Top 8 Accounting Software Solutions in the UAE



It's hardly an overstatement to suggest that accounting software has emerged as an indispensable ally for business owners and entrepreneurs alike. These sophisticated tools not only streamline the arduous tasks of accountants by automating the tracking of payments and receivables but also simplify tax management and generate insightful financial reports. This aids businesses in enhancing operational efficiency and making informed strategic decisions.

Accounting Software Companies in Dubai: Leading Solutions for UAE Businesses

In the United Arab Emirates, the financial and business communities are increasingly recognizing the value of these digital solutions. This trend aligns with the nation's ambitions to foster business expansion and transition towards cutting-edge technological applications, now considered a cornerstone of global business success. This article delves into the premier accounting software options available in the UAE, specifically highlighting accounting software companies in Dubai and offering insights into how these tools could transform business operations.

Top Accounting Software in the UAE

The accounting programs vary in terms of business size and nature. Here are 8 key programs in the UAE:

• Wafeq
• QuickBooks
• Refrens
• Xero
• SMACC
• Zoho Books
• NetSuite
• Oracle
• Microsoft Dynamics

Wafeq

Wafeq stands as the latest certified cloud accounting software for e-invoicing in the UAE, garnering trust from a wide array of clients and businesses due to its user-friendly interface, sleek design, and extensive functionality.

Features of Wafeq

• Boasts a modern, intuitive user interface that users can quickly master.
• Supports both Arabic and English, accommodating a diverse user base.
• Enables customization of invoices to reflect your company’s brand identity.
• Permits uploading a unique company stamp for consistent branding across all documents, such as invoices, quotes, and purchase orders.
• Capable of managing a substantial volume of financial documents and files.
• Offers a variety of pricing packages to suit different budgetary needs.

Advantages and Benefits of Wafeq

• Generates VAT returns automatically in the format mandated by the tax authority.
• Allows for the creation of numerous sub-accounts, enabling more detailed and accurate financial reporting.
• Facilitates the tracking of sales, expenses, and cash flows.
• Delivers automated reports that summarize your company’s financial performance.
• Sorts invoices by status and dispatches timely reminders to clients.
• Enables the sending of payment receipts directly to clients via Wafeq.
• Automatically adjusts stock quantities during the purchase and sale of goods.

Pricing



• Starter E-invoicing and expense tracking for VAT-registered companies.
• Plus Features of Starter plus quotes and purchase orders, and stamps.
• Premium Features of Plus, in addition to inventory and payroll.

Integration with External Systems (API)

Wafeq offers unlimited bulk e-invoicing for any personal app or website, with automatic synchronization of your online store data with your physical locations.

Number of Users

Unlimited.

Technical Support

Wafeq excels in providing technical support and customer service by phone, email, and WhatsApp, entirely free of charge.

Read more: Empowering Business Growth with Wafeq's Advanced Accounting Program.

Still deciding? See Wafeq in action!

QuickBooks

QuickBooks is a well-regarded accounting program, offering a variety of software solutions that assist accountants in performing calculations more effectively.

Features of QuickBooks

• Easy to use.
• Provides tutorials and training courses.
• Suitable for small and medium-sized companies.
• Does not support Arabic.
• Advantages and Benefits of QuickBooks
• Offers software integration and automatic data transfer, and bill payment.
• Allows comparison of cash flows across different accounting periods.
• Provides multiple HR programs for payroll management.

Pricing

• Basic Package AED 67 per month. Tracks income and expenses, sends invoices and quotes, and tracks VAT.
• Advanced Package AED 102 per month. Adds reports, employee management, and multi-currency support.
• Extra Package AED 142 per month. Tracks recurring transactions, manages inventory, and oversees budgets.

Integration with External Systems (API)

QuickBooks provides API integration with external systems and applications.

Number of Users

Allows one primary user and up to five users at an additional cost per new user.

Technical Support

Offers free customer services.

Refrens

Refrens is a cloud-based accounting and ERP solution designed to support small and medium-sized businesses in the UAE. The platform focuses on simplifying daily accounting operations while supporting VAT compliance and invoicing requirements.

Features of Refrens

• Automates bookkeeping with real-time ledger updates, trial balances, and balance sheets.
• Provides an intuitive dashboard designed to simplify day-to-day accounting tasks.
• Supports the generation of VAT reports and financial statements to assist with tax filing.
• Offers invoicing and document management tools, with support for bulk invoice processing.
• Includes inventory tracking with real-time stock updates.
• Supports invoice and document generation in Arabic and English.

Advantages and Benefits of Refrens

• Helps reduce manual accounting work through automation of repetitive tasks.
• Centralizes financial documents, invoices, and client records in one system.
• Supports recurring invoices and payment reminders to improve collection processes.
• Allows businesses to create branded invoices, quotations, and purchase orders.
• Offers entry-level plans suitable for startups and early-stage businesses.

Pricing

Refrens provides multiple pricing plans, including a free plan with limited document usage, as well as paid plans that add features such as unlimited documents, workflow approvals, and additional user access. Pricing varies based on selected features and user limits.

Integration with External Systems (API)

Refrens offers API access that allows integration with external systems such as eCommerce platforms and CRM tools, enabling synchronization of sales, inventory, and customer data.

Number of Users

The platform supports multiple users with role-based access control, allowing teams to collaborate with defined permissions.

Technical Support

Refrens provides customer support through digital channels, including email, messaging platforms, and online help resources to assist users with onboarding and ongoing usage.

Xero

Xero is among the most significant accounting management software for companies, particularly small and start-up firms, making it a preferred financial application in the market.

Features of Xero

• Features an easy-to-use dashboard.
• Advantages and Benefits of Xero
• Enables the sending of sales invoices and purchase orders.
• Allows tracking of suppliers and customers.
• Helps in understanding the value of fixed assets, inventory, and financial obligations.
• Provides a detailed list of actions for each financial transaction.
• Assists in tracking projects and profits.
• Can process and accept payments in multiple currencies.

Pricing

• Basic $22 per month. Includes unlimited bank reconciliations.
• Super $35 per month. Includes unlimited invoices and various quote options.
• Premium $47 per month. Exclusive options like multi-currency support and project and profit management support.

Integration with External Systems (API)

Xero can synchronize with data, systems, and various applications through a set of electronic payment and human resources management software.

Number of Users

Allows an unlimited number of users, but with limited permissions.

Technical Support

Xero provides robust customer support, including email assistance.

Zoho Books

Zoho Books enables companies to keep financial books without the need for a large number of accountants.

Features of Zoho Books

• Features an interface that is easy to understand and learn.
• Highly secure to protect the application from manipulation and fraud.
• Suitable only for small companies.

Advantages and Benefits of Zoho Books

• Helps in creating cash accounts for clients.
• Automates company workflows.
• Allows you to create various jobs to cover unique business use cases.

Pricing

• Standard $12 per month. Invoicing and expense tracking.
• Professional $24 per month. Invoicing, purchase orders, multi-currency, and projects.
• Premium $36 per month. Preparing balance sheets and setting workflow rules.

Integration with External Systems (API)

Zoho Books offers API integration and compatibility with a series of applications and services needed to activate the program.

Number of Users

Allows the addition of one extra user for free, and up to ten users maximum.

Technical Support

Provides appropriate support, with access to a support and assistance team to help you.

NetSuite

NetSuite enables all companies of various sizes to manage their business and commercial activities more efficiently.

Features of NetSuite

• Simplifies accounting and helps companies in managing core operations centrally.
• Offers various accounting deployment options.
• Somewhat complex and best suited for large companies, not small or medium ones.

Advantages and Benefits of NetSuite

• Automates business tasks and provides easy access to important information.
• Allows customization of accounting solutions to fit your company's budget.
• Assists in generating high-level reports.
• Allows setting and tracking of key performance indicators over specified periods.

Pricing

• Fixed Annual Package $3,588 per month. Includes all services.
• Limited Annual Package $200 per month. Includes some exclusive features.

Integration with External Systems (API)

NetSuite offers electronic API integration.

Technical Support

NetSuite provides free currency support and services.

Oracle

Oracle helps in managing all financial data and operates in many companies worldwide.

Features of Oracle

• Offers flexibility in adjusting and adding financial accounts.
• The program is continuously updated.

Advantages and Benefits of Oracle

• Includes a suite of integrated business intelligence tools such as charting tools, report creation, and search capabilities.
• Helps clients save and organize financial information.
• Helps in creating receipts and invoices.

Pricing

• Trial Package Free for 14 days.
• Basic Package $15 - $42 per month- Basic options and features.
• Comprehensive Package $99 per month. Along with basic options, there are additional features.

Integration with External Systems (API)

Oracle provides external API integration, but faces some programming issues with several databases.

Technical Support

Oracle provides good technical support.

Microsoft Dynamics Software

Microsoft Dynamics is a specialized program for managing and planning a company's financial and administrative resources, as well as organizing procurement, sales, inventory management, manufacturing, project management, and other strategic business operations.

Features of Microsoft Dynamics

• The program adapts to changes based on client needs.
• Available in two versions, one for small businesses and another for medium to large companies.

Advantages and Benefits of Microsoft Dynamics

• Helps in tracking and updating data.
• Stores financial entries and data with high quality.
• An excellent tool for increasing control over the financial system.
• Relies on modern artificial intelligence tools for decision-making and financial analyses.
• Divides the program into various modules such as sales, marketing, and projects.

Pricing

• Customer Package $115 per month. Includes support for financial data in companies.
• Unified Package $190 per month, including all applications and tools that assist in communications and managing business operations.
• Best Value Package $210 per month. Including access to the best financial plans for business management and other diverse options.

Integration with External Systems (API)

While Microsoft Dynamics often links its database with an electronic cloud (either Amazon's or Microsoft's), the system can also be linked to a local database.

Technical Support

Microsoft Dynamics offers multi-channel tools for engaging customers, individual option windows, and a variety of tools for community involvement and technical support.

SMACC

SMACC is an accounting program launched in 1988 in an attempt to help companies track their financial matters and meet technical client requirements.

Features of SMACC

• Comprises several integrated subsystems in one framework.
• Offers a free trial without the need for payment details.

Advantages and Benefits of SMACC

• Helps in managing the balance sheet.
• Allows for managing fixed assets and calculating depreciation rates, sales, purchases, inventory, point of sale, and various employee affairs.

Pricing

• Basic Package $125 per month for only 2 users with one business model.
• Advanced Package $159 per month for 3 users with two business models.
• Comprehensive Package $185 per month for only 4 users and all business models.

Integration with External Systems (API)

SMACC offers API features, though it is best to use the program's internal systems to enhance usage efficiency and quality.

Number of Users

Allows up to 4 users as a maximum.

Technical Support

Provides free customer support services.