Clean books are the foundation of every financial decision your Saudi entity makes, yet they are also where problems hide. Unreconciled bank balances, misclassified VAT, aging intercompany positions and inconsistent revenue recognition tend to surface at the worst possible moments, during an external audit, a ZATCA review or a bank facility renewal. A structured account review catches these issues early, while they are still inexpensive to fix, and turns your ledger into an asset you can rely on rather than a risk you carry.
What this covers
- Ledger and trial balance review: line-by-line examination of your chart of accounts, balances and period-end close to confirm completeness and accuracy.
- Reconciliation testing: verification of bank, VAT, payroll, intercompany and supplier reconciliations so reported balances match the underlying records.
- IFRS treatment checks: review of revenue recognition, leases, provisions and accruals against the standards your auditors and lenders expect.
- ZATCA alignment: confirmation that your books fully support the VAT returns, e-invoicing data and zakat or income tax filings you have already submitted.
- Advisory and corrective action: a prioritized findings report with practical remediation steps, not just a list of exceptions.
How Innovant delivers
Innovant’s finance team reviews your accounts with the discipline of an auditor and the perspective of a CFO. We start with your trial balance and reconciliations, trace material balances to supporting evidence, and test the areas where Saudi entities most often go wrong: VAT coding, related party balances and period cut-off. You receive a clear findings memo, a corrective plan agreed with your accounting team, and follow-up reviews that confirm the fixes hold. Where the review reveals deeper process gaps, we help you redesign the close itself.
Whether you need a one-time health check before an audit or a recurring quarterly review, an independent set of eyes protects your numbers and your credibility. Talk to an advisor about scoping a review of your Saudi entity’s accounts.