






- Simplified VAT Compliance with Tally.ERP 9 Release 6.3
- Why it is time to start computerizing your business?
- How to use Tally.ERP 9 Release 6.3 in 4 steps
- Get ready to file VAT Return with your Tally.ERP 9 in GCC
- Manage all types of VAT invoices
- Tally.ERP 9 – Your Software to File VAT Return Correctly
- Manage VAT Transactions involving Multiple Currencies with Tally.ERP 9
- Manage RCM in UAE VAT with Tally.ERP 9
- Freelancer's guide to VAT
- 4 tips to manage accounts receivables efficiently
- Cash is King - 4 Tips to Manage Cash flow
- 5 Reports to Manage Inventory Efficiently
- Key Business Reports to Manage Your Finance Better
- A Guide to Setup a Branch Office In Dubai
- Here’s a checklist to register a company in Dubai
- 5 questions you must ask your CPA firm before hiring them
- A Guide to obtain an Import/Export License in Dubai
- Here’s how Dubai's incubators have been aiding start-ups for growth and expansion
- How Expo 2020 will impact the economy of UAE
- Advantages of Renting an Office Space in Dubai
- Checklist to register for Trademark in the UAE
- Introduction to VAT in UAE
- VAT Software
- Introduction to Tax system
- Frequently Used Terms in Indirect Tax System
- How VAT System Works
- VAT in UAE
- VAT FAQs on implementing VAT in your business
- VAT Registration
- VAT Registration in UAE
- Who should register under VAT
- Apply for VAT registration in UAE
- VAT registration Deadlines in UAE
- VAT Registration Threshold Calculation in UAE
- VAT Group Registration
- Tax Registration Number (TRN)
- How to check TRN validity in UAE
- How to link Tax Registration Number (TRN) with Dubai Customs
- How to register as a Tax Agent under UAE VAT
- How to register as Tax Agency
- How to de-register under VAT in UAE
- How to de-register or amend a Tax Group under VAT in UAE
- Online Amendment or Change in Registration Details in UAE VAT
- Amendment of details which are blocked for Online Modification
- Input Tax Recovery
- Input Tax Recovery under VAT in UAE
- Supplies not eligible for input tax recovery under VAT in UAE
- Your Checklist for Input VAT Recovery under VAT in UAE (Downloadable)
- Is the Input VAT paid prior to Registration, claimable?
- List of business expenses on which input VAT is blocked
- Apportionment of Input Tax
- Capital Asset Scheme in UAE VAT
- Input VAT Adjustments under Capital Assets Scheme
- 7 Expenses you didn’t know where Input VAT can be recovered
- VAT Fundamentals
- Supply under UAE VAT
- Supply of Goods and Services in UAE VAT
- VAT Rate in UAE
- UAE VAT Rates- Handbook
- Zero-Rated Supplies in UAE VAT
- Difference between zero rate, exempt and out of scope supplies in UAE VAT
- Accounts and Records under VAT
- VAT FAQs on Education Sector in UAE
- VAT support channels by FTA in UAE
- What is FTA Audit File (FAF)?
- FTA Accredited Tax Accounting Software Requirements
- Benefits of using FTA Approved Tax Accounting Software in UAE
- Special VAT Refund Schemes in UAE
- Change in business details to be notified to FTA
- Administrative Penalty under VAT in UAE
- Administrative Penalties under Tax Procedures Law by FTA in UAE
- VAT Exempt Supplies in UAE
- What is Time of Supply
- How to Determine the Time of Supply for Goods
- How to Determine the Time of Supply for Services
- Time of Supply in case of Assembly or installation of goods
- Time of supply for Sale on returnable basis or Consignment Sale under VAT in UAE
- Time of Supply in case of continuous supplies or Progressive billing under VAT in UAE
- How to Determine the Value of Supply in UAE VAT?
- Time of Supply in case of supplies through Vending Machine
- What is Deemed Supply under VAT in UAE?
- Deemed Supply Exceptions under VAT in UAE
- Date of Supply, Value of Supply and Invoice for Deemed Supply in VAT
- Single Composite Supply in UAE VAT
- Output VAT adjustments
- VAT Reverse Charge Mechanism
- VAT calculation when price is inclusive of VAT
- VAT rates applicable to Education Sector in UAE
- How to Treat Discounts under VAT in UAE?
- VAT applicability on different types of supplies in UAE
- Profit Margin Scheme under VAT in UAE
- How to calculate VAT under Profit Margin Scheme
- Valuation of supply when consideration is not in money
- How to handle Multiple Supplies in UAE VAT
- Tax Agent under UAE VAT
- Difference between place of establishment, fixed establishment and place of residence
- New residence VAT Refund Scheme in UAE
- Tourist Refund Scheme in UAE
- Business VAT Refund Scheme in UAE VAT
- VAT on supply of real estate in UAE
- VAT on supply of commercial property
- VAT FAQs on supply of real estate in UAE
- VAT on supply of bare land
- VAT on supply of charitable buildings
- VAT on supply of Residential Buildings
- VAT on owners’ associations
- Identifying VAT applicability on supply
- VAT on supply of mixed use developments
- Bad Debts Adjustment in UAE VAT
- VAT on gold and diamonds business in UAE
- Conditions for applying reverse charge VAT in Gold and Diamond Business
- Profit Margin Scheme – Eligible Goods under this scheme and conditions
- Use of Exchange Rates – Before and After 17th May
- Place of Supply
- Place of supply of goods under VAT in UAE
- Place of supply in case of export of goods
- Place of supply of specific goods
- Place of supply of services
- Bill–to Ship-to Supplies in UAE VAT
- Place of supply of real estate under UAE VAT
- VAT Invoice and Billing
- VAT Invoice in UAE
- Tax Invoice under VAT in UAE
- Simplified Tax Invoice under VAT in UAE
- Checklist for a Tax Invoice under VAT in UAE (Downloadable)
- How to issue Tax Invoice to registered customers?
- How to issue a Tax Invoice to unregistered customers?
- What consumers must check in a Tax Invoice in UAE?
- Credit Note: Document for return of goods under VAT in UAE
- Tax Credit Note under VAT in UAE
- VAT Compliance and Return
- VAT Return Filing Period in UAE
- VAT Return in UAE
- VAT Return Form
- How to file VAT Return in UAE
- - How to Furnish Standard Rated Supplies in VAT Return Form 201
- - Tourists Refund details in VAT Form 201
- - Reverse Charge Supplies in VAT Form 201
- - Zero-Rated and Exempt Supplies in VAT Form 201
- - Goods Imported into UAE and Adjustments to goods imported into UAE
- - Standard Rated Purchases/Expenses in VAT Form 201
- - Input VAT Recovery for Reverse Charge Supplies in VAT Form 201
- - Input VAT Adjustments in VAT Return Form 201
- VAT return FAQ's
- Checklist for Tax Return Filing under VAT in UAE
- Form 211 - VAT Voluntary Disclosure
- Penalties levied on Voluntary Disclosure in UAE
- How to Claim VAT refund under VAT in UAE
- VAT Payment in UAE
- How to make VAT payment using GIBAN
- How to make VAT Payment to FTA in UAE
- VAT payment on commercial property in FTA Portal
- Tax Audit under VAT in UAE
- Proposed Tourist VAT Refund Scheme in UAE
- FTA implementation Plan for Tourists Refund Scheme
- Free Zones and Designated Zone
- VAT on Free Zones in UAE
- New VAT Free Zones in UAE VAT
- VAT on Designated Zone in UAE
- VAT Computation on Goods Supplied from Designated Zone in UAE
- VAT Computation in case of Services supplied from Designated Zone in UAE
- VAT Treatment on Purchase of goods into Designated Zone in UAE
- VAT Treatment on services received in Designated Zone in UAE
- VAT FAQ's on UAE Free Zone
- Export and Import
- Exports and Imports under VAT in UAE
- Export of goods under VAT in UAE
- Export of goods to GCC VAT implementing States
- UAE Exports of goods from UAE to Non-GCC VAT implementing States
- UAE Exports of services to outside the GCC Territory
- VAT Payment on Import of Goods in UAE
- VAT Payment on Import by unregistered person in UAE
- Value of Supply in case of Import of Goods in UAE
- VAT on goods under customs duty suspension
- No VAT on import of these Goods
- VAT payment through e-guarantee in UAE
- Steps to submit e-guarantee in FTA portal
- Steps for non-registrants to pay VAT on import in FTA portal
- e-guarantee cancellation in FTA portal
Key Business Reports to Manage Your Finance Better

It’s a known fact that reports are one of your most vital assets to manage finance efficiently. The more you use the business report, you will be in a better position to analyze the key trends, know what is working, not working, strengths and weakness etc. of the business. The Insights from the business reports allow you to make smart and timely decisions which help in managing finance better and aid in business growth.
Among all the financial reports, below are the five most important reports that every business owner should be reviewing regularly and be on top of it to understand the company’s financial performance.
Balance Sheet
A balance sheet, also known as a "statement of financial position," reveals the details of the company's assets, liabilities and the amount owned by shareholders. A balance sheet helps you to measure the exact financial position of a business on a given date including the economic resources the business owns, owes, and the sources of financing for those resources.
The higher the part of owners’ equity in comparison with debts, the more the company is financially autonomous, therefore solvent. On the other side, if debts are high and the company depends on them to finance the operational activities, a business can be said to be ‘doing good’ only if suppliers and banks credit lines are maintained well and are raised proportionately with company growth.
It is critical for business owners to periodical review the balance sheet, determine the trend by comparing across periods and accordingly make suitable decisions.
Profit & Loss Account
Profit & Loss Account, also known as Income Statement, tells you about the money spent or cost incurred in an organization’s effort to generate revenue, representing the cost of doing business. For a given period, you can get to know the net profit after considering all the expenses incurred and income earned. This statement helps you to evaluate the profitability of the business and regular review will help you assess the risk to the business considering the actual profitability Vs the expected return.
The company can be viable and valuable only if the revenue exceeds the expenses and meets the expected return. Being on top of your profit & loss account helps you determine the early risks and accordingly take suitable actions.
Bills Receivables Report
Bills receivables are one of the key sources of cash inflow, any inefficiency in managing accounts receivables will impact your business in several ways and potentially hamper the growth of the business. The longer an invoice sits as bills receivable, will lead to cash flow issues and at some point, it may turn into bad debt. Therefore, it critical for you to manage the bills receivables efficiently and regularly review it. A regular check of bills ageing report will help you to identify the bills which are pending from long-time and one which requires immediate action. This along with payment performance analysis of customers and internal credit control techniques will help you to manage bills receivables better and subsequently lead to an increase in the financial health of the business.
Cash Flow and Projection
It is extremely important for businesses to monitor the cash flow since it is the lifeblood of the business and if not managed efficiently, it will be the major reason for the failure of business due to insufficient funds.
Analyzing the historical pattern of cash inflow and outflow gives some insights about the changes in cash position between the two periods and cash flow projection statement enables a business to make better financial decisions.
Budget and Actual report
Every business, at a given point in time, will have a short term and long-term business expenses. It is critical for a business to plan the budget and track the actual spending for a given period. Budget and Actual report help you to identify the spending and revenue generation against financial forecasting projections included in the budget. A regular check will help you recognize the areas where the spendings are over or under the budget and accordingly apply the necessary corrections.
Conclusion
Of all the financial reports, the above reports should be reviewed regularly to manage your finance better. For you to be on top of these reports, on-time availability of reports is very critical. Only when the reports are available on-time, it allows you to evaluate the performance and take on-time decisions. Automating your books of accounts using an accounting software will ease the bookkeeping right from recording to reporting and more importantly, all the reports will available instantly so that the smart decisions can be made on-time.
THE MOST TRUSTED VAT SOLUTION IN MIDDLE EAST
When it comes to managing VAT compliance and multiple other business processes, more than 50,000 businesses in the Middle East trust Tally.ERP 9.