GENERAL TRADING SOFTWARE SOLUTION
Worried About GCC VAT?
Now, Tradeizy is VAT Implemented System
Infotiz is the ultimate Trading software Solution in UAE for every purchase or sales/trading of international/local commodities, where we need to negotiate the prices to buy and to sell globally. An in-depth understanding of the Trading company business requirements in the middle-east has enabled Infotiz to develop this General Trading Business Management Softwares.
Infotiz has incorporated vide range of software’s especially suitable to different business operations in Dubai and the Middle East. Viz Acctiz, Tradeizy, Acctiz Pro, iMainzer, RMA.
Each software has distinct features, detail description is provided in our products portal.
Features All software’s includes the basics modules to suit all types of trading business.
Cost Budget and budgeting control
Local purchase order
Import purchase order
Estimation and Quotation Management
Service & Maintenance Management
Fixed Assets Management
Post Dated Cheque (PDC) Handling
Online Document Printing
Online Document Printing
Job / Activity Based Costing
HR (Personnel) Management
Value addition (for New & Used Items)
Letter of Credit (LC)
Because of our modular approach to software delivery, In the Infotiz accounting systems, we look at here for the most part, which allows customers to build their own financial systems based on what their operations require. While we examine baseline general ledger capability, these systems often also offer vertical market versions tailored for specific kinds of businesses, such as nonprofit entities, manufacturing companies, distribution businesses, or real estate management, for example. Generally, these are add-on modules that install over the baseline accounting software.
For example, production, warehousing, and distribution businesses all have very different inventory needs, and this becomes even more complex when the business houses inventory of different kinds in multiple locations or countries. One of the areas we examined but did not test, was a vendor’s ability to meet these various inventory complexities, including bill of materials (BOM) processing, kitting (inventorying subcomponents of a finished product), and supply chain management.
Other characteristics of higher-level accounting systems include the ability to handle multiple companies and divisions, frequently with intercompany or interdivisional transactions; multicurrency capability, enhanced security, and features such as self-service payroll where the employee can directly access his or her information and make limited changes such as increasing or decreasing the number of dependents.
Value Added Tax (VAT)
In another milestone towards the implementation of VAT across the Gulf Cooperation Council, the Unified Agreement for VAT was published in the official gazette of one of the member states, Saudi Arabia. The Unified Agreement provides the framework for the operation of VAT across the GCC. Each GCC member state will implement the framework through legislation and other instruments. This milestone is another reason for companies operating in the Middle East to put in place or further their VAT implementation plans.
Features The Unified Agreement for VAT for the GCC Region includes the following key features