Category: VAT

  • Original documents archives in iGreen accounting

    Keeping scan of documents and original receipts beside invoices and vouchers is very important. for example when you buy an item from a personal seller, you need to keep a copy of its passport or when you enter an exported sales invoice, you need to keep its export and shipping documents. in iGreen software, you can add imagers and scanned photo for any voucher separately and easily with a smart search modules.

    Note: if you have iGreen software, version of 2.7 or older, please update it to version 2.8 or up.

    How to add images to invoices

    Please click on [ Invoice ] button in home screen and then click on [List of invoices], then you will see a icon as film icon in all rows of invoices list

    Media management for invoices in iGreen
    Media management for invoices in iGreen

    for any invoice, that you want add scanned images of documents, click on this film icon, then you will see a form as below:

    Add images to invoices in iGreen
    Add images to invoices in iGreen

    1- Click on [ Add new image to voucher ID:x ]   (X is number of current sales invoice, in this example is 2)

    2- after select image, type a title for it and Description if need

    3- click on [ Add Image ] under description textbox to add it to list of documents for invoice ID: 2

    Note: You can add any quantity of images and real scanned photo that you want and no limited

    Below photo is an example of added image to invoice ID: 2

    Example of add images to invoices in iGreen

    To remove mages from any invoice or voucher, you can click on Red icon to right side of list

    Benefits of keeping original documents

    Always, maybe officers or administrators of vat department will ask you about original receipt and purchase documents for items that you sold or you have in stocks or sometimes, vat staff will ask about shipping documents and export receipt for exported invoices and this feature of iGreen will help you keep your original documents always with quick search and access.

  • Adjusting VAT number

    VAT number (or TRN number in UAE) is important to be printed in receipts, invoices and bills. as tax authority departments will fines you if there is no tax number on header of your prints.

    You can put your Tax number (TRN number) in iGreen accounting software in on click only. please watch below video to see how to do it.

    Note: Tax percent in UAE is 5% but in other countries maybe is different. please pat attention to this matter.

  • iGreen, A Vat Compliant Accounting Software in UAE

    iGreen, A Vat Compliant Accounting Software in UAE

    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.

    VAT setup in iGreen accounting software
    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

    Invoice with VAT option for Dubai shops

    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.

    Print invoice with vat for shop in Dubai

    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.

    Exported Print invoice with VAT in PDF format

  • FTA Audit File

    FTA audit file is very important in any accounting software to send tax value to UAE tax portal automatically. If you have a business in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah and Al Ain, so that you can send your business’s tax declare by iGreen accounting software to online tax portal of United Arab Emirates very easy.

    We are working to active FTA audit file export in excel format ( XLX ) in iGreen accounting software very soon.

    It will be ready in middle of -November of 2018.

  • VAT Report of Sales

    VAT Report of Sales

    iGreen accounting is 100% compliant with UAE VAT rules. It prints your TRN number (Your Tax Number in United Arab Emirates) for economic department of Dubai. VAT in UAE is 5% of sales gross amount. In setting form inside iGreen software, you should enter and save VAT number, and then it appears in prints of invoices automatically.

    in iGreen accounting you can print report of sales VAT  very very easy. this report is very clear and easy to understand. This report will be calculated and prepared regard to TAX percent that you adjusted in setting as example of below image:

    Tax setting in iGreen accounting

    How to access VAT report

    in home screen of iGreen accounting, in right corner you will see a button like:

    button of VAT report in iGreen accounting

    Please click on it and then form of VAT report will be shown, as below:

    Form of VAT report in iGreen accounting for Dubai business

    As you see in this report, all sales invoices has been shown and in the last column Tax amount of sales amount has been calculated regard to VAT percent of setting.

    You can also select date ranges of invoices from date to date by selecting date from upper date combo button in top of form.

    for example we selected from 01 OCT to 24 OCT as below:

    VAT report of selected ranges of date

     

    Result will be as below:

    VAT report of selected ranges of date