Designed to help businesses in Bahrain automate accounting, invoicing, and back office operations while complying with the VAT regulation
Dubai, UAE, November 13, 2018: Zoho, the leading information technology and business management software conglomerate, has launched Zoho Books, its cloud accounting software for automating business finances and helping businesses stay Value Added Tax (VAT) compliant. As businesses in Kingdom of Bahrain prepare for the VAT implementation, Zoho Books makes it easy for them to seamlessly migrate to the new tax law and stay compliant in all aspects of their business.
With the experience gained from bringing out exclusive tax-specific editions for the United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA), Zoho Books is ready to extend the same opportunity to the Kingdom of Bahrain and help thousands of business owners with their accounting and tax filing needs. Having dealt with the VAT implementation in UAE and KSA, Zoho Books is well-equipped and experienced to guide businesses in Bahrain now.
Commenting on the product, Mr. Prashant Ganti, Head of Product Management, Global Tax, Accounting and Payroll Solutions at Zoho Corp, said, “With the implementation of VAT in the Kingdom of Bahrain, Zoho Books would be the perfect solution for businesses looking to adopt VAT into their day-to-day transactions. Zoho Books will provide a complete solution for business owners looking for an accounting software that can create transactions and use in-built features to record and file VAT returns with ease. It is also a great opportunity for businesses to transform their business processes and adopt digitalization and automation of business finances,'
'There have been many tax reforms in the recent past: introduction of GST in India, MTD in the UK, VAT in UAE and KSA to name a few. Zoho Books has stood by the business owners throughout these changes to help them transition smoothly to the new tax law and stay compliant. The software has also been accredited by the Federal Tax Authority in the UAE and General Authority of Zakat and Tax in KSA,' he added.
Zoho Books comes pre-integrated with Zoho Finance Plus, a unified suite of finance apps that businesses can use to run their back-office operations. Zoho Finance Plus is uniquely positioned to deliver flexible, scalable and secure applications with the depth and breadth to cover the needs of growing businesses.
Starting with the core applications for accounting, invoicing, and expense management, the Zoho Finance Plus suite also prepares businesses for the subscription economy by offering applications to manage subscription-driven, recurring revenue streams. It even equips companies to fulfill multi-channel online sales orders with a single inventory model.
Zoho Books is committed to helping businesses migrate to the new VAT law effortlessly. Along with increasing its partner base in the region, Zoho will be conducting several workshops to increase awareness about VAT and its impact on Bahraini businesses.