For any business and shop in United Arab Emirates, a valid and legal vat report is a very important challenge to avoid VAT penalties of DED. in Dubai, any sales invoice will charges with 5% tax. but this tax is free for tourists and refundable in airport at departure time. so it is a must for tourists to keep their invoices to get back paid tax in airport.
VAT rules and laws in United Arab Emirates
Any business in United Arab Emirates and Dubai to prepare VAT return declaration, must follow rules of Federal Tax Authority in Dubai (FTA).
VAT Reports
To prepare vat return, it is needs to declare 5% of all invoices in a single form, but doing in by hands takes long times and possible with mistakes. by vat software it is better and in a fast time without mistakes. but we in iGreen team,use our accounting software because it is under our control and anytime, it needs a modules, we will design and programmed it into iGreen accounting software.
VAT (Value Added Tax) has been activated since 2018 in United Arab Emirates. before there was no tax on businesses but it is running now. regard to this new rule, all businesses and shops need a vat compliant accounting software for their accounts department. iGreen software has been updated with easy to use VAT option. so that you can adjust VAT in it and easily print invoices with VAT.
At the time of invoicing, you can enter amount of item, so iGreen will calculate amount of item price + vat or you can enter total amount of item + vat and iGreen will calculate price of item without VAT.. This is easy to save time
How to setup VAT in iGreen software
To active VAT option for invoicing and purchase entry, you should setup amount or tax percent per sales and your UAE TRN vat number in setting form as below instruction.
Adjusting VAT in iGreen software
You should get your TRN number from TAX department in Dubai economic organization.
Note: At this time (2020), VAT percent in All cities of United Arab Emirates is 5% .
After save setting of VAT, you can issue sales invoices with VAT. iGreen will calculate 5% of sales amount as VAT and it will be added to total amount of sales invoice.
VAT compliant accounting software
Based on the example above, you can rely on iGreen to manage your accounts as a hassle-free VAT compliant accounting software.
Example of invoicing with VAT in Dubai
As you see, we highlighted VAT in this sale invoice. price of item is only 150 AED and 5% VAT is 7.5 AED so that total amount of this invoice is: 157.5 AED
Print VAT Invoice
And here is printed version of this invoice in A4 paper size. also you can select other page size as A5, and receipt size (7cm) to print VAT report.
when you print this invoice, you can export it to EXCEL, PDF and MS Word also easy by one click.
This below file is PDF file of above example, please click on it and download it.
Some of businesses in Dubai, and other cities in United Arab Emirates need special window applications for their account and sales departments.
It can include special formulas of profit calculation or warehouse counting or everything else that you could not find it in current existing software in the software shops in Dubai. but don’t worry, you can order it as you want to us.
Custom modules
We will analyse it and after designing it in graphics and data processing , then we add it to iGreen accounting software as new section specially for your company
Dubai city has a high volume of flights, with over 400 per day from its airports. For businesses with the title “Travel Agency”, it is mandatory to have an accounting software with travel agency modules to manage financial transactions and cash flow effectively. This includes a special version of the application to enter vouchers for tickets, tours, hotel reservations, and visas. iGreen accounting is an excellent option for travel agencies in Dubai, Abu Dhabi, Sharjah, RAK, or Jebel Ali to record tickets, travel tours, and issuance of UAE visas and other countries. The software includes a “Ticket Voucher Entry” form that makes it easy to record passenger information and ticket receipts. Once saved, the general journal of the voucher is automatically generated by the iGreen software.
TICKET FORM
Billing Software for Travel Agency
In order to generate and produce a bill for various types of vouchers offered by a travel agency, including the sale of tickets, hotel reservations, and visa provision, we suggest utilizing a sales invoice form that incorporates service items arranged in rows within the invoice. This method allows for efficient and accurate tracking of the services provided to the customer, while also providing a clear breakdown of the costs associated with each service. By utilizing this approach, travel agencies can streamline their billing process, reduce errors, and enhance customer satisfaction.
Invoice for travel agency
In the realm of travel agencies, the issuance of vouchers is of utmost importance. These vouchers come in various types, with the three most common being Visa, Hotel, and Flight tickets. However, some travel agencies offer additional services such as special tours, VIP packages, transfer services, and more. Our research has shown that iGreen, a prominent travel agency, provides forms for visa vouchers, ticket issuance, and hotel reservations. It is imperative for travel agencies to offer such services to ensure a seamless travel experience for their clients. Through our analysis, we have found that iGreen’s provision of these services is a testament to their commitment to customer satisfaction.
Tickets and Tours in Invoices
In this site, we present iGreen software as a potential solution for travel agency management. One of the key features of iGreen accounting is the ability to add both products and services in sales invoices. This eliminates the need for separate invoices for items and services, resulting in more accurate data entry and saving time. With iGreen software, travel agencies can streamline their invoicing process and improve their overall efficiency. The incorporation of both products and services in sales invoices is a significant advantage for travel agencies, and we believe that iGreen software can provide a valuable solution for their accounting needs.
Bookkeeping for Travel Agency
Here, we discuss the benefits of using iGreen software for bookkeeping and voucher entry. With iGreen software, there is no need for double entry in both the general journal and manual bookkeeping. This is because the software automatically posts a double entry of the bookkeeping voucher with the standard format of accounting. This saves time and reduces the risk of errors in the bookkeeping process. Additionally, the software is designed to handle various voucher entries such as selling tickets and hotel reservations, ensuring that all transactions are accurately recorded. Overall, iGreen software is a valuable tool for businesses looking to streamline their bookkeeping process and improve their financial management.
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