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Muscat: Zoho, a global information technology company that offers the most comprehensive suite of 45+ business applications that includes CRM, business email and help desk has launched its VAT-compliant accounting software, Zoho Books in the region. As businesses in the Sultanate of Oman prepare for the implementation of VAT, Zoho Books helps them seamlessly transition to the new tax law and ensure VAT compliance.
Having helped tens of thousands of businesses in the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), and Bahrain easily transition to VAT with country-specific editions, Zoho Books is now offering its expertise to businesses in Oman to help with their accounting and VAT filing needs. The software has also been accredited by the Federal Tax Authority in the UAE and General Authority of Zakat and Tax in KSA.
Hyther Nizam, President MEA, Zoho Corp, said, "With our experience that we gained from bringing out tax-specific editions in UAE, KSA and Bahrain, we've built Zoho Books to provide a complete accounting solution for Omani business owners. Zoho Books, with its in-built features can help businesses create VAT-compliant transactions, record and file VAT returns with ease. It is also a great opportunity for businesses to transform their current business processes and adopt digitalization and automation of business finances."
Key Benefits of the Oman edition of Zoho Books
- Bilingual support: The Zoho Books user interface is available in both English and Arabic, allowing users to create transactions, run reports and export their data in both the languages. Zoho also provides customer support in English and Arabic.
- Local payment method support: Businesses can offer their customers the convenience of paying through Omannet by connecting their PayTabs account to Zoho Books.
- Automated end-to-end VAT compliance: Businesses can send customized, transaction documents like tax invoices, self-billed invoices, bills, credit notes and debit notes that are automatically compliant with the VAT regulations. Record and track reverse-charge transactions. At the time of filing VAT returns, businesses can use the VAT Return Summary report to enter the necessary data in the government portal.
- Easy application of VAT rates: Zoho Books helps businesses categorize their customers and vendors into VAT registered, non-VAT registered, and non-GCC entities. This makes it easy to identify the appropriate VAT rate for each transaction based on the registration status and the place of supply.
- Collaboration made easy: Zoho Books offers both supplier portal and client portal, so that businesses can streamline collaboration by allowing their vendors and customers to track their relevant transactions like purchase orders, invoices and payments from a single place.
- Advanced business analytics:Businesses can create custom dashboards and interactive cross-functional reports with their sales, financial and operational data to gain quick insights for faster decision-making.
- Secure financial data: Zoho does not allow any third-party trackers to monitor usage behaviour and never sells any data to ad-based companies. Because Zoho owns and has built its entire technology stack, the company is able to offer the most secure experience to its users without any compromise on data privacy. Users have the assurance that their data is confidential and protected, and only they maintain its ownership.
Zoho Books is also part of Zoho One, the operating system for businesses that is designed to run an entire organization—from finance and HR, sales and marketing, operations and business intelligence, and more—all on a unified technology platform. Zoho One breaks down departmental silos and helps drive smarter decision-making. It can be customized with powerful service options and it grows to fit all business needs and goals, leading to shorter time-to-value and overall success.
Pricing and Availability
The pricing of Zoho Books starts at $9 per organization, per month, and is available for use immediately.
For more details, please visit https://www.zoho.com/om/books/pricing/
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About Zoho
With 45+ apps in nearly every major business category, including sales, marketing, customer support, accounting and back office operations, and an array of productivity and collaboration tools, Zoho Corporation is one of the world's most prolific software companies. Zoho is privately held and profitable with more than 9,000 employees. Zoho is headquartered in Austin, Texas with international headquarters in Chennai, India. Additional offices are in the United Arab Emirates, United States, India, Japan, China, Singapore, Mexico, Australia, and the Netherlands. Zoho respects user privacy and does not have an ad-revenue model in any part of its business, including its free products. More than 60 million users around the world, across hundreds of thousands of companies, rely on Zoho every day to run their businesses, including Zoho itself. For more information, please visit www.zoho.com.
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