Accounting Software Training

Training On Different Accounting Software

All accounting systems differ in their operational functions based on the type of businesses. Since two systems will never have the same functions, the accountants who are new to the system require accounting systems training. 

Accounting software is a computer program that allows you to manage the financial transactions of your business smoothly and accurately. Simple accounting software is important for tracking the success of your business. It allows users to store all the information that gives a clear picture of the business financial health. Getting training on accounting software in Dubai will help you use the software judiciously without committing any kinds of errors. 

Accounting Software Usage Training

Accountants may not have practical experience with a particular accounting system. Manual systems follow basic accounting rules, but computer accounting systems involve complex rules that require training for the person who is using the system to enter the data. BOOKBLISS offers training on accounting software in the following fields: –

• System Overview Training

The overview teaches your accountants the basics of the system and the way it interfaces with individual accounting modules and the general ledger, which holds the summarized data of your company’s accounts.

• Module Training

Every module in an accounting system functions differently and needs distinct training. Module training involves training the individuals who handle separate functions in accounting. Basic module operations include payroll, accounts receivable, accounts payable and general ledger activities, whereas an effective module trains how to enter payroll, calculate taxes and generate accounts receivable invoices. 

• Nonfinancial User Training

Many managers want to know specific accounting data. Sporadic nonfinancial user training keeps the professionals update with the steps involved in obtaining the information they need from your accounting information system.

• Report Training

After receiving the system overview and module training, your operator must know how to make reports. Report training instructs them on how to make the reports they need. 

The reports are used to double-check their work, review payable and invoice due dates, calculate quarterly payroll tax payments, determine cash flow and outstanding invoices, and to generate monthly, quarterly and yearly reports like balance sheets, income statements, owner’s equity, etc.

Importance of Accounting Software in VAT

After the implementation of VAT in January 2018, companies in UAE, are trying to be compliant with the law to keep their accounting and financial systems up-to-date. If they fail to do so, they are liable to pay penalties, under Section 25 of Federal Law No.7. The Government has clearly declared that a business owner is solely responsible to follow all VAT requirements.

Understandable, affordable and intelligent accounting software that fulfils all your business accounting needs liberates you from the stress of VAT issues, helps you discover newer and better opportunities to improve your revenue.

Whether you are a big or a small company, you can easily choose a cloud-based accounting software to make your accounting more organized and fully VAT equipped.

Accounting software helps companies to use the resources efficiently in their accounting departments and reduce costly bookkeeping mistakes.

To be a VAT compliant in UAE, you must update yourself with the following details:

• Companies require to configure necessary changes to their financial management processes.

• Book-keeping software and accounting staff must be up-to-date to fulfil all the requirements by the law so that FTA can have a better understanding of the business activities and can review the transactions.

• All tax registered companies must file VAT returns on a regular basis.

• Important records like invoices, credit notes, debit notes, etc. are to be maintained properly.

Things need to consider before selecting accounting software in Dubai

As a business owner, one must consider the following things before selecting accounting software:

• Multi-user Access

Check if the software allows other users to control the data they can see and the tasks they can access.

• Multi-Business Support

Check if your accounting software supports multiple small businesses under one account at no additional cost, if you own more than one business, to avoid paying extra.

• Cloud-Based Software and Mobile Access

Check if your accounting software is cloud-based and supporting mobile apps so that you can access your account anytime, anywhere from any computer helping you run your business remotely.

• Feature-based software

Check if your accounting software offers multi-features and tools to help you manage your business’s needs, to accomplish your routine accounting tasks and help you see how your business is performing. The multi-features may include: –

• Basic Accounting Features

Check if the accounting software offers basic functions like invoicing income and expense tracking, financial report generation, and customer management, tracking your inventory, manage vendors and assist you with purchase orders, and supporting your services if you are a service provider.

• Time-saving Automation

Check if your software can automatically send recurring invoices and past-due notifications to save your time on your invoicing and accounts receivable tasks or reconciling your accounts by suggesting transaction matches.

• Tax Preparation

Check if your accounting software can help you with features like automatic tax calculations, multiple tax rates and tax reporting.

• Add-on Services

Check if your accounting software has the add-on features that help payment processing and payroll services that make it easy to accept invoice payments online and to pay the employees.

Advantages of an Advanced Software

• User Friendly

• Increases Financial Performance

• Increases efficiency

• Swiftness in Completion

• Reduced Costs

• Accuracy in Reports

• Easy Tax Filing Process

• Easy to Handle

• Safe and secure

Why BOOKBLISS for Accounting Software Training?

• BOOKBLISS is not a software developer, we act as a mediator between supplier and client.

• Our responsibility is to advise the best software as per the requirements of clients and the best-suited one according to the operation of the client.

• We provide training to the Accounting and operation team for the efficient use of the software.

• We train your team for the Preparation of Chart of Accounts in new accounting software.

• We train them for the Migration of Data from old software to the new one.

• We train them for the Preparation of Financial Reports as per the Monthly reporting of Management.

BOOKBLISS has a team of accounting software consultant as well as a software trainer in Dubai to offer a wide range of accounting services. Being one of the leading accounting firms in Dubai, BOOKBLISS offers a wide range of services including accounting, auditing, software consultancy, and management. We have the experienced auditors and accountants who offer quality-driven services to our clients.

In addition to Accounting Software Training Services, BOOKBLISS efficiently handles CFO Services, Auditing Services, Accounting & Bookkeeping Services, Accounting Software services in Dubai, Due Diligence Services, and Tax Filing  time according to the convenience of our good clients. 

Needing training on accounting software? Feel free to contact us. Our experts will give you one-hour Free Consultation to drive away your reservations!