Have you ever wondered what the best accounting software for small business in UAE is? It’s a tough question, but there are many good options available. Whatever you choose, it must be user-friendly and simple to use or else you’ll end up wasting a lot of resources on something you don’t truly need.
Deciding which accounting software is best for your small business can be a challenging task with numerous options on the market. To help you make this important decision, we offer a list of free accounting software uae that you can use to grow your business. This tutorial will explain which accounting software is best for small businesses in the United Arab Emirates. These accounting software has been used by many small business owners, and has been considered one of the best suite of accounting and financial software in UAE.
What is an accounting software?
Accounting software is a solution used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts. Here are some of the most important features, benefits, and things to consider when you pick an accounting tool for your business.
Every accounting software has different sections – modules – that deal with specific parts of the accounting process.
The core modules are:
- accounts receivable, for all money the business receives
- accounts payable, for all money the business owes
- general ledger, which is the company’s records (“books”)
- billing/invoicing, for all invoicing to the business’ customers
- inventory/stock, for all the company’s inventory
- purchase order, for all the inventory orders
- sales order, for all the orders received by customers
- bookkeeping, for the business records payments and collections
There are other modules in different accounting software that are added on as needed. They include:
- Costing expense, for entering employee business-related expenses
- payroll, for tracking employee salary and related taxes
- reports, for printing out financial data on various parts of the business
QUICKBOOKS ACCOUNTING SOFTWARE
Intuit QuickBooks is one of the most familiar names in the accounting software world. Quickbooks Enterprise ERP is generally considered one of the best business management apps on the market. It boasts the QuickBooks user interface that is easy to learn with intuitive operation. Almost all professional accounting firms either use QuickBooks as part of their own accounting software tool set or are familiar with the file formats so QuickBooks users can send QuickBooks data directly to their accounting services. Several custom solutions are available pre-configured to meet the needs of specific industries. QuickBooks Enterprise is best suited to mid-size businesses up to about $250 million. A larger business might benefit from a more professional-focused offering. Fully trained accounting professionals can find the interface somewhat isolating because it keeps technical accounting terms and actions hidden. A subscription-based option is available with hosting for data access from anywhere, anytime.
SAP ERP
SAP ERP is a market-leading business management solution from well-known and widely used software giant SAP. It boasts 50,000 customers, supports 37 languages, and offers 45 localizations. It provides business solutions for product planning, human resource management, core finance functions, and many more specific functions. The recent launch of SAP S4 Hana has significantly improved the user experience.
ODOO OPEN SOURCE ERP AND CRM
Are you tired of chasing your teams for doing things for your Business which an ERP system would do on its own? Are you having dozens of standalone software which may be doing the work, but they don’t talk to each other and therefore you must multiply the efforts in feeding them all separately with information? Questions like these have become a norm for our clients and Companies are keen to look for automated solutions in the form of an ERP System in which 100% of the processes are synchronized with each other. With our expertise in the world’s most renowned ERP Odoo, we customize it so much specific to your Company’s requirements, that we guarantee in cutting down 50% of the man-hours consumed by employees operating de-synced software and applications. There is no doubt why 7 million users around the globe are now using Odoo to grow their businesses exponentially.
ZOHO – A REVOLUTIONARY FTA ACCREDITED SOFTWARE
ZOHO stands well above the crowd, recognized for its versatility, and its ability to connect with hundreds of everyday programs used by millions. Cloud Storage is seamless whether you’re using the box, Dropbox, Google Drive, or anything else you can name. Its mobile versions run on iOS, Android, and even Windows Phone so you’re never out of touch with your work. You can handle Sales, POs, billing, payments, banking, and stay in touch on estimates, projects, and workflows. And nowadays, one of the most important aspects is VAT integration; you must be able to track VAT (since the new laws just went into effect), if you want to avoid costly penalties. ZOHO is one of the few accounting packages that are officially approved by the FTA (Federal Tax Authorities) of the UAE. On the whole, this is an excellent choice for consumers.
SAGE ERP
Sage ERP X3 is marketed as an alternative to traditional ERP solutions. It simplifies the complex structure of most ERP-type software with a cloud-based subscription service usable with any browser. The interface is not as basic as the QuickBooks but it offers more advanced functionality to the experienced or professional user. There is a version that users can install on their own infrastructure and fully customize to the individual business’ requirements. Sage X3 is scalable and ready to grow as your business grows. It is recommended for mid-sized businesses.
TALLY ERP 9
Tally ERP 9 is available in several variants – each configured for a specific purpose, business type, or user. All variants start with the Tally.ERP9 feature set and add functionality or features specific to the intended business user. Tally.ERP9 is marketed as “The complete business management solution” and boasts close to one million users worldwide. There is an extensive set of business management functions including audit support, tax records, support for multi-location businesses, and even for multiple businesses. Also included is powerful connectivity to keep multiple locations’ records up to date.
XERO
Xero has defined the classic accounting into a new modern cloud-based accounting in such an excellent way that millions of Companies have switched to it. It not only saves time for the accountants, but it also has an App Store which gives you the ability to connect hundreds of popular Apps to your Xero Accounting and transform your traditional accounting into a modern state of the art accounting. Apps across multiple functions like sales, CRM, HR, E-commerce, Inventory, etc can be connected. We at Push Digits Global are a certified Partner of Xero and can help you when it comes to implementation, training and accounting on Xero with our extensive experience with it. Make a choice today and switch your old-fashioned accounting to digital cloud-based accounting, it will be a decision that you will not regret.
MICROSOFT DYNAMICS AX
Microsoft Dynamics AX leverages the familiar Microsoft brand to offer a scalable and easy to use business management solution for medium and large-sized companies. Microsoft’s size and expertise in software design deliver a user-friendly package with a large support network.
INTACCT
Intacct is a Software-as-a-Service (SaaS) financial management package. As a web-based solution, it is quite inexpensive and required very minimal installation. Fast-growth companies are using Intacct because it is quickly and easily scalable as a company grows from small to medium size. It can support 2,400 users, 650 entities, and 250,000 daily transactions. Intacct is rapidly approaching market leader status.
FreshBooks
With one of the best mobile accounting applications, FreshBooks seamlessly allows you to access your accounts and work on-the-go. It also includes time tracking, project management tools and helps you track invoices, expenses, and automate the reporting process—making it ideal for startups, small businesses, entrepreneurs starting out, as well as freelancers.
Epicor ERP & Epicor Cloud
Epicor is another software company focusing on rapidly growing businesses. There are two ERP solutions available from Epicor: Epicor ERP and Epicor Cloud ERP. Epicor markets itself as “Visionary ERP Solutions”. With 5000 customers using Epicor ERP in more than 80 countries, this software has proven easy to use, hardware friendly, scalable, and fast.
Epicor Cloud ERP is marketed specifically toward small to medium-sized businesses. As a cloud-based solution is can be rapidly deployed and does not require heavy hardware. The cloud application includes everything a business requires to manage operations, orders, and resources in one ERP solution. It is being used by hundreds of companies already and gaining ground.
Ifs ERP
IFS was an early pioneer in component-based ERP solutions. This component architecture of IFS Applications 8.0 makes the software easy to run, implement, and upgrade as a business grows. IFS reports over 2000 installations with a number of users ranging from 40 to 5000. It is available as a server-based or a cloud-based package.
Exact Max ERP
Exact Software offers Exact MAX ERP. This is marketed toward small and medium-sized companies moving away from traditional accounting systems and into the digital ERP world. One of this software’s features is its integrated support for manufacturing processes. It also integrates with Microsoft Dynamics GP and Intuit QuickBooks with seamless performance. It can be expanded by adding functions and additional modules at any time.
TALLYSOLUTIONS
TallySolution is a India based accounting software, It is helping more than a million business worldwide with variety of accounting and financial solutions.
Software Features:
- Accounting Management
- Finance Management
- Payroll Management
- MIS Reporting
- Branch Management
- Inventory Management
- Purchase Report
- Sales Report
- Manufacturing and Job Work
- Point of Sale (POS)
- Internet Based
Software Specialties
Mobile Support
Mobile Platform
IOS, Android, Windows Mobile, Black Berry
Desktop OS Support
Web App, Windows, Macintosh
Multi Language Support
Customization
Payment
One Time Payment Yearly Payment Monthly payment
Enhance your business’ cash flow
- Receivable and Payables: Improve your business’ working capital and manage your outstanding with ease
- Cash Flow and Fund Flow: Master financial planning by estimating your business’ funds source and usage
- Scenario management: Helps in forecasting business finances for better cashflow
- Payment performance of debtors: Keep a check on the time taken by your customers to pay your money and review your credit policy.
Expedite your business transactions
- Multi-Currency Accounting: Capitalise on every business opportunity by transacting in any currency
- Cheque Management: Reduce scope of errors and remove uncertainty while transacting via cheques
- Integrated Invoicing: Perform quick invoicing by generating bills inclusive of tax and value your customers’ time.
Regulate your business expenses
- Cost and profit centres: Create as many as you want on the basis of departments, product verticals, employees etc. and analyse their performance separately
- Budget & Controls: Utilise your business funds efficiently and control your expenditure
- Credit Management: Minimize bad debt and improve your business’ cash flow by allotting varying credit limits to different parties.
Boost your business’ profitability
- Stock movement analysis: This helps in keeping a track of stock more accurately. Identify slow/fast moving stock items, and manage stock across various locations
- Item and invoice wise profitability: Estimate profits item and invoice wise and rework on the non-performing products.
Conclusion:
You are here because you are looking for information about best accounting software in uae. It does not matter whether it is accounting software for small business or about accounting software for printing business in the United Arab Emirates. You know there are lots of things which need to be considered before choosing a single software. So, accounting software free uae, is an important part of your business in UAE. Accounting software is important because it helps you to search and add all your transactions in just a simple click, so that you do not waste too much time on your transactions.