UAE VAT and tax reports
Odoo's UAE localisation provides a UAE chart of accounts, UAE VAT taxes and a VAT report. Neurula Technologies maps them to your business and tests figures against your Federal Tax Authority (FTA) return.
Official Odoo partner · Abu Dhabi, UAE
Odoo Accounting Software for UAE Businesses
Neurula Technologies implements Odoo Accounting for UAE companies: UAE chart of accounts and VAT, preparation for e-invoicing, bank reconciliation, multi-currency and multi-company groups, with sales, purchasing, inventory and payroll posting their entries automatically.
At a glance
Neurula Technologies is an official Odoo partner headquartered in Abu Dhabi, UAE. It implements Odoo Accounting for UAE businesses and groups, with UAE VAT configured, books structured for corporate tax and data prepared for the UAE e-invoicing mandate.
In Odoo, invoices, bills, stock movements and payroll all create their own journal entries, so the accounts team reviews and reconciles instead of re-keying transactions from other systems.
Odoo Accounting
How accounting works in Odoo
Odoo Accounting covers day-to-day bookkeeping through to group reporting. These are the parts Neurula Technologies configures for most UAE companies.
Invoices, bills and payments
Customer invoices in Arabic and English with your TRN, supplier bills captured from email or scanned with OCR (an Enterprise feature that uses Odoo credits), approvals, payment follow-ups and online payment links.
Bank reconciliation
Import bank statements, or connect bank feeds where your bank is supported, and reconcile with matching rules that learn from past transactions.
Multi-currency and multi-company
Trade in AED, USD, EUR and other currencies with automatic exchange rates, and run mainland and free-zone entities in one database with inter-company transactions.
Analytic accounting and budgets
Track income and cost by project, branch, department or cost centre, and compare actuals with budgets.
Assets, deferrals and closing
Fixed asset depreciation, deferred revenue and expenses, accruals, lock dates and a month-end closing checklist.
How it is done in Odoo
A month in Odoo Accounting
This is how the accounts team's month typically runs once Odoo Accounting is live.
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Transactions post themselves
Sales invoices, supplier bills, stock valuation, expenses and payroll create journal entries as each team works.
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Reconcile
Bank statements are matched to invoices and payments using reconciliation rules, and exceptions are reviewed in one screen.
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Close the month
Depreciation, deferrals and accruals run on schedule, the period is locked, and management reports update.
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File VAT
The UAE VAT report is generated from posted entries and checked before you file with the FTA.
Benefits of integrated software
Why run accounting inside an integrated system
Standalone accounting software depends on other teams sending it numbers. In Odoo, the operations that create the numbers are in the same system.
- Sales & purchases
- Inventory & payroll
- Journal entries
- Bank reconciliation
- VAT report
- Management reports
No re-keying
Invoices come from sales orders, bills from purchase orders and receipts, and payroll entries from payslips, so the accounts team stops typing what other teams already entered.
Stock and cost in the books
Inventory valuation updates with every receipt and delivery, including landed costs on imports.
Faster month-end
Because subledgers and the general ledger are the same data, there is nothing to reconcile between systems before closing.
Drill down to the source
Any figure in the profit and loss opens the journal entry, and from there the invoice, order or delivery that created it.
Integrated vs standalone
Standalone accounting software vs Odoo Accounting
| What changes | Standalone accounting software | Odoo Accounting, integrated |
|---|---|---|
| Sales invoices | Typed in or imported from another system | Created from sales orders and deliveries |
| Inventory value | Adjusted manually at month end | Updated with every stock movement |
| Payroll | Journal posted by hand | Payslips post entries automatically |
| Project and branch profit | Built in spreadsheets | Analytic accounts on every transaction |
| Audit trail | Stops at the journal | From the report down to the source document |
Set up for the UAE
Odoo Accounting configured for UAE businesses
UAE VAT
UAE VAT taxes, reverse charge on imports of services and the VAT return report, set up and tested against your FTA filing.
E-invoicing readiness
Clean TRNs, tax codes and product data, and a connection from Odoo to the accredited service provider you appoint for PINT AE e-invoicing. Neurula Technologies is not an accredited service provider. See the UAE e-invoicing timeline.
Corporate tax-ready books
A chart of accounts and analytic structure that separate the figures your tax adviser needs for UAE corporate tax, including free-zone and mainland entities.
How we work
How Neurula Technologies implements Odoo Accounting
Every project starts with a discovery workshop, and you receive a fixed-scope proposal before any configuration begins.
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Discovery workshop
We map how your team handles accounting today, the documents and reports you rely on, and the other systems involved, then confirm what Odoo covers as standard.
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Configure and migrate
We configure the app and the Odoo apps it connects to, import your existing records, and build agreed customisations, reports and integrations.
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Train and test
Your key users test real scenarios in a copy of the system, and we train each team on the workflows they will use, in English or Arabic.
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Go-live and support
We support the switch-over with your team, then continue under a support agreement with new features, upgrades and health checks.
FAQ
Odoo Accounting: frequently asked questions
Is Odoo Accounting suitable for UAE companies?
Yes. Odoo's UAE localisation includes a UAE chart of accounts, UAE VAT taxes and a VAT report, and Odoo prints Arabic and English invoices. Neurula Technologies configures it for your business and tests VAT figures against your FTA return before go-live.
Can Odoo file our VAT return?
Odoo produces the UAE VAT report from your posted entries. You or your tax agent then submit the return on the FTA portal, using the figures from Odoo.
Is Odoo ready for UAE e-invoicing?
UAE e-invoices are exchanged through a Ministry of Finance accredited service provider using the PINT AE standard on the Peppol network. Neurula Technologies prepares your Odoo data and connects Odoo to the provider you appoint, and tests the exchange before your deadline.
Is Odoo Accounting free?
Odoo Community includes Invoicing. Full accounting, including bank reconciliation, financial reports, assets, budgets and the localisation reports, is part of Odoo Enterprise.
Can we migrate from Tally, QuickBooks or Zoho Books?
Yes. Neurula Technologies migrates the chart of accounts, opening balances, customers, suppliers, open invoices and bills, and reconciles balances with you before go-live.
Can Odoo handle several companies in our group?
Yes. One Odoo database can hold multiple companies, such as mainland and free-zone entities, each with its own books and VAT settings, plus inter-company transactions and consolidated reporting.
One system for the whole business
Other business software Neurula Technologies delivers on Odoo
Each of these runs in the same Odoo database as accounting, so you can start with one app and add the next without a new integration. See the full Odoo ERP implementation service.
Start your Odoo Accounting project
Request an Odoo Accounting proposal
Tell Neurula Technologies how your team handles accounting today and what you need from Odoo. An Odoo consultant replies within 24 hours to arrange a discovery call or a visit to your site.
- Email: admin@neurulatechnologies.com
- Phone and WhatsApp: +971 55 892 1855
- Office: Abu Dhabi, United Arab Emirates