Imports are yours to add
Goods imported into the UAE and reverse-charge purchases aren't recorded in Posific's VAT figures; add them on the FTA portal when you file.
Industries · General trading
Counter sales, account sales, one set of books.
A trading company sells over the counter and on account, buys in bulk, writes cheques and lives by its statements. Posific keeps every side of that in one set of books, so the VAT return and the accountant pack are never a separate project.
TAX INVOICE INV-40218SAMPLE GENERAL TRADING LLC
- 120 × PACKING TAPE684.00
- 40 × STRETCH FILM1,520.00
- TOTAL INCL. VATAED 2,204.00
- VAT 5% INCLUDED104.95
- TERMSON ACCOUNT · 30 DAYS
- COMPANY DETAILSON INVOICE
Sample invoice
A day behind the counter
From the opening float to the cash-up.
- 08:30
Orders out
Purchase orders from reorder suggestions, received into stock and the books when goods arrive.
How it works - 10:00
A quotation for a client
Printed on A4 with your company details, followed up and converted when they agree.
How it works - 12:15
Walk-in and account sales
Cash customers at the counter, account customers with A4 tax invoices, in the same till.
How it works - 15:00
Cheques in, cheques out
Every cheque received or written, with its date and bank, followed until it clears.
How it works - 18:00
Statements and payables
Customer statements by age, supplier bills by due date, payments recorded against both.
How it works - Quarter end
VAT and the accountant
VAT 201 figures from the books and an accountant pack of CSV files.
How it works
What matters here
The parts of Posific that matter here.
VAT
A4 tax invoices
With your company details, the customer's name and the VAT shown.
Credit accountsAccount customers
Credit sales, ageing, statements and payments that settle the oldest invoices first.
BuyingBuying & payables
Purchase orders, supplier bills, payables by age and supplier ledgers.
PaymentsCheques
Received and written, followed until cleared, bounces reversed on the account.
BooksThe books
Double-entry postings from every document, profit and loss, balance sheet, trial balance.
RolesRoles & locations
Sales staff, managers and accountants each with the access their job needs.
Honest print
Good to know.
FAQ
Questions, answered.
Can we sell both over the counter and on account?
Yes. The same till handles walk-in sales and account sales, with A4 tax invoices for business customers.
Can the accountant get everything at quarter end?
Yes. The accountant pack exports the statements and registers as CSV files that open in Excel, alongside the VAT 201 figures.
Can we track supplier cheques?
Yes. Cheques you write are kept in the same register as the ones you receive, until they clear.
Related
Other shops, other days.
Total · your day, done
Ring up your first sale today.
Creating an account is free. Set up your products and see a sale travel from the till to the books.