Financial Management Reporting &

Bookkeeping Services

www.onyxfc.com

OUR SERVICES

Our Value Proposition

You don’t have financial statements nor business direction ?

Can’t rely on the reliability of your accounting records ?

Unable to generate meaningful reports for your finances and profitability ?

Having problems in analyzing financial performance for your operations ?

Unable to produce timely financial reports ?

You lack strategic advice on your financial results ?

Facing problems with your cash flows ?

Can’t forecast or budget for your business ?

Unable to fulfill regulatory or lenders’ financial reporting requirements ?

You lack the financial team to support expansion plans ?

Seeking investors who require historical financial data but it is unavailable or inadequate ?

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All what you need to do is to outsource your accounting function to Onyx.

By doing that, you will receive a world class solution to your financial

needs

OUR SERVICES

Our Value Proposition

Onyx has developed a unique comprehensive and scalable solution to your accounting

requirements which will contribute to your business competitiveness.

The future of accounting is in automation, cloud computing, and real time information processing.

Onyx will lead the journey for your accounting transformation into a forward looking, closely

monitored, reliable and timely reporting for management to make correct decisions.

Our team has unparalleled knowledge reaching more than 30 years of experience in accounting

and financial consulting at the top positions in worldwide firms with extensive understanding in the

IFRS and the local legal framework. The team is at the disposal of your fingertip to deliver the

accounting solution and act as your CFO in providing the necessary performance analysis and

strategic advice.

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OUR SERVICES

Our service is just the thing you are looking for if you are:

Existing or under-formation company looking for assistance with financial record-keeping

Starting a new company and want to make sure that everything is handled correctly from the

beginning

Losing time and money because of mismanaged financial records

Spending too much money on full-time employees

Wishing you or your staff had a better understanding of QuickBooks Accounting software

Looking for advice related to company structure, asset valuation, and conversion of existing

establishment to LLC including required shareholders agreements

Entering a business with more than one owner and looking for an independent and highly

qualified financial management and reporting expert to monitor compliance and produce accurate

records while maintaining adequate internal control

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What we do?

Onyx provides a full range of accounting and management reporting services geared towards

assisting small to mid-sized companies.

Our main objective is to enable business owners like you to focus on your core business functions

by implementing effective controls and designing appropriate accounting procedures that reflect

accurate and reliable financial data.

Our advanced technical expertise, industry-specific knowledge, and strong accounting background

make us a valuable asset for any company looking for accounting solutions. We provide timely,

cost effective, scalable and customized accounting solutions with 24/7 access to your financials

through our secure cloud server.

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OUR SERVICES

Benefits

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Key Benefits Us In-House

Accountant

Qualified Team of Professionals ✔ X

Reduced Operating Costs (salary) ✔ X

Reduced Overhead Costs (training) ✔ X

Financial Data Secured on E-cloud ✔ X

Off Load Non-Core Function ✔ X

Financial Advice and Consultation

from our CEO ✔ X

Here are the top 6 reasons to outsource your accounting department to us:

WHY US

WHY US

Multi-tier level data processing and analysis

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• Final review and approval on financial reporting package

Partner

• Accounting Procedures set - up and restructuring

• Reviews all work of professionals and paraprofessionals Manager

• Perform checks and balances (adjusting entries and bank reconciliations)

Professional

• Data Entry and daily work (invoices, purchase order and receipts) Paraprofessional

• Obtain and Organize all supporting documents from the client Support

Your financial data passes through

6 stages by different individuals

each contributing from their

expertise and qualifications.

Duties are segregated to avoid

self-review and self-authorization.

Our Service Plans

To provide greater flexibility and choice Onyx Financial Consulting offers its services under two

plans:

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WHY US

1. Financial Management and Reporting Onyx Client

Accounting Structure Set-up ✔ X

Training your staff on accounting software ✔ X

Recording Transactions X ✔

Issuing invoices, purchase orders, sales receipts X ✔

Checks and Balances ✔ X

Customization of Financial Reporting Package ✔ X

On going consultation and act as your CFO in providing strategic advice ✔ X

2. Bookkeeping Services Onyx Client

Accounting Structure Set-up ✔ X

Recording Transactions ✔ X

Issuing invoices, purchase orders, sales receipts ✔ X

Checks and Balances ✔ X

Customization of Financial Reporting Package ✔ X

WHY US

Multi-tier level data processing and analysis

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• Final review and approval on financial reporting package

Partner

• Accounting Procedures set - up and restructuring

• Reviews all work of professionals and paraprofessionals Manager

• Perform checks and balances (adjusting entries and bank reconciliations)

Professional

• Data Entry and daily work (invoices, purchase order and receipts) Paraprofessional

• Obtain and Organize all supporting documents from the client Support

Your financial data passes through

6 stages by different individuals

each contributing from their

expertise and qualifications

Duties are segregated to avoid

self-review and self-authorization

THE PROCESS

FOR A NEW BUSINESS

Starting a new business can be one of the most exciting and challenging events in a person's

life. By making use of the services we provide, you can allow yourself the time and energy

to focus on bringing in new business, and you can ensure that your bookkeeping is

handled correctly from the start. We will work with you and your staff if needed to

establish a system of recording and reporting that fits with your needs and plans.

Contact Us No-Cost

Consultation Set-up

Determine Ongoing Schedule

Establish Bookkeeping

System

Ongoing Bookkeeping

STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6

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Contact Us No-Cost

Consultation Set-up & Training

Ongoing Management and

Support

Provide period reporting package

STEP 1 STEP 2 STEP 3 STEP 4 STEP 5

Bookkeeping

Services

Financial

Management

and Reporting

Services

THE PROCESS

FOR AN EXISTING BUSINESS

You have grown your business into a winning operation, but maybe you have come to a

point where the demands on your time don't allow you to handle your finances as well as

you would like. Or, maybe you are finding that the costs of having a full-time financial

controller are too high for your current position.

With our services, you know that your day-to-day financial record-keeping and reporting

will be handled quickly and correctly. In addition, you pay based on the volume of your

transactions.

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Contact Us

No-Cost Consultation

Clean-up of Existing Books

Set-up & Training

Ongoing Management and Support

Provide period reporting package

Bookkeeping

Services

Financial

Management and

Reporting

Services

Contact Us

No-Cost Consultation

Clean-up of Existing Books

Set-up

Determine Ongoing

Schedule

Establish Bookkeeping

System

Ongoing Bookkeeping

STEP 1 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 2

STEP 1 STEP 3 STEP 4 STEP 5 STEP 6 STEP 2

THE PROCESS

Financial Management and Reporting Option

1 2 3

You upload source documents directly on QuickBooks You scan & upload the source documents to QuickBooks for proof of transactions.

Adjust and review your clerk’s data entry Your clerk does the data entry and our professional accounting consultants adjust and reconcile your books on the same E-Cloud server.

We upload the required financial reports We upload the agreed upon financial reports on our website. You come to office the next morning and download the required reports onto your computers.

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OUTSOURCING OPTIONS

Outsourcing your accounting department to us is fast and easy. Our team can work with you in the way that suits you best to make the entire outsourcing process an incredibly pleasant experience

THE PROCESS

OUTSOURCING OPTIONS

Bookkeeping Option

1 2 3

You provide us with the source documents Our driver collects the source documents from your office and delivers them to our premises Or you scan & upload the source documents.

We update your books Our bookkeepers update your books on QuickBooks the same day on our secured online server.

We upload the required financial reports We upload the agreed upon financial reports on our website. You come to office the next morning and download the required reports onto your computers.

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Deliverables

FINANCIAL REPORTING PACKAGE

In addition to the basic financial reports, we provide you with a reporting package tailored to

your requirements and the industry of your business. They include but are not limited to the

following reports:

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Sales Expenses Receivables Payables Projects Work in Progress Inventory

• Sales by product or service type • Sales by customer/client • Sales by project

• Sales by period

• Expenses by product/service type

• Expenses by customer/client • Cost by project

• Cost by Item type

• Cost by period

• Accounts receivable summary • By client • Byproduct/ service type

• Collections report

• Aging receivables report

• Accounts payable aging summary

• Accounts payable summary by vendor

• Opened Pos

• Details of received

Pos

• Estimates vs. Actual revenue and costs

• Job profitability summary

• Detailed of

secured contracts and status

• WIP by project

• COS Vs. WIP by project

• Inventory valuation (cost and quantity)

• Inventory cost Vs. price by item

• Inventory

count by item

• Stock item movement if required

Deliverables

REPORT SNAPSHOTS

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Deliverables

REPORT SNAPSHOTS

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Deliverables

REPORT SNAPSHOTS

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Deliverables

FORM SNAPSHOTS

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RESOURCES

Software

• QuickBooks Enterprise Solutions is the most flexible Accounting Software that adapts to the way a business is run. It can generate industry related reports tailored to the requirements of each client.

QuickBooks Enterprise

• Microsoft Excel is used by our team of experts to perform the required analysis on your financial data.

Microsoft Excel

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Mobile Cloud Applications

• Dropbox is a secure online file sharing system that allows participants to upload and view their files instantly and securely.

Dropbox

• QuickBooks cloud hosting provides users with a managed environment for accessing and working on financial data remotely from anywhere around the world.

QuickBooks Cloud Hosting

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RESOURCES

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+966557875532

+966502328770

+966126986513

info@onyxfc.com

Business Hours: 9am – 6pm Sunday to Thursday

CONTACT US

You can also visit us at our

member firm office in

Jeddah

www.onyxfc.com

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Onyx will accompany your

organization throughout the whole

journey to success.

This is our commitment to you!