Sharjah 24: As part of its efforts to enhance the financial empowerment of national small and medium enterprises in the Emirate of Sharjah, the Sharjah Foundation for Entrepreneurship Support Sharjah SME Ruwad of the Sharjah Economic Development Department announced the joining of McLedger Accounting LLC to the group of its accounting partners supporting the projects (financial efficiency) initiative, whereas the company will provide its financial services in the fields of accounting and auditing, and providing integrated solutions to the pioneering projects.

His Excellency Hamad Ali Abdullah Al Mahmoud, Director of Sharjah SME Ruwad and Mr. Ahmed Salem Al Mousa from McLedger Accounting, concluded a contract stipulated the provision of services for organising and maintaining accounting records and books, and following up on tax procedures for the benefit of projects at competitive fees.

In this regard, His Excellency Hamad Ali Abdullah Al Mahmoud, Director of Sharjah SME Ruwad, welcomed this cooperation, expressing his pride in McLedger Accounting joining the group of partners supporting this initiative, which was announced and started last March, as Ruwad is the third expert office to join the initiative and which will provide its specialised services and solutions to projects.

Al Mahmoud indicated that the initiative plan aims to include and attract more accounting companies during the coming period, and the Ruwad will provide its services to follow up coordination procedures; supervise the activation of these contracts and agreements; ensure that projects benefit from the system of services; and evaluate the impact of these services.

Al Mahmoud explained that Sharjah SME Ruwad will launch a wide campaign about the initiative to introduce these services to its member projects, in a way that contributes to achieving its financial and operational goals, and consolidating its financial position and competitiveness in the market.

Mr. Ahmed Salem Al Mousa from McLedger said that the company is proud of this step, which will increase the chances of startups benefiting from the services provided by the company in the fields of accounting and auditing.  

Al Mousa  added that the agreement will be positively reflected in ensuring the accuracy of the accounting data installed in the books and records of these projects, and identifying any observations or errors that may exist, in order to achieve a strong and effective system of internal control for these projects, and the clarity of their financial position and results in terms of profit or loss at the end of each financial year.