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accounting system in uae

Why Small Businesses Should Use Accounting Software?

The era now is of digitalization, and thus businesses whether small or big are adopting the technology so that they can make the best use of it and stay in the competition. The area of accounting is also included in it, businesses are opting for technologies like apps, software that can help in their business for accounting. If we talk about accounting software then tally software UAE is considered as the best accounting software. So, if you are using old traditional methods for accounting or still working on manual accounting then you should start using accounting software in your business especially if you own a small business. In this blog, we will tell you why small businesses should use accounting software in their organization.

tally software uae

Following are the reasons why small businesses should use accounting software:

  • Accuracy: When you use accounting software then all accounting and related tasks will be performed error-free and that too very speedily, which is impossible in manual accounting, because a human being will do a mistake but technology will never do that. And, thus you can achieve accuracy in your business. You should use the tally accounting system in UAE for your business as it is the best accounting software for your business.
  • Efficient: It’s infinitely faster to look up past transactions and records, and to run reports for loan applications or taxes, once you’ve learned the basics of accounting software. Also, you don’t have to share important data with various people because the data will be stored in the software and it will perform all the functions.
  • Automation: With the help of accounting software you can generate important business reports automatically. You can create budgets, invoices, etc. just with the click of a single button. You can also perform activities like payroll services. Thus, your time will be also saved. 
  • Backup: You can easily backup your data in the software, you can also easily backup your data in the cloud and can access your data from anywhere. And, thus there is no risk of data getting stolen or damaged. 
  • Affordable costing: Accounting software is very affordable and thus every type of business can purchase it whether small or big. And, when you compare the cost of accounting software to the employee for accounting then the cost of the software will be much less than the cost of the employee. Therefore, you should definitely buy accounting software for your business. 

So, these are the reasons why small businesses should use accounting software for their accounting and related functions. If you also own a small business or are a part of a small business then we would strongly recommend you to buy accounting software like tally software UAE.

We at Tally UAE, provide accounting system in UAE and also customized ERP software according to the need of the organization to our clients all around the world, so feel free to Contact Us for any software-related requirement, we will be really happy to help you. Thank you!

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5 Most Important Reports For a Business

As the owner or management of a business, you should always be aware of how your business is going and especially when you own a small or medium-sized business. You should keep reviewing your incomes, expenses, assets, cash flow, etc. these all things will give you a better idea about these things but how you will know all these things and here the role of business reports comes in when you prepare reports you will come to know about all these things and now software like tally in its tally latest version it prepares all these reports for the business automatically and it prepares all these reports very quick. In this blog, we are going to tell you about the important reports of a business.

tally latest version

Following are the most important reports for a business in Tally latest version:

  • Income statement: The income statement shows the total revenue and total expenses by the business in a specific period of time and the income statement is the report which is used most by the external and internal stakeholders of the company to study the profitability of the business and make important business decisions. And, also it is very useful in filing the correct taxes by your accountant. 
  • Balance sheet: The balance sheet shows you the financial picture of the company. It gives the details about the company’s assets and liabilities including the debtors and creditors. And, you should also know that the balance sheet is the most used report when you need funding for your business from the bank or other investors. So, it is a must need for your business You can get prepared this report easily and automatically through tally accounting software, and also the tally software price in UAE is very affordable so small businesses can also easily afford it. 
  • Cash flow statement: The cash flow statement analyzes the cash inflow in your business and cash outflow of your business. By cash flow statement, you can also know that which areas of your organization are generating the most cash for your business and which areas are spending the most cash and basis on this you can take important decisions for your business and it also estimates the future cash flow in your business and thus you can plan accordingly.
  • Accounts receivables aging: Accounts receivables aging report lets you know how well you are doing in collecting your funds from your debtors. Accounts receivables are a big source of cash inflow in the company and thus you have to be very efficient in this. By accounts receivables aging report you can know which customer is paying you in time and which customer is delaying the payment every time and based on that you can take the necessary actions. 
  • Accounts payable aging: The account payable aging report tells you how long you take to pay to your creditors and for a company, it is good to pay all the creditors on the time otherwise the creditors will not trust you and also your reputation will hamper. Account payable aging carries all these details and thus you can study them and start paying the creditors on time. 

So, these are the 5 most important reports for a business which businesses should always generate, you can also take help of tally latest version software as it provides you all these important reports and also many other reports. 

Tally UAE serves clients all over the world with tally accounting software and Tally UAE provides tally software price in UAE at the most affordable rate, so do contact us if you have any software-related needs; we will be happy to help. Thank you!

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What to Look in Best Accounting Software?

Accounting software assists you not only with your accounting functions but also with all of the major functions of your business, making it essential to have accounting software in your company. However, due to the rise in digitalization, there are many accounting software options available today like Peachtree accounting software, QuickBooks, etc. but the tally is considered as the best accounting software in Dubai. 

If you own a business and especially small business then you have to do many tasks on your own and thus the accounting works get ignored and if you hire a team for accounting then it becomes very much expensive therefore you should use accounting software in your business but you may be confused that which accounting software you should use, what you should look in accounting software right? Then don’t worry because, in this blog, we will clear your confusion regarding accounting software because we will tell you the things that you should look in accounting software so that you purchase the right software for your business.

best accounting software in dubai

Following are the things that you should look in best accounting software in Dubai:

  • Features of the software: Before buying the accounting software make sure to look that the software has all the important features like reports generation, inventory management, invoice generation, bookkeeping, and all the other accounting functions and if the software has these all functions then only buy that software.
  • Ease of use: You should make sure that the accounting software is easy to use such that a person with basic computer skills can also use the software. When you are buying accounting software then you are not buying for only one person’s usage, there will be many employees who will use it and it is not possible that all the employees will be pro in technology so you should make sure that it should be easy to use. 
  • Accessibility: Accounting software that is installed on a single device is no longer important.  You may, but, access the data you need at any time with present day on-line accounting software that allows you to get all of your records within the cloud. Desirable accounting software is the only that may be used from everywhere and at every time.
  • Data security: You should also look that whether the software offers data security or not because in today’s data-driven world data is very precious and frauds are running to steal your data and you need to protect the data so it is very important for any type of software to offer the data security.
  • Reliable customer support: It is important to have reliable customer support for the software because when you face any problem there should be people to guide you and solve any problem or issues in the software. The software company or the selling firm should be offering support for the software.

These are the things that you should look in accounting software. You can find all these things in only some of the accounting software like tally accounting software, Peachtree accounting software. We would suggest you go for tally software as it is the best accounting software. 

Tally UAE serves clients all over the world with tally accounting software and tally add-on modules, so please do not hesitate to contact us if you have any software-related needs; we will be happy to help. Thank you a lot!

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Factors To Be Considered While Selecting Accounting Software

Accounting software not only helps you in your accounting functions but also helps you in all the major functions of your business and thus it is important to have accounting software in your business. However, today there are many accounting software out in the market due to the surge in digitalization but if we talk about UAE then tally is the most used accounting software in UAE. Choosing good accounting software is not easy that’s why in this blog, we will tell you the factors that you need to consider while selecting the accounting software.

most used accounting software in uae

Following are the factors that you need to consider while selecting accounting software:

  • On-the-go accounting software: On-the-go accounting software means software that can be used from anywhere at any time and from any device. Today all are becoming tech-savvy so you also need to see that the accounting software that you are selecting is tech-savvy or not. By using this type of software, your time will also save and your work can also be done from anywhere.
  • Easy-to-use: The accounting software that you select for your organization should be easy-to-use such that employees who know the basics of computers can use it. The reason why the accounting software should be easy-to-use is that – it can be used by the majority of the employees and all can work on them and your work gets done faster. 
  • Provide important reports: To make important business decisions, you’ll need a variety of financial reports. As a result, make sure you use accounting software that includes all of the required financial reports. In this matter, the tally is the best and most used accounting software in UAE. You can also make use of tally.erp 9 add-on modules for the benefit of your business.
  • Offers data security: Today data is the new oil, it is very much important to protect your data and thus you should buy accounting software that protects your data. In business also, you need to protect the data from some employees because you don’t need that your confidential data is shared by everyone so make sure that the software has the feature to protect the particular data from particular people.
  • Reconcile transactions: A company’s agreements with different stakeholders, such as banks, vendors, and consumers, must be reconciled. Reconciling your books with your bank statements is a crucial task as you can keep a match of your accounting records with the entries of the bank and make sure that is no mismatch or error in it. So, make sure that the accounting software reconciles your company’s bank account. 

So, these are some of the important factors that you need to consider while buying accounting software. So, when you are about to buy accounting software make sure you keep these factors into consideration.

Tally UAE provides tally accounting software and tally.erp 9 add-on modules to clients all over the world, so please do not hesitate to contact us if you have any software-related needs; we will be delighted to assist you. Thank you so much!

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Accounting Software Modules Can Help Your Business

Accounting software is now a basic necessity for most of the businesses, because manual accounting will take a lot of time and today there is not much time available to use on manual accounting and also manual accounting can result into many errors, and therefore businesses have turned to accounting software as their tasks get completed faster and also without any error. If we talk about accounting software then tally accounting software is the most used accounting software so let’s discuss about tally accounting software modules in this blog, and how these modules will help you in your business.

tally accounting software modules

Following are the modules of accounting software that can be helpful in your business:

  • Useful reports

If we talk about financial reports, then balance sheet and profit & loss statement are the two major financial statements or reports that are very much useful to businesses. The balance sheet shows the assets & liabilities of the business and Profit & loss statement reflect the incomes and expenses of your business. Accounting software should be able to generate these 2 important statements as well as many other reports that are useful for the business. 

  • Cash flow management

It is important for every business to monitor their cash flow, manually monitoring cash flow is very difficult and time-consuming process. A good accounting software is the one that is able to make cash flow statement of the company based on their transactions. Also, it should be able to predict your cash flow for the upcoming period of time. 

  • Billing

In the business when you make a sale, you need to give a bill or invoice to your customers. The bills that you prepare should be accurate and now gone are the days when you were preparing the bills manually, now everyone uses technology. Accounting software should be able to prepare invoices in bulk. You can use tally accounting software for that as tally server 9 price in UAE is very reasonable and it helps you in billing and all other functions. Thus, buy tally software for your business in UAE.

  • Credit management

Managing credit is very important for your business and thus accounting software should help you to manage your receivables and payables. It can assist you in defining credit limits and credit periods for each customer, as well as warn you when you accidentally exceed credit limits. It should also assist you in analyzing your credit patterns and making informed decisions about trustworthy clients, appropriate credit limits, and credit periods.

  • Banking

Banking is an important and integral function for every business and it includes managing the bank accounts, cheque books, reconciling the bank statements, etc. Accounting software should be able to reconcile your bank accounts with your books automatically, as well as generate records of transactions that were skipped. Another positive thing to look for is the ability to print checks for payments, which reduces the amount of time it takes to write the check and eliminates the possibility of mistakes.

In conclusion, we would like to say that using an accounting software is a great investment for your company and thus you should also use an accounting software in your business. You can make use of tally accounting software modules as it is the best accounting software. 

We at Tally UAE, provide tally accounting software and we provide best tally server 9 price in UAE to our clients all around the world, so feel free to Contact Us for any software related requirement, we will be really happy to help you. Thank you!

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Reasons Why You Need ERP Software In Your Company

ERP software is a tool that centralizes a company’s database of information and helps in the automation of the repetitive tasks and at large simplifies the business process. Investing in ERP software can help you to bring together all the activities under a single integrated application and you can also use customized ERP software that is suitable for your company. ERP software speeds up the response time to clients, increase the efficiency of the business and also help in the company’s overall success. In this blog, we will let you know the reasons why you need ERP software in your business.

accounting software in uae

Following are the reasons why you need ERP software in your business:

  • Standardization of processes: Many organizations have unmanaged systems and due to this various business processes will not be proper and can lead to problems in various activities of the company but when you have ERP software in your business then it will be very beneficial for you because ERP software binds together all the processes of the business with a unified interface and this makes access of data very easy with its centralized dashboard.
  • Better accounting and financial reporting: Keeping track of your financials is an important factor in determining the success of your organization. But manual data entry and reporting will not work as it will lessen your productivity, and thus for this purpose, you need ERP software as there will be no chances of error when you work with the software and it will keep track of all of your incoming and outgoing transactions. And, when we talk about the accounting software, then tally is the best accounting software and also cost of tally software is very reasonable therefore you should start using tally software in your business.
  • Faster response time: As you grow in the market, your service delivery could act as a major thing and thus you need to deliver fast response, fast delivery, fast projects, etc. And, when you have ERP software then you can organize all the activities systematically and thus your work becomes fast and also your response time becomes faster.
  • Compliance with rules & regulations: Integrated ERP software can help you to ensure that all the operations are in sync with all the standards and rules. Also, ERP software will enhance your security features like regulated data access and inbuilt firewall systems. Thus, you will be complying with all the rules and standards and thus you will not face any legal problems in future. This is an important reason why you should have ERP software in your business.
  • Mobility & Flexibility: Through ERP software, data of various departments of an organization is streamlined into a unified platform. ERP software can be used from anywhere in the world, and on any device, thus you get mobility and flexibility with ERP software, you can start using tally software as the cost of tally software is very reasonable.

So, these are the reasons why you need ERP software in your business. We at Tally UAE, provide tally ERP software in and also customized ERP software according to the need of the organization to our clients all around the world, so feel free to Contact Us for any software related requirement, we will be really happy to help you. Thank you!

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5 Things To Keep In Mind While Selecting Accounting Software UAE For Your Business

In the 21st century, everything is being advanced and digitalization is on the boom and many businesses are taking advantage as per their need, and one area where technology is getting very much advanced nowadays is in the field of accounting. Accounting software is very important for business and even for accounting consultancies as it automates the work and makes sure that the work is done on time and that too error-free. There are also free accounting software uae that can help you in your business

As we said, there are also free accounting software that can help you in your business, and also there are many software that are available at a very reasonable price and offer a lot of benefits in comparison to any other software. However, it is not easy to select accounting software for your business as there are many accounting software out there and so, in this blog, we will tell you 5 things that you should keep in your mind while selecting accounting software. 

accounting software uae

Following are the 5 things that you need to keep in mind while selecting accounting software for your business:

  • Multi-currency transactions: Today there are many businesses that offer specialized services to the foreign clients as well and thus you will need accounting software that offers multi-currency support to you. Because by the use of that software, you will be able to do transactions in the currency of your customer’s choice and your base currency, or any other currency as per your need. 
  • On the go accounting software: In today’s world, businesses and their owners have become much tech-savvy and they want their software to be accessed from anywhere and at any time, and thus this is one important thing that you need to take care about while selecting the accounting software.
  • Reconcile transactions: It is necessary for a business to reconcile its transactions with its various stakeholders like banks, suppliers, and customers. Reconciling your books with bank statements is a very important activity. You can use tally accounting software as it has these features and also it is the best accounting software UAE.
  • Scalability and data security: While selecting the accounting software you should select the software that can accommodate the increased volume of your transactions. Also, in the organization, you have to give access of the software to the other employees so the software should be able to provide data security and give the options of sharing what type of data, to which type of user.
  • Financial reporting: In the business, you need to have various financial reports to make important decisions. So, make sure you select accounting software that provides you with all the important financial reports. In this matter, the tally is the best accounting software UAE. So, you can buy tally accounting software and start using in your organization.

So, these are the 5 important things that you need to keep in the mind while selecting accounting software for your organization, there are many accounting software out there including free accounting software but tally is the best accounting software for business.

We at Tally UAE, provide tally accounting software in and also customized ERP software according to the need of the organization to our clients all around the world, so feel free to Contact Us for any software related requirement, we will be really happy to help you. Thank you!

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Factors To Be Considered While Selecting A Payroll Software

Payroll is a very important thing for businesses and payroll processing becomes easy with the payroll accounting software but selecting payroll software is not an easy thing as there are many software available out there but only a few of them match your requirements and provide you the important features. So, there are very few software that provides you all the important features that can help you in fulfilling your payroll requirements so you need to consider some important factors and in this blog, we will let you know those important factors that you should consider while selecting a payroll software.

payroll software

Following are the factors that you need to consider while buying or selecting payroll software:

  • Proper payroll processing: The main reason why you are buying the software is payroll so it should properly process the payroll. You should check whether the payroll software has features like – applications of leave, timekeeping, overtime pay rates, etc. 
  • Direct bank disbursement: If you are buying payroll software then an important feature that it should have is direct bank disbursement of money because in companies whether small or big the main function of HR or owner is to disburse the monthly salaries to the bank accounts of the employees. By this, the time of the company will be saved and the company does not have to worry about manually transferring money because the software will automatically do it on its own. 
  • Tax calculation and filing: Payroll software should have the features of filing the taxes and the risk of miscalculation becomes very low in software. Also, there will be no tax lapse if the tax is filed through the software. There are many smart software out there like smart tally software that will help you in filing appropriate taxes. Thus, this is an important factor that you need to consider while buying payroll software. 
  • Accounting integration: Integration of accounting is important with the payroll software. Some companies sell accounting software and payroll software differently but there are also many software that have both the features in a single software so why not buy software that offers both accounting and payroll features. When you buy software like tally prime which offers important features of accounting as well as payroll then it would be a great help to your accounting team as well as to the HR team as your work will be very efficient, also it will be very helpful to small companies who do not have accounting team or HR team because the software will handle all their accounting and HR tasks. 
  • Employee self-service: When you buy software or technology then the aim of that is to ease the processes and when you buy payroll software then you should check whether the software can ease your work or not because when you buy good software then you can give partial access to your employees so that they can so certain duties by themselves and your work gets reduced to a great extent. 

So, these are the factors that you should consider while buying payroll software and if you still don’t have payroll software then we strongly suggest you buy one for your company because it offers you accounting features as well as HR features so it is a very good investment. 

We, Tally UAE, are providing smart tally software in Dubai, which is very useful for payroll accounting services and many other important functions of the business.

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Payroll Management Software

Payroll is an important thing for employees as well as the company because the company that perfectly and timely manages the payroll, then that company is considered very good and earns much reputation. Payroll is the total amount of wages to be paid to the employees by the company. It is a very complicated process but is very much important because it keeps your employees motivated and employees stay productive. You need to efficiently manage the payroll services and software like tally helps you very much to manage the payroll system of the company. 

Previously payroll was only done manually and thus the companies used to hire people for managing the payroll but now the technology has advanced a lot and thus now you can find many softwares that handles payroll for the company and thus reduces the cost and the most reputed and useful software for payroll management is the Tally software. With the help of tally, you can effectively manage the payroll and can reduce your costs. In this blog, we will also tell you some of the important features of tally that helps very much in payroll management.

Payroll Management Features in Tally

  • Payroll accounting and salary processing: With the help of tally you can manage employee payroll in a smart way. In tally prime software, you will find many predefined processes that enable error-free automation of the payroll process. Also, you can view and manage the processes in an easy way. 
  • Multiple employees grouping: In tally prime, you can classify employees on the basis of various different parameters like – job function, department, location, the position of the employee, etc. You can also define salary structure at the employee group level, with this you can apply the same salary structure for the same type of jobs or departments. So, you can get many options to design your salary structure. 
  • Flexible attendance/production types: Attendance is used to calculate the employee pay and track their presence and productivity at work. With the help of tally prime software, you can create multiple attendance types and leave types like – sick leaves, casual leaves, annual leaves, paid leaves, etc. Thus, you can create a flexible attendance type and multiple leaves types as per your companies rules and regulations. So, tally helps you very much in managing the payroll system.
  • Statutory compliances: Tally prime provides you important statutory reports like provident fund, employee state insurances (ESI), professional tax, gratuity, income tax, etc. These all are some of the important laws regarding payroll and every company has to consider all these things while calculating the payroll of employees. Thus, tally provides you these important reports also.
  • In conclusion, we would like to say that in this world of technology and automation, you should also move to modern ways to do your and your office work and the same thing goes with the payroll, with the help of tally, you can easily calculate payroll of all your employees in an effective way, so start using tally software in your company for payroll management.

We at Tally UAE are providing Tally software in Dubai, which is very useful for payroll services and other accounting and related functions of the business.

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Features Of Tally Software Services

Tally Software Service (TSS) is a software subscription that gives you many advantages by providing the latest updates that are helpful for the business. With the help of Tally Software Service, you get continuous improvements in the product, from remote connectivity to banking services which helps in enhancing the performance of your business. There are many more features and advantages of Tally Software Service and thus in this blog, we will discuss about the important and useful features of Tally Software Service (TSS).

tally software services

Following are some of the most useful features of Tally Software Service (TSS):

  • Online business reports: With the help of Tally Software, you can get the freedom of viewing important business reports on any device and that also from anywhere. So, if you are using mobile, laptop, pc, tablet, or any other device, you don’t have to worry because you can see your business reports such as stock summary report, sales/purchase register, etc. on any device, and can also download these reports and share these reports with your stakeholders or management and can take important decisions with the help of these reports. Thus, tally is considered best accounting software in UAE.
  • Regular product updates: In the modern world, everything is updating very fast and your business too is evolving and there are continuous developments in people you deal with, work with, and even the rules & regulations that you have to comply with so for that you need a software or product that is also updating time-to-time and here comes the role of Tally Software Service because with the help of Tally Software Service (TSS) you get continuous updates that are helpful to cater the needs of changing business requirements in the modern world.
  • Online data synchronization: Today, there are many companies that work from multiple locations and for those business entities the data consolidation becomes a difficult task. Here, you get the online data synchronization feature/capability that is useful to synchronize the data among various offices, branches, factories, storage facilities, etc.
  • Remote access: By using TSS, you can access your data from anywhere at any time which is convenient for you, and can view all your reports, edit vouchers, and can perform many important tasks. It also supports multiple user activities and creates separate entries.
  • Banking & payment services: By the use of Tally Software Service (TSS) one can easily manage the banking needs. In TSS you get the updates that are useful to support the cheque formats and auto bank reconciliation.

In conclusion, we would like to say that Tally Software Service (TSS) adds great value to your business with the help of its powerful features. So, you should definitely purchase vat accounting software UAE i.e. Tally Software Service (TSS) or take the service of Tally Software Service for your business as it is a great investment for your business.

We at Tally UAE are providing Tally Software Service (TSS) in Dubai, we are giving one-click VAT ready solution for all business solution where it is simple to deal with Customized ERP Software for Businesses, cash flow, post-dated cheques, exceptional monitoring, and records required for the everyday company.

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