SRG Motorsports

Introduction

SRG Motorsports is one stop Off-Road Service and Sales center in UAE. Started in 2013, with a vision to give valued customers a professional workshop for Off-Road Services and to be the leading supplier of race winning motorcycles. SRG Motorsports takes pride in being the stockists of leading brands such as FOX,Twinair, DRC products, Metzeler, just1, Acerbis, Progrip and Renthal.Their range of riding apparel is imported from Austria, Holland, Germany, USA, Japan, Italy and Spain. They export all products to all over GCC.

Major Concerns of SRG Motorsports when using Ors Accounting Software

• The Accounting Software Ors lags on user-friendliness for those not trained or accustomed to the software it was a very hard task to perform.
• Maintaining and accessing accounting information in Ors was very difficult.SRG Motors found it hard to access and understand accounting information or reports or data generated by Ors.
• As SRG Motorsports export goods to GCC,Ors was not to the mark updated with GCC agreement details.
• Ors presently doesn’t offer any iOS or Android App and is thus accessible only through a PC running Ors
• Using or extracting information from Ors was a challenge for those not trained or experienced on the software.
• Need a lot of outside works. not easy to export data to another program or import data from another program.
• No On site training and customer care by company. Add ons are very difficult to understand in software. Support for add on facility like auto signature , is out sourced and the details are not updated in the system.
• There is no web version only desktop version available,in case you don’t have access to your computer then the work cannot be completed. Cloud services not available in Ors this being one of the major drawbacks data is not cloud synced so if you lose your computer or if the hard disk crashes, your data is lost.
• Access or operate business from anywhere is not possible as it is not cloud computed.
• No multiple connectivity of branches at the same time on same platform.
• Some advance features missing like auto bank statement download, regular auto posting , mobile or Tablet not supported.
• Remote Working is slow takes time to understand the complete system No Maker – Checker system
• User Interface is complicated, user guide is not so easy to understand ,error messages does not specify or give suggestions to rectify it.
• Migrationof existing data to the new ERP systems is difficult (or impossible) to achieve.  Integrating ERP systems with other stand-alone software systems is equally difficult (if possible). These activities may consume a lot of time, money & resources, if attempted
• Invoicing: As invoices should be prepared as per set of rules prescribed by FTA, SRG motors were failing to abide by with Ors.
• Accounting: Getting all the data collated for business purposes was a difficult task.

It was then SRG Motorsports Dubai decided to switch over to Reach Accountant Online VAT Accounting Software.

Reach Accountant Online VAT Accounting Software and SRG Motorsports Dubai

Why Choose Reach Accountant Online VAT Accounting Software: SRG Motorsports –Testimonial

• Affordable, no monthly fees, no contract, no commitment, buy once and use it forever
• Works On Cloud
• 100% Secure and encrypted database files, with ability to add user level security
• All-In-One Financing, wholesale, retail, out-of-state, basic accounting, with repair shop apps
• Dependable and reliable with proven records
• Easy to use & friendly, support multi users mode (client-server technology) with basic network configuration you can get access to your inventory from anywhere in the world.
• Developed with experience and long-term vision for small, mid and large dealers

Reach Online VAT Accounting Software   includes products that assist in the operations of automobile retailers. These products can assist with both front and back office tasks, and  provide tools for inventory; cost calculation, financing, and authorization (e.g. credit reports, accident history, etc.).Reach Software  also offers features for preparing and storing warranty information, sales contracts, tracking auto repairs, appraisals, and recurring e-payments.

Reach VAT Software has all the features which will easily sync into your business for smooth functioning of business operations.

Review of SRG Motorsports on Reach Accountant Online Accounting VAT Software.

1. User Friendly

Reach Online accounting software is generally easy to learn and use in day-to-day business operations. Once it is set up, you can keep your accounts up to date with a few regular data entries – information from bank statements and invoices can be automatically uploaded and processed into the correct categories. This means that you and your employees don’t have to worry about advanced accounting details – you can do what you need efficiently with a few clicks.

2. Security

Since online accounting software stores data online, some business owners might be worried about security. However, security is a top priority for online business software companies. In addition, the online connection makes it easy to invoice clients, link up with bank information, and assess your business’ financial health wherever you are.

3. Cash Flow

Effectively managing  cash flow thus helping  business save money. Online accounting software makes it simple to determine incentives for employees and discounts for creditors or customers. In addition, the manager or business owner can view profits and losses in a comprehensible way.

4. Invoicing

One of the most important aspects of any business is invoicing, because it brings revenue to the company. Creating invoices with online accounting software saves time and prevents losses caused by human error. You can even send invoices directly to clients through email to save paper and stamps.

5. Accuracy

For all types of business computations, accuracy is essential. Mistakes made in calculations can possibly lead to significant losses or other issues. Online accounting software keeps you from making these mistakes.

6. Cost

One of the greatest benefits of online accounting software is the cost savings. For small businesses running on tight budgets, hiring an accountant can be expensive. Even running software on an in-house server can end up costing a lot with all the upgrades and system tools. When a business buys online accounting software, it only has to worry about paying for the software and training employees to use it. And since many online software companies run on subscriptions, you’ll only have a small fee each month instead of a large one-time purchase.

7. Productivity

Paperwork can be tedious and tiring, causing employees to get distracted and become less productive. Online accounting software is much more efficient than filling out paperwork because half the work is already done. This helps employees be much more productive than they were before.

8. Opportunities

Many types of online accounting software help businesses track trends, losses and profits far better than they could in the past. This may help the business discover new opportunities to improve revenue.

9.Inter Connectivity of Branches: As online accounting software are cloud based company branches have the option of being inter connected with one common real time data of the business such as current stock held, any transaction details which needs to be shared among all the branches instantly any many other details for the growth of the business.

10.Improve marketing: Reach Software can help business broaden their customer base and increase vehicle sales volume. Software streamlines marketing tasks such as managing campaigns for the sales   on social media, which can be monitored through a user-friendly dashboard and analytical tools

11.Accelerate your CRM: Reach software helps you manage customers through multiple communication channels like phone, email, text messaging, and social media to log customer queries and resolve complaints related to vehicle repair and sale of vehicles. Reach software can help your sales rep manage leads by maintaining and tracking communications channels with prospective customers.

12.Simplify backend and frontend: Reach Software helps you manage work orders, inventory, sales reports, and other back and front-end data that would require you to input data manually. With Reach software, you can maintain customer database that makes entering details of the customer based on their license ID for future communications simpler. The software also sends automatic reminders to customers when their vehicle service is due through SMS text messages.

13.Inventory Control: Keeping track of vehicle inventory can be streamlined with Reach software as it provides a listing of the vehicles on your website. All you have to do it update your inventory whenever you receive from original equipment manufacturers (OEMs) or customers. Lastly, software notifies your service centers when you are running short on spare parts

14.Online Customer Support: Reach has provided facility of 24/7 365 days customer help desk. Therefore ensuring customer business runs smoothly without any technical problems.

Therefore all the hitches in the business were overcome after installation and use of Reach Accountant Online VAT Accounting Software

SRG Motorsports-Testimonial Video

Other top Features of the Reach Online VAT Accounting Software enjoyed by SRG Motorsports

Digital Agreements: Create Agreements on the Tab and get it signed digitally from your customer. Save agreements on the Cloud and  helps the customer with super fast documentation.

• Inventory Management: Easily Manage Your Inventory With Help of Reach Online VAT Accounting Software :
  • Update vehicle inventory records for sold and trade-in vehicle.
  • Record trade-in unit on stock card or add vehicle to inventory system.
  • Record cost of sold unit on stock card or in inventory systems.
  • Add needed reconditioning estimates to stock card or inventory system as applicable.

Probably the most important aspect for the  vehicle dealer is good inventory  control. Know your market — Analyze your sales trends and compare them to vehicles in your inventory. The unit sells well in your market; and Your sales people can sell the unit profitably after reconditioning costs. Reach online Accounting Software enables to keep a track on the process till final sale is done.

• Online Sales : Increase online sales and generate more leads via the internet with Reach web based software. Reach has developed a low cost solution for vehicle dealers. It has many of the great features and has the capability to import and export from just about any medium. In addition to importing and exporting from vehicles portals the dealer has the option to manually add motorbike via the ecommerce website which is easily integrated to Reach Online VAT Accounting Software . The online software also comes with a premium image uploader. Dealers can also choose to export their data to other online portals.
• 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 thesame 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.

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.

• 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.

·         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.

• * VAT Reports etc.
• Calculate VAT automatically.
• VAT support in Sales, Purchase, Sales and Purchase returns, Journal entries.
• Generate Federal Tax Authority compatible tax reports.
• VAT Paid (charged by suppliers) and Vat Collection (Charged to customers) Analysis.
• Transaction wise details of VAT paid and VAT collected.
• Attach every Vendors/Customers VAT number and other details.
• VAT supported for Goods (stocked) and Service (non-stocked) items.
• Online application accounting.
• VAT Account Reconciliation, VAT Collection & VAT Paid analysis report.
• Report export to excel and other standard formats.
• VAT returns statement compatible with Federal Tax Authority standards.

Online accounting VAT software enables you to file vat returns, manage accounts and other business operations from any geographical area be it at the comfort of the house.

• Receipt: Receipts can either be manually entered or imported it in excel format easily.
• Payments: Payments can either be manually entered or imported it in excel format easily.
• Multi Company: Manage business through comfort of the smart phone.
• Tally Import: Tally files can be easily imported to Reach Software of various periods and manage business easily.
• Auditor’s Report: Full Financial Report are available,Read process by Auditor,Tax Reports,VAT Report with e-filing options,PF & ESI Reports,Tax Consulting Modules are some featuress mentioned.
• 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. 

• 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.

• Calculation Of Profit Per Motorbike: Calculate the cost of every vehicle sold and profits made real time.Helps you quote the right prices and reduces losses.

• Outsourced Accounting: The software enables to finish the outsourced accounts in less than 30 minutes.

• Real Time Accounting: Allows client to record sales and purchases online, while finalizing accounts that is checking the Audit trail, providing MIS reports, checking Tax reports, printing financial reports and filing taxes

• Accounting for the VAT margin scheme: Our range of accounting templates are designed to ease the whole process of record-keeping, invoice generation & VAT return preparation for used vehicle traders. They have been designed with the FTA requirements and are certain to save you time and prevent  financial losses.

Conclusion

Reach is the ultimate destination to use software which suits 21 different business with end to end process. You can use Reach instead of using multiple software for different functions or trying to create a customized software. Reach software are VAT complaint which simplifies business. We at SRG Motorsports suggest Reach Software for seamless and successful business, as Reach Software is always at the service of their customers who are valued the most. Reach helps you grow to the heights where sky is the limit.