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Tally Software for Trading

Tally Prime is the perfect accounting solution for trading companies in Dubai, UAE, and Abu Dhabi. Penieltech offers Tally software with VAT compliance, inventory management, and financial reporting. Streamline your trading business with Tally’s automation and real-time insights. Contact Penieltech for the best Tally solutions and support.

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  • Inventory Management – Track stock levels in real-time.

  • Multi-Location Support – Manage multiple store locations.

  • Sales Tracking – Monitor sales performance effortlessly.

  • Data Backup – Secure data with regular backups.

Why Penieltech!

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Tally Software for  Trading

The trading industry plays a crucial role in the UAE economy, consistently contributing to business growth across various sectors. Owning a trading company is an exciting venture, but handling and tracking the finances is quite challenging.
With the latest updates in the new version of Tally Prime, users can easily generate and customize the reports to meet their specific requirements. In this era, competition has become an important point, which has increased a lot of pressure among the business owners. Timely managing of trading accounts helps business owners avoid losing valuable customers, assets, and time invested, and helps it helps them avoid fines from the government.
Types of Tally Software
  • TallyPrime (Single User)
  • TallyPrime (Multi User)
  • Tally. Server 9
  • Tally on cloud
  • Tally customized solutions

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Tally Prime

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Key benefits of accounting software features

  • Saves time and automation
  • Improved visibility of more accurate information
  • Up-to-the- minutes information access
  • Compliance
  • Security and continuity
  • Better decision-making
  • More productive employees
  • Lower cost
The companies often incorporate additional features in the form of add-ons and modules based on the business size and complexity. In most cases, these enhancements offer similar advantages, businesses digitize, automate, boost accuracy, and enhance their accounting and financial operations.
The standard VAT rate for UAE is 5%, which is the lowest rate at the global level. To apply for a VAT number in Dubai, it is mandatory to possess a tax identification number. This is issued by the Trade register in Dubai. Based on the TAX identification number, a company will issue a VAT certificate.

VAT Guidance Based on FTA Rules

VAT registration is highly beneficial for new companies in Dubai. However, under certain conditions, VAT registration is required:
  • Natural persons and companies making VAT-taxable supplies in Dubai can register voluntarily for VAT.
  • Voluntary Registration: For businesses with taxable supplies and imports between AED 187,500 and AED 357,000 is not necessary, yet it can be beneficial for credibility and tax recovery.
  • Mandatory Registration: Companies selling and /or importing goods and services exceeding AED 375,000 per year are required to register for this tax.

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Commodity Traders for Tally Software

Companies which trade or manufacture commodities face a huge number of challenges in today’s competitive world. The solution consists of contract management, risk management and supply chain features. It is applicable for use by international trading companies, production companies and refineries.
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Tally ERP Versions for trading

Tally Prime ERP is a robust accounting and financial management software that offers numerous technological benefits. One of its key technical advantages is its user-friendly interface, making it easy for entrepreneurs to handle their financial affairs.

Why choose Tally Software for trading companies?

  • Data reliability and security
  • Payroll management
  • Banking sector management capabilities
  • Simplified budget maintenance
  • Simple tax returns filing
  • Compliance audit tool
  • Remote Access of data
  • Quick document retrieval
  • Control center features
  • Customization options

We are here for You

Our team at Penieltech will guide you for any start-up business for trading. Tally Prime helps many business owners to run their business smoothly. Contact us at.
[email protected] or call us at+971 4 239 8 571
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Here to Help, Big or Small

We are dedicated to your business success. Feel free to contact us anytime for support, guidance, or assistance. Our team is here to help you achieve your goals every step of the way.

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FAQ's

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