Which Accounting Software Used in UAE

 This is a common question for any business starter in United Arab Emirates. Questions like: How could I keep record of my financial transactions? How to prepared report of VAT?, What is the best print format of invoice?, How to calculate salesperson commission?, and questions more like above .. 

Choosing Factors

But how could you understand to which accounting software suits for your business in UAE?, answer to this question depends on the type of your business and how cash flow occurs within it. so that it is crucial to understand your business needs to make the right decision. some important factors are size of your business (size of shop, or company), volume of transactions, format of VAT report,... 

However, it will help you to choose an accounting software for managing your finance effectively and efficiently.

Online of Offline server

In today's world, the internet has become an integral part of our lives and business, connecting us to the rest of the world. Therefore, it is crucial to consider the internet as a primary factor when selecting the right accounting software. By doing so, you can ensure that your accounting needs are met with the most efficient and effective software available.



Comments

Post a Comment

Popular posts from this blog

VAT Report in UAE

Image
 This most requirement for business owners in UAE is VAT report. Because VAT is new rules in economic organization of UAE.  The implementation of VAT rules in the economic organization of UAE has made it mandatory to calculate 5% of sales amounts accurately In simple view, it is enough to calculate 5% of sales amounts. but it is not as simple as it seem! A slight mistake to calculate VAT amount or presenting the report in a wrong format, can lead to a penalty of up to 20,000 AED from the economic department. Example VAT report by iGreen accounting software
Read more

Debit and Credit terms in Accounting

Debit & credit words are formal bookkeeping & accounting terms. They are the most fundamental concepts in accounting software and bookkeeping applications that represent the two sides of each individual transaction recorded in any accounting system and accounting application. A debit transaction indicates an asset or an expense transaction, and a credit indicates a transaction that will cause liability or a gain. A debit transaction can also be used to reduce a credit balance or increase a debit balance. Example of Debit & Credit in a journal entry Please look at a sample journal entry in the accounting software as below: in this journal entry, Jack should pay 1200 $ for rent, then we put this money in the column debit for his account and in the credit column for income account (Property rents). Note: here Jack didn't pay the rent yet. A credit transaction can be used to decrease a debit balance or increase a credit balan...
Read more