Cutme
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, withholding tax and e-invoicing to the stock count. Free, with no sign-up.
How to prepare the monthly VAT return in Egypt
The Egyptian VAT return step by step: who must register, the 14% rate, output vs input tax, the monthly deadline and a checklist for filing on the ETA portal.
Read the guide →Withholding tax in Egypt: how to deduct, record and report it
How withholding tax works for Egyptian companies: who must deduct, the common 1%, 3% and 5% rates, the calculation, quarterly Form 41 and the journal entries.
Read the guide →ETA e-invoicing in Egypt: requirements and how it works
ETA e-invoicing in Egypt explained: who must join, portal registration, e-signature and item codes, how invoices are validated, credit notes and rejections.
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 counts, recounts, variances and posting the adjustment.
Read the guide →Chart of accounts: structure, numbering and an example
What a chart of accounts is, the five account groups, how to number accounts, and a sample chart for an Egyptian trading company with VAT and withholding.
Read the guide →How to calculate depreciation of fixed assets
Calculate depreciation step by step: cost, useful life and salvage value, straight-line and declining-balance examples, the monthly entry and selling an asset.
Read the guide →How to close the financial year: a checklist
A year-end closing checklist for small and medium companies: reconcile cash and banks, count stock, post depreciation and accruals, close and lock the year.
Read the guide →How to do a bank reconciliation
How to reconcile your books with the bank statement: match items, list outstanding cheques and deposits in transit, record bank charges, with a worked example.
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.
Read the guide →Trial balance: how to prepare it and find the errors
What a trial balance is, how to prepare one from the ledger, unadjusted vs adjusted trial balances, and the errors a balancing trial balance still hides.
Read the guide →The three financial statements, explained
What the income statement, balance sheet and cash-flow statement each show, how they connect, and how an Egyptian business owner can read them.
Read the guide →Inventory valuation: FIFO and weighted average compared
How to value stock with FIFO and periodic or moving weighted average, a worked example of each, the lower of cost and NRV rule, and why LIFO is not allowed.
Read the guide →Cost centres: how to design and use them
What a cost centre is, how it differs from a profit centre and an account, how to choose cost centres by branch, project or line, and how to share costs.
Read the guide →Managing what customers owe you and what you owe suppliers
Credit terms, customer statements, ageing, collection routines, supplier statement reconciliation and payment scheduling for small companies in Egypt.
Read the guide →Accounting controls every small business should have
Simple internal controls a small Egyptian company owner can set up: separating duties, approvals, cash and bank checks, closed periods and the audit trail.
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