Accounting software plays an important factor in business growth and development. Hence it is very necessary to choose the right accounting software which will make your accounting easy for you and also show you the business trends and analysis. Accounting software should not be restricted to accounting work only, but it should be able to print vouchers, payment details, give business insights, generate reports that are customizable, should be able to give you good insights and progress of your business, and help you take better decisions in future. Here are the best accounting software used in UAE and preferred by many businesses and organizations across Dubai, Abu Dhabi, Sharjah, and other Emirates. These Accounting Software are VAT compliant which will help you to carry out transactions smoothly and helps you calculate the tax refunds and other expenditures wisely. Following are Best Accounting software Solutions used in Dubai UAE.
1. Intuit QuickBooks
Known for its easy User Experience and simple User Interface, QuickBooks is a powerful accounting software equipped with many features and functions to run your business smoothly. Quickbooks has 3 main versions. The UK, US, and Canada. Only the UK version supports VAT functionality while the US does not support VAT functionality. Hence the UK Version is the preferred version of QuickBooks in UAE.
Quickbooks has the following editions.
QuickBooks Pro.
Quickbooks Premier.
Quickbooks Enterprise.
Quickbooks Pro is the base edition that is suitable for all the basic accounting functionality used by a small business and start-ups. Some of the features include Inventory tracker, Sales tax tracker, Invoicing, Manage bills and other payables, Track Income, and Expenses.
Quickbooks Premier is the Industry level accounting software used by many industrial business and factories. This edition has the features and functions of the pro version and additional features like Units of Measurements, Flexible pricing for different customers, financial forecasting, Create backorders and a few other features.
QuickBooks Enterprise edition is only available in the US version and not available in the UK version. This edition is subscription-based software, where you have to pay monthly subscription fees to use the software.
There is also a Quickbooks Accountant edition which is useful and relevant only for Auditors and Chartered accountants.
If you are unable to decide which version suits your organization the best you can contact us and our expert technicians to guide you. You can always upgrade from the pro version to premier version and then to enterprise version as and when you want. So QuickBooks is Best Accounting software Solutions used in Dubai UAE.
2. Tally.ERP 9
This software has the power of a full-fledged ERP software and has many features packed into it. It comes in a standard package that contains all the features together. You can later enable and disable the features that you want. The tally comes in two versions.
Silver Edition (Single User)
Gold Edition (Multi-User)
Tally now comes with additional features like remote access and encryption technology. It is installed on your desktop or on your server for multiple access.
Tally covers all accounting activities of your company
Maintain Stock
VAT calculation
Prepare Financial Report
Cheque Management
Maintain an account of all Customer and supplier
Generating invoices
Payroll
Loan and advances
Tally User interface is very basic and fast to use. You can operate it with the help of a keyboard only and navigate around it easily. It has a drill-down feature that helps you analyze reports and know the growth of the business organization. This accounting software also has the VAT enabled the feature which is good for the UAE tax validation and refunds. So Tally ERP 9 is the Best Accounting Software Solutions used in Dubai UAE.
3. Sage:
Previously, Sage had products like Sage 50 US, Sage 50 UK, Peachtree, and other accounting software, but now they have discontinued these products. They have currently moved everything online and have changed the mode of payment to a subscription basis, where you have to pay annually. This product is very cost-efficient and gives you many features at the best prices in the market.
Reference: www.penieltech.com
