Accounting Software in UAE
About Accounting Software
Accounting software is an application software which is designed to record and processes accounting transactions in functional modules. They comprise of different modules which deal with particular areas of accounting, two of the main modules are core modules and non-core modules. The core module comprises of receivable account, payable account, general ledger, billing database, inventory database, purchase order, sales order and bookkeeping. In the core module of the accounting software, the system registers the money received, maintains the purchase details in the general ledger and registers the invoice in the billing database. The non-core module of the accounting software comprises of the debt collection, electronic payment, expense monitor, payroll monitor, reports, time sheets, purchase requisition, reconciliation and drill downs.
There are seven types of accounting software which are personal accounting software, low-end market application, mid-market software application, high-end market software solution, horizontal market software solution, hybrid software solution and SaaS accounting software. Personal accounting software systems are tailored to suit home users. They help you conduct minor accounting applications such as payable transactions, managing budgets and simple account reconciliation. The low-end market application is an inexpensive application software which allows small businesses to perform accounting operations. They can also be used to conduct minor auditing operations. The mid-market software application is used by growing businesses and industries as they are designed to perform complex calculations and advanced accounting operations. They comprise of an industry standard robust database, industry standard reporting tool and also a tool for configuring the application. Some popular locations to find vendors who distribute accounting software in UAE are Sheikh Zayed road, Hamdan Street, Deira, Bur Dubai, Silicon Oasis, Jumeirah, Al Quoz Industrial area, Al Aweer, Electra Street, Musaffah, Airport Road, Industrial Area 13 Sharjah, Rolla Street and SAIF zone.