VAT Enabled Accounting Software Oman
Invoicing and accounting software to stay VAT compliant.
برنامج جاهز لضريبة القيمة المضافة
Here is a simple VAT enabled accounting software for Oman. Create VAT complaint invoices, enter bills of purchases and generate VAT form in one click to submit to Oman tax authority.
Tracking VAT liability on regular basis without support of a VAT enabled accounting software could be an overwhelming job. Precise VAT tracking requires consolidation and categorization of sales and purchase. TopNotepad is VAT enabled accounting Software for Oman it has features to consolidated sales & supplies. They must be further categorized into the following:
- Sales made at standard rated VAT
- Sales made at zero rated VAT
- Supplies that are exempted from VAT
- Export sales made to the GCC member states
- Export sales made outside GCC member states
Similarly, purchases & expenses must be further grouped by the VAT enabled accounting software into the following:
- All purchases & expenses that attracted standard VAT rate
- Purchases that are zero rated
- Exempted purchase
- Imports that were customs paid
- Imports under reverse charge
As TopNotepad is VAT enabled accounting software for Oman it creates VAT form automatically. The VAT form designed by the Sultanate of Oman tax authority requires consolidated information of VAT collected on sales i.e., output VAT and VAT paid on purchases that is input VAT. The difference of output and input VAT gives the final VAT liability.
There are quite a few Oman VAT enabled accounting software services in the market but very few are exhaustive. Most of the software are very basic and do not have features to track import VAT and VAT under reverse charge. Our recommendation to small businesses is choose a software that is truly a VAT enabled accounting software Oman. The software should be easy to use and affordable. The user of such software should need no support from a VAT consultant and should be able to file VAT returns on own.
Tracking VAT liability on regular basis without support of a VAT enabled accounting software could be an overwhelming job. Precise VAT tracking requires consolidation and categorization of sales and purchase. TopNotepad is VAT enabled accounting Software for Oman it has features to consolidated sales & supplies. They must be further categorized into the following:
- Sales made at standard rated VAT
- Sales made at zero rated VAT
- Supplies that are exempted from VAT
- Export sales made to the GCC member states
- Export sales made outside GCC member states
Similarly, purchases & expenses must be further grouped by the VAT enabled accounting software into the following:
- All purchases & expenses that attracted standard VAT rate
- Purchases that are zero rated
- Exempted purchase
- Imports that were customs paid
- Imports under reverse charge
As TopNotepad is VAT enabled accounting software for Oman it creates VAT form automatically. The VAT form designed by the Sultanate of Oman tax authority requires consolidated information of VAT collected on sales i.e., output VAT and VAT paid on purchases that is input VAT. The difference of output and input VAT gives the final VAT liability.
There are quite a few Oman VAT enabled accounting software services in the market but very few are exhaustive. Most of the software are very basic and do not have features to track import VAT and VAT under reverse charge. Our recommendation to small businesses is choose a software that is truly a VAT enabled accounting software Oman. The software should be easy to use and affordable. The user of such software should need no support from a VAT consultant and should be able to file VAT returns on own.