Fraxinus Books understands the demands of all different users,UAE VAT ready software for Billing & Accounting which is capable of fulfilling the requirements of users. In Fraxinus VAT Software you can convert your bill into any format you need as well as send the bills through email and SMS which will save your plenty of time. Fraxinus Books Software is application software that records and processes business accounting transactions within functional modules such as Financial Accounting , Inventory Management (Multi-location), Production / Bill of Material, Sales / Purchase Quotations, Sales / Purchase Order Processing, User-configurable Documents / Letters, User-configurable Columns in Reports.The best part of the software is its reporting and dashboard. There are 500+ types of reports which will help in comparing your sales and purchase, profit and loss through which you can think of the betterment of the sales.
The Value added Tax, commonly called VAT in business parlance, is the most common type of consumption tax levied on goods and services. From 1st January 2018, VAT will become an integral part of businesses in the UAE, as already announced by the UAE Ministry of Finance. While offering limited exceptions to some categories including basic food items, health care and education, Value Added Tax will be
Our experienced taxation team with exposure to different tax regimes in the Middle East, Sub Continent and Europe is capable of advising and assisting businesses in the region to improve their systems and processes.
Evaluate & Plan
Business Impact Assessment – Mapping of existing systems and identifying key VAT touch points.
Review of key documents like existing contracts and incorporation of VAT clauses in the existing and new contracts and related documents.
Training sessions to create an organization-wide awareness and preparedness on the effect of VAT implementation
Design Develop & Train
Advise, develop and assist in restucturing transactions, supply chain and other related processes
Advise and support for requisite changes in the IT systems and applications.
Train and equip the key personnel.
Implementaion & Compliance
Assist in VAT registrations and in the preparation and filing of VAT returns.
Handhold during the initial phase.
Align compliance practices with VAT requisites.
Our Bookkeeping Services are focused at reducing the finance and accounting costs of our clients by helping them with their management, accounting and tax preparation needs. FRAXINUS personalized and professional online bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to choose what they require. We function just as customers’ virtual back office for all their bookkeeping and accounting work right from set-up, support, maintenance and consultancy with accounting.
We provide following business solutions to help your business in accounting and bookkeeping.
Reconciliation of Ledgers
Recording of Accruals
Bookkeeping for accounts receivable
Bookkeeping of accounts payable
Maintenance of sales Ledger
Maintenance of purchase ledger
Maintenance of Cash book
Credit Card Reconciliation
Maintenance of fixed asset register