We run the books, the monthly close, the reporting and VAT with the discipline of a full finance function, online, without the cost of building the department. You get the numbers, with what they mean and what to do about them.
Month-end close · March 2026Closing calendar · Day 1–5
Bank reconciliationsDAY 1
Accruals & prepaymentsDAY 2
Fixed assets & depreciationDAY 2
PayrollDAY 3
VAT returnDAY 4
Trial balance & reporting packDAY 5
Total debits0.00
Total credits0.00
Difference · SAR—
Balanced ✓
Illustrative figures
12service families, from bookkeeping to CFO support
9ERP & accounting systems we work within
3core markets: Egypt, Saudi Arabia, the UAE
2024established, in Egypt
Why FAHEEM
Built for the gap between two bad options
Most growing businesses sit between a part-time bookkeeper who records transactions accurately but cannot tell the owner what they mean, and a full finance function whose cost is impossible to justify before a certain scale. Either way the owner decides on instinct, and the numbers arrive too late to matter.
Part-time bookkeeperIn-house finance team
Accurate transaction recordingYesYesYes
Monthly close to a published calendar, documented reconciliationsRarelyYesYes
Management reports that explain what moved and why—NoYesYes
Documented work, not one person's memory—NoYesDepends on the team
CostLowMonthly fee by scopeSalaries of a full team
A bookkeeper answers what happened. FAHEEM answers what it means, and what to do about it.
The name
فهيم
An Arabic adjective: one who understands. Not one who records, not one who calculates. It describes the deliverable, not the activity: numbers are the input, understanding is the product.
Services
Twelve service families, grouped by their role in the finance cycle
Services are not sold as a list. They are grouped by the role they play in the finance cycle, so you can see where an engagement starts and what it grows into.
01Record
Accounting & Bookkeeping
المحاسبة ومسك الدفاتر
The transactional foundation: every entry captured, classified and reconciled to source, on a fixed monthly rhythm.
01Record · The transactional base
Accounting & Bookkeeping
المحاسبة ومسك الدفاتر
The transactional foundation: every entry captured, classified and reconciled to source, on a fixed monthly rhythm.
What we handle
Day-to-day bookkeeping and transaction classification
General ledger maintenance and chart of accounts discipline
Bank reconciliation against statements and payment processors
Month-end closing to a published calendar
What you receive
A closed, reconciled ledger each period
Trial balance and supporting schedules
An audit-ready transaction trail
Business impact
Records that survive scrutiny from a bank, an auditor or a buyer
No year-end scramble to reconstruct twelve months of history
A reliable base for every report that follows
02Record
Accounts Payable & Receivable
الذمم الدائنة والمدينة
Control over what the business owes and what it is owed: the two positions that decide whether a profitable company runs out of cash.
02Record · The transactional base
Accounts Payable & Receivable
الذمم الدائنة والمدينة
Control over what the business owes and what it is owed: the two positions that decide whether a profitable company runs out of cash.
What we handle
Supplier invoice processing, coding and payment scheduling
Customer invoicing and receivables tracking
Ageing analysis and collection follow-up support
Supplier and customer statement reconciliation
What you receive
AR and AP ageing reports by counterparty
A payment schedule aligned to available cash
A dispute and exception log
Business impact
Fewer late payments and damaged supplier terms
Faster collection of overdue balances
Early visibility of concentration risk in receivables
03Report
Financial Reporting
التقارير المالية
Statutory-standard financial statements produced on a predictable schedule and written to be read.
03Report · Turning records into statements
Financial Reporting
التقارير المالية
Statutory-standard financial statements produced on a predictable schedule and written to be read.
What we handle
Income statement, balance sheet and cash flow preparation
Monthly, quarterly and annual reporting packs
Comparative and prior-period presentation
Supporting notes and schedules
What you receive
A complete periodic reporting pack
Commentary explaining what moved and why
Statements formatted for banks, auditors and investors
Business impact
Financial position known within days of period close, not months
Credible documentation for financing and due diligence
One consistent version of the numbers across the business
04Report
Management Accounting
المحاسبة الإدارية
Internal reporting built around how the business actually operates: by product, branch, project or channel.
04Report · Turning records into statements
Management Accounting
المحاسبة الإدارية
Internal reporting built around how the business actually operates: by product, branch, project or channel.
What we handle
Management reporting packs for owners and managers
Cost and expense analysis by category and cost centre
Contribution and margin analysis by segment
Departmental and project-level reporting
What you receive
A management pack tailored to the operating structure
Cost breakdowns showing where money is consumed
Segment profitability views
Business impact
Clarity on which products, branches or clients actually earn money
Cost control based on evidence rather than assumption
Pricing decisions grounded in real unit economics
05Interpret
Financial Analysis & Advisory
التحليل والاستشارات المالية
Interpretation of the reported position: the step between having numbers and acting on them.
05Interpret · Turning statements into decisions
Financial Analysis & Advisory
التحليل والاستشارات المالية
Interpretation of the reported position: the step between having numbers and acting on them.
What we handle
Ratio, trend and variance analysis
Profitability and cost structure review
Working capital and liquidity assessment
Advisory support on specific financial decisions
What you receive
Written analysis with a clear position, not raw data
Identified risks, exceptions and opportunities
Recommended actions with financial reasoning
Business impact
Decisions supported by evidence rather than instinct
Problems identified while they are still correctable
A finance voice in the room when it matters
06Interpret
Budgeting, Forecasting & Cash Flow
الموازنات والتنبؤ والتدفق النقدي
Forward-looking finance: what the business expects to happen, and whether it can fund it.
06Interpret · Turning statements into decisions
Budgeting, Forecasting & Cash Flow
الموازنات والتنبؤ والتدفق النقدي
Forward-looking finance: what the business expects to happen, and whether it can fund it.
What we handle
Annual budget preparation and phasing
Rolling forecasts and scenario modelling
Cash flow forecasting and runway analysis
Budget-versus-actual variance reporting
What you receive
An approved budget in a usable format
A maintained forecast updated on schedule
Cash position outlook with identified pressure points
Business impact
Advance warning of cash shortfalls instead of discovery at the bank
Spending measured against a plan rather than last month
Confidence to commit to hiring, stock or expansion
07Comply
Tax & VAT Services
الضريبة والقيمة المضافة
Compliance handled as a scheduled process, supported by records that substantiate every return filed.
07Comply · Meeting obligations on schedule
Tax & VAT Services
الضريبة والقيمة المضافة
Compliance handled as a scheduled process, supported by records that substantiate every return filed.
What we handle
VAT registration support, computation and return preparation
Tax filing support in line with local requirements
Reconciliation of tax accounts to the ledger
Documentation and record-keeping for tax review
What you receive
Prepared returns with supporting computation
A tax compliance calendar
Reconciled tax positions in the ledger
Business impact
Reduced exposure to penalties and interest
Evidence available when authorities request it
No deadline discovered after it has passed
08Comply
Payroll & Compensation
الرواتب والأجور
Accurate, confidential, on-time payroll processing with the correct accounting treatment behind it.
08Comply · Meeting obligations on schedule
Payroll & Compensation
الرواتب والأجور
Accurate, confidential, on-time payroll processing with the correct accounting treatment behind it.
What we handle
Monthly payroll processing and payslip preparation
Payroll journal posting and reconciliation
End-of-service and leave accrual calculation
Payroll-related statutory deduction support
What you receive
Processed payroll and distributable payslips
Payroll reconciliation to the general ledger
Accrual schedules for employee liabilities
Business impact
Employees paid correctly and on time, every cycle
Payroll liabilities recognised rather than discovered
Compensation cost visible as a managed line
09Control
Financial Controls
الضوابط المالية
The checks that make the numbers trustworthy and make fraud and error difficult.
09Control · Making the numbers trustworthy
Financial Controls
الضوابط المالية
The checks that make the numbers trustworthy and make fraud and error difficult.
What we handle
Review and design of approval and authorisation flows
Segregation of duties assessment
Reconciliation controls and exception review
Documentation of finance policies and procedures
What you receive
A documented control framework
Exception and control breach reporting
Written finance procedures the team can follow
Business impact
Reduced risk of loss through error or misappropriation
A business less dependent on trusting one individual
Readiness for audit and investor scrutiny
10Operate
ERP & Accounting Systems
أنظمة المحاسبة وتخطيط الموارد
Getting the accounting system to produce the right output: correctly configured, correctly used.
10Operate · The systems behind the finance function
ERP & Accounting Systems
أنظمة المحاسبة وتخطيط الموارد
Getting the accounting system to produce the right output: correctly configured, correctly used.
What we handle
Accounting system setup and chart of accounts design
ERP accounting support and configuration
Migration and opening balance validation
User guidance on correct transaction processing
What you receive
A configured system aligned to the reporting requirement
Validated opening balances
Documented processing conventions
Business impact
A system that produces reports instead of requiring rework
Consistent data entry across users
Reporting capability that grows with the business
11Operate
Finance Automation & Process Improvement
أتمتة وتحسين العمليات المالية
Removing manual handling from the finance cycle so the close gets faster and less error-prone each period.
11Operate · The systems behind the finance function
Finance Automation & Process Improvement
أتمتة وتحسين العمليات المالية
Removing manual handling from the finance cycle so the close gets faster and less error-prone each period.
What we handle
Review of existing finance workflows
Automation of recurring finance processes
Elimination of duplicate and manual re-entry
Process documentation and handover material
What you receive
A mapped and improved finance process
Automated recurring workflows
Written procedures for continuity
Business impact
A shorter close and faster reporting
Lower error rate and less rework
Finance capacity redirected from processing to analysis
12Advise
CFO & Finance Support
خدمات المدير المالي والدعم المالي
Senior financial judgement for businesses that need the thinking without the permanent appointment.
12Advise · Senior financial judgement
CFO & Finance Support
خدمات المدير المالي والدعم المالي
Senior financial judgement for businesses that need the thinking without the permanent appointment.
What we handle
CFO-level advisory on financial strategy and structure
Review of financial performance with ownership
Support for financing, banking and investor discussions
General business finance support
What you receive
Structured review sessions with senior finance input
Board- and bank-ready financial material
A considered position on major financial decisions
Business impact
Senior financial capability without a full-time salary
Better-prepared conversations with banks and investors
An experienced check on significant commitments
A
How engagements start
Most clients begin in Record: the books have to be trustworthy before anything built on them means anything. Families are added as the business needs them, not sold as a bundle.
B
How it grows
A client on bookkeeping alone moves to reporting, then to interpretation. The chart of accounts set up in family 01 is what makes families 03 to 06 possible without rework.
C
Scope is written down
Every engagement letter states which families are in scope, the closing calendar, and what the client supplies. Ambiguous scope is the most common cause of a failed accounting relationship.
Approach
From transaction to decision
The nine stages every FAHEEM engagement moves through. Most firms stop at stage five.
01–05 · What a competent bookkeeper delivers06–09 · Why the firm is called FAHEEM
01
What you receive
A report that gets read, not filed
The position first, then the evidence. Every figure carries a comparison, and every pack ends in a recommended action. A report that is accurate but unread has failed; a report that changes a decision has worked.
01
Monthly reporting packFinancial statements with commentary on what moved and why.
02
Management dashboardFour KPIs maximum above the fold, in PDF, Excel or Power BI.
03
Supporting schedulesTrial balance, reconciliations, ageing and the asset register.
04
Exceptions & actions logWhat is still unreconciled, who owns it, and when it closes.
Management dashboard · Mar 2026 · SAR
Revenue1.24m+5.1%
Gross margin40.2%+1.4 pts
Net profit186k+9.6%
Cash842k(3.2%)
Revenue by quarter
Cash bridge
Account
MAR 26
BUDGET
VAR
Service revenue
980,100
940,000
+4.3%
Other income
260,400
240,000
+8.5%
Total revenue
1,240,500
1,180,000
+5.1%
Direct cost
(742,300)
(690,000)
(7.6%)
Overheads
(311,800)
(320,000)
+2.6%
Net profit
186,400
170,000
+9.6%
RecommendationRaise the retail price 4% from 1 May and hold the trade discount at current levels.
ExceptionThree supplier accounts remain unreconciled at period close. Balances are provisional.
Illustrative figures · single rule = subtotal · double rule = total
Free tools
Try the treatment yourself
Four calculators that run in your browser, built on the same figures as our explainers. Change the inputs and the schedule and journal entries update instantly, always balanced.
Illustrative · nothing is stored · not tax advice
Insights
Understand the standard in a minute
Short explainers on YouTube: the standard, the entry, the common mistake, and a free Excel calculator.
The expertise is the product; the systems are how it is delivered. You are not handed software and left to operate it.
Client
The owner and their team
Document upload
Approvals
Reporting pack
Qualified finance professionals doing the work
Bookkeeping & close
Review & reconciliation
Reporting & analysis
Advisory
Systems
The accounting and reporting platforms
Your accounting / ERP ledger
Document management
Reporting & BI layer
What digital changes
Records are current rather than quarterly. Reports arrive days after close, not months. Documents are exchanged securely instead of by email attachment.
What it does not change
A qualified person still reviews the ledger, reconciles the balances and signs off the pack. Automation removes handling, not judgement.
Platform position
We work within your existing platform wherever possible, rather than requiring a migration before the engagement can start. Systems are chosen to fit the client, never the reverse.
The systems we work within
Microsoft Dynamics 365
Zoho Books
Odoo
SAP
QuickBooks
Xero
Qoyod
Daftra
Dafater
Microsoft Excel
Power BI
Power Automate
Trademarks belong to their owners. FAHEEM is not an authorised reseller of any of them.
FAQ
Before you get in touch
Direct answers to what owners ask before an engagement starts.
Do we need to change our accounting system first?
In most cases, no. We work within your existing platform wherever possible; systems are chosen to fit the business, never the reverse. If the system itself is the problem, we say so in writing before any migration.
How does FAHEEM work remotely?
Documents reach us through agreed secure digital channels, we work in your system or one we agree on, and reports are issued to a closing calendar published in advance. Delivery is digital, but a qualified finance professional still reviews the ledger and signs off the reporting pack.
Which countries do you serve?
Businesses in Egypt, Saudi Arabia, the UAE and the wider GCC. We work to IFRS and handle VAT in Egypt (14%) and Saudi Arabia (15%).
How are fees set?
A fixed monthly fee based on scope: transaction volume, number of entities and branches, and the service families included. We set it after a short diagnostic of your books, and it is written into the engagement letter.
Where do engagements usually start?
Most clients begin in Record: the books have to be trustworthy before anything built on them means anything. Other families are added as the business needs them, not sold as a bundle.
How do you keep our data confidential?
Access is limited to the engagement team, and every financial reporting pack carries a Client Confidential label. A non-disclosure agreement can be signed before any data is exchanged.
Do you provide legal advice, statutory audit or representation before authorities?
No. We prepare returns and the records that support them, but the service is not formal legal or tax advice, a statutory audit, or representation before regulators. We coordinate with your auditor or adviser where needed.
In which language are reports issued?
Arabic, English, or both side by side. Figures are always Western numerals (1234), the currency code precedes the amount, and negatives sit in parentheses.
Contact
We start with your books as they are
Tell us where things stand and we reply with a specific first step. No commitment until you see the scope in writing.
01
A WhatsApp messageYour business, country and current accounting system.
02
A diagnostic sessionWe review the state of the books and what the business actually needs.
03
An engagement letterFamilies in scope, the closing calendar and the monthly fee.
04
The first closeReconciled books and the first reporting pack, on the calendar.
