Aqid ERPThe IFRS for SMEs set
Profit and loss, balance sheet, cash flow (direct and indirect) and the statement of changes in equity, each checked against the others.
Year-end
The year-end statements your tax return starts from
Profit and loss, balance sheet, cash flow and changes in equity, kept as you work, for you or your adviser to prepare the return from.
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What you get
The UAE corporate tax estimate
From the period's profit: exempt income out, non-deductible expenses and half of entertainment back in, then 0 percent to AED 375,000 and 9 percent above.
Small Business Relief, recorded
Elect the relief per tax period. It is refused for a qualifying free zone person, a multinational group member, or after a year over AED 3 million.
A closed year stays closed
The year-end close moves the profit into retained earnings and locks the period; later corrections post to the open year.
Your adviser in the same books
Invite your accountant or tax adviser with their own sign-in, or let their firm work in your company from the accountant console.
Questions
Does Aqid ERP file my corporate tax or Zakat return?
No. It produces the statements and, for the UAE, an estimate of the tax; you or your adviser file on the authority's portal.
Which statements does it produce?
Profit and loss, balance sheet, cash flow by the direct and indirect methods, and the statement of changes in equity, for any period, in Arabic and English.
Is Zakat computed?
Not yet. The balance sheet and profit carry what the Zakat base is built from, but Aqid ERP does not compute the base or the Zakat due.