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Practical guides to accounting, tax and inventory
Clear answers to the questions small and medium companies in Egypt face every day, from the VAT return to the stock count. Free, with no sign-up.
How to prepare the monthly VAT return in Egypt
A practical guide to the Egyptian VAT return: who must register, the 14% rate, output vs input tax, the monthly deadline, and a step-by-step checklist before you file on the ETA portal.
Read the guide →Stock count procedure: how to run a physical inventory count
A step-by-step stock count procedure for shops, distributors and warehouses: planning, cut-off, blind counting, recounts, investigating variances and posting the adjustment.
Read the guide →Chart of accounts: structure, numbering and an example
What a chart of accounts is, the five main account groups, how to number accounts, and a sample chart for a small trading company in Egypt including VAT and withholding tax accounts.
Read the guide →How to calculate depreciation of fixed assets
How to calculate depreciation step by step: cost, useful life and salvage value, the straight-line and declining-balance methods with worked examples, the monthly journal entry, and what happens when an asset is sold.
Read the guide →How to close the financial year: a checklist
A practical year-end closing checklist for small and medium companies: reconcile cash and banks, count stock, post depreciation and accruals, review the trial balance, post the closing entry and lock the year.
Read the guide →How to do a bank reconciliation
How to reconcile your books with the bank statement: tick matching items, list outstanding cheques and deposits in transit, record bank charges, and a worked example of a bank reconciliation statement.
Read the guide →Accounting and inventory glossary
Plain definitions of common accounting, tax and inventory terms used by companies in Egypt, with the Arabic and English term side by side.
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