Best Online VAT Software for Workshops and Servicing Business

What is VAT?

Value Added Tax is one of the methods of taxation, where tax is levied at every stage of production till the final good is sold to the customer. Unlike sales tax,where the end consumer pays the tax,VAT ensures taxation is divided among all the mediators in the production process. The amount of VAT the user pays is on the cost of the product, less the tax that has already been paid during the production cycle. This form of taxation (VAT) ensures there is no double taxation of the same product or services. Best Online VAT Software for Workshops and Servicing Business.

  VAT in UAE

• UAE VAT will be effected from 1 st January 2018
• UAE VAT rate will be 5%
• UAE VAT will cover all products and services
• VAT is applicable to goods and services imported from abroad.

• The website available for registration tax.gov.ae
• Business should consider the Input and Output Tax, Zero Rated Tax and exempted transactions

• Returns to be filed at period of every three months.
• Group registration can be done for the companies subjected to the conditions
• Record keeping is mandatory for at least 5 years
• Taxpayers must file VAT within 28 days from the end of the tax period
• Penalties will be imposed for non-compliance.

Impact Of VAT

UAE government has publically announced implementation of VAT from 1^st January 2018.Thisconcrete step has been taken due to the fall in oil prices as UAE government generated its major revenues from oil business.

With the introduction of new taxation system all the companies, Audit  firms ,tax consultants, software companies and governmental departments are getting prepared for new  form of tax regime in the country.

With the implementation of VAT in UAE market is booming with numerous accounting software attracting companies to subscribe their accounting product. There can be promotional offers with regards to price and other features of the software. Companies   should carefully and meticulously decide the appropriate software suiting their business operations, and should also pave way for the growth of the business.

How can I make my business VAT Compliant?

• Start maintaining your financial records in orderly manner;
• Businesses will now need to develop more efficient processes;
• Cost cutting on all fronts that you feel are unnecessary;
• Restructure your business to incorporate new talent who are able to multi task;
• Incorporate a robust accounting system that has VAT module;
• Get professional help for right ways to implement systems;
• Hire professional CA firms who could do the groundwork or leg work for your business for implementation;
• Assess capability of existing systems;
• Identify VAT implementation strategy;
• Identify contracts that need a VAT action;
• Identify inter-company transactions;
• Undertake training / awareness.

• Using appropriate software meeting all the business requirements post implementation of VAT

New Improvisation on Workshops and Garages

Motorists will soon be able to choose from the best auto workshops to have their vehicles repaired as the Emirates Standarisation and Metrology Authority (Esma) formulates a new system that will categorise and rate workshops according of their service standards and expertise.

Esma is working on regulations to govern the sector across the country that will set a minimum requirement in terms of skills of mechanics and service standards for a workshop to operate.

First  the level of the standards at the workshops are to be ascertained  whether they meet the minimum requirements. If they don’t, they we will be given a grace period to improve their service.

In the next stage, the workshops will be categorised according to the type of service they offer, such as AC repair, tyre service, bodywork, engine work, etc.

UAE aim is to categorise and classify all workshops across the country. ESMA will certify them,and  will examine and certify the mechanics who work at these workshops and then rate these units according to the skills possessed by the employees who work in the workshops and the equipment the workshops possess.

In an important step, all the information about the workshops will be present on a common portal and motorists will be able to access the information to look for the best workshops.

These workshops will be linked to auto insurance firms and in case of an accident motorists will be able to see where their vehicles are being repaired and what is the standard of service at a particular workshop.

The idea is to offer transparency to the consumers and fair play for all. Consumers should not be in the dark about the standard of the work their vehicles are undergoing, and they should be able to decide where they want the repair work to be done, which is not the case right now.

The regulations and the system will be ready by the end of this year, when they will be sent to the Cabinet for approval.

“Once approved, the system will be implemented in stages, so that the workshops have enough time meet our standards.

The Roads and Transport Authority (RTA) is also carrying out its own study on regulating the auto industry .

It is a massive industry and the work on hand is comprehensive.ESMA will be dealing with different types of workshops, right from a small shack which is carrying out tyre service to corporate style workshops with multiple facilities.

“It is important the maintenance or repair work that is being carried out is up to the highest standards because it has a direct impact on road safety, while also giving motorists the best value for their money, once the system is in place there won’t be an immediate shut down of workshops that don’t meet standards.If necessary, ESMA will help them attain the skills and standards required and then we will certify them accordingly. At the end of the day the idea is to let people know the level of standards available at the workshop where they are having their vehicle serviced.

What is an Online Accounting Software

Online Accounting Software refers to transactions performed over the Internet. The practice does not require you to install software in your computer or own a server. A cloud computing company that sells accounting services provides remote servers and the applications. For a fee, they grant you online access to them for managing and maintaining your financial records. 

Online accounting software enables both you and your accountant to look at the same information at the same time but from different locations. This improves your communication and saves time.

One of the principal advantages of online accounting software is that teams working together have instant access to real-time data. It’s ideal for multi branch operations.

Best Online VAT Software for workshops and Servicing Business

Reach Accountant Online VAT Accounting Software is well integrated to the above provisions making the workshop and service business more VAT compliant and abide by to the above standards to make the workshops and service centre eligible.

Online Accounting Software to automate your Business

Our Accounting Software comes with features like Business Dashboard, CRM, Inventory Management, Billing & Invoicing, Repair Management, Accounting & Tax Management, Mobile App and many more.

Online, workshop management system designed to simplify the running of your business. With Reach Accountant online VAT accounting software you can easily organize all your daily activities from   your internet browser. Reach can be used by Automobile Workshops and Mechanic Shops to manage their Job cards, Inventory, Invoicing and Accounting. Reach Accountant for a total workshop solution.

Improve the workflow of your sales data by connecting with Reach Accountant:

• No double handling of accounts related data between your front and back office.
• Parts are automatically added to Reach Accountant as items.
• Invoices made are VAT compliant and is customized to workshops pattern.
• Customers and workshops are well connected work status  are automatically updated and customer is kept informed about the progress of work.

Technology Used

Run and manage your  trade accounts in the cloud, Connect and collaborate online with cloud accounting. Reach has implemented the latest technology Cloud Computing to handle  day to day business transactions just  a click away from your browser from any part of the world.

Cloud Computing is a concept through which organizations can manage their data centres, processes and applications online via internet on the scheme of pay for use basis.

Advantages of Cloud Accounting Software:

– Nothing to install. Just signup and start entering your transactions
– You don’t have to worry about upgrades as all changes are pushed automatically. Online softwares are always up to date.
– Can be accessed from any internet enabled device at any point of time
– Cloud accounting software providers take care of backup and maintenance which is a cost saving for you.
– Data across all your offices is always synchronised.
– It can integrate with other cloud based applications.

Top Features of Reach Online VAT Accounting Software for workshops and Servicing Business

• Business Intelligence Dashboard:The software has a feature of providing you key statistics of the business at any given point of time.The dashboard displays work status, profit and loss, expenses graphically.It also features  best Selling Executive, Highest Selling product, Largest value customer for the month. Every night the client gets a SMS summing up the entire sales , expenses ,case production ,and stock value for the day.

• Order Management :Receive the sales order and convert them in to invoice once ready.

• Repair Management: Create Jobsheets and sms quotes to customers for approval. Manage both in-house and on-field repair staff. Pre-set the consumables needed for every repair and bring them automatically when you prepare the job sheets. Track the items which came in for repair.

• Point Of Sale: Touch and Keyboard billing system. One of the features is the software works even when net is also down.
• Sales: Provides with quotation, operational product, Sales invoice and sales returns ,Recurring invoices in one order and customer balance.

• Access: Multi-User operation with restriction menus, Auto Back up ,Accounting Period Auto change ,Any Location operation, Easy to handle ,No hard accounting process and buttons, Auto conversion to accounting formats

• Accounting Management: All functions relating to accounts are inbuilt with the software. You can manage your Accounting Ledgers, Bank & Cash Operations, Purchase & Sales Estimates, Warehouse Allocations, Expense Recording, Expense Grouping, Payments – Part or Full, Journal Entries, Income and loss a/c, Balance sheets, Receipts – Part or Full, Contra Entries, Financial Reports, Day book.

• Tax Management: Our accounting Software automatically calculates the taxes relevant for every bill created. The Software is designed as per the government norms for calculation of VAT. It also has the option to add any number of taxes relevant to the business. In case of change in tax percentages a change it in the software on your own. All you have to do is add your tax percentage and our software will calculate the taxes automatically. This multiple tax scheme can also be applied to multiple products on a single purchase.

• Income Management: The Company can create Quotations then the same can be converted as a Sales order or Pro-forma invoice or Invoice. From Invoice you can create Receipts as well. Accountants will be able to know what payments have been received and what are pending in the reports. You can also set reminders for receiving payments.

• Expense Management: You can create Purchase Orders then the same can be converted as bill or payments. You can also create Debit notes for purchase returns. Accountants will be able to know which purchase bills have been paid and which are pending in the reports. You can also set reminders for making payments.
• Invoicing: Generates VAT compliant invoice of the company in the specified design as requested by the client or can choose from the available templates in the software. It also converts quotes to invoice .One of the features is the software can convert the Foreign currency invoices to base currency and further calculating the VAT at UAE standard rate.

·         Print Tax Invoice In Arabic: Reach software lets you print invoices in Arabic, English or both, as per the mandated guidelines of GAZT and FTA.

• Auditor View: Full-fledged Financial reports, Tax reports VAT reports, read process by auditor, with e-filing options, PF & ESI Reports, Tax Consulting Modules are some to be named.
• Check Post for VAT returns: As the software has been designed exclusively to aid individuals and entities to be VAT compliant in UAE, the set of rules and regulation laid by FTA (Federal Tax Authority) of UAE are embedded in the software. Hence any process error will be popped up by the application can be viewed .For instance wrong Tax Registration Number, incorrect taxable figure, wrong taxation period.
• Automatic Update on Tax legal Sections: As the Reach software are cloud computed software gets upgraded to update any revised tax laws and section if any in future.
• Computation Of VAT Returns: The software is inbuilt with all the detailed crucial information  on tax computation Tax Assesee can  fetch all the details of all the taxable transactions It lists down transactions which are included and excluded in the VAT return  calculate input tax, reverse charge and output tax to avail claim if any

• Filing Of VAT Returns: The registered businesses in UAE are required to generate the VAT return File from their accounting software, login to the FTA’s e-tax portal and upload the return file. On the basis of the uploaded return file, the e-tax portal will validate the file and accordingly the details from the file will be auto-populated in the online return form. Reach VAT software is designed to ease the process of filing returns and comes under the purview of FTA prescribed set of rules and regulations.
• Mobile Application: Access business information through tabs and android smart phones, pick photos of expense vouchers and attach to expenses, daily profitability and other key reports can be viewed on phone.
• Bank Synchronization: Bank Statements can be imported in to Reach software through excel files.
• Security: There is complete security of data stored in the hard disk. Data can be accessed and control by creating access restriction. One time password facilities also ensures a check in the log in to the website.

• Run Business from anywhere: The business can be run access data from anywhere at your comfort. Just like checking mails from the laptop or systems.

• Free and Automatic Upgrades: At Reach Accountant you will be provided free services of upgrading the software frequently with new features and use it absolutely free.

• Business Automation: Business expansion by searching leads suitable for your business profile ,Leads  from mail server,Changing leads to appointments,converting quotations to invoices, Email-SMS update,Delivery status update,Work pending strategy.

• Operations and Process: Segregation of Product oriented and Service oriented jobs. Invoices that are custom made for business operations.

• Loyalty Operations :Assign points on sales and redeem points on raising request .

• Addons: E-stores, Google docs, Google calender , Project management tools, SMS gateways, Payment Gateways are few to name.

• Tally Import: Import excel files  from  tally to Reach software and manage accounts with smooth transitions.

• User Friendly: Softwares are designed is such a way that the user will find it easy to operate.

• No investment in expensive hardware: The software is browser based. It just requires internet connection which can be connected to multi computers without using LAN and servers.

• API: The client can integrate the existing software with Reach accounting application ,

• Automatic Data Backup: Reach stores all the data in servers offsite with regular backups. Hence business information is safe and secure

·         User Interface & Complexity:The software is designed to make its use friendly and easy,no cumbersome process to operate the application and software.

• Scalability:It is an VAT accounting software which can scale with your business needs. . Some software companies offer only one version of the product and some have progressive versions depending the business type or size. Reach Accounting software offers both integrated an entry level version as well as a feature rich version which you might not need for the current business processing but will definitely need in future for business development.

TOP 5  SOFTWARE

REACH SOFTWARE

As your business grows you will realize the need for more. A plain accounting and billing software will not suffice your requirement. Also ERP software would turn out to be expensive. Here at Reach, a best Software is provided that suits your business needs.

FEATURES

Loyalty Management

Tally Import

Addons

Access

Order Management

Manufacturing Management

Warehouse

Point of Sale

Lots and Barcode Management

Invoicing

Project Management

Accounting

Multi Branch

Purchases

Sales

Auditor View

Multi Company

Mobile Application

Business Automation

Operations and Process

MOIBOO SOFTWARE

Unlike a traditional Accounting software, Reach is accessible online like your gmail or facebook account. so, all your employees (Salesmen, mechanics, Stores and Accountants) can work using the software at the same time.Keep tabs on your business no matter where you are. With the Reach mobile app, you can know what is happening in your business across every branch and location every minute.

Business Automation – Leads from all sources,Leads extractions via mail server,Converting leads to appointments, Quotes, Converting quotes to Invoices,Email-SMS update,Delivery status update,Work pending strategy

For more Information : Online Workshop Software

DIFFERENTIAL FACTOR FROM OTHER SOFTWARES

Automobile Workshop Software

Whatsapp your Invoices to customers. Go Paperless

Car Dealer Software

Create Sales Agreements and Invoices on your Tab in less than a minute!

Car Rental Billing Software

With Auto-magic SMS Billing Reminders

Billing Software for Auto Accessories

Only Software with Part Number wise Stock Management   

AutoFluent Online Workshop Software                    

AutoFluent is an on-premise automotive repair shop management platform suitable for single and multi-store vendors handling parts sales, tire sales and auto servicing.It allows users to manage employees, customers, suppliers,inventory and sales. It is compatible with Windows operating systems.

AutoFluent’s sales management feature helps auto Repair shops manage contacts, work orders and

status reporting. It also provides barcode scanning for vehicle identification numbers (VIN) and inventory. Owners of multiple shops can manage, view and transfer inventory to other shops in order to maintain inventory levels between locations.

Shop-Ware Online Workshop Software

Shop-Ware is an auto shop management solution with features such as staff management, customer management, bookkeeping, parts management and workflow handling. The solution is designed to be used by multiple staff members.

Shop-Ware tracks open jobs and manages workflow by connecting employees and assigning individual responsibilities and priorities. Jobs can be transferred to other staff members and real-time notifications are sent to avoid any missed deadlines. The solution also provides time clock and messaging features to manage all employees within a workshop.

Shop Boss Pro Online Workshop Software

Shop Boss Pro is cloud-based auto repair shop solution that helps with vehicle workflow management. The solution enables automotive repair shops to create customer invoices and manage vehicle repair history. Key features include a customer portal, videos about repair and Digital Vehicle Inspection (DVI).

The DVI feature allows auto shops to send photos, videos and technician comments to vehicle owners. The solution also enables users to scan Vehicle Identification Numbers (VIN) through a barcode scanner and search customer information along with vehicle details.

AutoShop Online Workshop  Software

AutoShop is an on-premise auto shop management solution that serves small and midsize businesses in the automotive industry. It is suitable for automotive repair shops, custom car builders, heavy truck shops, equipment repair, tire shops and other shops.

Core features of AutoShop include work order management, customer and vehicle tracking, service history tracking, drag-and-drop scheduling and accounting. AutoShop offers inventory management, invoicing, profit analysis, management reports, advanced search, reminders and credit card processing.