Our team is currently developing a personal and free version of iGreen accounting software specifically for home use in the United Arab Emirates. This software is designed to assist individuals in keeping track of their personal records and finances. While it is crucial to keep records of personal finances in Dubai, registering for an accounting software for personal use may not be the best option. Opting for a free accounting software for home use is recommended.
The free version of iGreen accounting software includes types of vouchers such as:
Cash payment for expenses
Cash receipt for incomes
Expense vouchers
Accounts of debtors and creditors
However, it is important to note that this version does not include commercial vouchers such as invoices, purchases, trading vouchers, and general journal entries.
Free version of iGreen Accounting doesn’t includes commercial vouchers
The focus of free version of iGreen software is on personal financial transactions and includes reports of profits and loss.
Our goal is to make the free version of iGreen accounting software an easy-to-use software that includes time tracking of cash flow.
In countries as United Arab Emirates cities like Dubai, Abu Dhabi, or Sharjah, or other GCC countries, trading in multi currencies is a normal methods of market. Also you can see many exchange currencies company in the cities. so that, billing system with multi currencies feature is the most wanted software in GCC. By iGreen accounting software, It is very easy to issue an invoice in Euro currency and re-print in US Dollar currency. It is other top feature and unique tools in iGreen accounting software
In home screen of iGreen software, in bottom of screen, you can see selected currency as base currency of iGreen and exchange rate between it and Euro vs US Dollar
For example, as you see in this photo, select base currency is AED (United Arab Emirates Dirham) and its rate opposite EURO and USD
Bottom of iGreen accounting software
What is Base Currency in iGreen
By default, All vouchers and transaction will be issue in select currency as base currency. so when you select your desired currency as base, you don’t need to change currency in voucher entry or billing time
For example in below photo, you can see invoice entry form that show AED as base currency for this invoice
Base currency in invoice entry
How to Select Base Currency in iGreen software
In top corner of iGreen accounting software, you will see some combo box as below photo:
Top corner of iGreen accounting software
By click on Home currency combo box, you can select and change base currency in iGreen software.
Currency adjustment form in iGreen accounting software
There are six institutions of professionally qualified accountants currently operating in the UK. All jealously guard their independence and the many attempts to merge over the past few years have all failed.
Chartered Professional Accountants
institute of Chartered Accountants in England and Wales (ICAEW)
Generally auditing, financial accounting, management consultancy, insolvency and tax advice. However, many work in industry.
institute of Chartered Accountants in Ireland ( lCAl)
Similar to ICAEW.
institute of Chartered Accountants of Scotland (ICAS)
Similar to ICAEW.
Association of Chartered Certified Accountants (ACCA)
Auditing, financial accounting, insolvency, management consultancy, and tax advice. Many train or work in industry.
Chartered institute of Management Accountants (CIMA)
Management accounting
Chartered institute of Public Finance and Accounting (CIPFA)
Accounting within the public sector and privatized industries.
ACCA: The ACCA’s members are not so easy to pigeonhole as the other professionally qualified accountants. They work both in public practice as auditors and as financial accountants. They also have an enormous number of overseas students. Many certified accountants train for their qualification in industry and never work in public practice.
CIMA: This is an important body whose members generally train and work in industry. They are found in almost every industry, ranging, for example, from coal mining to computing. They mainly perform the management accounting function. CIPFA: This institute is smaller than the ICAEW, ACCA or CIMA. It is also much more specialized with its members typically working in the public sector or the newly privatized industries, such as Railtrack. CIPFA members perform a wide range of financial activities within these organisations, such as budgeting in local government.
Second-Tier Bodies
The main second-tier body in the UK is the Association of Accounting Technicians. This body was set up by the major professional accountancy bodies, Accounting technicians help professional accountants, often doing the more routine bookkeeping and costing activities. Many accounting technicians go on to qualify as professional accountants. The different accountancy bodies, therefore, all perform different functions. Some work in companies, some in professional accountancy practices, some in the public sector.
Lay Priest
The accountant working for a company
Mendicant Priest
The professional accountant in a partnership
Monastic Priest
The banker, who, while not strictly an accountant, serves much the same ends in a separate and semi-isolated unit
Father Confessor
The auditing accountant to whom everything is (officially) revealed, and who then grants absolution.
Limitations of Accounting
Accounting, therefore, measures business transactions in numerical terms. It thus provides useful information for managers and other users of accounts. It is, however. important to appreciate certain limitations of accounting.
Accounting tends to measure the cost of past expenditures rather than the current value of assets.
Traditional accounting does not capture non-financial aspects of business. Thus, if an industry pollutes the air or the water, this is not recorded in the conventional accounts. Nor does traditional accounting measure the human resources of a business or its knowledge and skills base. The accounts can’ thus’ only give a partial picture of a business’s activities.
All types of businesses, without exception, need to keep accurate and readily accessible records of their financial transactions. Many organizations other than businesses also need to do it, and some individuals too. As a child, I had a neighbor who died at the age of 75 leaving records that accounted for every penny of his income and expenditure since his 21 st birthday.
Surprisingly he was a charming, generous man and in no way a miser. Perhaps you too have a personal bookkeeping system to record your financial affairs, though I would not recommend taking it to these extreme lengths. The benefits to a business of dependable financial records are probably self-evident.
They include:
The law requires all companies and many other organizations to prepare accounts that conform to certain criteria. This can only be done if the basic, supporting financial records are in place.
The tax authorities require it. If you do not believe me, try telling Her Majesty’s Revenue and Customs that you cannot do a VAT return because you have not kept proper records.
It is necessary to manage the bank account, cash and borrowing. Otherwise, cheques might bounce or unproductive surpluses build up.
Intelligently used, the records should warn of impending financial difficulties or even insolvency.
Intelligently used, the records should provide the basis for efficiency savings and profitable business decisions.
Without proper bookkeeping the owners would not know the worth of the business.
It is, in many instances, essential to comply with money laundering regulations.
We have a plan to develop iGreen as universal software for all types of businesses in GCC and the United Arab Emirates. regard to our office in Dubai, it is easy to support iGreen’s users in Dubai in person and other users by remote access and online tools.
New Modules in iGreen software
Next modules will be added in iGreen software as below:
Rent Cars
Restaurants with Tablet or IPAD
Fast foods
Repair and cars garages
Currencies Exchanges
Hotels
Hostels
Currently, we are working on Hotel Management modules as Guess reservation, Guess Check-In and Check-out, Report of booking, Report of profits, Report of hotel expenses, Report of Guests in hotel
Hotels are one of the most important businesses in GCC countries and specially in Dubai city of U.A.E. regard to more supports to our users and able them to use iGreen accounting software more. we are working hard to add hotel management forms to iGreen as soon as possible.
Forms of Hotel Management
Forms of Hotel Management
There are many types of forms that is need for hotel management but the most important are:
Rooms coding
Passengers list
Check-in and check-out entry
report of current passengers in hotel
Report of un-paid passengers in hotel
Report of profit
We will updates blog when the first version will be ready
Every PC or notebook maybe get damaged or lost data due to hard disk problem or operating system problems. So that it is very important to keep valuable data in safe status. Accounting and financial data are one the most important data in computer systems of any organization or trading companies. However, regular backup from these types of data is must.
Every time you enter in and exit from iGreen accounting software , it creates automatically a backup from the latest data in your selected folder in Windows. But also you can create backup anytime on any path desired by you .
How to select folder for Auto-backup in iGreen
Please click on “Setting icon” in main screen
You will see setting form as below, then click on “Backup” in upper tab on this form:
Now, you can here, click on [Browse and Select path] to select your desired folder,
then click on [Save] and close setting form, from now, every time exit from iGreen accounting software, a backup from data will be created on this path.
Very important: select path to create backup file on external storage devices as Flash memory or external hard drive because on your PC hard disk automatically a backup will be created. So that, every time the storage system of your computer get damaged then you have also backups in external storage device and safe.
How to recover lost data in iGreen
If you got any problem in your PC and could not open iGreen accounting software, that is not a matter for worry about. you can recover your accounting data in iGreen with ease as below steps.
Steps of recovering data
First of all make sure you have external backup of iGreen then , format and re install windows. After that install anti virus and then iGreen accounting software. Then run iGreen accounting software and from top main menu click on “file” / “Restore data“ In Restore form click on “Browse” and select the latest backup file of iGreen accounting software. Now you can see information of selected backup file then click on “Restore Data now” to finish and restore data.
Note: when you Restore data on a company file, it will delete all current data and replace data of backup file It will not add data of backup file to current data !!.
Security of backup file by iGreen accounting
All backup files that created by iGreen accounting software are protected by a password to protect it from Restoring in other software and misuses
After many years of experiences and design of smart electronic devices with all types of micro controllers as Atmel, Microchip, STM8, STM32, NXP and Infineon, we designed and built a new plc to use it for quick support of our customers in industrial area and environments.
iGreen’s PLC specifications
Microcontroller Speed: 168MHz
Outputs: 18 Digital with PWM, and PNP + 3 Relays
Inputs: 28 Digital ( 21 input of high and low + 7 ADC )
Board of iGreen PLC for industrial automation, ECU and TCU
Usages of iGreen PLC
You can use iGreen’s plc to control any electronic system to read all types of sensors and make very high quality outputs to solenoid valves, switches up to 40A currents, turn on and off lamps, control speed of motors. Input sensors could have 0-10 volts, 4-20ma or PNP and NPN wires.
In any software, protection data from losses and un-wanted deletion is important and in business software as accounting software it has the most importance. one of the best way to keep data safe is regular backup as daily or weekly regard to business owner decision. so that, we designed a good user-friendly data backup system in iGreen accounting software. user of iGreen can easily backup or restore data by only one click.
How to Backup Data
To create a backup from accounting data in iGreen software, in top menu of software, please click on [FILE / Backup data].
Backup menu in iGreen accounting software
then you will see a form as below:
Backup form in iGreen accounting software
As you see in this form, you only should select path in your computer to create file of backup. for example here we select drive E:
Backup form in iGreen accounting software after select a path
then, you see name of backup file selected automatically by iGreen regard to active company and time of backup.
Report of sale profit / loss is one the most requested report by every business management. It helps manager to compare profit vs expenses to manage business. By check this report, any director manager could protect his business from un-wanted insolvency.
Profit Report by iGreen Accounting
To get this type of report, in Dashboard (home screen) of iGreen, you see a button as below:
In Advanced dashboard, click on [INVOICE PROFITS]
After click on this button, form of invoice profits will be show as below:
in this form, you can click on magnifier icon and see details of invoice in footer section of this form. also you can have look of gragh on selected date and compare to find the most profit day in table of days.
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