Under Vision 2030, Saudi Arabia is keen to accelerate the implementation of the National Transformation Plan To keep pace with digital transformation and adopt the latest technology and e-practices in various fields and projects United Kingdom of Great Britain and Northern Ireland, including the economic sphere, has adopted the electronic invoice system. which can be defined by the Zakat and Income Authority as an invoice issued electronically to facilitate all What are the most prominent programs that support the electronic invoice approved by the Zakat and Income Authority of the Kingdom?, That's what we'll recognize in the rest of the article.
Programs approved by the Zakat and Income Authority of the Kingdom
Zakat and Income Authority in the Kingdom of Saudi Arabia adopts a series of programs that support the electronic invoice system, the most important of which we may find:
1. Xero Accounting Software
Xero is one of the most powerful accounting programs adopted by Zakat and Income Authority designed for small and growing businesses, Xero can be accessed from any device with active internet connection With Xero's strong accounting features, small companies can view cash flows, transactions and account details from anywhere All banking transactions are imported and encrypted automatically, using Xero personal expenses can also be managed through mobile review and approval of each receipt, Also Xero of software that offers unlimited user support and integrates with a variety of systems.
Xero automates bookkeeping and accounting. Xero's online accounting software includes a blueprint for accounts, general ledger, financial reports, bank account reconciliation, cash flow management, picking up invoices and receipts, purchase orders, customer quotes, order management, invoices, receivables, inventory management, accounts payable and business management.
2. QuickBooks
The Kingdom's Zakat and Income Authority also adopts QuickBooks from Intuit, which is one of the most prominent programs specializing in small business accounting that helps manage revenue and expenses and tracks financial position the use of QuickBooks allows the user to invoice customers, pay invoices, prepare taxes and create financial reports, QuickBooks' range of features includes many specific solution products QuickBooks Online, QuickBooks Desktop, QuickBooks Payroll and QuickBooks Time, the most recommended option for companies is QuickBooks Online.
QuickBooks also allows users to store digital copies of receipts without spending hours manually entering data Just take a picture of your receipts and upload them via QuickBooks mobile app, QuickBooks is also a software that regulates receipts and documents by setting up automatic classification of business expenses and users through QuickBooks Online can also set up automatic payment reminders for creditor and debit accounts.
3. Zoho Books Program
Zoho Books is a comprehensive cloud accounting platform that is interested in financing your business from basic accounting, inventory tracking, bank reconciliation and project management to workflow automation and keep your business compatible with GST, Zoho Books is a program that reduces the need for manual data entry and thus reduce the likelihood of errors, as well as provide a transaction approval workflow that cancels paper approvals while allowing you to check transactions before they are sent.
Zoho Books is a software that keeps data safe, with access control and auditing pathways to provide you with full control over your business data, as you have to decide who can access and process sensitive data.
4. Books Accounting Program
Bookkeeping is a billing, warehouse and accounting program to manage your business easily on the cloud from anywhere It is an integrated accounting program, which helps you manage all your public accounts and everything related to your accounting and financial operations. regardless of the type and activity of your company in service, commercial or even industrial, Your accountant can use the account program to manage all your accounting affairs from first entry to extracting an integrated budget.
5. TecBadia Accounting Software
TecBadia provides the most important accounting software adopted by Zakat TecBadia is working on customized software design. with a large and unlimited storage capacity, and with a shortened and easy-to-use control panel With the ability to manage inventory easily, it also allows sales invoices to be made according to Zakat, Tax and Customs Authority requirements and provides instant heat bill printing through the machine, and more advantages.
6. Accounting Program Constraints
A comprehensive accounting software constraints accounting program saves time and effort, by creating automatic constraints for all accounting and financial operations with the possibility of manual constraints. The program has a simple and user-friendly design, with program management from anywhere in the world, integrated and smooth components of the program.
7. SMACC Accounting Program
SMACC is a Saudi accounting software, designed for business accounting management, SMACC accounting software consists of several modules including financial accounting, sales, procurement, inventory, point of sale, human resources system, payroll management and fingerprint attendance management and digital card reader features.
SMACC software is a software that helps you improve your business processes by integrating and integrating your data, it is designed to be simple but powerful and hosted on Microsoft Azure cloud, SMACC provides complete data security and information backups so you can save your time to focus on your customers and grow your business.
Conclusion:
Through the adoption of the above-mentioned programmes, the Saudi Zakat and Income Authority seeks to promote the economic sector in the Kingdom, in line with the digital developments in the leading economies, to strengthen the state's efforts to reduce the transactions of the hidden economy and promote fair competition, as well as to contribute significantly to the efforts of several government agencies to combat trade cover-ups.
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References
1. <<Why do companies need accounting programs? >>, ITWeb
2. << Management Accounting >>, businessnewsdaily
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