Accounting and Finance Software in UAE, Dubai | FirstBit
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Finance & Accounting

FirstBIT ERP

Accounting and Finance Management Software

Manage all your finance information in one software solution
Complete set of accounting ERP tools for your assets, equity and liabilities

Financial reporting in compliance with IFRS standards

Income and expense accounting

Cash flow planning and management

Fixed and intangible asset accounting and lifecycle management

Operating results drilled down to each transaction

Profitable Decisions

Finance and Accounting Software Features

Record

  • IFRS-compliant accounting for all business transactions
  • Fixed asset management
  • Cost accounting
  • Multicurrency
  • Exchange rate differences
  • Cheque, bank and cash entries
  • Period-end closing (month/year)
  • Personnel expense reporting
  • Allocation of additional costs to cost of goods
Management
  • Accounts payable and receivable
  • Bank reconciliation
  • Cash asset balances
  • Check clearing date control
Analysis
  • Profit and loss statement
  • Statement of financial position
  • Receivables structure and ageing
  • Income and expense structure
  • General ledger
  • Cash flow statement
  • Statement of changes in Equity
  • Trial balance
Planning
  • Payment schedule

Accounting and Finance Management Software


Mitigate financial risks with FirstBit ERP - FTA-approved accounting software in the UAE

Built specifically for small and mid-size businesses: construction, trading, and manufacturing companies, the FirstBit ERP finance module offers all the features you need to maximize profits and prevent financial fraud. It also helps stay compliant with local and international guidelines. Moreover, the software is regularly updated to reflect the changes in laws and regulations.

Available on-premise and cloud, FirstBit ERP finance and accounting software features are created according to IFRS standards, and the support team is based in Dubai. It is also VAT-compliant and allows you to automate calculations just by entering the data.

Improve Financial Management

  • Facilitate financial transparency
  • Streamline profit and loss calculations
  • Cash flow planning and management
  • Advanced reports for fixed and intangible assets accounting and management
  • Statement and ledger management

Improve Financial Management

Accounting Records

  • IFRS Compliant: FirstBit ERP system follows IFRS strategies for all business transactions, making it easy to increase transparency and accountability of financial statements.
  • Exchange Rate Differences and Multicurrency: Stay atop the dynamic exchange rate differences of multiple currencies and make/accept payments for your construction, trade, or wholesale business transactions.
  • Cost Accounting: Keep track of your business expenses to determine where to cut costs.
  • Cash, Cheque, and Bank Entries: No matter how you make or accept payments, you can make quick entries and track all transactions in one place.
  • Period-end Closing: Prevent duplicate entry mistakes and keep your accounts ready for audit (and tax) with period-end closing (month/year).
  • Personnel Expense Reporting: Track how much your employees spend on business expenses (travel, phone, etc.).
  • Additional Expense Allocation: Construction, trading, wholesale, and distribution are highly dynamic businesses. Use this feature to understand and control the actual cost of sale.

Budget Management

  • Accounts Payables and Receivables: Stay atop the money you owe to vendors and what your customers owe you.
  • Bank Reconciliation: Upload and match the bank statements with the transactions recorded in the general ledger.
  • Cash Asset Balances: Know how much cash is available in the business to make better financial decisions.
  • Cheque Clearing Date Control: Manage when you want the cheque cleared to prevent bounced cheque issues.

Financial Analysis

  • Profit and Loss Statement: Get a customized report of revenues, costs, and expenses incurred.
  • Statement of Financial Position: Get a bird’s-eye view of your business's assets, liabilities, and equity.
  • General Ledger: Track your financial transactions, including payables, receivables, cash management, assets, purchases, and projects.
  • Trial Balance: Track the closing balance of all accounts in the general ledger at a time.

Financial Planning

  • Payment Schedule: No missed payments with our payment schedule feature.

Deployment Options

Cloud
On-premises

Get a Free Demo of FirstBIT ERP

OR Call +971 4 4396900

FAQ

What data can be transferred from our previous software to FirstBit ERP system?
During the software implementation process, we usually transfer master data, opening balances on a cut-off date, and ledger details with transaction numbers for reference.
Can FirstBit ERP send Statements of Account to our clients automatically?
You can set up the automatic generation and e-mail of SOA to your clients. Prior to sending you can add a cover letter, and verify and confirm the data.
Do we need to update foreign currency rates manually in FirstBit ERP?
Foreign currency rates are updated automatically on a daily basis via direct connection to UAE Central Bank.
How many companies can we create and manage in FirstBit ERP?
There is no limit to the number of Companies you can create and manage in FirstBit ERP system.

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