In this page, you can see how to Add item in iGreen accounting software, How to input purchases, How to issue invoice and How to see report of Sales profit, and Stock inventory. Please click on play button on each video to watch it.
That is good that get an accounting software for free in U.A.E, as the most software have high cost in this country!. but is a free software really useful ? actually no. sometime maybe it has advertisement or hidden charge or some key feature is locked.
Disadvantage of free accounting software
At the first looking, it is very nice to use an accounting software for free. You searched internet and found a free accounting software. so that, you will download it and install
it. Oh, it works really!.
But what is behind the scenes ?
Designing a software like accounting will takes minimum 2 years to be ready to use in accounts departments. however, why a free software is found?
It could have two main reasons:
1- it is a cracked software by hackers
2- it is not really free and after a period of using will be locked!
if it is a cracked software, so it will distribute viruses and Trojans in your computer and maybe it steals your important information as bank accounts, password, .. and send it
to hackers.
if it is not really free accounting software, so after a period of using like after record 50 vouchers, it will locked you and force you to pay for it! then because you
financial data is important, you will pay any amount for it and not other option!.
Therefore, please keep your financial in safe place and only use registered accounting software.
Advantage of registered accounting software
iGreen accounting software with smart updates
When you pay for a software to use it in your accounts department, so that you will never be worry about problems and bugs in future. there is a company that supports you
and follows your problems up. and also your will receive new versions of this accounting software on-time
– Supports for problems and bugs
– On-time updates of new versions
– Never you get locked in financial reports
– No virus, no problems
– Respect to self !
Example of Registered software
When you buy and register a copy of iGreen accounting software, it will get updates in a new smart way and you will have an up-to-dated software for your financial department in your company in UAE
Also programming team of iGreen software will support you by walk-in and check your computer in-person to run your accounting in the best way without harassment.
For any business and shop in United Arab Emirates, a valid and legal vat report is a very important challenge to avoid VAT penalties of DED. in Dubai, any sales invoice will charges with 5% tax. but this tax is free for tourists and refundable in airport at departure time. so it is a must for tourists to keep their invoices to get back paid tax in airport.
VAT rules and laws in United Arab Emirates
Any business in United Arab Emirates and Dubai to prepare VAT return declaration, must follow rules of Federal Tax Authority in Dubai (FTA).
VAT Reports
To prepare vat return, it is needs to declare 5% of all invoices in a single form, but doing in by hands takes long times and possible with mistakes. by vat software it is better and in a fast time without mistakes. but we in iGreen team,use our accounting software because it is under our control and anytime, it needs a modules, we will design and programmed it into iGreen accounting software.
we offer also accounting services as auditing, report control, stock management, trial balancing, Debit and credit checking (A/P and A/R), and data enter in Dubai. if you are so business to managing your financial department. so only assign this responsibility to us. we will setup and adjust an accounting system includes hardware and software and then we will run it with the best data operators.
so you can get final results and report from your accounting department.
Clothing stores in Dubai are available in any street, from Deira to Sheikh Zayed road and Dubai Marina district. purchase and sales in these stores should control by a inventory software to have a clear stock report. by hand it, it is not possible to trace an item on-time and easily. When you use iGreen software for inventory application in your business, it keeps any in-out of cloths without any mistakes or forgotten!.
How to use iGreen for clothing stores
By follow up steps as below, iGreen software is of the best pc software to help you manage your shops.
Count inventory stock
Create list of clothes and other items by brands, color, name, model, design, genre and a barcode
Enter stock inventory in iGreen software
Print list of bar-codes on label printer and stick them on clothes
Enter purchases and issue invoices by barcode scanner
Note: Profit and loss of trading will be calculated instantly by iGreen software . you can check report of sales incoming in Reports/ Profit & sales in software.
Video of item coding and purchase entry
In this video you can see how to add item codes and how to post purchase vouchers in iGreen software
In accounting and auditing systems, the term of SOA is abbreviation of statement of account, the statement of account (SOA). SOA is a required report that provides an overview of the turn over of Clients accounts. However, it is considered one of the most important reports in accounting. It is a much-needed report for small businesses and it is used for receivables and payables settlement. Conversely, in medium to large businesses in the GCC, statements in the ledger are more important to general managers and accountants. This report provides an overview of accounts and enables better management and analysis of financial data.
Sample: SOA in iGreen software
To access the Statement of Account (SOA) in iGreen accounting software, simply navigate to the home screen and click on the [Statement of Account] button located in the right corner. It is a quick and easy process that can be completed in just a few clicks.
In this photograph, we are presented with the location of the SOA button in the home screen of the iGreen accounting software. As we can observe, the SOA button is located in the top right corner of the screen, adjacent to the “Settings” button. This placement is consistent with standard software design principles, as it allows for easy access to the SOA functionality without obstructing the user’s view of the main screen.
In this report, we present an analysis of the chart of accounts (COA) and its ability to display the turnover of selected accounts. By selecting a specific account and a range of dates, users can easily view the turnover of the account during the selected time period. Additionally, the report allows for the conversion of debit and credit amounts to a selected currency, providing users with a comprehensive view of their financial data. The COA serves as a valuable tool for businesses to track their financial performance and make informed decisions based on their financial data. Overall, this report highlights the importance of utilizing the SOA to gain insights into financial performance and make informed business decisions.
Statement of Accounts in iGreen accounting
Example
In this example, you will see a statement of account for We have received a payment of 47.25$ from a sales from cash customer. In order to control the statement of cash customer, I have selected the account of cash customer. The report for the selected account is as follows:
Multi currencies report
The list of transactions shows that the account of a cash customer has both an invoice and a cash payment. The original amounts were in USD, but they are now displayed in AED currency as follows:
In yellow box, you can select your desired currency by click on it.
After select currency of AED, statement account will be as:
Conversion rate for one US Dollar is to 3.68 Emirates Dirham.
IMEI number is very important for all mobile and smart phones. because for each mobile or smart phones there is one and unique IMEI number. so that, you could not find two mobile devices with same IMEI number.
However by using imei number in billing software in mobile stores, we can trace and a perfect report of invoices without any mistakes. so if an imei number entered twice in purchase vouchers, it will shows us that a mistake has been happen.
imei scanning to trace transaction history of mobile devices
in iGreen software also we have a perfect focus on using IMEI number to record purchases and invoices to get accurate reports of sales profit.
At sales time, when you are entering items of invoices, this is very useful to see purchase prices of items quickly without exit of invoice. and this is possible in iGreen accounting.
How to see purchase price of item
Inside invoice form, left side of item rows, you can see a button as below:
if you click on it, it will show you purchase prices and beginning prices of selected item quickly
iGreen software has an automatic updater module with a very easy updating process. every time you run this icon of iGreen software, it will check and message you if any new version is available to update the software.
How to update software of iGreen accounting
To get the latest update on the software of iGreen accounting, you should run the “iGreen Updater” icon. so that, first of all, if your PC is connected to the internet, this software will check the latest version of iGreen accounting software on its official server. and then compares it with the installed software of iGreen on your PC. If the installed version of iGreen software is older than the available update in the server, it will be downloaded and installed with one click only and after the update is done, then it will run iGreen accounting software.
Updater software for iGreen accounting
When you see form of iGreen updater, If it shows you an available version of iGreen accounting, please click on [Start Update iGreen accounting] to get the latest version of iGreen software,.
Note: after finished update, it will run iGreen accounting automated and no need to restart your windows or PC.
In any shoes shop, prices of Purchasing items and sales are different. and even sales price of a model of a shoe maybe different from invoice to invoice. So that, what is the solution to calculate accurately profit of sales ?. Maybe some accountant suggestion you average prices of sales. but in Average prices method, result is not accurate specially you purchase a model of shoes in big different prices.
Maybe sometimes you buy a model from a regular supplier but one time you buy same model from a clearance in a cheap prices. so that average method for calculate profit of sales will be worst way for income report.
Other way is FIFO and LIFO method. but this method is only useful for big size warehouses and not suitable for small businesses like shoes shop. because fifo and lifo method need unique serial number for each items from entrance to exit time.
The best way is calculate sales profit of each row of invoices one by one and track any items from time of purchase to time of sales same method as iGreen accounting is using it.
You learn more about how iGreen accounting use this method please click on below link:
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