If you’ve ever worked in accounting or run any business in Saudi Arabia—or anywhere in the Gulf—you’ve probably heard of Tally Software. Maybe you’ve even used it. It’s reliable, simple, and gets the job done without the unnecessary fluff.
Now let’s answer the big question that raises a practical concern among SMEs and larger firms operating in both English and Arabic-speaking environments: Is Arabic supported natively within Tally?
If you're expecting all your Tally menus, reports, and interface options to show up in Arabic straight out of the box — you won’t be even a bit disappointed. Tally’s native interface is neither entirely in English nor in Arabic. It’s a multilingual software that supports Arabic.
But as with most things in tech, there's a bit more to the story. Let’s talk about what that really means for your day-to-day work, your team, and your business in the Kingdom.
Let’s take a moment here — this isn't just about language preferences. In Saudi Arabia, Arabic isn’t optional. It’s essential.
So it’s not just about comfort. It’s about compliance, clarity, and respecting your market.
It’s crucial to be clear on what we’re talking about. The company behind Tally Softwares is Tally Solutions Private Limited. Now it has a newer, more modern version: Tally Prime. Undoubtedly it’s trusted worldwide for handling accounting, inventory, compliance, payroll—you name it. In Saudi Arabia, Tally software has become quite popular among businesses that want an affordable, scalable accounting system to keep up with VAT rules and compliance mandates from authorities like ZATCA.
Also, it’s designed to adapt multiple languages for native support, and yes, that includes Arabic.
And the best part? It’s not a workaround. The dictionary is already shared by Tally. No third-party plugins are needed, which means you don’t have to download the dictionary from elsewhere.
If you’ve used older versions of Tally in the past and struggled with language limitations, we get it. But with Tally Prime, switching to Arabic is actually super simple.
Here’s how it works:
Pro Tips:
Want to change the display language (the language of menus, buttons, etc.)?
Don’t forget: Ensure your computer has the Arabic keyboard layout installed, so you can type smoothly without any glitches.
You don’t need to be an IT expert or a programmer to start using Tally Accounting Software in Arabic. The interface is clean, minimal, and easy to get used to.
Here’s what most users in KSA like:
Switching between languages is easy – You can work in English, switch to Arabic, or even allow users to pick their own language preferences. This flexibility is a lifesaver in bilingual environments — and let’s face it, most businesses in KSA are bilingual.
Zero learning curve – If your team already uses Excel or basic accounting software, Tally feels intuitive.
Support in Arabic – Many Tally Solutions Partners provide customer support in Arabic too. So, you’re never stuck.
So, if you’re a business owner, accountant, or decision-maker in Saudi Arabia wondering if Tally is right for your Arabic-speaking team, the answer is a confident yes.
If you are looking for an authorized partner for Tally Software KSA who can help you with VAT configuration, local setup, and ensure all those Arabic templates are ready to go, don’t hesitate to reach out to Penieltech.
Tally Solution
If you’re running a business in Saudi Arabia in 2025, you must have heard about e-invoicing—especially since the Zakat, Tax, and Customs Authority (ZATCA) rolled it out. The idea was initiated back in 2020 when they first introduced the draft. Now, it’s become a must for businesses to follow these new digital invoicing rules.
ZATCA declared previously, from January 1, 2023, businesses must fully connect their invoicing systems with their platform. This change is happening in phases based on how big your business turnover is. And recently, they just announced “Wave 22” for Phase 2. If your business’s turnover is more than SAR 1 million, you must be fully integrated with the Fatoora Portal by the end of 2025.
Let’s walk through everything you need to know about ZATCA E Invoicing in Saudi Arabia — from who needs it, the phases, important rules, penalties, and more.
E-invoicing is the digital version of those paper invoices we used to send and get. The difference is e-invoices are created and exchanged digitally, instead of printing out or scanning paper invoices, which makes everything faster and more accurate.
An e-invoice isn’t just a scanned copy of those paper invoices. It’s generated by your invoicing system in a special, machine-readable format (like XML) and also comes with a PDF version.
Structured Format: E-invoices are formatted so anyone can read them easily, which automates a lot of tasks.
Integration with ZATCA: Your invoices need to be created or validated through ZATCA’s system (called FATOORAH) or software that meets their standards.
Reporting: These invoices have to be reported on time.
Direct Transmission: If connected, invoices go straight from your system to the buyer’s.
Special Fields: They include unique details like an Invoice Reference Number (IRN) and a QR code, on top of the usual VAT info.
If you’re a taxable person registered for VAT in Saudi Arabia—or if you’re required to register—this applies to you. That means businesses inside Saudi Arabia, whether they trade locally or internationally.
Also, if you’re a customer or third party issuing invoices on behalf of someone else, you’ve got to follow these rules too.
All VAT-registered businesses compulsorily issue e-invoices for all transactions that need tax invoices. This includes electronic credit and debit notes for goods and services taxed at standard or zero rates.
One important exception: if you’re a non-resident business (outside Saudi Arabia) supplying goods or services taxable in Saudi Arabia, you don’t have to issue e-invoices.
You need to keep in mind the following to stay compliant:
You’ll use special features like UUIDs, digital signatures, sequential invoice numbers, cryptographic stamps, and anti-tampering measures.
ZATCA recognizes mainly two types of e-invoices:
Standard Tax Invoice: This is mostly for B2B and B2G transactions. These include all the detailed info about buyers and sellers, especially their VAT registration numbers. Buyers use these to claim input VAT. These invoices need real-time cryptographic stamping and validation by ZATCA.
Simplified Tax Invoice: Usually issued from business to consumer (B2C). These invoices have fewer details, and buyers can’t claim VAT input. In Phase 1, these were just shared with customers, but in Phase 2, they must also be reported to ZATCA within 24 hours.
Saudi Arabia is rolling out ZATCA E Invoicing in two big phases:
Phase 1 (Generation): Started December 2021. Businesses had to start creating e-invoices in the correct format, but there was no need to connect directly to ZATCA yet.
Phase 2 (Integration): Began January 2023. This is when businesses must link their systems directly with ZATCA’s FATOORAH platform. You’ll need to connect via APIs, generate UUIDs, add digital signatures, and more. Your invoices have to get ZATCA’s “clear” approval before you send them to your customers.
This phase is rolling out in waves, starting with the biggest businesses (over SAR 3 billion turnover) and moving down.
ZATCA (formerly GAZT) is the authority managing this entire e-invoicing system. They started with draft regulations back in March 2021 and finalized everything by May 28, 2021.
It varies a bit depending on what kind of invoice you’re issuing and which phase you’re in. But the key is: by now, most businesses should be generating invoices digitally and sending them to ZATCA for validation. The system makes sure invoices are correct, untampered, and reported on time.
ZATCA is pretty serious about this. They start with warnings, but repeat offenses lead to fines. Here’s a quick breakdown:
Saudi Arabia isn’t just doing this because it’s trendy — ZATCA E Invoicing brings some real perks:
Transparency: It makes all business transactions clear and helps ensure tax compliance.
Accuracy: Ensures less human error and smoother transactions.
Efficiency: Faster communication and payments, plus lower administrative costs.
Environmentally Friendly: Cuts down on unnecessary paper waste.
Fraud Prevention: Authorities can spot fraud quicker with real-time tracking.
If this all sounds a bit overwhelming, Peniel Technology offers multiple services and Federal Tax Authority (FTA) approved accounting software like Tally, QuickBooks, Sage Accounting Software, and Elate ERP to link with ZATCA’s platform. Our solution checks your data for errors, and assistance with VAT registration, return filing, and audit preparation to ensure compliance with Saudi Arabia’s regulations. This way, you can be sure you’re fully compliant without extra hassle.
Running a business is already tough enough. But juggling payments, managing accounts, chasing invoices, and reconciling banks manually, can really drive anyone crazy.
That’s why we are talking about the new hero, TallyPrime 6.0. Think of it as your all-in-one toolkit. Designed to simplify payments, automate accounting, and just... make everything work better.
If you're a business in the UAE and still struggling with spreadsheets or switching between ten different systems, it's time you gave Tally Prime UAE a serious look.
What It Offers (And Why It Actually Matters)
This isn’t just a fancy upgrade with a new version number. TallyPrime 6.0 is packed with features that genuinely make day-to-day accounting easier.
Accounting That Just Makes Sense
You don’t need to be a CA to understand your books. Tally keeps things simple. Track income, expenses, liabilities, and profits in one clean dashboard. No extra clicks. No digging through menus.
Cash & Credit Management
With Tally Prime, you’ll never lose track of your credit managements. Especially who owes you, who you owe, and when. Because of supplier credit terms or customer payment cycles, everything’s organized and updated in real-time.
Basically, it puts control back in your hands.
The Benefits You Actually Feel
Let’s be real. Features are great. But how does it really help you? Here’s what business owners love about TallyPrime 6.0:
Frankly, once you’ve tried it, you definitely won’t want to go back.
Pricing (No Surprises Here)
TallyPrime provides two editions:
1. Silver Edition (Single User) - Great for solo entrepreneurs or small businesses using just one machine.
2. Gold Edition (Multi User) - Perfect if your team needs access across multiple PCs.
You buy it once, it’s yours. Simple.
Renewal Plans (Stay Updated & Supported)
Tally renewal isn’t just for support. It keeps your software sharp, updated, and compliant.
1. Silver Edition
2. Gold Edition
It’s not just about staying legal. It’s about staying efficient.
Why Businesses in the UAE Are Switching to TallyPrime
Whether you’re in Dubai, or Abu Dhabi, maybe Sharjah. No big deal. Tally UAE is all yours to use.
It’s fully equipped for UAE VAT laws, it supports Arabic-friendly invoice formats, and it handles local currency with ease. It’s got the muscle of a big ERP system but stays lean and quick.
Add to that local support, training, and implementation help from certified Tally partners, and you’re set up for success.
Final Thoughts
To be honest, business is messy. You’ve got vendors calling, customers delaying payments, banks demanding reconciliation, and taxes always around the corner.
The software doesn’t magically make those problems go away. What it does is, gives you the tools to handle them without losing sleep.
So if you’re tired of using five tools to do one job, then it’s time to try something smarter.
In the food industry, timing isn’t just important — it’s everything. One late delivery, one inventory miscalculation, or one batch of spoiled goods can ripple through your entire business. That’s why getting your backend right isn’t optional anymore. It’s survival. And here comes the savior — ERP software tailored for the food industry. But not just any ERP — one that actually gets what it’s like to run food distribution operations day in and day out.
You’ve got moving parts — warehouses, cold storage, inventory tracking, supplier coordination, dispatch logistics, and oh, yes — compliance with ever-changing food safety regulations. You don’t need a bloated system with modules that don’t speak to each other. What you need is the right food distribution ERP software that fits your business, not the other way around.
Perhaps most of you are familiar with the term ERP — Enterprise Resource Planning system. Undoubtedly there are ERP systems out there claiming to serve every industry — from manufacturing to retail to healthcare. And sure, many of them can be customized to handle food operations. But the real question is: why start from scratch?
ERP for food industry isn’t just a buzzword. It means built-in tools specifically designed to handle:
Which means, no endless custom modules. Just practical workflows that make sense for how food businesses actually function.
If you’re evaluating ERP options without a clear checklist, you’re going to end up overwhelmed. The market is saturated. Every vendor promises the moon. But let’s keep it simple.
Start by asking: does this ERP know how food distribution works? If it checks these boxes, you’re on the right track:
Here’s where most businesses get tripped up. They try to adopt a generic ERP, thinking they’ll save money. Yeah, sometimes it works but they often end up with a patchwork of clunky integrations, third-party plugins, and a support team that doesn’t understand the urgency of a late shipment.
The best food service distribution software should feel like it was built with your team in mind. That means:
If your ERP system is constantly getting in the way instead of keeping things moving, it’s not the right one.
Not every food business has the same needs — or the same IT capacity. That’s why the deployment model matters.
The key is: pick based on your operational needs, not what’s trending.
The best software doesn’t just offer features — it fits your team like a glove. It works how your business works and grows with you.
Remember, at the end of the day, you’re not just buying software — you’re choosing a system that will carry your business forward for years.
That’s exactly where Elate ERP with its food industry module comes in.
Elate ERP comes with a dedicated Food Industry Module, designed specifically for the dynamic, detail-heavy world of food distribution.
It covers everything — from vendor management to delivery tracking, from cold storage monitoring to batch-wise expiry alerts. Besides, it's super easy to use.
Whether you’re distributing fresh produce, packaged goods, frozen items, or gourmet products — Elate helps you manage operations with clarity.
You’ll get:
And yes, it plays well with any other system, our team ensures smooth integration with zero hassle.
We’re not just another ERP vendor. We’re hands-on.
As authorized resellers and implementation experts, we work closely with food businesses across the UAE and beyond — helping them choose, customize, and roll out the right solution. From setup to staff training, we’re right there with you.
There’s a lot of flash in the ERP world. Demos are slick, presentations are polished, and everyone’s got testimonials. But none of that means anything if the system doesn’t deliver the needful.
If you’re in the UAE and looking for the best ERP solutions for food service, we’re here to help. From consultation to deployment — we’ve done it all. Our team at Penieltech works with you, not just for you.
Because smarter food flow isn’t about having more tools. It’s about having the right ones.
Handle Your HR Chaos the Smartest Way With the Integration of Time Attendance Machines, HR and Payroll Software
If you’ve ever had to run payroll with missing attendance data, you know the stress. The back-and-forth emails. The late-night WhatsApp messages to supervisors. The spreadsheets that almost make sense — until they don’t.
It’s exhausting. And completely avoidable. The problem isn’t your team. It’s the disconnect between your systems.
Time attendance machine integration with your HR and payroll software can fix that — and not in a gimmicky, too-good-to-be-true way. This is real, functional, day-to-day automation that works quietly in the background… and just makes your life a whole lot easier.
And if you’re in the UAE, you’re in luck — we’re official resellers of biometric time attendance machines, and our team does full, smooth integrations with our own Elate HRMS, plus systems like Odoo, ERPNext, Sage, and more.
Let’s break this down the way real business owners and HR heads actually need to hear it.
Let’s say your employee walks in. They tap their finger on the biometric device. Boom — that timestamp is captured.
But instead of that data sitting in a standalone machine or needing to be pulled out manually, it instantly syncs into your HR software, and from there, connects with payroll.
Leave policies, holidays, late marks, overtime — everything lines up. Automatically.
That’s what we mean when we say biometric attendance system payroll integration. It’s not some futuristic dream. It’s practical automation, right now, for businesses like yours.
Let’s paint the picture.
Before integration:
After integration:
We’ve done this HR and payroll software integration for lots of businesses — you name it. The result is always the same: fewer errors, less stress, more free time.
We’re not just a vendor tossing software your way. We actually build solutions around the real problems businesses in the UAE face.
Our Elate HRMS Software is modern, clean, and shockingly easy to use. When paired with our Elate Attendance tracking software and your biometric device, it forms a smooth, single ecosystem where:
And if you’re already using Odoo, ERPNext, or Sage? No worries — we integrate with those too. You won’t have to ditch your current setup. We’ll work with what you’ve got.
Different teams work differently. Some love on-premise systems because they want total control. Others prefer the flexibility of the cloud — especially if they have multiple branches or hybrid teams.
Then there are those who just want to quickly check attendance or approve leaves from their phone on the go.
Good news: Elate supports all three.
So whether you're a startup figuring things out or a growing company tired of patching things together, we’ve got options that fit.
But What’s the Actual Benefit?
Let’s keep it brutally honest.
Integrating time attendance with your HRMS and Payroll Software isn’t just a “nice to have.” It’s a total game changer.
You get:
And honestly? You just sleep better knowing salaries will go out on time without a mad rush.
Unlike plug-and-play tools that leave you hanging when something breaks, we’re here. Our team is on the ground in the UAE — supporting companies every day.
As official dealers of Time Attendance Machines, and HRMS software built for local businesses, we understand the ecosystem inside out. Our integrations are custom-fitted, not just dumped into your system.
Need something unique? Want to sync attendance with a shift-based roster? Need payroll to follow WPS rules? We get it. We’ve done it. And we’ll do it for you too.
You’re already investing in people. Let’s make managing them easier. With our Time Attendance Machines, Elate Time Attendance Software, and smart HRMS integrations, at Peniel Technology, you get more than a product — you get an Automated attendance and payroll system that works.
Let’s fix the gap. Let’s stop the manual workarounds. And let’s finally make your HR system feel like it was designed for humans. Reach out. Let’s talk. We’re ready when you are.
The rapidly evolving consumer goods industry in the UAE is very dynamic. Changing consumer preferences, rapid inventory turnover, and high-volume operations require FMCG businesses to stay above any operational inefficiencies. In such a fast-moving environment, implementing a specialized Enterprise Resource Planning (ERP) system has never been a choice that an enterprise could make; it has rather turned out to be a must-have.
The UAE is a strategic hub for trade and distribution across the Middle East and North Africa region. With Dubai and Abu Dhabi as regional distribution centers, FMCG companies find themselves in a very competitive environment that demands punctuality and speed.
Demand for food and beverage, personal care products is always directly dependent on quality, variety, and availability. Brands like Al Ain, Almarai, and Choithrams have huge inventories and distribute to a number of retail channels. This level of scale and complexity demands operational visibility and control to a very high degree, which only the best ERP software in Dubai and beyond can provide.
 Image Source: market.usStandard ERP systems usually do not have the functionalities that FMCG companies are looking for. These companies are into perishable goods, promotional pricing strategies, batch tracking, and a large vendor network. Generic ERP software often miss to address these intricacies.
Furthermore, the FMCG businesses in the UAE shall comply with local legislations such as VAT and conduct business across multiple emirates. Hence, a specialized ERP solution shall integrate these complexities into one system.
FMCG products move fast. Thousands of SKUs should be tracked in real time by businesses. A specialized ERP solution updates stocks automatically, thus eliminating stock-outs and overstock, thereby making sure warehouses are well utilized.
For instance, an FMCG distributor operating in Sharjah integrated ERP software, which helped to reduce inventory write-offs by 30% within 6 months, simply through gaining real-time stock visibility coupled with automated reorder alerts.
Batch-wise tracking is critical for FMCG products, especially for food and pharmaceutical products. ERP for the FMCG industry automatically tracks expiry dates, returns processing, and recall management to ensure compliance and safety of the consumers.
Seasonal trends, promotions, and market forces make demand forecasting challenging. ERP software, coupled with AI and analytics tools, predicts demand patterns and thereafter automates procurement processes. A prominent beverage company in Dubai used ERP analytics to forecast the surge in demand during Ramadan. The benefits: a 25% faster procurement cycle and zero stockouts during the holy month.
FMCG businesses often operate simultaneously in several emirates and also export to neighboring GCC countries. ERP systems for FMCG business software support multi-location warehousing, pricing in multiple currencies, and language localization-critical requisites for UAE-based operations.
Sales tax applies to all businesses in the UAE, but its implications and requirements are different. ERP solutions for the FMCG industry offer VAT modules within to provide automation for tax calculations, return filings, and audit trails, thus saving time and reducing errors.
FMCG ERP software should have rich functionality developed to facilitate the entire sales workflow-from order to delivery. Route planning, vehicle tracking, and delivery scheduling are optimized to effectively reduce last-mile time. For example, an FMCG wholesaler in Abu Dhabi implemented its ERP solution with GPS-enabled distribution management and reduced delivery delays by about 40%.
The ERP system for an FMCG company must be integrated with accounting software, HRMS, and CRM systems. This sort of ecosystem enhances decision-making and eliminates redundant work. Payroll, commission calculations, employee performance tracking, and financial reporting must happen in one place.
While in the UAE cloud ERP solutions are more in demand, they are inherently scalable, offer remote access, and lower infrastructure maintenance expense. Whenever FMCG companies sell goods, they want access to stock and sales data in real time from multiple warehouses and outlets. In the case of businesses with higher customization urgency or certain data security requirements, however, an on-premise ERP solution could be considered. The whole trick, however, is to find a vendor that truly understands the very peculiar requirements of the FMCG sector.
FMCG companies should request their ERP partner to truly know the regional dynamics. Penieltech, for instance, provides specialized ERP solutions throughout Abu Dhabi, Dubai, and the Middle East. Their solutions include accounting software, HRMS, and tailor-made ERP solutions that are developed to practically solve the problems experienced by FMCG companies.
An ERP Partner with sound experience and know-how would go a long way in making sure that the ERP installation is done properly, staff are trained, and support is provided on an ongoing basis. Demonstrable use cases and proven deployments are of utmost importance.
The finest ERP software Dubai and the Middle East can provide should include the following features:
Penieltech provides a range of ERP solutions that include Odoo, Elate, ERPNext, and Sage specifically for FMCG businesses in Dubai, Abu Dhabi, and throughout the Middle East. It successfully merges accounting software, CRM, HRMS, and finance software modules aboard one single, easy-to-use platform.
The FMCG businesses in the UAE operate in a fast-paced, high-volume market that requires specialized ERP solutions. Penieltech provides industry-specific systems to streamline operations, ensure compliance, and support business growth. Penieltech keeps FMCG businesses agile and competitive through unmatched regional expertise and a formidable suite of ERP offerings, including its proprietary Elate software. Cost is not the key factor; it is about fit, functionality, and impact that can be measured.
The GCC economies, including Oman, Saudi Arabia, member states, and the United Arab Emirates (UAE), are still dominated by the oil and gas industry. They possess some of the world's largest hydrocarbon reserves, and so the industry is invested in its economic and geopolitical standing. However, with rising volatility in prices, regulation, and rising global focus on sustainability, the industry is confronting rising operations and strategy challenges. To counter such, GCC oil and gas companies are adopting Enterprise Resource Planning (ERP) solutions increasingly, designed based on regional and industry-specific needs. With a GCC ERP marketplace for 2023 standing at US$2.11 billion, set to expand by 2035 to US$5.6 billion, digitalized enterprise infrastructure is a top priority for the region.
The GCC's hydrocarbon value chain ranges from upstream discovery, through midstream transportation, and on toward downstream refining and distribution. All of them require utmost-specialized precision, performance, and coordination. ERP software platforms are integrated environments for streamlining disparate operations, optimizing control over operations, and enhancing data clarity. They enable energy organizations to harmonize field operations, manage fixed assets and equipment, monitor performance metrics and compliance metrics, and track performance metrics among disparate business units.
Just as crucial is the ability of the system to adapt to GCC-specific taxation and regulation processes. The rollout of Value Added Tax (VAT) in many GCC member states has made fiscal reporting all the more demanding. Tax regulations and reporting procedures incorporated into tailored ERP solutions guarantee accurate reporting, allow for lower non-compliance risks, and reduce administrative hassles. With digital waves sweeping visions such as Saudi Vision 2030 and UAE’s Digital Government Strategy, integrated ERP with SCADA (Supervisory Control and Data Acquisition), GIS, and IoT platforms is becoming a necessity. Of a particularly high importance, digital transformation expenditure within the GCC is expected to increase up to US$50 billion by 2025, further underscoring the demand for robust industry-specific ERP ecosystems tailored for evolving industry needs.
To effectively navigate the complexities of the GCC’s oil and gas sector, ERP solutions must be equipped with features that support real-time decision-making, ensure regulatory compliance, and scale effortlessly with business demands. Some of the most critical elements include:
ERP Systems should be built to comply with different regulatory regimes which are ever-changing in nature. These are VAT laws, corporation tax regulations pertaining to environment outside a given area of industry. Built-in regulatory modules allow for tax calculation, reporting that can stand an audit, and quick reactions to policy changes that arise with time.
Localization is one of the important aspects of operational success for an ERP. This means support of the Arabic language, compatibility with Islamic financial customs, and regionally tailored adjustments to manage local business regulations. All of these enhance end-user adoption, reduce implementation resistance, and deliver cultural alignment.
ERP solutions must be scalable depending on oil price cyclicality and capital-expansion cycles. When expanding into a new geographical territory, acquiring a new subsidiary, or adding capacity, a modular ERP architecture will permit smooth operations and performance during turnaround.
Typically, oil and gas companies handle field operations, equipment monitoring, and safety using legacy systems. A modern-day ERP must integrate with disparate systems such as SCADA, GIS, IoT sensors, and condition monitoring software and create a homogeneous operations foundation.
Having timely data is essential for making informed decisions. Today's advanced, sophisticated ERP solutions include centralized dashboards, predictive analytics, and KPIs for immediate, usable insight, enabling everything from purchasing decisions right up through production optimization.
An ERP solution have to cover a wide number of bases in the operational, fiscal, and strategic realms for it to be touted as the best ERP software (in regions including Dubai, UAE, Abu Dhabi and all over the Middle East):
Operational Streamlining
Fully functional ERP systems meticulously automate day-to-day processes, minimize redundancy, and ensure that the processes are standardized. In contrast, reducing various administrative overheads increases various data qualities and opens the door to enhance management activities, such as process optimization and innovation.
Financial Discipline and Transparency
Finance is integrated with procurement, inventory, or manufacturing modules in various ERP packages, given that spending and revenue are two key aspects of finance. Therefore, these integrations give real-time insight on spending and revenue, allowing interesting controls on budgets, cash forecasts, and internal controls.
Proactive Risk Management
ERP would act as the organization's prime risk mitigating tool that helps stabilize exposure to risks arising from geopolitical risk, market fluctuation or environmental liabilities. At an operational bottleneck, and supply chain weakness in any zone of noncompliance, early actions can be undertaken against it.
Enhanced Compliance Verification
An effective ERP system helps ensure strict adherence with country and regional regulations. Automated reporting features reduce audit preparation, limit risk of penalties, and increase credibility with regulators and banks.
Cloud Deployment and Accessibility
Cloud-based ERPs are picking up momentum in the GCC, with rising needs for agility and business continuity being a primary reason for growing popularity. Remote accessibility, lower infrastructure costs, automatic upgrades, and disaster recovery capabilities are making cloud ERP an attractive option for oil and gas firms seeking future-proof platforms.
Key Players in Oil & Gas ERP solutions for GCC
There are many key players in the GCC include:
The choice of the ERP system is a strategic one that should align with corporate goals, process complexity, and budget considerations. Below are some considerations:
Conclusion
In an era of shifting marketplace dynamics and increasing oversight, ERP systems are more than a series of technical tools for maintaining an organization. They are strategic enablers for the GCC's oil and gas industry. With regional and industry-specific ERPs, companies are able to enhance governance, achieve operational excellence, and become agile within an uncertain marketplace. As digital transformation accelerates and sustainability objectives become a greater priority, ERP systems will become an even more significant driver for the competitive way forward for the GCC's energy industry.
Value-added tax (VAT) was introduced in the Kingdom of Saudi Arabia on January 1, 2018, as part of the country’s efforts. The basic rate of VAT applied on table supplies and imports in KSA was 5%.
However, in July 2020, Zakat, Tax, and Customs Authority (ZATCA) (earlier known as GAZT) issued a decree to increase the standard VAT rate by 15%, effective immediately. The increase in VAT has affected businesses and individuals and has further highlighted the importance of understanding VAT compliance.
The VAT number assigned to each business is unique and specific to that particular entity. This number helps to identify the company for tax purposes. It is important to verify a VAT number to make sure that the business is real and is paying taxes properly. When doing business with a company, it is important to always check their VAT number. This process is called VAT number identification.
VAT stands for Value Added Tax. It is a tax imposed on the supply of goods or services. The tax is levied at the value addition of each stage in the supply chain, from the production and distribution to the final sale of the product or service to the customer.
The supplier should be registered for VAT, to qualify for zero rates. Below is the list of supplies that are charged at a 0% VAT rate.
Exempt supplies are not subject to KSA VAT regulations and do not attract VAT. Businesses handling exempt supplies neither collect VAT on sales nor seek reimbursement for input VAT paid on purchases. List of exempted supplies under KSA VAT:
Zakat, Tax and Customs Authority manages VAT in the Kingdom of Saudi Arabia (KSA). The authority mandated that businesses and individuals must obtain VAT registration;
In Saudi Arabia, to verify the VAT number, visit the official tax website. https://zatca.gov.sa/en/Pages/default.aspx
The majority of accounting software is expensive and understanding its working may require a significant amount of labor.
List of goods and services on which 15% VAT is charged
All goods and services except exempt supplies and zero-rated supplies are subject to 15% VAT.
From 1 July 2020, whether the goods are imported on or after are subject to a 15% VAT rate. However, the rate was 5% before the amendment.
Goods and services when exported outside the council territory are deemed to zero-rate VAT. In regard to this, the business is allowed to recover the associated input VAT by provisions of VAT.
VAT-enabled ERP Software automates the business processes and helps companies run their business more efficiently and to gain greater insight into their business activities with lasting benefits.
Verifying a VAT number is a crucial step when doing business in Saudi Arabia. With the introduction of e-invoicing in Saudi Arabia, business can handle their invoices electronically. In short, verifying a VAT number is an important step to ensure that you are dealing with a legitimate business. Always verify a VAT number to maintain smooth and secure business operations.
Since the implementation of VAT in Saudi Arabia, the compliance burden on medium to small-sized organizations has grown exponentially. If you’re a company owner and are seeking a dependable consultant for VAT consultation Services in Saudi Arabia, contact us at [email protected] or call us at +971 4 239 8571.
The current VAT rate in Saudi Arabia is 15%.
When ZATCA introduced VAT in Saudi, the VAT rate was 5%. However, the government increased the VAT rate to 15% during the COVID pandemic.
The benefits of verifying VAT number in KSA:
To confirm the legitimacy of the seller and the VAT number on the invoices, it is crucial to check the VAT numbers.
Having a thorough knowledge of VAT input and VAT output can help you get your VAT accounting right. A business requires all aspects of VAT, including output tax and input tax. VAT, when registered for businesses, adds value to the goods and services they supply. They also reclaim VAT incurred on goods and services.
The federal Tax Authority (FTA), the government entity responsible for the administration, collection and enforcement of federal taxes was established under federal Law by the President of UAE, via federal decree-law no.13 of 2016.
Here, let’s take a closer look at these concept and explain the differences between them and how it’s supporting the accounting software.
A business’ output tax is the Value Added Tax (VAT) that is charged on supplies of goods and services supporting both the businesses and consumers. There are various VAT rates that can apply to taxable supplies, and some suppliers are exempt from VAT altogether.
How to Calculate Output VAT: Example: If a business sells goods for AED 300, the Output VAT would be AED 15.00 (300 x 5%).
The purchase of goods and services that are liable in VAT are the Input TAX. When a business makes a purchase, the price quoted might be either VAT –exclusive, in which case VAT will be calculated and added separately, or VAT- inclusive, in which means the total price already includes the VAT amount.
How to Calculate Input VAT: Example: If a business purchases goods worth AED 150 with a VAT rate of 5%, the Input VAT would be AED 7.50 (150 x 5%).
VAT input and VAT output are the crucial factors in determining the VAT liability owned to the FTA or that FTA owns you. In UAE, the VAT rate is currently is 5%.
Software for accounting in UAE as an imperative solution for any business to empower financial health and maintain stability. Any small, medium o,r large-scale company can utilize the VAT accounting software as it is simplified, systematic, and user-friendly software. It can be custom-made to meet the varying demands of different organizations. It helps the ERP solution to help firms to manage their transactions digitally and document it in the central sever for real-time analysis and evaluation.
The key goals for VAT accounting software are;
The Accounting Software features can be easily integrated with other operational modules and applications. Some of the software module features are:
Companies adopting accounting software typically realize many befits, such as increased operating efficiency, data accuracy and visibility into financial information. Most accounting software’s can accommodate and streamline day-to-day bookkeeping tasks.
A VAT consultant is a professional who specializes in helping businesses understand and comply with Value Added Tax regulations, and optimize their VAT entitlements. When owning small to medium business, managing your finances, and juggling multiple priorities, it can be tough to stay on top of everything. That’s’ where the VAT consultant comes in handy. Few reasons as to why you have to consider hiring a VAT consultant for you businesses:
Penieltech - the official Accounting software dealer in United Arab Emirates provides the best in class for VAT Ready ERP Solution to streamline accounting and VAT. Feel free to contact us anytime for support, guidance or assistance at +971 4 239 8571 or send us an email at [email protected].
A business must register for VAT if the Taxable supplies and imports exceed the mandatory registration. Upon registration, a tax registration number will be issues to business by the FTA.
The following documents are required while submitting as a proof of turnover for VAT registration;
Getting a VAT number in the UAE usually takes about 20 business days.
Yes, TRN and VAT is the same and is also known as Tax Registration Number and Value Added Tax. TRN Number is a 15- digit number, assigned by the FTA to the registered businesses.
The key difference between zero rate supplies and exempt supplies is that the suppliers of zero rated goods and / or services can be claimed input VAT during the purchase, and for the exempt supply we can’t claim input VAT during the purchase, nor can you issue a tax invoice for the sale of exempted goods or services.
VAT, also known as Value-Added Tax, is a consumption tax levied on the value added at each stage of a product’s production and distribution. In November 2016, the GCC (Gulf Cooperation Council) agreed on a common legal framework to introduce VAT under the GCC VAT Framework Agreement. Other Emirates, such as the United Arab Emirates and Saudi Arabia, have implemented VAT effective 1 January 2018.
Recently, Qatar became the last state to implement VAT in accordance with the GCC VAT Framework Agreement. This Framework requires all members of different states to introduce VAT and establish national legislation within the agreed parameters.
This is a treaty and not a law. Conversely, it provides a clear overview of how the VAT system will be implemented in the region. There will be two VAT rates – the standard rate of 5% and the reduced rate of 0 %). The introduction of VAT in Qatar will have a big impact on business and private individuals, both in Qatar and other countries.
For business, the introduction of VAT represents both challenges and opportunities. Maintaining VAT will most likely require you to make changes to your accounting systems/ERP solutions, finance process etc. Assign a steering committee train them in VAT to conduct an impact assessment. The impact assessment will help you identify how VAT will affect your business, Identify key risks, changes required, recruitment/training needs, and allow you to plan effectively for VAT.
Corporate – other taxes
Suppliers are responsible for collecting VAT on the goods and services they supply to their customers.
Suppliers are subject to VAT on the goods or services they purchase in order to supply to their customers.
Net of Tax is the amount obtained after the applications tax is deducted from the gross income that resulted from investments or transactions. Most commonly used for showing the results of business in terms of income, profits or lose.
Net Tax = Output VAT – Input VAT
A value added Tax is a consumption tax assessed on the value added in each production stage of a good or service.
Supplier not bearing the cost of VAT. The input VAT can only be recovered by suppliers if the goods and services they supply are taxable and have completed a tax return.
Types of supplies
Different VAT treatments are applied to different supplies. It is always good to have a clear understanding of the type of supply as input tax in connection with taxable supplies is fully recoverable. The most important document to have in hand is the accurate tax invoices during the VAT process.
VAT is likely to impact all business in Qatar, either directly or indirectly, if managed effectively it should have a neutral impact.
Determining how VAT will impact the business model and operations.
Analyzing the prices of services/products the business offers.
Investigating whether current systems can support VAT
Analyzing contractual clauses of existing contracts or new contracts.
Examining the impact on cash flow.
Businesses must employ TAX services and VAT consultants in Qatar to comprehend Qatar’s complex tax rules and regulations. A VAT consultant in Qatar assists businesses with Tax risk management, tax identification opportunities, and efficient defective tax return preparation.
Business already know how accounting on computer software can benefit them. They can maintain their books of accounts with fewer mistakes and faster calculations. There are many accounting software available for companies operating in Qatar. It takes considerable effort for the business owners to decide which one of the accounting software package suits their specific needs. There are number of different product options available for accounting software.
A good implementation project takes at least 6 months to complete. This means if VAT is to be implemented, you must start to consider the impact of VAT now. Speak to us today to discuss how we can help. Contact us at penieltech.com or ring us at +971 4 239 8571.
FAQs
VAT has not been implemented in Qatar. However. The GCC VAT framework sets out a general, high level VAT rules under which Qatar VAT system will operate once implemented.
VAT is calculated as a percentage of the sales prices of goods and services. Depending on goods and services being sold – either 5 percent (standard rate) or 0 percent (zero rate).
Any individual or legal entity who conducts economic activity to generate income must register for VAT purposes.
Chances of Qatar introducing provisions to relive the application of VAT. The exact criteria for a TOGC being treated as ‘outside the scope of VAT’ tend to differ from one VAT regime to another and so we will need to await further clarity.
Managing a business is no easy feat. Whether you are looking to simplify to boost your efficiency or improve the evolving changes, regulations etc.? In order to achieve this, Tally has introduced their latest software, TallyPrime 5.1, – This update includes new features and enhancements specifically aimed at assisting accountants and business owners in simplifying their tasks.
In this blog, we will discuss the newest key updates to TallyPrime 5.1 and compare it to 5.0.
It is an adaptable business management software that simplifies accounting, inventory management, payroll and taxation. It’s a go-to-software solution for small and medium-sized enterprises. TallyPrime is renowned for its ease of use, speed, flexibility and reliability. It’s a trademark for Tally products. With the latest updated TallyPrime, you will experience a whole new level of managing business much smoother.
To handle complex accounting tasks, TallyPrime 5.1 is a must have for accountant or business owners. The advanced feature are particularly beneficial for;
Switching to TallyPrime 5.1 is a simple procedure that can be easily accomplished. To start with TallyPrime, constant training is required to aim in accounting, inventory management and taxation roles. Tally accounting software is used widely in UAE with the latest VAT regulations. It has released a new and improved version of Tally.ERP 9 called TallyPrime 5.1.
TallyPrime Gold aims several users for multiple PCs using a local area network. Gold and silver editions are in the same in features and functions expect that many users can work at the same time in Tally Gold.
TallyPrime Silver is for a single user. This edition comes with all the features and skills of Tally. ERP 9. It also involves services like remote access. Both versions have same functions but only runs on a single single.
The built in tools of Tally ERP can efficiently manage and compute VAT, which is tax imposed on the increases in value of goods and services at every stage of production or distribution.
Tally Prime 5.1 serves at its best without interrupting the business. It’s a powerful tool that addresses the evolving needs of modern accounting professionals.
With over 15+ years of experience as a reliable Tally Solutions partner, our team experts at penieltech in UAE, Oman and India is well versed in Tally Prime and can provide the best solutions for implementation, troubleshooting and advanced features by upgrading your business operations.
At penieltech – No.1 Complete Accounting Software; we are the only Tally Gold partner in UAE and MENA region with expertise in customizing 3,000+ modules to various business requirements, helps easily integrate with CRM for better efficiency and access tally remotely anytime and from anywhere.
Don’t let the outdated systems hold you back, Unlock the power of Tally 5.1 today by give us a call at +971 4 239 8571.
What are the key new features of Tally Prime 5.1 for UAE businesses?
VAT-compliant invoicing, FTA-approved tax filing, multi-currency support, and advanced inventory tracking.
Is Tally Prime 5.1 approved by the UAE Federal Tax Authority (FTA)?
Yes, it is fully FTA-approved and ensures seamless VAT compliance.
Can I generate VAT reports and file returns directly with Tally Prime 5.1?
Yes, it automates VAT 201 form generation, tax reconciliation, and return filing.
Does Tally Prime 5.1 support Arabic invoicing for UAE businesses?
Yes, it offers bilingual invoices in English & Arabic for UAE businesses.
How can I upgrade to Tally Prime 5.1 in the UAE?
pgrade free with an active TSS subscription or buy from an authorized UAE Tally partner.
Dubai, a booming metropolis and is known for its innovative ideas and advanced technological infrastructure, which helps the business to grow and perform at its best. This year’ major web design trends are looking forward to enhance global competitiveness. Advanced technologies like virtual reality (VR) and augmented reality (AR) are being used to create engaging and immersive online experiences.
New trends are fueling the realm of web design, which has the potential to transform the visual appeal and functionality of websites. It also helps to navigate, engage customers and boost their sales. A well designed website is the cornerstone of any growth plan, regardless of whether you’re a start-up business or looking forward to grow. Certain trends of the past will always remain the same, such as user friendly navigation, robust data security and rapid loading times.
Let’s dive into some trending web design that will be in use this year, helping the customers in latest breakthroughs trends and beyond.
In Dubai, web design for business is significantly impacted by artificial intelligence (AI). Business are integrating AI technology to keep visitors interested and satisfied from personalized products recommendations to content.
Experimental Navigation can be exciting approach to website design that can add a unique and memorable touch to a site’ user experience. Optimal navigation should be concise and consistent, too much scrolling in navigation is jarring and challenging to understand.
It encourages the users to invest more time in exploring the site, which ultimately results in higher purchasing rates.
In the recent years, the designers are more focused on soothing and nurturing color palettes, ensuring that color trends remain vibrant and engaging. Designers are incorporating rich warm tones, to add depth and engage the users in seamless way. Trending muted colors like green, blue or grey creates a pleasant vibe to the users.
In 2025, web sustainability will shift from basic optimization to the creation of environmentally conscious websites. This isn’t about faster loading times anymore- but on implementing visually appealing and soothing designs that take into account the environmental footprint at all stages.
Web design trends of 2025 are moving towards utilizing blocked based layouts with vibrant colors. Contrasting color blocks create visual appeal but also aids in guiding users through the website in a natural way. Canva has revolutionized the field with its distinctive approach to product features or service offerings in a unique manner.
Virtual Reality on websites will continue to grow significantly in the future. It is a computer generated stimulation of a three dimensional environment that can be interacted in a real or physical way.
AR technology offers a novel way for buyers to visualize how a property could look with different elements and superimposes digital information onto the real world. With the recent upcoming trends, customers of UAE can easily envision their future homes or offices in fully furnished state.
Dubai hosts a range of best web designing establishments known for creativity, functionality, and expertise. They stand out for design quality and commitment to client satisfaction. It is a home to several top web designing companies. They offer top notch high quality to their customers. It’s quite natural for customers to experience confusion when choosing the right web development companies in Dubai for many reasons.
Few points to remember to consider while pen downing the company for your website.
Whether you’re a startup or well establish business, these experts can develop and design a solution that meets your needs and budget.
Penieltech specializes in business technology services. The core solutions include web development, accounting systems, IT infrastructure, security services and hardware solutions serving businesses across all their digital needs. They have helped numerous businesses achieve operational excellence. Mainly focus on understanding each clients’ unique requirements to provide integrated solutions. They provide their services in other emirate such as Abu Dhabi and countries namely Oman and India.
Contact details: Phone number: +971 4 239 8571
Website: www.penieltech.com
Address: Office no: 205,NBQ Bank Building, Khalid Bin Waleed St – Bur Dubai, Dubai, UAE
SEO Tech Experts is a web designing companies in Dubai, known for its creative web design, development and digital marketing services. They are highly responsive and customizes the websites of small to big business needs. They offer various services such as Website Design & Development, Search Engine Optimization (SEO), Digital Marketing solutions and much more.
Contact details: Phone number: +971 52 828 6005
Address: 106 Bay Square 11, Business Bay, Dubai, United Arab Emirates.
Website: https://www.seotechexperts.ae/web-design-development
Blue beetle has established a digital legacy spanning close to two decades. The company has developed multiple websites for clients in the UAE. They offer services namely, custom web design & development, mobile App Development, Digital consulting, E-commerce Solutions.
Contact details: Phone number: +971 4 429 5818
Address: Unit No. ONE JLT-6-220 Level 6, One JLT, Jumeirah Lakes Towers PO Box 73463 Dubai, UAE
Website: www.bluebeetle.ae
With over 10 years of experience, Red spider Web & Art Design is the leading web design & development company based in Dubai. The team has consistently exceeded client expectations by apply expertise and adhering to best practices and international standards.
Contact Details: Phone numbers: +971 55 5515 475
Address: Office: 1002, Burj Gate Tower, Sheikh Zayed Road, Dubai. United Arab Emirates
Website: www.redspider.ae
Element 8 is a web design company based out of Dubai, UAE. During its last 12 years of service history, the company has created a unique position in the web space in UAE. Unlike other web development companies in Dubai, Element 8 keeps everything in-house. Major Clients of Element 8 includes White Eagle, Spacewell, Yas bay, Saudi Cast, Chestertons and more.
Contact Details: Phone number: +971 50628 2055
Address office: Office 3401, Latifa Towers, Sheikh Zayed Road, Dubai, United Arab Emirates
Website: https://www.element8.ae/
Look no further!
To stay ahead in the digital world, it’s very crucial to adapt and embrace the latest web design trends. Failing to keep up with the emerging trends can result in lagging behind competitors who prioritize user centric and innovative approaches. Web designs and development demand is active and changing daily in Dubai.
We at Penieltech will help you work towards establishing a strong online presence and achieving your digital goals. Our service offers web hosting, SEO Services, Social Media Marketing and UI/UX Design. Updating your website’ design can positively impact the company brand, contact us at Penieltech.com or schedule a consultation today at +971 4 239 8571.
FAQs
The future of web design focus mainly on enhanced user experiences with faster, more modified websites. As AI integration, sustainability driven, voice optimization is taking over we can see smooth navigation and increased use of potential technologies.
Hiring a professional team to design your organization's website can help you target customers by conveying the exact message to them.
Having a professional website builds trust and credibility with potential customers, as it demonstrates the organization's and team's commitment and gives a clear sense of confidence in the company brand.
It’s a definite YES.
As we peer into 2025, the digital revolution is accelerating to another level and emerging into the realm of Artificial Intelligence (AI). The accounting industry is currently experiencing a significant transformation amidst the hustle and bustle of today's fast-paced environment, with AI playing a crucial role in transforming the accounting industry, advancing efficiency and facilitating more profound insights. AI is becoming an essential tool for modern accounting practices.
AI has transformed from a futuristic concept to pivotal catalyst of transformation across various sectors. It involves replicating human intelligence in machines, enabling them to carry out functions as tasks such as learning, reasoning, problem-solving and decision-making.
Accounting software is a software application designed to help bookkeepers and accountants in recording and reporting the day-to-day financial transactions. Different organizations have diverse accounting software requirements.
The software includes SAP, Microsoft, Oracle, and Intuit.
Spreadsheets: Mainly used by small companies that don’t work with complex transactions and operations.
Commercial accounting software: Midsized companies typically use them for business accounting needs. It usually includes graphs that summarize data and reports that provide an overall view of the company’s financial status.
Enterprise accounting software: This software often uses big data and AI to drive insights and make forecasts.
Custom accounting software: Certain companies, in the course of their business operations, occasionally take the initiative to create and develop their accounting software.
The ability to effortlessly access accounting information through accounting software makes it easier to complete audits. Manual booking and audits are quickly becoming outdated as AI tools take over repetitive tasks. This software helps in detailed financial transaction tracking and instant report and analysis.
AI has a wide range of applications in accounting namely Data analysis, fraud detection, pricing analysis, forecasting, auditing, business communications, AI-assisted scenario generation for strategic planning, business intelligence and decision making. When AI is utilized effectively, it offers numerous advantages.
An ERP system is robust software designed to streamline business operations and workflows of any information, reporting and data analytics in intricate businesses.
ERP software solution is a business management software system that is designed for large companies with complex financial needs.
In the early 1990s, ERP and software system was termed by Gartner where he designed to manage various business operations into one integrated system, from accounting, HR and payroll, inventory, warehousing, to supply chain management and procurement. It connects and shares one common database, therefore decreasing the number of resources necessary to run the business end-to-end.
Some common features of ERP software, categorized by their use:
By implementing an ERP system, data gathered by one department can be easily accessed by any other department in real-time.
There are four types of ERP software deployments: Software as a service, also known as on-site ERP, cloud-based ERP, a hybrid model, and Muticloud. Each software varies from the others comes with its own set of pros and cons, and is tailored to meet specific business requirements and ERP strategies. The most common ERP system is Muticloud ERP. (Including more than one cloud-based system integrated with the ERP) It is widely adopted example of integration-enhanced ERP system used by organizations embracing modern technology.
Bookkeeping involves recording and tracking the financial transactions of any business daily. Efficient recording and organizing of financial transactions guarantee that the accuracy and timeliness of each transaction is recorded.
Bookkeeping involves four basic steps:
In recent years, manual bookkeeping has been largely replaced by online bookkeeping using specialized accounting and bookkeeping software like QuickBooks.
At penieltech we provide top-notch service for ERP software in UAE and Oman which is designed to fuel your business growth and streamline operations across sales, inventory, accounting, HR, CRM, payroll, manufacturing and much more.
We offer the following services as well: QuickBooks Online, QuickBooks Hosting, Tally Prime, Odoo, ERPNext, Sage.
Every business is unique, so carefully consider your business needs and make the right decisions by reach out to us at Penieltech.com for expert guidance.
FAQs on Automation Revolutionizing Accounting Practices in 2025
Artificial Intelligence (AI) involves the emulation of human intelligence processes through machines, particularly computers. AI and automation are not only just reshaping industries worldwide but are significantly altering the accounting practices within the UAE. Soon, the UAE will be driven at its best in advanced AI and automation technologies by serving small to large organizations with new opportunities to shape their future.
International Financial Reporting Standards (IFRS) is the only accounting standard accepted for financial reporting purposes in the UAE.
In accordance with UAE regulation, Businesses are required to uphold financial records, which include:
The UAE is set to implement a range of significant alterations starting in January 2025, which will enhance the country's future by improving healthcare, safeguarding the environment, and boosting the economy. The new taxes will restructure the financial landscape for Multinational enterprises.
If you’re thinking of expanding your business in the United Arab Emirates, you need to have good knowledge of the country’s VAT system.
The United Arab Emirates is known for being a tax-friendly country. In 2018, the implementation of Value Added Tax (VAT) across the UAE was introduced on January 1st at a standard rate of 5%.
VAT is a form of consumption tax on the transactions of goods and services. In recent years, the UAE government has made a few changes. Ever since the implementation, every business, whether small or large, has been legally responsible for registering the VAT or will be accountable for paying hefty penalties according to the FTA regulations.
The new taxes are already in the implementing phases, which began on January 1st, 2025, and are part of the Domestic Minimum Top-Up Tax (DMTT) framework. The DMTT targets specifically large multinational companies, leaving small and medium enterprises unaffected.
The steps to implement VAT for a new user are as follows:
Tax is used by the Government to raise revenue for public services. They are mainly classified into two types;
Around 150 countries have implemented VAT, including 29 European Union (EU) members namely Canada, New Zealand, Australia, Singapore, and Malaysia.
The value-added rate in the UAE is 5%, which is considered the lowest among other countries and is usually charged at each step of the supply chain. A VAT-registered company must collect the tax established by the government at 5% on goods and services. It is mandatory to maintain records of every transaction where VAT is paid.
VAT calculator is a reliable and easy-to-use tool used in day-to-day business for establishments to perform VAT calculations and to know the total VAT amount. Understanding the core importance of Value Added Tax (VAT) and making precise calculations is important for financial management.
As per the UAE law, the standard rate of VAT is 5 %. UAE VAT calculator has two options namely ADD VAT or Subtract VAT.
Steps to use the VAT Calculator:
The difference between the VAT collected and the VAT paid is either refunded or given to the tax authorities. The value-added tax is a consumption tax collected at each stage of the supply chain, with businesses collecting VAT on their sales and paying VAT on their purchases.
The major difference between the VAT collected and VAT paid by a business is calculated frequently. This is why it is important to know how to calculate the VAT.
The measure for the new tax has the most significant impact in Multinational enterprises operating in Dubai, UAE. Few Rules to be followed by the MNEs are compliance with Global Tax laws and increased operating costs.
Tally Prime by Tally Solutions is user-friendly and specifically designed even for individuals with no background in IT or accounting. By spending just a few minutes reviewing helpful information, business owners can easily identify areas that need attention.
Three steps to follow before starting to use Tally Prime:
Tally Prime is a comprehensive business management software that includes features for accounting, inventory, statutory compliance, banking, payroll, and more. With a Multi-user License, you can have unlimited users on the same LAN environment, allowing for a larger volume of transactions. Tally Prime has been extensively tested to ensure reliability and trustworthiness. Even in the event of unexpected issues such as network disruptions, power failures, or system reboots, your data will remain safe and free from corruption. Tally Prime enables real-time and secure access to crucial business reports from a web browser, on any device, anywhere. It is user-friendly and can be easily learned and operated by anyone.
A customer orders a laptop online from a UAE-based e-commerce store for AED 4,000. With a 5% VAT, the customer pays an additional AED 200, making the total AED 4,200. The e-commerce store must collect and report the VAT.
Peniel Technology delivers exceptional services to the customers in the UAE by providing training on Tally Prime Gold. Tally accounting software is used in the UAE globally and is favored by organizations of varying scales. We recently launched the product, Tally Prime 5.1, an improved version of Tally.ERP 9. It helps the people to work faster and achieve better results.
Tally Accounting software and support are also available in Dubai, Oman. Contact us for further queries on Tally Prime with Penieltech - www.penieltech.com.
Other than TallyPrime we offer ERP Software, VAT Accounting Software, Invoicing Software, VAT Consultant, and VAT Services. Tally prime can be used by Single and multi-user.
What are the latest Taxes implemented in 2025?
The UAE has put its New Year resolution in place and has implemented DMTT (Domestic minimum top-up tax) in Dubai on January 1, 2025. It reflects the adoption of the Organization for Economic Cooperation and Development's pillar solution. DMTT is targeted specifically at large multinational companies, leaving small and medium enterprises unaffected.
How does the Domestic Minimum Top-up Tax work?
A top-up Tax is charged on an MNE group when its ETR in jurisdiction is below the 15% minimum rate. This is the first step in jurisdiction.
What are the expectations available under the new taxes in Dubai?
The Government of Dubai has introduced new taxes to prevent small and medium enterprises from being overwhelmed.
What are the challenges faced after implementing the new taxes in Dubai?
Even with the latest implementation of the tax system, there are challenges linked as well:
What penalties will the business have to face if not comply with the new taxes?
Small and Medium Enterprises if not compelled by the new taxes in Dubai may face severe penalties, including fines and potential restrictions on operations.
To avoid penalties by the Government, ensure timely compliance by seeking professional guidance.
In the constantly evolving business environment, technology plays a crucial role in driving efficiency, growth, and productivity. However, managing the IT infrastructure efficiently can be daunting to many organizations, especially for small and medium-sized businesses.
This is where managed IT services come into play, offering a cost-effective solution to save your business both time and money.
Table of Content
Managed IT services refers to the process of outsourcing your company’s IT operations to a specialized IT service provider. These providers shoulder the responsibilities of managing, monitoring, and maintaining your IT systems, including ERP (Enterprise Resource Planning) software, allowing you to solely focus on your core business activities.
Providers use smart tools to catch and fix issues early. This keeps your systems running smoothly and avoids time-consuming breakdowns. As a result, your business experiences less downtime and increased overall efficiency.
When issues occur, a team of experts is ready to help. This means less waiting time for your staff and faster solutions. The rapid response ensures that minor hiccups don't turn into major disruptions to your workday.
By setting up efficient systems and standard processes, managed services streamline your business. Your team can focus on their main jobs instead of dealing with IT hassles. This improved focus often leads to higher productivity and better quality work across your organization.
Software and system updates happen automatically. No need for your team to spend time on routine IT maintenance. This not only saves time but also ensures your systems are always protected with the latest security patches and performance improvements.
Building an in-house IT team is costly. Managed IT services give you access to skilled professionals for less. You get expert help without paying full-time salaries, benefits, or training costs. This approach allows you to redirect funds to other critical areas of your business.
Most providers use flat-rate pricing. This makes budgeting easier and more accurate. You won't face surprise bills from IT emergencies or system breakdowns. Knowing your IT costs in advance helps you plan your finances better and avoid cash flow issues.
As your company expands, so do your IT needs. Managed services adapt easily to these changes. You can pay for what you use, adjusting to the needs of your business. This flexibility is especially useful for businesses with changing demands, helping you stay agile in a competitive market.
When systems go down, it costs money. Managed IT services use strong monitoring and upkeep practices. This greatly cuts the risk of downtime. You save money by avoiding lost work time and missed business opportunities. Consistent system availability keeps your operations running smoothly.
Access Service providers invest in advanced tools and technologies. These are often too expensive for smaller businesses to buy on their own. By using these services, you get enterprise-level IT solutions without the big price tag. This levels the playing field, allowing you to compete with larger companies on a technological front.
When considering managed IT services, you need to be careful in choosing a provider that aligns with your business needs and goals. Look for an IT service provider with a proven track record, industry expertise, and a comprehensive service offering. Consider factors such as their response times, service level agreements, and the range of technologies including VOIP (Voice Over Internet Protocol) they support.
The right managed IT services partner will not only help you save time and money but also provide strategic guidance to help your business leverage technology for growth and innovation.
Technology is integral to business success. Managed IT service providers offer solutions for businesses that are looking to manage and optimize their IT operations. By outsourcing your IT needs to a qualified provider, you can focus on your core business activities. This also allows you to reinvest the time and money saved through managed IT solutions to drive innovation and growth.
Are you ready to streamline your IT operations, reduce costs, and focus on growing your business? Contact a reputable managed IT service provider to discuss your unique needs and discover how their solutions can benefit your business.
Are you a business owner trying to juggle multiple things and handle several branches at the same time? Then you need to find a way to handle everything so your business’s growth is not slowed down. In this situation, QuickBooks Enterprise's multiple branch features can help you, because using separate QuickBooks for each branch might not be practical.
You can handle everything with just one copy of QuickBooks software. It allows you to make different branch files that are separate from each other in the same software. In this article let us see how to set up Quickbooks for multiple branches and handle it.
To set up multiple branch files in your QuickBooks software, you need to use the New Branch Interview wizard. Each branch gets its own file that you can change as needed.
In short, even after you create multiple branch files, you can adjust them later. If you can't find any option in your dashboard, feel free to contact the QuickBooks Enterprise UAE Help Desk.
1. Open QuickBooks and click on File at the top of the screen.
2. Pick "new branch" from the list that drops down and click Express Start.
3. Write the new branch's name, address, and contact details in the boxes provided, then click Create Branch.
4. Do these steps again for each extra branch you want to set up.
To switch between branches in QuickBooks, click ‘File’ at the top and choose ‘Open Previous Branch’. Then, find the branch file you want and click ‘Open’.
If you've recently upgraded to a new version of QuickBooks, you can still use your old branch file. You do not have to make a new account.
To set up separate QuickBooks accounts for each of your business branch:
1. Go to the menu of “Lists” and choose the “Chart of Accounts”.
2. Click on the Account button and then select New.
3. Choose what type of account you need (like bank, income, expense, etc.).
4. Give the account a name and fill in the important details.
5. Repeat these steps for every account you need to create.
To create customer or vendor profiles:
1. Go to the Lists menu and choose Customer & Vendor Profile Lists.
2. Click the New button and pick the type of profile you need (Customer or Vendor).
3. Type in the name and details of the customer or vendor.
4. Repeat these steps for each customer or vendor you need to add.
To create items:
1. Go to the Lists menu and choose Item List.
2. Click the Item button and then select New.
3. Choose what type of item you need (like service, inventory part, non-inventory part).
4. Give the item a name and fill in the details.
5. Repeat these steps for each item you need to create.
After creating your branch file, customize QuickBooks for your business with these recommended steps:
1. Add your branch information.
2. Create Products and Services.
3. Add Customers and Vendors.
4. Enter your employee information.
5. Create accounts on your chart of accounts.
6. Set up apps or subscriptions for payments, payroll, etc.
7. Enter historical data as needed.
Tip: Many accountants have switched to QuickBooks Cloud Hosting solutions so they can easily manage multi-branch accounting or bookkeeping.
1. First, open QuickBooks. This is the accounting software you'll use to manage your branches.
2. Visit the QuickBooks pricing page and choose the subscription you want. This will determine how many branches you can add to your account.
3. Scroll to the bottom and look for the small text that says, "Adding a branch to an existing account." This is the link you'll use to add a new branch to your QuickBooks account.
4. Enter your QuickBooks user ID and password. These are the details you use to sign in to QuickBooks.
5. Click Continue. This will take you to the New Branch page.
6. Click Start Interview. This will begin the process of creating a new branch file.
7. Follow the on-screen instructions to enter details about your branch, like its name, address, and phone number. These details will be used to create your branch profile.
8. Click Next. This will save the information you've entered and take you to the File Name for New Branch dialog box.
9. In the File Name for New Branch dialog box, enter a name for your branch file and choose where to save it. The file name should be different and unique so it will be easy to remember.
10. Click Save. This will create the new branch file and take you to the Create Your Branch Profile dialog box.
11. In the Create Your Branch Profile dialog box, enter more details about your branch, such as its business category and number of employees. This information is optional, but it can help QuickBooks better understand your branch category.
12. Click Finish. This will create your branch profile and take you to the QuickBooks home page.
You don't need to subscribe to another license if you add a second branch to your QuickBooks account. You can add branches with different Tax Registration Numbers separately to have the taxes recorded correctly.
Here are the Steps:
1. Click on File in the top menu bar of QuickBooks.
2. From the drop-down list, select New Branch, and click Express Start.
3. Enter the name, address, and contact information of the new branch in the relevant fields and click on Create Branch.
4. Repeat the process to set up other branches.
If you want to switch between branches, simply click File from the top menu and choose Open Previous Branch. Find the branch file you want and click Open.
Once you've created multiple branches on the same QuickBooks enterprise UAE, you need to know how to switch between them when needed. To switch between branches:
1. Click the “File” option on the menu bar
2. Select Open Previous Branch from the dropdown list
3. Find the file you need
4. Click Open
Here are the steps to add another branch to your QuickBooks account, follow all the steps carefully:
1. First, open QuickBooks' official website https://quickbooks.intuit.com/choose-country/ in your browser.
2. After opening the website, it will ask you to select your continent.
3. Once you've selected your continent, choose your country from the given list.
4. After that, you'll see two options: Buy Now and Free 30-day trial. Click on the option you want.
5. Now, choose your new QuickBooks plan.
6. After choosing the new QuickBooks plan, click on add another branch.
7. Then, enter your existing QuickBooks login details, and follow the prompts to finish the signup process.
In short, QuickBooks is the right solution you might be looking for all along for your business. It helps your team work together and keeps your financial information safe. But not all businesses are alike, so think about your business needs and make the right decisions.
But if you feel confused at some point and wonder what will be the right choice, you can reach out to a Quickbooks consultant. They can help you set up and manage Quickbooks in easy and efficient way for all your business branches.
