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
In Bahrain’s fast-evolving financial environment, manual bookkeeping and spreadsheet juggling are no longer viable. With VAT laws, Wage Protection System (WPS) requirements, and increasing financial scrutiny, you need a reliable, automated accounting system to stay efficient and compliant.
We specialize in Accounting Software Implementation in Bahrain, helping businesses like yours select, install, customize, and fully adopt world-class accounting platforms like Zoho Books, QuickBooks, Xero, and Tally. Our implementation approach ensures every feature is aligned with your business structure, industry, and legal obligations.
Whether you’re setting up accounting software for the first time or migrating from an outdated system, we take care of everything: chart of accounts, tax rules, bank integrations, payroll modules, inventory tracking, multi-branch control, and custom reports. We don’t just install tools—we build your financial backbone.
Choosing the right accounting software is only half the battle. If it’s not set up correctly, customized to your business model, and aligned with Bahraini VAT and labor laws, it can create more confusion than clarity.
Our expert-led accounting software implementation services ensure your systems do what they’re meant to: reduce manual work, generate real-time insights, automate compliance, and help your business scale.
Whether you’re switching from Excel, migrating from outdated software, or starting fresh — we handle the entire implementation process, from planning to training, so you and your team can focus on what matters most: growth.
We provide end-to-end implementation of top-tier accounting platforms:
We evaluate your business structure, transaction volume, payroll, inventory, and VAT complexity to recommend the best-fit solution.
We build a customized chart of accounts that reflects your revenue streams, expense categories, cost centers, and local financial structure.
We apply NBR-compliant VAT rates, reverse charges, zero-rated item setup, VAT group configuration, and tax return templates.
We import your previous year’s balances, invoices, customer/vendor lists, and documents into the new system seamlessly.
We connect your local Bahraini bank feeds and ensure real-time cash position tracking, with automated reconciliation rules.
For platforms like Zoho and QuickBooks, we set up payroll tracking, leave management, and WPS-compatible payslip templates.
If your business is inventory or sales-driven, we configure real-time stock tracking, product profitability analysis, and sales tax automation.
We build visual dashboards and tailored reports for management, investors, auditors, or your board.
Assign access levels across finance, HR, procurement, or management — all within secure, cloud-based frameworks.
| Platform | Best For |
|---|---|
| Zoho Books | Best all-in-one solution for SMEs in Bahrain (VAT-ready) |
| QuickBooks | Popular with startups and service-based businesses |
| Tally ERP 9 | Great for inventory-heavy, retail or trading businesses |
| Xero | Perfect for tech firms, startups with global operations |
| Odoo Accounting | ERP-grade finance solution for growing mid-size enterprises |
Don’t know which one’s right? We’ll help you compare and select the perfect fit.
VAT Compliance – Full alignment with NBR filing formats, input/output tracking, and return reports
Audit Readiness – Easily exportable ledgers, reports, and transaction history for internal/external audits
Real-Time Visibility – See your cash flow, profitability, and receivables at a glance
Payroll + HR Integration – Manage salaries, GOSI, and leave tracking inside your finance system
Decision-Making Power – Monthly P&Ls, dashboards, and financial KPIs to support smart decisions
Time Savings – Automate recurring invoices, expense entries, and reconciliations
Week 1: Discovery & Planning
✅ Business analysis
✅ Tool selection
✅ Implementation roadmap
Week 2–3: Setup & Configuration
✅ Chart of accounts
✅ VAT & tax rules
✅ Users, roles, and permissions
Week 4: Migration & Integration
✅ Opening balances
✅ Import customer/supplier data
✅ POS or ERP sync (if needed)
Week 5: Testing & Training
✅ Live testing of processes
✅ Staff training sessions
✅ Final handoff + support
Full implementation typically takes 2–5 weeks, depending on business complexity.
| Mistake | Our Solution |
|---|---|
| Incomplete chart of accounts setup | We design a structure aligned with your business model and reporting needs |
| Incorrect VAT configuration | We apply local tax rules & prepare for quarterly NBR return filing |
| DIY migrations with missing data | We do complete, accurate historical data migration & balance reconciliation |
| Using wrong reports for decision-making | We create visual, executive-ready dashboards for real insight |
| No user permissions or access controls | We implement role-based restrictions to protect your data |
Client: Multi-branch clothing retailer
Challenge: Disorganized spreadsheets, no VAT tracking, manual invoicing
Solution:
Implemented Zoho Books with VAT return tracking
Created multi-branch reporting structure
Set up product-level inventory tracking
Connected to POS and bank feeds
Results:
✅ 50% reduction in accounting time
✅ Zero VAT filing delays for 3 quarters
✅ Real-time sales vs. inventory dashboard
| Package | Starting Price (BHD) | Ideal For |
|---|---|---|
| Basic Setup | 100–150 | Small businesses moving from Excel or manual |
| Standard Migration | 200–350 | With data import, VAT config, reporting |
| Full Integration | 400–700+ | Includes HR/payroll, POS, ERP sync, multi-user |
✔ Includes post-setup training
✔ One-time payment or bundled in monthly accounting plans
✔ Custom quotes for large businesses or multi-entity groups
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.
Yes, and that’s often where we start. We don’t push a one-size-fits-all solution. Instead, we conduct a thorough discovery session to understand your business size, industry, transaction volume, inventory needs, compliance requirements (like VAT or payroll), and future growth plans.
For example:
A service-based SME might be better off with QuickBooks for simplicity and speed.
A retail chain would likely benefit from Tally ERP or Zoho Books with inventory and multi-location management.
A tech startup with international invoicing might prefer Xero for its multi-currency support.
Our role is to recommend, not just implement — ensuring long-term fit and ROI.
Absolutely. We provide onboarding and functional training for all key departments — finance, HR, operations, even upper management if needed. Our training is hands-on and role-specific.
Depending on the platform, we offer:
Live remote sessions (Zoom/Google Meet)
On-site training (for Bahrain-based clients)
User manuals and SOPs customized to your workflows
Follow-up support for the first 30–60 days
We don’t just hand over the software—we ensure your team feels confident using it every day.
Yes, significantly. All the platforms we implement (Zoho Books, Tally, QuickBooks, Xero) can be configured to support Bahrain’s NBR-compliant VAT framework.
What we do:
Apply correct VAT categories (standard, exempt, zero-rated, reverse charge)
Set up VAT group rules (if you manage multiple branches/entities)
Link every invoice and expense to appropriate VAT codes
Activate automatic quarterly VAT return reports, ready for submission to the NBR
Assist with VAT refund claim visibility and documentation
So instead of scrambling during filing season, you’ll have every figure ready at the click of a button.
Yes. Data migration is one of our core services. We ensure a smooth transition from Excel, manual records, or legacy software to your new platform — without loss or corruption of critical information.
We migrate:
Opening balances
General ledger history
Customer and supplier records
Unpaid invoices and open purchase orders
Product and inventory data (if applicable)
VAT return history (to align future reports)
Every migration is audited and reconciled — so you can continue from where you left off, with clean books and full traceability.
Yes, integration is a key benefit of a properly implemented accounting system. We regularly integrate platforms such as:
POS systems (Vend, Square, Lightspeed, local POS tools)
Ecommerce platforms (Shopify, WooCommerce, Amazon, Talabat, etc.)
Inventory tools (Zoho Inventory, Unicommerce, Odoo, custom ERP modules)
Payment gateways (Benefit, Tap, PayTabs, Stripe)
This eliminates double entry, improves real-time tracking, and centralizes your operational and financial data into one dashboard.
Yes — and it’s one of the biggest long-term advantages. When Bahrain’s NBR or an external auditor asks for records, you’ll have:
Properly coded and categorized transactions
Easily accessible VAT reports
Chronological sales and expense trails
Bank reconciliation records
User activity logs and internal controls (for permissions)
EOSB and payroll records (if HR modules are active)
Audits become a painless process when your financial system is structured, automated, and backed by solid documentation.
With the introduction of Value Added Tax (VAT) in Bahrain, businesses must ensure they are fully compliant with local regulations to avoid fines and maintain smooth operations. Our services ensure:
✅ Accurate VAT calculations and filings.
✅ Error-free bookkeeping for tax audits.
✅ Cost savings through VAT optimization strategies.
✅ Peace of mind knowing your financials are in expert hands.
✅ Improved business credibility and investor confidence.
✅ Seamless regulatory compliance for local and international operations.
Our services cater to businesses of all sizes and industries operating in Bahrain, including:
📌 Small & Medium Enterprises (SMEs) – Streamline accounting processes and tax compliance.
📌 Startups & Entrepreneurs – Affordable and efficient accounting solutions to manage finances.
📌 Retail & E-Commerce Businesses – VAT compliance for online and offline transactions.
📌 Construction & Real Estate Companies – VAT advisory on industry-specific transactions.
📌 Corporate Entities & Large Businesses – Advanced accounting strategies for profitability.
📌 Freelancers & Consultants – Hassle-free tax reporting and financial planning.
📌 Manufacturing & Trading Companies – Optimize VAT compliance on goods and imports.
📌 Service-Based Businesses – Financial management for professional service providers.
📌 Step 1: Consultation & Assessment – Understanding your business needs.
📌 Step 2: Implementation of Accounting & VAT Systems – Setting up cloud-based solutions.
📌 Step 3: Ongoing Compliance & Reporting – Monthly financial management and VAT filings.
📌 Step 4: Audit Support & Advisory – Ensuring full regulatory compliance and business growth.
📌 Step 5: Financial Analysis & Growth Planning – Helping businesses scale with strong financial planning.
🚨 Did you know? Businesses failing to comply with Bahrain’s VAT regulations can face penalties up to BHD 10,000 for late or incorrect filings! Our experts ensure:
✅ Timely VAT returns & error-free financial statements.
✅ Accurate record-keeping for VAT reclaims & audits.
✅ Guidance on VAT-exempt and zero-rated transactions.
✅ VAT risk assessment & compliance checks to avoid fines.
✅ Optimized tax strategies to enhance profitability.
✅ Assistance with government tax incentives and rebates.
🔹 Certified Accountants & VAT Specialists with deep industry expertise.
🔹 Customized Accounting & VAT Solutions for every business.
🔹 Reliable, Transparent, and Affordable Services.
🔹 100% Compliance Guarantee with Bahrain’s financial laws.
🔹 Cloud-Based, Secure, and Efficient Accounting Processes.
🔹 End-to-End Financial Support from Bookkeeping to Tax Advisory.
🔹 Trusted by Hundreds of Businesses Across Bahrain.
Accounting is not just about tracking income and expenses; it plays a key role in a company’s success by:
Ensuring compliance with Bahrain’s financial laws and regulations.
Providing accurate financial insights for informed decision-making.
Helping businesses optimize tax planning and VAT compliance.
Enhancing transparency and credibility with investors and stakeholders.
Supporting business growth through strategic budgeting and forecasting.
Whether you handle accounting in-house or outsource accounting services in Bahrain, having a well-structured accounting system is non-negotiable for success.
✅ Expert Accountants & VAT Specialists – We handle everything from bookkeeping to VAT filing.
✅ 100% Compliance with Bahrain’s Tax Laws – Avoid penalties and late filings.
✅ Accurate & Transparent Financial Reporting – Essential for decision-making and audits.
✅ Cost-Effective & Scalable Solutions – Tailored accounting services for businesses of all sizes.
✅ Cloud-Based Accounting & VAT Automation – Secure and efficient financial management.
✅ Industry-Specific Expertise – Customized solutions for various business sectors.
✅ Dedicated Support – Personalized assistance for financial planning and compliance.
Various regulatory bodies govern Bahrain’s accounting landscape, ensuring businesses adhere to financial reporting and compliance requirements.
| Regulatory Authority | Role in Accounting Compliance |
|---|---|
| Ministry of Industry & Commerce (MOIC) | Oversees business registrations, financial regulations, and commercial compliance. |
| Central Bank of Bahrain (CBB) | Regulates financial institutions, banks, and investment firms in Bahrain. |
| National Bureau for Revenue (NBR) | Governs VAT registration, compliance, and reporting. |
| Bahrain Commercial Companies Law (BCCL) | Mandates financial record-keeping, audits, and reporting for companies. |
| International Financial Reporting Standards (IFRS) | Global accounting standard applied in Bahrain for financial transparency. |
Key Takeaway: Businesses operating in Bahrain must maintain accurate accounting records, submit periodic financial reports, and comply with VAT regulations to avoid penalties.
Bahrain follows International Financial Reporting Standards (IFRS), ensuring businesses align with global best practices. The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards also apply to Islamic finance institutions operating in Bahrain.
| Accounting Standard | Applicable Businesses |
| IFRS | Public companies, multinational corporations, financial institutions |
| IFRS for SMEs | Small and medium enterprises (SMEs) |
| AAOIFI | Islamic financial institutions |
Companies are required to maintain financial statements, including balance sheets, income statements, and cash flow reports, adhering to IFRS principles.
Businesses in Bahrain can benefit from a range of accounting services that streamline operations and ensure compliance.
Accurate bookkeeping ensures every financial transaction is recorded properly. This includes:
Recording daily transactions.
Managing accounts payable and receivable.
Reconciling bank statements.
Bahrain implemented VAT (Value Added Tax) at 10%, requiring businesses to:
Register for VAT with the National Bureau for Revenue (NBR).
File VAT returns on time to avoid penalties.
Maintain proper VAT invoicing and compliance documentation.
Efficient payroll management ensures timely salary payments while complying with Bahrain’s labor laws.
Monthly salary processing.
End-of-service benefits calculation.
WPS (Wage Protection System) compliance.
Businesses must maintain annual financial statements for tax reporting and auditing purposes.
Preparation of balance sheets, profit & loss statements, and cash flow reports.
Conducting internal and external audits.
Ensuring compliance with MOIC and CBB regulations.
Many businesses in Bahrain use accounting software like:
Zoho Books (for SMEs & startups)
QuickBooks (for cloud-based accounting)
Tally ERP (for large enterprises)
Odoo ERP (for automated accounting & reporting)
Solution: Work with an experienced accounting firm in Bahrain to stay updated on new tax laws and compliance regulations.
Solution: Use automated accounting software or outsource VAT compliance to professionals.
Solution: Implement cloud-based payroll systems to ensure error-free salary processing.
Solution: Conduct periodic audits and use standardized accounting frameworks like IFRS.
Yes, businesses with an annual turnover above BHD 37,500 must register for VAT in Bahrain.
Zoho Books, QuickBooks, Tally ERP, and Odoo are popular choices for Bahrain companies.
Yes, all businesses in Bahrain must undergo an annual external audit as per the Bahrain Commercial Companies Law.
Yes, many businesses choose to outsource accounting in Bahrain to specialized firms for cost efficiency and compliance.
Bahrain has adopted the Bahraini Accounting Standards (BAS), which are aligned with the International Financial Reporting Standards (IFRS). These standards ensure consistency, transparency, and comparability of financial statements across businesses.
Most businesses in Bahrain are required to prepare their financial statements in accordance with IFRS. These globally recognized standards enhance the credibility of financial reports and facilitate international business operations.
Bahrain’s taxation system is relatively simple compared to other countries. Key taxes include:
Value Added Tax (VAT): Introduced in 2019, VAT is levied at a standard rate of 5% on most goods and services.
Corporate Tax: Bahrain does not impose corporate tax on most businesses, except for oil and gas companies, which are subject to a 46% tax rate.
Withholding Tax: A 5% withholding tax is applied to royalties, interest, and other payments made to non-residents.
Whether you’re a small business or a multinational company, having accurate, compliant, and strategic accounting in Bahrain is essential for success. From VAT compliance and bookkeeping to financial reporting and auditing, the right accounting partner can save you time, money, and legal troubles.
Get Started Today! If you need expert accounting in Bahrain, contact us for a free consultation and discover how our tailored services can benefit your business.
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