criteria.
• Preparing the required documents (e.g., academic qualifications, CVs, and reference letters).
• Completing your membership application process with ease.

Additional Benefits for Afghan Professionals

IPA membership is particularly beneficial for Afghan professionals, offering:

• Skilled Migration Pathways: The IPA’s qualification and skills assessments are recognized by the Australian Government, making it easier for Afghan nationals to apply for skilled visas.
• Support for Career Growth: With global recognition and resources, IPA membership positions you as a qualified professional in a competitive market.
• Safety and Stability: For those seeking a better future away from challenging circumstances, IPA membership is a step toward achieving your migration and career goals in Australia.

Take the Next Step Today

Joining the IPA is more than just a membership—it’s a gateway to global opportunities and professional growth. Let me help you embark on this journey.

For personalized guidance or more information, contact us at info@fanoosaccounting.com or reach out to me directly at aman@fanoosaccounting.com. You can also explore IPA membership benefits at publicaccountants.org.au.

Talaye Group Manufacturing Co.

We are delighted to share the feedback from Talaye Group Manufacturing Co., a leading manufacturer of premium facial tissues in the market, known for their brands Shaparak, Hi-Clean, and Pernian.

Our team at Fanoos Accounting Services recently had the privilege of enhancing their accounting system by implementing QuickBooks Desktop Enterprise Solutions. This upgrade streamlined their financial management processes, ensuring efficiency, accuracy, and better decision-making capabilities.

Mr. Mustafa Hashemi, a representative of Talaye Group, expressed his satisfaction with our services, stating:
“Fanoos Accounting Services has transformed the way we manage our finances. Their expertise in QuickBooks has made our processes smoother and more reliable, allowing us to focus more on growing our business.”

To express their gratitude, Mr. Hashemi also shared their products for us to highlight on our website.

Their Featured Products:

• Shaparak Facial Tissues
• Hi-Clean Facial Tissues
• Pernian Facial Tissues

We thank Talaye Group Manufacturing Co. for trusting us with their accounting needs and for showcasing their excellent products. We look forward to a long-lasting partnership and their continued success.

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