The 10 best accounting programs in the United Arab Emirates
There are hundreds of accounting and business management software programs. Choosing the perfect package for a particular business can be very confusing for a business owner or manager. If you have booked accounting services with an accounting firm, they will provide you with a suitable Best Accounting Software In Dubai and you will not have to invest in software.
However, if you have your own accounting software, the choice of software becomes crucial. Some packages are best suited to all industries, sizes, and types of business, while others are more focused on a specific industry. Almost all available software can handle basic accounting functions effectively – after all, computer programs were invented to perform calculations. The real differences between software packages lie in the user interface, additional features, and special functions.
There is no rational way to evaluate accounting software without narrowing the field in some way. No accounting or business management software is ideal for all users. For the list to be valid, it must specify the type of company or user for which the list is intended. This list is aimed at medium-sized businesses ($5 million to $250 million) and software called ERP (Enterprise Resource Planning).
The software is loosely classified based on popularity and brand awareness. Well-known names are at the top of the list, while lesser-known brands are further down the list. Just because it’s a well-known brand doesn’t mean it’s appropriate for a particular user’s needs, and a lesser-known brand may be the best choice.
1- ACCOUNTING SOFTWARE QUICKBOOKS:
Intuit QuickBooks is one of the most well-known names in the world of accounting software. QuickBooks Enterprise ERP is widely considered to be one of the best business management software in the market. It has a QuickBooks user interface that is easy to learn and intuitive to use. Almost all professional accounting firms either use QuickBooks as part of their own accounting software or they are familiar with the file format and allow QuickBooks users to send QuickBooks data directly to their accounting services.
There are several custom solutions that are pre-configured to meet the needs of specific industries. QuickBooks Enterprise is best suited for mid-sized businesses up to about $250 million. Larger companies can benefit from a more professionally focused offering. Fully trained accounting professionals may find the interface a bit desolate, as professional accounting terms and tasks remain hidden from them. A subscription-based solution with hosting is available to access data anywhere, anytime.
2 – SAP ERP:
SAP ERP is a leading business management solution from the well-known and widely used software giant SAP. The company has 50,000 customers, supports 37 languages and offers 45 localizations. It offers business solutions for product planning, human resource management, central financial functions and many other specific functions. The recent release of SAP S4 Hana has significantly improved the user experience.
3 – ODOO OPEN SOURCE ERP AND CRM:
Are you tired of hounding your teams to do things for your company that the ERP system can do on its own? Do you have dozens of different software applications that can do their jobs, but don’t communicate with each other, so you have to multiply your efforts to provide them all with information separately? Questions like these have become commonplace for our customers, and companies are craving automated solutions in the form of an ERP system where 100% of the processes are synchronised with each other.
With our experience with the world’s most famous ERP Odoo, we will customize it to your company’s requirements so much that we guarantee you will save 50% of the working hours your employees spend using unsynchronized software and applications. There is no doubt that Odoo is now used by 7 million users worldwide to grow their businesses exponentially.
4 – ZOHO – REVOLUTIONARY FTA ACCREDITED SOFTWARE
ZOHO stands out and is recognised for its versatility and ability to connect hundreds of everyday applications used by millions of people. Cloud storage is seamless, whether you’re using Box, Dropbox, Google Drive or anything else you can name. Mobile versions run on iOS, Android and even Windows Phone, so you never lose touch with your work. You can manage sales, orders, invoices, payments, banking, and keep in touch with estimates, projects and workflows.
One of the most important aspects nowadays is the integration of VAT; if you want to avoid costly fines, you need to be able to keep track of VAT (as new laws have just come into force). ZOHO is one of the few accounting packages officially approved by the Federal Tax Authority of the United Arab Emirates. All in all, it is an excellent choice for consumers.
5 – SAGE ERP:
Sage ERP X3 is marketed as an alternative to traditional ERP solutions. It simplifies the complex structure of most ERP software with a cloud-based on-demand service that can be used with any browser. The user interface is not as simple as QuickBooks but offers more advanced features for the experienced or professional user. There is a version that users can install on their own infrastructure and fully customize it to their company’s individual requirements. Sage X3 is scalable and ready to grow as your business grows. It is recommended for medium-sized businesses.
6 – TALLY ERP 9:
Tally ERP 9 is available in several variants – each configured for a specific purpose, business type or user. All variants are based on the features of Tally.ERP9 and add specific functions or features for the desired business user. Tally.ERP9 is marketed as the “Complete Business Management Solution” and has almost one million users worldwide. It offers a comprehensive set of business management features, including support for auditing, tax accounting, multi-site, and even multi-company support. It also includes powerful connectivity so you can keep multiple records up-to-date in multiple locations.
7 – XERO
Xero has defined classic accounting for the new modern cloud-based accounting so brilliantly that millions of businesses have switched to Xero. Not only does it save accountants time, it also has an App Store that allows you to connect hundreds of popular apps to your Xero accounting and transform your traditional bookkeeping into modern, cutting-edge accounting. Apps can be connected to a wide range of functions such as sales, CRM, HR management, e-commerce, inventory, etc.
Push Digits Global is a certified Xero partner and will help you with Xero implementation, training and accounting using our extensive Xero experience. Make the choice today and replace your old-fashioned bookkeeping with digital cloud accounting, it’s a decision you won’t regret.
8 – MICROSOFT DYNAMICS AX:
Microsoft Dynamics AX leverages the renowned Microsoft brand to deliver a scalable, easy-to-use business management solution for midsize and large enterprises. Microsoft’s scale and software design expertise provide a user-friendly package with a large support network.
9 – INTACCT:
Intacct is a package of financial management software as a service (SaaS). As a web-based solution, it is quite inexpensive and requires very minimal installation. Fast-growing companies use Intacct because it is quick and easy to scale up as the business grows from small to medium size. It supports 2,400 users, 650 devices, and 250,000 transactions per day. Intacct is fast approaching market leader status.
10 – OTHER:
Epicor ERP and Epicor Cloud: Epicor is another software company focused on fast-growing businesses. Epicor has two ERP solutions, Epicor ERP and Epicor Cloud ERP. Epicor markets itself as a “visionary ERP solution”. Epicor ERP is used by 5,000 customers in more than 80 countries, making the software proven to be easy to use, hardware-friendly, scalable, and fast.
Epicor Cloud ERP is specifically targeted at small and medium-sized businesses. As a cloud-based solution, it can be deployed quickly and does not require heavy hardware. The cloud application includes everything a business needs to manage operations, orders, and resources in a single ERP solution. It’s already used by hundreds of companies and is becoming increasingly common.
What Important Features Of Broker Advisors Are Necessary To Earn Trust
What Important Features Of Broker Advisors Are Necessary To Earn Trust
Many healthcare practitioners are not very serious about securing financial support through disability insurance. It underlines the need for a disability insurance awareness month to highlight the significance of planning some protection in the event of a debilitating illness or event.
Being clear about the role of broker advisor
The primary role of an insurance broker advisor is to explain the vital benefits of disability insurance plans to the healthcare practitioners, as these professionals are not aware of the critical consequences of missing the monthly payments. Some employers cannot understand the long-term repercussions and purchase a cheaper plan for necessary protection.
Research shows that 46% of professionals working in a marketing agency in California appear to lose their ability to work because of an ailment or accident. The physical and mental strain can easily lead to chronic health issues that can be detrimental to their work.
We should consider the disability concerns of individual healthcare practitioners while recommending insurance plans. Most of the time, group disability plans may not offer proper coverage to the individual practitioner in the event of a disability.
Insurance broker advisors should therefore offer the right disability insurance to protect the personal needs of the physicians. There is no point in promoting disability products that are cheap only to secure a quick business. The strategy may not be appropriate for the client and the broker advisor. One must explain the implications of settling for a cheaper disability policy and convince the client about the range of benefits for a slightly higher premium.
Consideration for top earners
Most people working in companies offering SEO in Farmingdale, NY earn considerably higher wages that surpass the limits of traditional disability insurance plans. The top limit disability insurance is a go-to option for these professionals. These policies can secure the high earning capacity in the event of any disability.
The essential feature of top limit coverage plans is studying all income sources of individual healthcare professionals. It can help top earners secure their income level despite any disability.
Skills of a broker advisor
Broker advisors should be easily accessible to their clients. Communication is the foundation of any relationship. You will gain the confidence of your clients if you satisfy their queries. Pointless to mention, you must act fast to address their grievances.
Carefully listening to the client’s concerns is a necessary skill of any broker agent advisor. You can only understand the exact requirements of your client by understanding every minute detail. Patiently listening to the client can help the advisor gain the confidence of the client.
The broker advisor’s approach should be to design a solution that addresses the needs and disability concerns of the client. You will earn the trust and confidence of customers if you are explaining the pitfalls of the policies and recommending the right products.
An in-depth review of your client’s financial strategy and offering suitable disability income insurance should be a priority of any broker agent advisor.
Guide To Disability Income Insurance
Getting into dentistry is quite expensive in the United States and can cost close to $300,000 in student loans. Therefore, you begin your career as a dentist with a sizable debt and hope to pay it back with interest through hard work. Unfortunately, life is full of uncertainties and you never know when you could face disruption in your career that can unsettle your normal life. This can come in the form of a disability that prevents you from doing your work. As a dentist with such a huge debt to repay, if you don’t work, how will you earn to live and repay your debt? Relax; you can go for disability insurance to cover such a risk.
Disability is real; don’t overlook the risk
As a young dentist, you can be excused for being exuberant enough to say that dentists don’t suffer disability because there is no risk of accidents or collisions at the place of work. Even if you set aside accidents or collisions at your workplace, can you overlook chances of contacting a freak infection from a patient you’ve treated?
If the infection results in a medical condition with a long recovery time of say, a couple of years, how are you going to deal with that situation? As for accidents or collisions, nobody is immune from a mishap in the world we live in. If the risk is such that it prevents you from working for a long time, then investing in a doctors disability insurance is a smart idea any day.
Young people must cover against disability
The ‘young and restless’ are particularly prone to suffer disabilities mainly because of the kind of lives they lead. Studies have shown that one in every four youngsters in their 20s is likely to suffer some kind of disability. People working in a marketing agency in Georgia are no exception to this unfortunate reality.
However, it is not just the young dentists who need to cover against the risk of disability but dentists of all ages. If you realize the significance of a physician disability insurance early in your career then you need to worry less about the cost of such coverage as you grow older. As with all other insurance policies, there are benefits for long time customers.
Get optimum benefit from your policy
The fine print in insurance policies is what you need to watch out for when making the investment. When you choose disability insurance make sure to choose ‘own occupation’ like if you do SEO in Yonkers, NY, you should search for the best disability insurance for SEO workers rather than ‘any occupation’. It could end up depriving you of the benefits for which you made the investment.
The reason for doing so is to ensure that in the event of disability, the provider doesn’t categorize your disability to be mild enough for you to do other types of work. In that case, your claim for benefits could be rejected. As a dentist, you want coverage against disability in discharging your duties as a dentist.
To get the optimum policy for coverage against disability, your own research is important but you also need guidance from a reliable disability insurance broker. Speak to friends and relatives if they know any broker who can be trusted to advise you on the best policy to opt for.
Small and Mid-Sized Businesses are increasingly Accessing Direct Funding￼
Ever since the Great Recession of 2008, traditional lenders such as banks and other financial institutions have heightened their risk perception for small and mid-sized businesses. It is almost as if these businesses are solely to blame for the crisis, which was mainly due to the faulty lending and recovery practices of the major lenders. As a result, the source of credit for the small and mid-sized businesses dried up to a point that it began to negatively impact the growth of these businesses. That was when direct lending companies stepped in to fill the gap although they have been around for quite some time. These lenders came with the clear objective of solving the borrowers’ problems and work around them.
Easy access to unsecured funds
Most small and mid-sized businesses have funding requirements that are proportionate to their size. It’s not that a business with revenues of $1 million would seek $10 million of business funding. The companies providing such direct modes of credit are as professional as any other financial institution and they will reject such applications.
The quantum of funding that the small and mid-sized businesses seek is small enough to be covered by unsecured funds. The direct lenders do not ask for collateral on fixed assets to secure the debt. They assess the risk of lending to a borrower on a different set of parameters.
The borrower’s credit history doesn’t count
Another major hurdle that small and mid-sized businesses face when seeking business capital loans from major lenders is approvals based on past credit history. Most of these borrowers don’t have a picture-perfect credit history and hence their applications get rejected.
However, when they apply to direct lenders for small US business funding, on most occasions their credit history is not taken into account while approving the loans. That is because these lenders mainly consider the viability and profitability of the borrower’s business and whether it is good enough to repay the loan with interest on time.
Capital expenditure funding
Small and mid-sized businesses generally grow quite steadily but some of them are eager to grow faster than others. Many of these companies go on to become huge corporations and there is no shortage of examples in this regard. Unfortunately, the traditional lenders in their obsession to be risk-averse refuse to see even this history of growth in which they had played a significant part.
Going by the business climate and the risk perceptions about small and mid-sized businesses among traditional lenders, they won’t get any funding from such sources. However, they will get direct funding for their growth and expansion-related capital expenditure. Depending on the quantum of the loan, it may or may not be unsecured.
Small and mid-sized businesses account for over 44% of all economic activity and 40% of the GDP of the United States worth over $6 trillion. Denying credit to them on the pretext of higher risk perception and overlooking a market of this size is not a wise idea and there would always be other players to fill the gap. Small and mid-sized businesses now are increasingly getting their funding from direct funding companies and before long it would become their primary source of credit. Business funding
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