With the combination of function, control and customization built Tally ERP 9 permits, business owners, and their partners to manage all their accounts, finance, payroll, taxation, sales, inventory management and much more.
VAT is collected at each stage of the Value Addition in the supply chain and the input tax reduction mechanism ensures that companies act as tax administrators or tax collectors of the government.
First thing is about ensuring all the financial transactions are recorded and books of accounts are accurate and up to date. Your books of accounts act as an evidence for minimum annual turnover threshold limit for VAT registration.
Start recording all your business financial transactions with Tally ERP 9 software which is highly recommended as a VAT accounting software solution for all the business enterprises in Saudi Arabia.
VAT ready means that you need to pay VAT for goods and services subject to taxation, note the VAT paid for purchases, such as the tax return, and finally, you must file a VAT declaration on a regular basis.
To know more detailed information on VAT Accounting Software & Tally ERP 9 for VAT, get in touch with a team of technical experts on 00966-583117703 or log on to the website: http://manalpro.com/tally/vat-returns-vat-payable/.