First Bit Has Renewed the UAE Federal Tax Authority (FTA) Accreditation

Published 1 Sep 2019

Being the leading provider of software for business automation and management, First Bit gets its UAE Federal Tax Authority accreditation renewed for its accounting solution.

The company has been listed in the Tax Accounting Software Register (TASR) since 2018. This means that VAT accounting software provided by First Bit is fully aligned with UAE’s Federal Tax Authority requirements and satisfies the current tax laws and tax reporting guidelines.

FTA approval ensures that tax data collected and reported by FirstBit Accounting solution correspond to the format accepted by accounting authorities. All documents, including reports and tax audits with FAF file are generated in one-click away in full compliance with VAT rules. It is critically important for proper tax reporting both by natural and legal entities registered in UAE.

This year First Bit has confirmed its status as No.1 provider of VAT accounting software for UAE-based business firms. FirstBit Accounting solution provides automatic VAT Return generation and other powerful accounting tools in one consistent system:

Integrated inventory;

Payroll & HR;

Project costing;

PDC tracking;

Multi-company, multi-currency, and multi-warehouse;

Comprehensive reporting with drill-down to individual transactions;

IFRS compliance;

And many more.

FirstBit Accounting software is being constantly brought into accordance with the latest changes in UAE legislation, and this gives its customers complete safety and easiness in tax reporting. Get more details on this product capabilities at +971 4 439 69 00 or try a FREE 7-Day trial http://accounting-software.ae/