Say goodbye to accounting errors. 100% VAT compliant invoices. Fast, Smart & Affordable accounting solution for Dubai
Integrated Accounting Solution with VAT
Affordable VAT-trained accounting software solution for your expanding company. Automate business procedures, track income, and expenses, and also streamline business transactions.
Reporting and analysis
As you run your business, your accounting software collects a lot of data through integrations with your POS, CRM and other business applications.
Manage inventory
With accounting software, you can track products sold, set reordering thresholds, and run reports on which items are doing well and which aren’t.
01
Accounts-based charts
An index of all the accounts in an accounting system is provided by a chart of accounts (COA), a financial and organizational tool. This gives information about all of the business's financial transactions. For each sort of asset, liability, equity, revenue, and expense, an account serves as a distinct record.
The Chart of Accounts is a customizable hierarchy view for organizing book-keeping ledgers as needed.
While groups have both sub-groups and ledgers inside of them, ledgers function as leaf nodes
02
Journal voucher and payment
When there are no other options for entering data into the financial system, journals and vouchers are used to handle current accounting entries, allocations, and corrections.
You may avoid discrepancies while closing financial records by keeping a clean, precise ledger.
You may control cash flow, keep tabs on revenue and also spending, and set up alerts for phase closing.
03
Multi-Currency Accounting
Multi-currency Accounting is the practice of transacting in two separate currencies. A form of bank account called a multi-currency bank account enables you to receive, transfer, and hold other currencies.
You may manage currency exchange operations with the aid of the Elate Accounting System.
You can do this and the program will allow you to send bills and also add payments in any currency and have them converted to your base currency.
A Quick Overview of Elate Accounting Software's Features
Accounting software assists with managing contacts, paying bills online, managing payables and receivables, and managing invoices. It is a comprehensive solution for managing several currencies, expenses, taxes and VAT, and inventory.
Invoicing
- The software automatically generates professional invoices for clients and also suppliers. Automatically generate subscription orders. Automatically generate invoices for consumers as well as vendors.
Inventory
- Quickly add the products and services you provide to your transactions by capturing them in the software. Set a reorder point and top off the supply when it runs out. Always keep an eye on the inventory levels.
Expense Tracking
- You can keep tabs on every transaction whenever and wherever you wish. Keep a record of every financial transaction you make. Knowing where the money is going can help you make an informed choice.
