Fama Accounting Services, Office 2294, Building 574 Road 31 Block 611 Al Hamriya, Bahrain
Fama Accounting Services, Office 2294, Building 574 Road 31 Block 611 Al Hamriya, Bahrain
Why Manama Businesses Need Expert Accounting & CFO Support
In the fast-paced business environment of Manama, financial clarity isn’t just nice to have—it’s essential for survival. Whether you run a small start-up, a thriving SME, or a large enterprise, the ability to make informed decisions depends on having accurate, timely, and actionable financial data. This is where professional accounting services and strategic CFO advisory make all the difference.
While basic bookkeeping keeps your records in order, it’s the strategic layer—offered by experienced CFO advisors—that transforms numbers into business intelligence. From optimizing cash flow to ensuring tax compliance, these services can protect your profits, reduce risks, and position your company for sustainable growth.
Manama’s unique position as a regional business hub means your company faces Bahrain-specific compliance requirements, including VAT regulations, corporate governance standards, and annual audit obligations. Trying to handle these in-house often pulls your focus away from core business operations. By partnering with top-tier accounting and CFO experts, you get both day-to-day financial management and big-picture strategy—all without adding permanent headcount.
A Chief Financial Officer (CFO) advisor does much more than oversee numbers—they act as your financial strategist, risk manager, and growth partner. For many Manama-based businesses, hiring a full-time CFO is simply not cost-effective. That’s where outsourced CFO advisory comes in, giving you the benefits of high-level financial leadership at a fraction of the cost.
Key roles of a CFO advisor include:
Strategic Planning: Aligning your financial plan with business goals.
Cash Flow Optimization: Ensuring working capital is healthy.
Tax Strategy: Structuring operations for maximum efficiency within Bahrain’s tax framework.
Investment Advisory: Helping evaluate funding opportunities and capital allocation.
Risk Mitigation: Identifying potential compliance gaps and financial exposures.
Unlike traditional accountants, a CFO advisor looks beyond past performance and focuses on future outcomes. They’ll help you model different scenarios, prepare for market changes, and ensure your finances support—not restrict—growth.
Every business in Manama operates under different circumstances—different industries, growth stages, and compliance needs. That’s why our accounting services are not one-size-fits-all. We provide modular solutions that can scale up or down depending on your needs.
Our core accounting services include:
Bookkeeping & Transaction Management – Daily, weekly, or monthly recordkeeping to ensure financial data is always up-to-date.
VAT Compliance & Filing – Ensuring your VAT returns meet NBR requirements and deadlines.
Payroll Processing – Accurate, timely salary payments and WPS compliance.
Audit Preparation – Pre-audit checks to reduce risks during external audits.
Financial Reporting – Preparing clear, actionable financial statements for internal and external stakeholders.
These services are delivered with Bahrain-specific expertise, so your business stays aligned with local laws while maintaining the transparency that banks, investors, and partners expect.
The shift toward outsourced finance functions isn’t just a trend—it’s a smart business decision driven by efficiency, expertise, and cost savings.
Top reasons Manama businesses choose outsourcing:
Cost Efficiency: Get the skills of an experienced finance team without the overhead of full-time salaries, benefits, and office space.
Regulatory Confidence: Keep up with Bahrain’s evolving financial regulations without constantly training in-house staff.
Focus on Core Activities: Free up time and resources to focus on sales, operations, and growth.
Scalability: Easily increase or decrease service scope based on business needs.
Technology Advantage: Access professional accounting software and reporting tools without the licensing costs.
Outsourcing also means you’re never dependent on a single employee—a dedicated team ensures continuity and reliability, even during staff turnover or absences.
What makes our service stand out in Manama’s competitive market is the integration of operational accounting and strategic CFO advisory into a single, seamless package.
Here’s how it works:
Daily Accounting Operations: We handle all transactions, bank reconciliations, and financial entries with precision.
Monthly Performance Reviews: At the end of each period, your CFO advisor analyzes the data, identifies trends, and suggests corrective actions.
Quarterly Strategic Planning: Using the insights from your books, we help set targets, allocate budgets, and assess investment opportunities.
Annual Compliance Management: We prepare you for audits, file required reports, and ensure nothing slips through the cracks.
This dual approach means you get both the accuracy of professional accountants and the foresight of strategic financial leadership—ensuring you’re compliant today and prepared for tomorrow.
One of the biggest concerns for any business outsourcing financial services is cost predictability. We understand that budget control is as important as accuracy in accounting. That’s why we offer clear, tiered pricing models that adapt to your company’s size and complexity.
Our pricing approach includes:
Fixed Monthly Retainers – Ideal for SMEs that want predictable costs without surprises.
Hourly Consulting Rates – Best for businesses needing project-based CFO advisory or ad-hoc support.
Custom Packages – Tailored solutions for enterprises with complex needs, such as multi-branch accounting or international operations.
By keeping pricing transparent, we eliminate the guesswork—allowing you to invest confidently in financial management without worrying about hidden fees.
No two industries in Manama have the same financial structures or compliance obligations. Our team brings deep sector expertise to ensure your accounting aligns with industry best practices as well as Bahrain’s regulatory environment.
Industries we specialize in include:
Hospitality & F&B – POS integration, cost of goods tracking, and VAT optimization.
Construction & Real Estate – Project-based accounting, milestone billing, and WIP tracking.
Non-Profits & NGOs – Grant compliance, donor reporting, and transparent auditing.
Retail & E-commerce – Inventory management, multi-channel sales reconciliation, and VAT returns.
Professional Services – Time-based billing, client retainers, and expense tracking.
This industry-focused approach means we’re not just crunching numbers—we’re interpreting them in the context of your market, so you can make better, faster decisions.
In today’s digital business world, relying solely on manual accounting methods puts you at a disadvantage. We use cloud-based accounting platforms and integrated reporting dashboards to ensure you have real-time access to your financial data—anytime, anywhere.
Our tech stack includes:
Cloud Accounting Software – Secure, accessible, and compliant with Bahrain’s tax laws.
Automated VAT Filing Tools – Reducing the risk of human error in submissions.
Payroll Management Platforms – WPS-ready and integrated with GOSI submissions.
Custom Financial Dashboards – Giving you a snapshot of cash flow, profitability, and KPIs at a glance.
With secure document-sharing portals, encrypted communications, and automated backups, we ensure your financial data is always safe and accessible.
We follow a structured process to ensure accuracy, transparency, and efficiency in every engagement.
Step 1 – Initial Consultation & Needs Assessment:
We discuss your business, financial challenges, and goals to determine the best service package.
Step 2 – Onboarding & System Setup:
We connect your accounting software, migrate data, and align processes with your operations.
Step 3 – Ongoing Financial Management:
We handle daily bookkeeping, VAT compliance, payroll, and reporting.
Step 4 – Strategic CFO Advisory Sessions:
We review financial data, analyze trends, and recommend strategic improvements.
Step 5 – Compliance & Reporting:
We prepare you for audits, regulatory filings, and investor presentations.
By combining hands-on accounting with strategic oversight, we ensure your financial management is not just compliant—but competitive.
Minimize risks and maximize growth with our comprehensive accounting solutions in Bahrain.
Below is an overview of our general pricing packages for our suite of services in Bahrain. Costs vary depending on factors such as the services we offer.
Read some reviews and success stories from our loyal customers who achieved their goals and how our expert solutions have made a lasting impact on their growth, compliance, and financial clarity. Your success is our greatest achievement!
Client
I am so happy to have chosen this company! Right from the start it was a very easy decision, I knew I am in the right hands. They contacted me with every update they had and always kept me up to date with all the information and steps that we will proceed next.
Client
Highly recommend for anyone looking to establish a company in Bahrain! Waqas Akram and his team made the entire process smooth and stress-free. They were incredibly knowledgeable, responsive, and handled every detail with professionalism.
Client
The team was highly professional, efficient, and knowledgeable. They ensured that all paperwork and procedures were handled smoothly, saving us both time and effort. I highly recommend their services to anyone looking out there.
Client
Abdullah and the team have been great in assisting me with related tasks. In challenging timeframes they've supported me to ensure our company operations can start in Bahrain without any issues. Thank you. I will recommed their services.
Client
I was extremely impressed with their services. Their expertise made everything smooth and hassle-free. I highly recommend Setup in Bahrain for anyone looking for their business here. Their professionalism and commitment to customer satisfaction are top-notch.
With years of experience and a highly qualified team, we bring unmatched expertise and in-depth knowledge of Bahrain’s financial landscape to every service we provide.
Bahrain’s financial regulations are designed to ensure transparency, investor confidence, and international competitiveness. However, for business owners, navigating these rules without expert help can be overwhelming.
Key compliance areas we manage:
VAT Registration & Filing – Ensuring your submissions meet NBR deadlines.
LMRA & GOSI Contributions – Keeping your labor and social insurance filings up-to-date.
Audit Preparation & Support – Ensuring your books are audit-ready year-round.
ICV (In-Country Value) Requirements – Structuring your financials to maximize compliance scores.
Financial Reporting Standards – Aligning with Bahrain’s IFRS-based framework.
With our guidance, you avoid costly fines, reputational risks, and operational disruptions—while building trust with investors, banks, and regulators.
Choosing us as your accounting and CFO partner means more than just accurate books—it’s a relationship built for long-term success.
What our clients value most:
Consistency: You get a dedicated point of contact who understands your business.
Scalability: Our services grow with you, from startup to enterprise.
Local Insight + Global Standards: Deep knowledge of Bahrain’s market paired with international best practices.
Proactive Advice: We don’t just react to problems—we anticipate and prevent them.
Confidentiality & Security: Your data is handled with strict privacy measures.
This partnership mindset ensures we’re invested in your success—not just your compliance.
With many accounting firms in Manama, why do clients consistently choose and stay with us?
The difference is in our approach:
Integrated Accounting + CFO Strategy – Most firms offer one or the other—we provide both.
Industry-Specific Expertise – From restaurants to construction, we understand your sector.
Transparent Pricing – No hidden fees or sudden cost hikes.
Proven Results – Documented client success stories across multiple industries.
Technology-Driven Service – Real-time insights via cloud tools and custom dashboards.
In a competitive market, we’re not just another service provider—we’re your financial growth partner.
If you’re serious about growing your business in Manama, having the right financial partner is non-negotiable. By combining hands-on accounting with strategic CFO advisory, we help you make confident, data-driven decisions while staying fully compliant with Bahrain’s regulations.
The sooner you start, the sooner you gain:
Peace of mind knowing your finances are in expert hands.
Clear, actionable insights for smarter decisions.
A partner who’s invested in your success.
📞 Contact us today to book a consultation and take the first step toward transforming your financial management.
1. What’s the difference between accounting and CFO advisory?
Accounting focuses on recording, organizing, and reporting financial transactions, ensuring compliance and accuracy. CFO advisory, on the other hand, provides strategic insights—helping you interpret financial data, forecast trends, optimize cash flow, and make informed business growth decisions.
2. Can small businesses in Manama benefit from a CFO advisor?
Absolutely. A CFO advisor can help small businesses streamline finances, control expenses, plan budgets, and avoid costly mistakes—without the expense of hiring a full-time CFO.
3. How much do outsourced accounting services cost in Bahrain?
Costs vary depending on your business size, transaction volume, and services required. We offer flexible monthly retainers, hourly consulting, and custom packages to fit your budget.
4. Do you handle VAT registration for new businesses?
Yes. We assist with VAT registration, ensure proper NBR documentation, and set up VAT-compliant invoicing systems.
5. Which industries do you specialize in?
We work with F&B, hospitality, construction, retail, professional services, NGOs, and more—tailoring solutions to each sector’s needs.
6. How secure is my financial data with outsourced accounting?
We use encrypted file sharing, secure cloud storage, and strict access controls to ensure your data is always protected.
7. Can you prepare my business for an external audit?
Yes. We review your books, correct discrepancies, prepare required documentation, and guide you through the audit process.
8. Do you work with startups or only established companies?
We work with both—helping startups establish accounting systems and supporting established firms with advanced CFO advisory.
9. What software platforms do you use for accounting?
We work with leading platforms like QuickBooks, Xero, Zoho Books, and other cloud-based solutions that integrate with your operations.
10. How often will I receive financial reports?
We can provide monthly, quarterly, or custom reporting schedules based on your needs.
11. Do you offer emergency VAT filing services?
Yes. Our “Late VAT Filing” service helps businesses avoid or minimize penalties—even if deadlines have been missed.
12. Can you manage payroll for companies with multiple branches?
Yes. We handle centralized payroll processing, WPS compliance, GOSI submissions, and branch-specific reports.
13. Are your services compliant with Bahrain’s IFRS standards?
Yes. All financial statements and reports we prepare follow Bahrain’s IFRS-based accounting framework.
14. How do you help businesses with cash flow issues?
We analyze your income and expenses, optimize payment cycles, and implement cash flow forecasting to maintain healthy liquidity.
15. Can you assist with ICV program compliance?
Yes. We guide businesses in meeting ICV requirements to improve their local value contribution scores.
16. What’s included in your bookkeeping service?
Transaction recording, bank reconciliations, accounts payable/receivable management, expense categorization, and monthly reporting.
17. Do you work with NGOs and non-profits?
Yes. We offer specialized accounting and auditing for NGOs, ensuring compliance with donor and regulatory requirements.
18. How quickly can you onboard a new client?
Onboarding can take as little as 3–5 business days, depending on the complexity of your current records.
19. Do you offer training for in-house accounting staff?
Yes. We provide hands-on training for teams to maintain financial records according to best practices.
20. How do you handle missed VAT deadlines?
We prepare and submit overdue filings, communicate with NBR if necessary, and set up automated reminders to prevent recurrence.
21. Can you integrate POS systems with my accounting?
Yes. We specialize in POS integration for retail and F&B businesses to automate sales data entry and VAT calculations.
22. Do you provide budget forecasting and financial modeling?
Yes. We create forward-looking projections to guide investment, staffing, and expansion decisions.
23. How do you charge for CFO advisory services?
We offer hourly rates for ad-hoc projects and monthly retainers for ongoing strategic advisory.
24. Will I have a dedicated account manager?
Yes. Each client is assigned a dedicated professional who serves as your main point of contact.
25. Can you help me secure a business loan?
Yes. We prepare financial statements, projections, and lender-ready reports to strengthen your loan application.
26. Do you provide reports in both English and Arabic?
Yes. We can prepare bilingual reports to meet stakeholder and regulatory requirements.
27. Are your services suitable for construction companies?
Yes. We handle project-based accounting, cost tracking, and milestone billing for construction firms.
28. Do you offer one-time consulting or only long-term contracts?
We provide both—whether you need a one-off audit prep or ongoing monthly accounting.
29. How do you ensure compliance with GOSI and LMRA requirements?
We track deadlines, prepare accurate filings, and submit all necessary contributions and reports.
30. What’s the first step to getting started with your firm?
Contact us for a consultation—we’ll assess your needs, recommend a service plan, and begin onboarding immediately.
Minimize risks and maximize growth with our comprehensive accounting solutions in Bahrain.
With a reputation for precision, and excellence, we are here to support your business growth while ensuring compliance with Bahrain’s financial and regulatory standards.
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Accounting, VAT, & Audit Services by famabh