Businesses across the world become a success not only by selling their product but also by maintaining the accounting and other records of the business which makes them seamless. Accounting software is the Trojan horse that accountants in reporting and recording the financial transactions of the organization. There are several different types of accounting software available in the market from which the business owners can choose one according to their business types. Learn more about top 10 accounting software in Dubai for 2022.
Some small businesses require bog-standard and generic software whereas large companies would prefer customized software based on their business needs. The accounting software allows the storage of diverse amounts of records without having to require up much physical space. The ability to simplify the access of accounting information through the software makes it quicker to finish audits, particularly when the user requires to evaluate the information for previous years.
Intuit QuickBooks is one of the foremost accounting software.This software provides you with three different editions as a pro, premium, and enterprise. QuickBooks enterprise edition is commonly used for large industries that require all-in-one packages as finance, reporting, sales, inventory, purchase, payroll, and accounts payable & receivable.When there are multiple companies for the same organization, they can be accessed at one instance with multiple consolidation entries.
QuickBooks enterprise UAE provides real-time insights into the business performance with their corresponding reports. The inventory services like scan the products for automatic data entry, fast & accurate order fulfillment, and automatic updates on every sales, invoice, and purchase order.
- Automatic payment reminders – send alerts to the customer when invoices are due for payment.
- Reduces client time by adding PO number to the subject of the mail.
- Fast and hassle-free management
- Smart insights of the records
- Access anywhere and anytime remotely
- Simplify the complexity of pricing
- Automate workflows
Many business owners have the idea of automating the accounting process that makes it easy of recording the business process. Tally prime is the perfect solution that simplifies the complex business process of monitoring the inventory, sales, and purchase orders. The new features of Tally give an enhanced view of the options on the top of the file. The user can restrict the data access to the employee according to their position.
TALLYVAULT provides strong encryption of business data by creating multiple security levels where you can limit the accessibility concerning the role of the employee. All-new “GOTO” feature allows the user to move from invoice creation to any of the report screens and return to the same place without any loss in the data entered.
Tally prime supports bilingual report generation where you can generate the invoice both in Arabic and English. Tally UAE allows the user to automatically reconcile your bank statements with books of accounts. The user can get a whole automated report on stock analysis, payment management, outstanding management, and sales order.
- Generate Multi-language invoice
- Single sign-on
- Switch user without changing the content
- Access anywhere and anytime
- Simplifies the usage of username and password
- GOTO feature
- Inventory management
3. Sage Accounting Software
Sage is accounting software that helps in maintaining the financial process involved in all sizes of companies. This accounting software allows managing multiple companies with different accounts in the same place. Supports multicurrency which can be used to manage the business data and its operation globally. The user can track, send and manage invoices to avoid late payment from the customers and have a healthier cash cycle.
- Settle bills online
- Invoice through email
- Custom management center
- Fixed assets management
- Standard accounting
- Standard accounting
- Track expenses automatically
Odoo is an absolute package of software that helps in managing all the financial processes such as invoices, reports, inventory, manufacturing, and bank of accounts. Odoo allows the user to split the invoices into multiple payments and split the payment into multiple invoices. The user can customize the dashboard according to the Key Performance Index (KPI’s).
- Easy setup
- Pay multiple invoices
- Automated bank collaboration & reconciliation
- Reduce data entry
- Save time
- Advanced customer statements
- Clean customer invoice
5. Zoho Books
Zoho Books is VAT-compliant accounting software that permits the user to send invoices, manage expenses, track inventory and generate accounting reports. This application helps you to create an account in a blink and stay on top of the required cash flow. Business managers can directly file their taxes using Zoho books.
- Inventory tracking
- Landed costs
- Vendor credits
- Transaction approval
- Customizable invoice template
- Inventory adjustment
6. Microsoft Dynamics
Microsoft Dynamics is one of the best accounting software which ensures an accurate set of books with the speed of entry. With dynamics, organizations can manage the ability to view vendor information and material requirements.
- Quick journal entries
- Refund checks
- Issue collection of letters with SmartLists
- Fixed assets transfer
- Payable transaction entry
FreshBooks is cloud-based accounting software that helps the user to manage invoicing, recurring bills, accounting, and payroll. FreshBooks Payments provides account managers to create invoices and receive payments online. The balance sheets provide the cumulative balance of all the accounts starting from the first transaction till the data selected by the user.
- Time tracking
- Checkout links
- App integrations
- Charts of accounts
- In-app estimates and proposal
Xero is cloud-based accounting software that is vastly used by small businesses which help to protect your data with multiple layers of security. The online accounting dashboard gives real-time updates on your business.
- Mobile invoicing
- Entry consistency
- Track and stock quantity and value
Wave accounting is intended to assist businesses to streamline the bookkeeping process. Wave provides bank reconciliation tools that help businesses to manage all master information in real-time to enhance the efficiency and accuracy of business.
- Customizable chart of accounts
- Invoice status tracking
- Import bank statements
- Automatic bill reminders
- Importing & exporting data files
Focus is an online accounting software perfect for mid-size and small businesses. It deploys artificial intelligence which helps the user to automate and customize formulas and dashboards to enhance productivity.
- Marketing integrations
- On-time and error-free billing
- Automated accounting
- Automatic bill reminders
- Resource management