Factors that UAE accounting experts look for in a tax software

With the advent of VAT in the UAE VAT registration portals are in demand. So if you are thinking of investing in a tax portal for your corporate organisation, we can help you choose a good portal software. The portal is a one-time investment and before you get it installed, do make sure that it is multifaceted and can manage the various tax policies of your company efficiently.

So, if you are wondering how to choose a reliable and cost-effective tax portal for your company, here is a list of factors that you must consider.

VAT return compatibility

You must make sure that the UAE VAT registration portal is compatible with both cash and invoice accounting and can cope with all VAT schemes in the UAE. In case you need to file a VAT return online, you must also check whether the portal can produce an automatic VAT return or not.

Comes with the Banking Feature

Always go for a portal that offers bank module as a feature so that you can link your tax accounts to your bank account and synchronise them automatically. This way you will be able to consider the bank figures while preparing the tax files for your company.

Multiple-User Friendly

The portal must have a multi-user feature so that your team of accountants can take care of the taxation and VAT issues of your company and work on it together while being in the loop all the time. 

Link with personal tax accounts

Always choose a UAE VAT registration portal that gives you the option of linking your personal tax accounts with the tax accounts of your business. Choose a module that can connect the details of the incomes from your company and use them to assess your personal tax return.

Customer Support Backup

Like every other software, portals can crash at times too, as a result of which your staff can face a problem while operating it at times. To save your business from suffering the loss from unproductive hours, make sure that you choose a portal that has customer care support backup. So that when you have doubts, you can ring them up and can get your problems solved easily.

Should be Mobile Compatible

Choose a UAE VAT registration portal that has a mobile version so that you can use it on your cell phone for emergencies and quick views. However, the mobile application may or may not have all the features that the actual portal has.

Also, remember that it is better to opt for a web-based portal solution as that will be most cost-effective. So make sure that the portal ticks the above boxes and then invest in it.