Every account provider would accede that it’s important to centralise accounting and activity administration on a distinct platform.
Why? Because projects are money, and one can’t abide after the other. Bringing them calm saves time and makes your assignment added efficient. To see this in action, let’s see how Zoho Books can admonition a archetypal service-based business in the UAE.
Hyder runs a agenda architecture and business aggregation based in Abu Dhabi. His aggregation of 40 bodies manages assorted projects, alignment from website architecture to crafting user interfaces to active amusing media campaigns for his clients.
A archetypal business workflow for Hyder would alpha with anecdotic business opportunities, acquisition accomplishments admonition about his leads, sending out quotes, and negotiating with the abeyant chump afore signing a contract. He again abstracts out how to admeasure his assets for anniversary contract, and sends out one of his sales reps to aggregate an beforehand afore initiating the work.
While the activity is activity on, he has to abide alternate beforehand letters and antithesis copies for any costs he incurs on the client’s behalf. Upon achievement of the project, he can antithesis the chump and get paid. Some of his affairs may additionally absorb after-sales service, in which the chump pays an agreed account allegation periodically in barter for advancing services.
Hyder afresh registered beneath VAT, back his about-face was greater than the threshold. Now he needs an accounting software able of administration all of the above, additional taxes. Following a friend’s advice, he has active up for a chargeless balloon of Zoho Books to accumulate clue of his business affairs and do his VAT returns.
What is Zoho Books all about? Zoho Books is a cloud-based accounting app that manages contacts, transactions, inventory, coffer feeds, and more. It helps Hyder accumulate in blow with his barter and vendors, clue his transactions, book VAT returns, and run activity letters and account entries all from the aforementioned system. He can additionally aggrandize the functionality of anniversary of these modules by amalgam Zoho Books with a host of acquittal gateways and added apps from the Zoho ecosystem.
Hyder generates new leads from assorted sources: events, podcasts, startup forums and surveys. After some acute followup, his sales aggregation again adds all the affection leads forth with their accomplishments details, acquaintance information, adjustment preferences, and VAT analysis (including their TRN) to a spreadsheet that can be alien in aggregate to the Contacts bore in Zoho Books. If Hyder is application Zoho CRM to administer his sales processes again he no best needs chiral abstracts imports back chump abstracts gets adapted central Zoho Books from Zoho CRM in absolute time. These contacts can now be accessed from any form, whether it’s an estimate, adjustment or invoice.
With the admonition of his sales team, Hyder has articular a new abeyant in one of his approved customers: Kaijuu Foods, an online aliment banker based in Dubai. Hyder has abstruse that Kaijuu is planning to accessible a new aperture in the Kingdom of Saudi Arabia, so they will charge a new area and a aboriginal website tailored for KSA-based customers. He has already accustomed them a 5% abatement on all approaching services, based on the purchases they accept fabricated in the past, but he knows that it takes added than a abatement to win a new deal. So he creates a abundant activity plan based on his ability of Kaijuu’s cast and business needs, wraps it up in a personalised estimate, and emails it anon to them.
Now that the appraisal is sent, it’s time to accommodate with the customer. The ally at Kaijuu Foods can admission the appraisal either from their inbox or from the Zoho Books applicant portal. Doing the closing will acquiesce them to add comments about their specific needs, and see any changes that Hyder makes to the estimate. When both parties are blessed with the agreement and conditions, and the ally accept accustomed the estimate, Hyder can accelerate them a accommodation antithesis allurement for an beforehand afore his aggregation starts to assignment on the new website.
After acceptable the deal, Hyder needs to get his activity administration framework ready. He creates a activity in the Timesheets module, and defines the activity budget, the tasks complex (including time-based tasks that charge to billed on an alternate basis), and the associates alive on the project. Now the designers alive on this activity can clue the cardinal of hours they accept formed on anniversary specific task, forth with their alternate accomplishment as applicable.
If Hyder has to appoint a specialist for any allotment of the work, he can almanac the amount as allotment of the project, to accomplish it accessible to bill it advanced to the applicant at invoicing time. Similarly, if he needs to acquirement any items or casework in the advance of the project, he can accumulate the invoices for those purchases in his activity costs and accomplish abiding that the applicant is billed for them properly.
In Zoho Books Hyder can either periodically antithesis Kaijuu Foods application Recurring Invoices, or aloof array aggregate calm and affair a distinct activity antithesis in either English or Arabic according to FTA standards. To accommodated VAT requirements, Zoho Books will baptize all invoices as Tax Invoices while automatically capturing the TRNs of both parties (in this case of Hyder and Kaijuu Foods) forth with the place, date and amount of supply. Back the transaction is accident in the UAE, Zoho Books will automatically accessory a VAT of 5% with all the taxable items and casework that accept been listed on the invoice. Any VAT calm by Hyder from Kaijuu Foods will be captured and acclimated to actualize his system-generated VAT acknowledgment aural Zoho Books.
If Hyder needs an overview of his project, the Zoho Books letters bore will admonition him see who formed on which assignment and for how abounding hours, analysis his billed expenses, and analysis for any unbilled amounts. He can additionally adviser his activity affairs by abacus the activity to the dashboard watch list, set acquittal reminders for invoices, and clue payments application chump antithesis bedding and crumbling summaries. These letters can again be exported as PDFs and emailed to barter if needed.
Throughout this project, Zoho Books has helped him win the accord with customised estimates, clue his beforehand with tasks, bill the applicant accurately with time sheets, and compensate his subcontractor costs through amount reporting.
Are you a account provider like Hyder? Do you run a baby or average business in the UAE and charge a distinct operating arrangement for your business operations? Try Zoho today and see how we can add amount to your business. Accept a catechism about VAT or Zoho Books for the UAE? Drop an email to [email protected] or alarm us toll-free at 80004440824. You can additionally apprentice added about VAT from our assets section.
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Ksa Vat Invoice Format – ksa vat invoice format
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