VAT will be implemented in Bahrain from January 2019. Businesses in Bahrain can rely on Tally.ERP 9 for seamless transition to VAT and regular compliance with VAT rules. Tally.ERP 9, trusted by more than 1.2 million businesses globally, is backed by over 30 years of expertise in building software for VAT in different tax environments. In the GCC, Tally.ERP 9 is an accredited VAT software by the FTA (Federal Tax Authority) in UAE and the GAZT (General Authority of Zakat and Tax) in Saudi Arabia.
You can start creating VAT compliant invoices in Tally.ERP 9 within minutes of installation. You can also record transactions relating to a range of business scenarios such as discounts, freight charges, foreign currency transactions, exports, as well as self-account for VAT on reverse charge, input tax credit and advance receipts. VAT invoices can be printed in Arabic, English or both in Tally.ERP 9.
Tally.ERP 9 has the unique capability to detect errors and mismatches between your transactions and configurations. Say that you have entered the wrong TRN (Tax Registration Number) or wrong transaction details. Tally.ERP 9 will alert you and let you correct the error by giving you the reason for the error. With Tally.ERP 9, you can be sure that your transactions are compliant and ready for audits at any time.
In Tally.ERP 9, your VAT return is updated real-time as you keep entering your transactions. Any errors in your transactions are detected and shown to you along with the reason for the error. You get an in-depth tax computation and analysis of your VAT return before filing. Changes in return forms are updated on time to ensure that your returns are accurate and up-to-date. Using Tally.ERP 9 also simplifies the work of your tax consultants as VAT returns and audit reports can be generated at the click of a button. With Tally.ERP 9, return filing will never be a dreaded activity.
Tally.ERP 9 is a complete business management solution which caters to all your business needs. Along with VAT, you can manage your financial accounts, inventory, banking tasks, payroll and much more. You can always also remain connected with your business, through our trusted feature of Remote Access. The transactions from all your locations can be consolidated at one location with no special effort.
Be fully VAT compliant with Tally.ERP 9 with complete peace of mind.
Content Courtesy: Tally Solutions