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The major objective which FTA wants to force through the Tax accounting software requirements is that the automation of all tax based everyday jobs of a taxpayer such as keeping track of records Oscar Klefbom Oilers Jersey , payments, file VAT returns, generating FAF (Audit File) etc.
Once the accounting software is accredited by FTA, it is definite to simplify the VAT compliance for businesses.
The following are some of the key benefits of FTA Accredited Tax Accounting Software.
1. Generating VAT compliant tax invoice, Debit note and Credit note
2. Regular generation of VAT return form (VAT 201) with zero or minimum efforts
3. Auto-generation of FAF (Audit File) in the structure prescribed by the FTA with zero-efforts
4. With the inbuilt capabilities to prevent, detect and system-assisted correction Kailer Yamamoto Oilers Jersey , you can be rest assured, VAT returns and audit file generated will be complete and error-free.
5. On-Time filing of VAT returns since the VAT returns and audit file can be generated effortlessly
6. Saves you from paying hefty penalties starting from AED 1000 to AED 50,000 which will be applicable for non-adherence for various compliance requirements
7. Maintaining books and all other VAT records for a period of 5 years or 10 years as applicable.
8. With the automation of all tax based responsibilities, it helps in reducing the compliance cost for businesses
9. While all the VAT reports are always ready (automated), it creates a platform which makes it easier for you as well as FTA to co-operate in areas such as audits.
10. With all these benefits, it gives the business owner鈥檚 peace of mind and allows you to invest more time concentrating towards your business growth rather than get stuck in the compliance grid.
FTA Accredited Tax Accounting Software included software which helps the businesses in managing their business needs such as managing books of accounts Alex Chiasson Oilers Jersey , Accounts payable, Accounts receivable, Billing, Financial reporting, Order management, inventory management etc. and at the same time Cam Talbot Oilers Jersey , helps you to be 100% VAT compliant.
For FTA Accredited Accounting Software鈥檚 Contact
Perfonec Computers

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