Accounting software is a solution used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts. There are many features, benefits, and things to consider when you pick an accounting tool for your business. Whether you are a starter in need of a better solution or you need experts taking care of your already existing software, we are at your service.
Top accounting software in UAE
Zoho Books
ho Books is an intuitive accounting program with full accounts receivable and accounts payable functionality. It’s also very affordable, making it the best accounting software for really small businesses. Zoho Books stands out as a good option for microbusinesses beyond its affordability. It is easy to set up and use, and it still manages to be powerful and comprehensive.
Features of Zoho Books
Receivables
The receivables functionality module in Zoho Books will streamline your invoicing process to help automate the process of receiving payment from clients.
Payables
The payables functionality module in Zoho Books will help create, send, and manage bills.
Inventory
Monitor stock levels and replenishment processes with the inventory functionality module in Zoho Books.
Banking
Know where your money is using the banking functionality module in Zoho Books.
Time Tracking
The time tracking functionality module of Zoho Books lets you track and bill time as well as manage projects.
Contacts
Store information on all your contacts within the Contacts functionality module of Zoho Books.
Reports
View dashboards, reports, and charts with the reporting functionality module in Zoho Books.
Xero Accounting
Xero is an emerging leader of cloud-based small business accounting software with tools for managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping and more. Xero is an alternative to QuickBooks. It is a modern, small business accounting software that lives in the cloud. It’s accessible from any computer or mobile device, making for a smarter and easier accounting process, with features including cash flow tracking, payment processing, bank reconciliation, expense tracking, inventory management, financial reporting, and more.
Features of Xero
Online Accounting
See your cash flow in real-time. Just log in anytime, anywhere.
Bank reconciliation
Automatically import and code your bank transactions
Invoicing
Create and send invoices automatically and get paid online.
Add-ons
Pick from a wide range of powerful add-ons including Freshbooks, Salesforce, ADP, Harvest and more.
Mobile
Do invoice, expenses and track cash flow on the go.
Inventory
Track stock movements and make invoicing even easier with Inventory Items
Pay Bills
Manage your spending and make bill payments in bulk to creditors
Financial Reporting
Instant, up-to-date reporting with quick links to all the original transactions
Expense claims
Handle personal expenses – just review and approve receipts
Quickbooks Online
QuickBooks is the most popular small business accounting software businesses use to manage income and expenses and keep track of the financial health of their business. You can use it for invoicing customers, paying bills, generating reports, and preparing taxes. The QuickBooks product line includes several solutions that work great for anyone, from a freelancer to a midsized business.
Features of QuickBooks
Create and Track Invoices
You can create invoices easily and either print them or email them to customers. QuickBooks will automatically record the income and track how much each customer owes you.
Keep Track of Bills & Expenses
QuickBooks automatically keeps track of your bills and expenses by connecting your bank and credit card accounts to QuickBooks so that all of your expenses are downloaded and categorized. If you need to track a check or cash transaction manually, you can record it directly in QuickBooks in just a few minutes.
Print Financial Statements for Your Business
By managing all of your cash inflow and outflow activities in QuickBooks, you can print financial statements that can provide useful information about how your business is performing.
Profit & Loss Report
The profit and loss report will show you how profitable your business is by summarizing its income minus its expenses. The report shows you the bottom line net income (loss) for a specific time period, such as a week, a month, or a quarter
Balance Sheet Report
The Balance Sheet Report shows what your business owns (assets), owes (liabilities), and it’s net worth (equity) at a particular point in time.
Statement of Cash Flows
The Statement of Cash Flows in QuickBooks will show you all of the activities that affect the operating, investing, and financing cash inflows and cash outflows for your business.
Track Inventory
QuickBooks can track the quantity and cost of your inventory. As you sell inventory, QuickBooks will automatically allocate a portion of your inventory to cost of goods sold, which is an expense account that reduces your income.
Simplify Taxes
QuickBooks can do for your small business is to simplify tax time. By far, the largest headache in preparing a tax return is compiling your income and expenses.
Accept Online Payments
One of the best ways to improve your cash flow is to offer customers the option to pay their invoices online. You can add QuickBooks Payments so that customers can pay online directly from their emailed invoice. QuickBooks Payments is similar to other merchant services.
