Accounting & Finance

Your books update themselves — file VAT in hours, not days

Every time you buy, sell, receive goods, or get paid, the right accounting entries create themselves. When VAT season comes, your return is already pre-filled from real transactions. Stop chasing spreadsheets and start trusting your numbers.

Near Zero
Manual Entries
14
Ready Reports
Pre-Filled
VAT Filing
Real-Time
Books Accuracy
Key Features

What you can do

A detailed look at the capabilities included in this module.

Chart of Accounts

  • Hierarchical Structure
    Build a multi-level chart of accounts that mirrors your business structure with unlimited parent-child nesting.
  • Five Account Types
    Asset, Liability, Equity, Revenue, and Expense account types with appropriate debit/credit normal-balance behavior.

Double-Entry General Ledger

  • Automated Journal Entries
    Journal entries are created automatically from GRNs, delivery notes, invoices, bills, payments, and bank transactions.
  • Manual Journal Entries
    Record adjusting, closing, and ad-hoc entries manually with multi-line debit/credit allocation.
  • Void with Reversal
    Voiding a posted journal entry creates an equal and opposite reversal entry — the original is preserved for audit.

Fiscal Year & Period Management

  • Period Control
    Open and close accounting periods to control when transactions can be posted — closed periods prevent accidental entries.
  • Reopen Capability
    Authorized users can reopen a closed period for corrections, with full audit logging of the action.

Dimensions

  • Cost Centers
    Tag journal entry lines with cost centers for departmental P&L reporting and budget tracking.
  • Projects
    Assign transactions to projects for project-level profitability analysis and cost accumulation.

Accounts Receivable

  • Customer Invoices
    Track outstanding customer invoices with due dates, aging buckets, and payment status.
  • Payment Recording
    Record full and partial payments against invoices with automatic balance updates and payment history.
  • Credit Notes
    Issue credit notes against invoices for returns or adjustments with automatic GL and AR impact.

Accounts Payable

  • Supplier Bills
    Track outstanding supplier bills with due dates, aging analysis, and three-way matching status.
  • Payment Processing
    Record full and partial bill payments with automatic balance updates and cash-flow impact.
  • Debit Notes
    Issue debit notes against supplier bills for returns, short deliveries, or price disputes.

Banking

  • Bank Accounts
    Manage multiple bank accounts with running balance tracking and account-level reporting.
  • Bank Transactions
    Record deposits, withdrawals, charges, and interest with automatic GL posting.
  • Inter-Account Transfers
    Transfer funds between bank accounts with automatic dual-sided journal entries.
  • Bank Reconciliation
    Match bank statement lines to system transactions for accurate reconciliation and discrepancy identification.

Tax Management

  • UAE VAT 201 Support
    Built-in support for UAE VAT Return Form 201 with the correct box mapping for standard, zero-rated, and exempt supplies.
  • Auto-Populated Returns
    VAT return figures are automatically calculated from posted transactions — review and file with confidence.

Financial Reports

  • 14 Financial Reports
    Comprehensive reporting suite including Trial Balance, Balance Sheet, Income Statement, AR/AP Aging, General Ledger, Cash Book, VAT Return, and more.

What OpsmatiQ automates

These happen automatically — no manual intervention needed.

  • Buy, sell, or receive goods and the accounting entries create themselves — no manual posting.
  • Your VAT return is pre-filled from real transactions — review and file in hours, not days.
  • Closed periods prevent accidental entries — your finalized numbers stay safe.
  • Account balances update in real time so you always know where you stand.
  • Every entry is numbered and tracked — your auditor will thank you.

Connected to other modules

Data flows seamlessly between modules — no manual handoffs.

  • Purchasing GRNs and bills automatically generate inventory, payable, and expense journal entries.
  • Sales delivery notes and invoices automatically generate COGS, revenue, and receivable journal entries.
  • Inventory movements post real-time valuation updates to the inventory GL accounts.
  • Identity & Access controls which users can post, void, and approve journal entries and manage fiscal periods.
  • Catalog provides the three-level GL account fallback used by all source-document postings.

Related modules

These modules work closely together to power your business workflows.

Purchasing

Order from suppliers and track every dirham. Catch billing errors automatically.

Learn more

Sales

Quote, sell, ship, and invoice — without re-entering data.

Learn more

See Accounting & Finance in action

Book a personalized demo to explore this module with your own data.

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