The requirement of a reliable and easy to use accounting software was felt by most vat consultants in Dubai the very moment Value Added Tax or VAT was introduced in UAE in 2018. The demand for registering any business properly, filing tax papers, as well as tax exemptions has helped people realize the need for the best accounting software. With more and more people looking forward to account software, the accounting industry has flourished. A lot of technology-based companies have built fintech software that caters to the needs of different business sectors.
Here’s the list of top accounting software that is used by top businesses in UAE
Zoho Books is a popular software for online accounting which makes managing the flow of money easy. Zoho Books helps in managing invoices, customers, as well as keeping a proper record of every minor or major expense. The user can monitor, reconcile, and record various accounting transactions and also collaborate with your accountant. Apart from all these, Zoho Books also helps in making better and improved business decisions.
The cloud technology used by QuickBooks is one of the best reasons for businesses to choose this platform. QuickBooks provides users with the facility of accessing or managing it from anywhere. It provides complete control along with flexibility for managing the business and keep it organized too. QuickBooks is easy to customize as it can be programmed to follow UAE accounts. The software allows you to track payments, work on invoices, design quotation documents, and much more.
FreshBooks offer accounting solution on Cloud for small businesses. It ranks as one of the best mobile accounting applications which can be used for both Android and iOS users. FreshBooks is the best for the agencies working on any particular project or service or freelancers as it helps with facets like project management tools, time tracking, etc. The only drawback of the software is that it lacks A/P, which is not suitable for inventory-based businesses.
Wave is a free accounting software. The main attraction of this software is the combination of amazing features it provides. This app is best for service-based businesses that are planning a startup or a small initiative. The software is ideal for entrepreneurs, self-employed, consultants, and freelancers having 10 employees or even lesser manpower. It also works for companies with zero or limited inventory. Wave can be easily customized if you plan to expand your business.
I hope you have a quick idea of the popular account software that is currently used in the UAE. You can also choose Adminsoft Accounts, Xero, Sage Intacct, ZipBooks, GoDaddy Online Bookkeeping, and other software that works perfectly for UAE based businesses. Before you choose a software, you need to evaluate the needs of your business and choose the best one that will solve the entire accounting problems.
Do not forget to choose the best bookkeeping software that has invoice options, bill pay features, integration with credit card accounts, accessibility to bank accounts, sales tax tracking, and more.