One of the attractive features of our accounting software is the efficient operations it offers in terms of basic accounting activities such as accounts receivable, accounts payable, general ledger.
Business owners can have a look at their accounts and their activities at any point in time through the software. There are different filters such as date, range, etc., which can be used to have a detailed view of the account.
Bank reconciliation is a primary process of any financial or banking transaction where the bank statement of the account holder is compared to the records maintained by the account holder. In other words, it ensures if the financial data of the business is accurate.
This feature of Advance enables you to track all the business transactions and visualize key performance metrics (KPM). Records like profit and loss statement balance sheet and expenses reports come under this.
Advanced accounting tools not only allow you to create and distribute invoices but also facilitate an easy sales process. Recurrent transactions, such as contract and subscriptions, come under this.
Activities and transactions like calculations, processing, and payment distribution of salary to the employees (or contractors) can be done easily through our cloud-based accounting software.
Budgeting and forecasting features offered by Advance accounting software UAE help businesses to plan their budget according to the forecast made by the software. The software uses smart technologies to analyze the available data and identify patterns or trends and the estimated revenue cash flow or expense.
This feature helps in managing various expenses such as subnetting processing and monitoring every work-related spending.
With our accounting system, businesses get an opportunity to customize their pending report and get a holistic view of how much money is being spent on which areas.
This is one of the unique features offered by the Advance, where you can automatically convert different currencies to help businesses accept payment from global clients. Supports issuing quotes, sending invoices, and accepting payments in foreign currencies. This gives your business an international approach.
Assets are important for the business, no matter which sector it operates into. Fixed asset management enables businesses with an ability to track capital assets and properties, suggests machinery vehicles, the infrastructure of the company, etc. Advance can also help in calculating the depreciation of tangible assets over a period of time.
Missing an invoice for failing to make a payment does not create a good impression. This software has an account payable aging feature that reminds you of how much amount you owe to a particular vendor in detail. The software also displays your total balance and the payment to be made in the upcoming months.
The success of any company depends on the efficient use of resources. In today’s world, technology is one of the prominent assets or resources that every company has to manage efficiently in order to extract the most and the best out of it. Hence the process of choosing and deploying the right accounting software in UAE has to be conducted accurately. Selecting a pure software technology or a cheap technology with poor facilities will land your business in trouble.
The right accounting system, on the other hand, will reduce your workload cost (operational & manpower). A perfect system will also perform faster and accurately than any human can. This speed and accuracy are crucial when you are dealing with financial data. If you are a medium scale or large scale business, you cannot work and handle paperwork manually. If the business is growing, you need to increase technological involvement too. Automatic accounting software will work faster, save time, and cost also.
If you have any questions or need help, feel free to contact with our team, or call +971 43552549
As one of the leading software companies in UAE, we focus on creating customized solutions specific to each of our customer's business processes and roles. No matter what your requirements are, we have the team, resources, creativity, and energy to deliver software solutions that drive your business growth.
Request a demo with one of our product experts and understand on how you can leverage our app development services to generate the results and outcomes you want for your business.
We get a lot of questions about Advance Accounting Software. You can find some of the most common questions and answers below. If you have another question, please get in touch with us through email or phone.
Does using this software need any specific training?
This software is made to simplify the process and not to complicate it. Hence the user does not have to have any special skills or training to use the software. Every feature of the software can be used by every authorized person to track the income and expenses, create customer invoices, or print records, etc. In case of any doubts, the software comes with a number of guiding materials in the text and video format, which can be availed free of cost.
Is there any limit on the number of customers that I can add to the accounting software?
There is no such limit. You can add as many customers as you want into the software.
I have a specific number of customers having the same requirement every month. Can I automate their invoice?
The accounting premium feature will allow you to send recurring invoices automatically to these customers as per your decided schedule or date without any additional charges.
Is there any limit on the bank transactions or reports that I can import?
There is no such limit or restrictions on the number of bank transactions you can import.
If you are a business owner, you certainly need a software system to keep track of your finances – something that comes under your budget. When there are hundreds of accounting software on the market, it is difficult to choose the right one. If you are looking for the best accounting software in Dubai, this article will help you with that. Before you start searching for the best accounting software for your business, you should list out all the features you require. Not every software has the same features. If you are not sure about what features you need, you should consult with someone who can help you map your requirements. It could be an accountant or a software consultant who can understand how your business works and can recommend the right system that meets all your requirements.
Once you have listed your requirements, you should check the features of each software to see if it matches your requirements. The following are some of the core features that every accounting software should have.
General Ledger
Chart of Accounts
Trial balance
Balance sheet
Accounts receivable
Accounts payable
Point of sale
Payroll
Expense management
Billing and Invoicing
Factors To Consider While Choosing An Accounting Software In UAE
Along with comparing the modules in the accounting software, you also have to consider other factors like the ones listed below.
User-Friendliness
You are planning to get the software to make things easy in the accounting area. Choose software that will help you with that. If the user interface is too hard to understand and navigate, it will only waste more of your time.
Data Migration
If you have not used any accounting software before, you might want to consider this. Will you be moving all the old data to your accounting software? Do you have the data stored in any digital format? Will your new accounting software support data migration.
User Access
If you have more than one accountant, you should check if the system will allow multiple logins. Some software is sold on a user basis so you might want to get the number of users according to your company size.
Payroll Calculation
Check if the software can help you in calculating the payroll. This could be a great advantage in terms of time. The payroll software will calculate the payroll based on the hours worked by the staff.
