FirstBIT Accounting Updates
First BIT to hold free training course for FirstBIT AccountingFree Training course
VAT & Financial Accounting in FirstBIT Accounting
FirstBIT Accounting Updates
First BIT is pleased to announce the release of its new add-on modules –Deferred Expense & Deferred Revenue.First BIT is pleased to announce the release of its new add-on modules –Deferred Expense & Deferred Revenue
Practice
Tracking serial numbers is easy!
VAT made simple
How to calculate correct VAT amount in foreign currency?Calculations in foreign currency are often used by companies across the UAE. This article describes how to calculate correct VAT for such operations.
Let us consider the following situations:
1. Full post-payment
2. Full prepayment
3. Partial prepayment: case 1
4. Partial prepayment: case 2
News and announcements
FirstBIT Accounting Software Achieves the UAE Federal Tax Authority (FTA) AccreditationFirstBIT Accounting has been approved as a provider of the VAT-compliant accounting software by the Federal Tax Authority.
VAT made simple
How to determine the correct exchange rate for VAT calculationYou may use other exchange rates on deals with suppliers and customers!
VAT made simple
How to avoid VAT penalty?On October 2, 2017 UAE Council of Ministers adopted Cabinet Resolution No. (40). - resolution on administrative penalties for violations of VAT law in the UAE. This article analyses the most common mistakes which may cause penalties.
FirstBIT Accounting Updates
Aster Aviation Services Submits Tax Return Under the New UAE Law with FirstBIT AccountingLear how FirstBIT Accounting helped Aster Aviation complete first VAT Return
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