Start with a UAE chart of accounts
Every new company arrives with a chart built for the UAE — VAT input and output, end-of-service benefits, trade licence fees, corporate tax payable — and a fiscal calendar that starts in the month you choose.
- Accounts the system relies on are protected from deletion
- Add your own accounts between the seeded ones
- Twelve monthly periods worked out from your fiscal year
Sell, buy and get paid
Quotations through to credit notes on the sales side, purchase orders through to supplier credit notes on the buying side. Receipts and payments settle invoices directly, so ageing is always right.
- Draft, approve, then post — posted documents cannot be edited
- Part payments and money held on account
- Customer and vendor statements
Multi-currency, done properly
Invoice in any currency at the UAE Central Bank rate for the date. When a foreign invoice is settled at a different rate, the realised gain or loss is worked out and posted for you.
- Daily Central Bank rates, or set your own
- Weekend invoices use the last published rate
- Every amount also held in AED
Reports you can file from
Trial balance, profit and loss, balance sheet, account ledgers, ageing in both directions and the VAT 201 — filterable by cost centre and project, exportable to a spreadsheet or PDF.
- VAT 201 checked against the ledger before you file
- Profit and loss for each cost centre or project
- Close periods so filed figures cannot move
