Companies are requested to keep accounting records either in hard or electronic form; kindly note the electronic form is highly advised where up to date accounting record is electronic.

1. General Ledger (سجل اليومية): a general ledger contains all the accounts for recording transactions relating to a company’s assets, liabilities, owner’s equity, revenue and expenses.
2. Subsidiary ledger (سجل الاستاذ): a subsidiary ledger contains the detailed movements of each account within the general ledger.
3. Payroll records (سجل الرواتب والاجور): payroll records are records showing names of employees, the compensation paid, type of work, start date, and date of termination.
4. Inventory records (سجل الجردة): inventory records show the cost of a business’ assets that are ready or will be ready for sale, in addition other sub records such as  year-end inventory, balance sheet and income statement.
5. Share ownership records for joint stock companies (سجل الاسهم الاسمية): the Share ownership records for joint stock companies shows each owner`s percentage of ownership for a certain company since establishment.

Although it is not a requirement, having an accountant will make your life easier especially for tax purposes.