The software should track, record sales tax across all your sales channels (e-commerce, retail stores, direct sales, distributors, channel partners, and resellers).Įvery SME is unique. Test the mobile apps along with the desktop version on as many devices as possible before you commit to a subscription plan. Some even let you host it on your servers for an additional fee. Here are tips to choosing and comparing the right one:Ĭloud-based accounting software is your best bet because you can easily access it anywhere, anytime on your laptop, tablet and smartphone, securely. Since versions, features are abundant, companies should decide. You need to upgrade or modify to the latest VAT-complaint version for a small fee or free. If you have older versions or non-VAT-compliant software, or what you use is not listed there, then not to worry.
The UAE government has listed some VAT-compliant accounting software on their website. Having one that also hands your VAT transactions is a must. They let you record and process journal entries, inventory, profit and loss, payables, receivables, ledgers, payrolls, bank reconciliation and balance sheets. SMEs use various accounting software such Tally, Focus, QuickBooks, Zoho, Wave, Xero, spread sheets (such as MS Excel), ERP such as Odoo, Sage, Orion, Epicor, Microsoft, SAP to name a few or custom software.
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