VAT accounting software for UAE companies
iQ Books keeps your books from the invoices, receipts and bills you already make in iQ ERP, and works out the VAT 201 return box by box, with the documents behind every figure.
Accounting that follows your documents
For many UAE companies the VAT return is a quarterly scramble: exporting invoices, re-keying supplier bills and hoping the totals match the bank. Every manual step is another chance for a figure to land in the wrong box.
iQ Books records each sale, receipt, expense and payout from the document that created it, so nobody types an entry twice. Output VAT comes from your invoices, input VAT from your supplier bills and expenses, and each box of the return opens the documents behind it. If your day-to-day runs on another system, iQ Books standalone keeps the books on their own.
What finance teams get
The VAT 201 return
Worked out box by box from your own entries, with the documents behind every figure.
Financial statements
Profit and loss, balance sheet, cash flow and trial balance, always up to date.
Bank and cash
Bank and cash balances, transfers between accounts, and bank statement matching.
Who owes what
What customers, tenants and suppliers owe, with ageing.
Fixed assets
An asset register with monthly depreciation.
Your accountant's own sign-in
Give your external accountant access without sharing your password.
More than one company
Another company's ledger is an add-on, with consolidation from the second company.
Property figures
Landlord statements and profitability by building for property companies.
iQ Books screens in iQ ERP
From document to VAT return
- 1
Make the document
Raise the invoice, record the receipt or enter the supplier bill as usual.
- 2
The entry is made
iQ Books records it from the same document. Nobody types it again.
- 3
Review the return
Open any box of the VAT 201 return to see the documents behind it.
- 4
Submit as usual
Submit the return to the FTA with figures you can trace back.
Made for UAE VAT
- VAT categories: standard, zero-rated, exempt and out of scope
- Input VAT from supplier bills and paid expenses kept for the return
- Post-dated cheques stay cheques until their date, then move to the bank
- Landlord statements and profitability by building for property companies
Sized to your business
iQ Books plans follow the size of your Real Estate or Business Works plan, and iQ Books standalone is there if you run another system. Prices are in UAE dirhams, for the period shown.
FromAED 6,400 /year
- SmallAED 6,400/year
- MediumAED 8,600/year
- LargeAED 11,100/year
- EnterpriseAED 14,000/year
Questions about iQ Books
Does iQ Books submit the VAT return to the FTA?
No. iQ Books works out each box of the VAT 201 return and shows the documents behind it. You submit the return to the FTA as usual.
Can my external accountant use it?
Yes. Your accountant gets their own sign-in, so you never share a password.
Do I need Real Estate or Business Works to use iQ Books?
No. iQ Books standalone is for companies whose day-to-day runs on another system. With Real Estate or Business Works, the books are kept from their documents automatically.
Can I see where a VAT figure comes from?
Yes. Every box of the return opens the invoices, bills and expenses behind it.
Can I keep the books of more than one company?
Yes. Each extra company's ledger is an add-on, and consolidation is included from the second company.
More from iQ ERP
See your VAT return built from your own documents
Start a free trial in a few minutes, or book an appointment and we'll go through iQ Books with you and your accountant.