Daily Bookkeeping & Ledger Maintenance
EAS Compliance:Full compliance with Egyptian Accounting Standards (EAS).
Software Systems:Expertise in SAP, Oracle, Odoo, and QuickBooks.
Ledgers:Maintenance of general and subsidiary ledgers in both Arabic and English for local and foreign investors.
Audit Trails:Daily/weekly transaction posting, classification, and error correction with complete audit tracking.
Multi-Currency:Handling of multi-currency transactions for import/export entities, including currency revaluations per EAS.
Bank Reconciliations & Credit Control
Reconciliations:Monthly matching of ledgers to bank statements.
Accounts Receivable (A/R):Customer invoice follow-ups, collections, credit control, and bad debt provisioning per Egyptian regulations.
Accounts Payable (A/P):Processing supplier payments, disbursement matching, and cash flow optimization.
Aging Reports:Granular aging schedules and provision calculations for doubtful debts.
Financial Statements & Consolidation
Reporting Standards:Preparation of balance sheets, income statements, cash flows, and equity statements in compliance with EAS and IFRS convergence requirements.
Custom Reporting:Tailored monthly, quarterly, and annual packages for internal management, statutory audits, and board meetings.
Budgets & Variances:Financial benchmarking and variance analysis against Egyptian market benchmarks.
Group Consolidation:Inter-company adjustments and consolidation for holdings with Egyptian subsidiaries or foreign parent entities.
Inventory Valuation & Cost Accounting
Valuation Methods:Approved EAS inventory systems (FIFO, Weighted Average).
Cost Controls:Cost accounting for manufacturing and trading companies, overhead allocations, direct/indirect cost partitioning, and manufacturing cost setups.
Stock Audits:Physical stock counts, stock management, and reconciliations with ETA (Egyptian Tax Authority) requirements for VAT.
Sector Support:Tailored inventory setups for construction, pharmaceuticals, and food processing.
Budgeting & Financial Advisory
Inflation Alignment:Budgeting aligned with Egyptian economic trends and local inflation indicators.
Cash Management:Cash flow forecasting and working capital planning optimized for Egyptian banking environments.
Scenario Planning:Risk-modeling for currency fluctuations and regulatory compliance shifts.
Operational Improvements:Comprehensive ratio analysis (liquidity, profitability, leverage) and cost-reduction audits for operational improvements.
Overseas Bookkeeping
Remote Books Management:Full-cycle bookkeeping for overseas entities and foreign-owned businesses, managed remotely from Egypt.
Cross-Border Reporting:Financial records maintained to both Egyptian and the client's home-jurisdiction reporting standards for consolidated group reporting.
Introduced in 2025 as part of NPI's expansion into digital-first, multidisciplinary consultancy services.
Frequently asked questions
What does your bookkeeping service include each month?
Each month we close the period: bank accounts are reconciled against their statements and customer and supplier balances against the ledger, stock is costed, depreciation is posted, and prepayments and accruals are charged to the month they belong to. The payroll liabilities and the VAT and withholding accounts are reconciled before each return is drafted, and the period is locked in the system once its figures are approved. The books themselves are kept, manually or electronically, to the regularity conditions and retention periods the law sets.
Can you handle the books of a foreign-owned company in Egypt?
Yes. A foreign-owned company in Egypt keeps its books under the Commerce Law and the tax procedures law and prepares its financial statements under Egyptian Accounting Standards, like any Egyptian company. Where the foreign parent needs IFRS figures, we identify the differences between the two frameworks that change the figures and prepare the reconciliations between the Egyptian and international numbers.
Which documents do you need to start?
To start we need the commercial register extract and tax card, the VAT registration certificate if the company is registered, the social insurance file number, the last approved financial statements and tax return, and the trial balance at the start date with the open customer and supplier balances, stock and fixed-asset lists behind it.
Do you prepare the VAT and payroll tax returns as well?
Yes. Our Tax Department prepares the returns and forms on their dates: the VAT return within the month after each tax month, and for payroll tax the remittance of tax withheld within the first fifteen days of the following month, Form 4 each quarter and the annual settlement in January. A business with annual turnover up to EGP 20 million that has applied for the regime of Law No. 6 of 2025 files its VAT return every three months instead, and its payroll tax obligation is limited to the annual settlement return.
How do you work with a company that already has an accountant?
We work alongside them. Your accountant keeps the day-to-day entries, and we review and close each month, prepare the tax returns and prepare the year-end financial statements. The split between us is set out in the engagement letter.
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