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
Managing your accounting in-house can drain your time, increase overhead costs, and expose your business to compliance risks. At Famabh, we provide outsourced accounting services in Bahrain that give you expert-level financial control—without the expense of a full-time finance team.
Our services are fully aligned with Bahrain’s Commercial Companies Law, National Bureau for Revenue (NBR) VAT regulations, and International Financial Reporting Standards (IFRS). From startups to corporations, we help Bahraini businesses manage everything from bookkeeping and payroll to audits and VAT filings—accurately, affordably, and securely.
Whether you need help cleaning up old records, maintaining monthly compliance, or scaling into new markets, our outsourced accounting experts are here to make your financial operations effortless.
Outsourced accounting has become the go-to strategy for businesses that want expertise without overhead. Here’s why:
Save up to 60% vs. hiring in-house accountants
Eliminate training, recruitment, and turnover headaches
Get access to certified professionals and CFO-level insights
Stay compliant with Bahrain’s ever-changing VAT and tax laws
Focus your internal team on growth—not numbers
If you’re still managing finances manually or relying on an overstretched team—it’s time to upgrade.
✔ Bookkeeping & Transaction Recording
We handle daily transaction entries, reconciliations, expense tracking, and maintain audit-ready ledgers.
✔ Monthly & Quarterly Financial Reporting
We prepare profit & loss statements, balance sheets, and cash flow reports—clearly and in IFRS format.
✔ VAT Filing & Refund Management
We ensure timely, accurate VAT submissions, help claim refunds, and reduce liabilities through smart planning.
✔ Payroll Processing & WPS Compliance
We manage staff salaries, generate payslips, and ensure full labor law compliance for small and large teams.
✔ Budgeting, Forecasting & Advisory
Monthly cash flow forecasts, budget variance analysis, and strategic advice to support better decisions.
✔ Audit Preparation & Liaison
From internal controls to external audit readiness, we coordinate everything and liaise with auditors directly.
✔ Accounting Software Setup & Support
We work with Zoho, QuickBooks, Tally, Odoo, and Xero—fully integrated with your POS, CRM, or ERP.
We work with companies across industries and sizes:
Startups & Tech Firms – Clean books, runway tracking, VAT registration
Retail & Ecommerce – POS integration, inventory accounting, seasonal cash flow
Clinics & Medical Centers – Zero-rated VAT, insurance reconciliation
Construction & Real Estate – Project-based accounting, milestone billing
Consulting & Legal Services – Retainer billing, staff cost allocation
Restaurants & Cafés – Payroll, vendor tracking, daily revenue management
From 1-person consultancies to multi-branch operations—we’ve helped hundreds streamline their accounting with confidence.
🧾 100% Bahrain VAT Compliant
We file with the National Bureau for Revenue (NBR) and ensure every report, invoice, and submission is up to date with the law.
📈 Scalable Services
Need weekly support now, but full audit prep next quarter? Our services grow with you.
🔐 Secure, Cloud-Based Systems
We use encrypted, cloud-first platforms to ensure your financial data stays secure, accessible, and backed up.
💬 Dedicated Accountant Access
You’ll always have a go-to professional—not a helpdesk. We believe in long-term relationships and proactive communication.
💡 Strategic Advisory Built In
Beyond numbers, we provide insights to help you expand, raise funds, or improve profitability.
✔ You’re spending too much time managing finances
✔ Your books are messy or months behind
✔ You’re missing VAT refund opportunities
✔ You’re expanding and need scalable support
✔ You want to avoid penalties and be audit-ready
Outsourcing is no longer a shortcut—it’s a smart strategy.
| Platform | Use Case |
|---|---|
| Zoho Books | Cloud invoicing, VAT compliance, mobile accessibility |
| Tally ERP 9 | Inventory-heavy business and multiple location control |
| QuickBooks | SME-friendly, bank sync, payroll |
| Odoo | Integrated with HR, CRM, POS, and accounting |
| Xero | Global businesses, startups, multi-currency accounting |
We’ll set it up for you, migrate your data, and train your team.
| Plan | Starting From (BHD) | Includes |
|---|---|---|
| Basic | 100/month | Monthly bookkeeping, VAT entry, basic reports |
| Growth | 150/month | VAT filing, payroll for up to 5 staff, monthly reporting |
| Pro | 250/month | Full reporting, VAT filing, payroll, advisory & forecasting |
| Add-ons | Custom | Software setup, audit prep, cleanup, multi-branch consolidation |
No hidden fees. No long-term contracts. Just consistent, professional service.
Client: Real estate development firm with 4 projects
Problem: Disorganized records, late VAT filings, missed supplier payments
Our Solution:
Cleaned up 18 months of backlog
Migrated accounting to Tally
Automated VAT returns and audit-ready reports
Result:
✅ 3 VAT refunds approved
✅ On-time payroll and improved vendor trust
✅ Fully audit-compliant in 60 days
Q1: Can I outsource only VAT or payroll?
Yes! We offer modular services tailored to your needs—VAT-only, payroll-only, or full support.
Q2: How do you access my data securely?
We use encrypted cloud portals or limited-access tools. You stay in control.
Q3: Can you work with our existing accountant or CFO?
Absolutely. We’re happy to support internal teams or take full responsibility.
Q4: How quickly can you onboard us?
Within 48 hours. We make the transition seamless.
Q5: Do you handle accounting for free zones or GCC branches?
Yes. We’re experienced with multi-jurisdiction businesses and group entities.
Planning to open a second branch? Serve more clients? Hire new employees?
Outsourced accounting services offer the flexibility to scale financial support without rebuilding infrastructure. We help:
Consolidate reporting across locations
Manage VAT and payroll as staff grows
Structure accounting systems for foreign investment
Ensure audit-readiness during fundraising
Growth without financial chaos—that’s what outsourcing empowers.
Most SMEs in Bahrain overpay VAT simply because they aren’t claiming what they’re entitled to.
Our outsourced team reviews:
Zero-rated transactions
Cross-border expenses
Mixed-supply invoices
Missed credit notes
We not only ensure compliant VAT filings, but proactively identify opportunities for refunds—keeping more cash in your business.
If you’re a non-profit, association, or social enterprise, managing donations, grants, and multi-use funds can get tricky fast.
We offer:
Fund-specific tracking and reporting
Restricted/unrestricted income management
Transparent donor reporting
Low-cost accounting packages for registered NGOs
Our goal is to let you focus on your mission—not your spreadsheets.
We tailor frequency to your needs:
| Service Type | Best For | What’s Included |
|---|---|---|
| Monthly Support | Retail, hospitality, high-volume businesses | Bookkeeping, VAT, payroll, monthly reporting |
| Quarterly Support | Consultants, agencies, solopreneurs | VAT returns, summary reports, compliance review |
Need something in between? We offer flexible custom schedules too.
With outsourced cloud-based systems, you benefit from:
End-to-end encryption of financial documents
Automatic backups (hourly/daily)
Bank-level access control
Multi-user permissions with audit logs
We use ISO-certified software environments and enforce strict internal data protocols, so your financial data stays safer than it would on a local desktop.
Today’s accounting isn’t isolated. We seamlessly integrate with:
POS systems like Vend, Lightspeed, or Square
E-commerce platforms like Shopify, WooCommerce, Amazon
CRM tools like HubSpot, Zoho CRM, and Salesforce
Inventory tools for stock-based businesses
Eliminate double entry, improve data accuracy, and speed up reporting—all from one dashboard.
Facing an audit? With us, you’re prepared year-round.
Our clients benefit from:
Clean, reconciled books
VAT-compliant invoicing records
Real-time transaction logs
On-call liaison with your auditor or the NBR
Because we maintain audit-readiness throughout the year, the actual audit process becomes fast, smooth, and stress-free.
Outsourced accounting isn’t just about compliance—it’s about growth intelligence.
We provide:
Custom dashboards for KPIs that matter to you
Weekly or monthly snapshots of sales, cash, and expenses
Forecasts to anticipate cash flow dips
Scenario planning (e.g. “What if I hire 3 more staff?”)
Numbers are only powerful when you understand what they mean. That’s where we come in.
Bahrain’s financial and tax environment is becoming more structured:
10% VAT now applies to most goods/services
Audits are more frequent under the NBR
Payroll compliance and WPS are tightly monitored
The Ministry of Industry and Commerce requires accurate annual reports
Outsourcing ensures your business stays compliant and agile, even as regulations evolve.
Minimize risks and maximize growth with our comprehensive accounting solutions in Bahrain.
Simplify your financial management with our customizable accounting packages:
Best for startups. This plan includes basic bookkeeping and financial reporting to keep you compliant.
Suited for SMEs, offering enhanced financial reporting, payroll management, and budgeting support.
Tailored for larger businesses, providing advanced financial advisory, detailed reporting, and cash flow management.
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.
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