Now that VAT has been implemented across the GCC, which includes the UAE, your business will need to go through an enormous documentation and bookkeeping process, which if left to mere human efforts would end up stagnating your business and naturally induce so many losses on your side. Therefore, it would be wise on your part to choose a VAT enabled accounting software in UAE. With the help of VAT software, you can process all the requirements that VAT might impose on you. Here are the things that a VAT enabled accounting software in UAE can do for you.
Filing for your VAT Returns
With a VAT enabled accounting software in UAE, you won’t need to capture tax data separately or have to export data to another software for filing. With this software, you can now develop VAT compliant invoices and then verify the tax sizes on each transaction as it is being generated. Monthly returns will be generated automatically, so the filing process will only require a mere flick of the button.
It is online
Accounting software is integrated directly with the internet, making it easily accessible to those who want to get the latest information about the tax returns whether they are out of station or not. You would also be able to do things like fetch bank transaction online.
There are several more things you can do:
- Management of debtors and creditors
- Sales Invoice Generation
- Financial Management Reporting
- Automatic Calculation of VAT
Combine with other software
One of its more prominent features is its ability to be integrated with other software and modules. Modules that are not present in the software can be assimilated via a combination. This allows the VAT enabled accounting software in UAE to be integrated with modules such as stock and payroll and such. Of course, there are multiple software out there which already would have all the necessary software integrated into them.
Indeed there will be modules inside VAT enabled accounting software in UAE that would meet all the necessary requirements of the transition to a VAT economy. Modules such as:
- Purchase
- Inventory
- Sales
- Financial Accounting
- Point of Sales
- Payroll
Advantages
There are so many advantages that a Vat enabled accounting software in UAE can provide for you:
- Quick and Easy Setup
- Simple and user-Friendly
- Data backups
- Secure
- Cost-Effective
- Flexible User Access
- Multi-Platform
- Customisable
- Multi-Language
- Multi-Company
- Multi-Currency
- Multiple Module Integration
With a proper Vat enabled accounting software in UAE by your side, you will have not to fret about your tax worries ever again.
