ERP Software

Running a business is an ardent task. Streamlining of business processes ensures that the business is run in a smooth and efficient manner. An Accounting Software is a must to automate all those time consuming and harder tasks. They will be able to perform their duties in an easier manner. A user-friendly Accounting Software will be capable of offering the required accounting aid to its users. The tedious tasks such as data analysis, managing inventory stocks and goods, generating invoices and sending reminders for due payments and bank reconciliation will become quite challenging with the advent of VAT. Your Accountants will not have any other choices other than pondering over the spreadsheets and fidgeting with it to match your bank records with the business transactions. We ran a campaign on LinkedIn and many users pointed out the disadvantages of using Spreadsheets. Mr Jeevanandham Gandhi pointed out that the spreadsheets are hard to manage and data security as the main drawb...

The Kingdom of Bahrain (Bahrain) has enforced its Value Added Tax (VAT) Law under the Royal Decree No. (48) of 2018. The VAT will be implemented on 1 January 2019. There are many differences in Bahrain’s VAT Law in aspects of key areas corresponding legislation introduced in Saudi Arabia and the United Arab Emirates (UAE) in that provides for more broader zero-rates as well as exemptions, with a unique view to balance a variety of socio-economic objectives. Let us have a look at the background  As of November 2016, the Gulf Cooperation Council (GCC) Member States has executed the Common VAT Agreement of the number of States belonging to the GCC (GCC VAT Agreement), which outlines the framework that Member States are required follow while implementing their domestic VAT rules. Saudi Arabia along with the UAE implemented their VAT laws as of 1 January 2018. Bahrain has also released the VAT Law dated 9 October 2018 on their Official Gazette website. The Royal Decree h...