Accounting & VAT
Books that write themselves from your documents, and stand up to an audit
Every invoice, return, goods receipt and shift in Direct ERP posts an entry to the general ledger, to the halala, with its branch and date. Financial statements and the VAT return are read from those same entries, and a posted entry is never edited — it is corrected by a reversing entry.
The ledger and sub-ledgers
Saudi chart of accounts
A ready chart you can adjust, cost centres on entries, fiscal periods locked and reopened by permission, and year-end closing.
Customers and suppliers
Receivables and payables by open item, ageing, a statement of account as PDF, and credit limits read from the ledger itself.
Vouchers and treasury
Receipt and payment vouchers that post and settle invoices, bank accounts with IBAN, and cash accounts per branch.
Bank reconciliation
Import the bank statement and match its lines with entries; a difference is a voucher, never an edit.
Manual entries
A draft that is reviewed, then posted and frozen; no manual entry on a control account.
Opening balances
Opening accounts, receivables, payables and stock from Excel/CSV files with a preview, once, before the first document.
Fixed assets and depreciation
A fixed-asset register with cost and useful life, monthly straight-line depreciation that posts on its own (the first month by its days), and disposal with its entry and its gain or loss.
- Land is not depreciated
- A locked period stops depreciation and says why
- A zakat-base estimate report from the ledger, as a reference for the accountant
Statements and VAT
Financial statements
Trial balance, comparative income statement, balance sheet, cash flow, ageing and party statement — CSV export, and the party statement as PDF.
The VAT return
Boxes from the VAT codes on entries as the invoice engine computed them, filed once with a settlement entry; a filed return is never edited.
Not registered for VAT
Input VAT goes into cost and is not recovered, and there is no return for days the business was not registered.
For the external accountant
A read-only «external accountant» role, and an audit log of every write in the system.
Your accountant will like this
Entries always balance to the halala; every document knows its entry and every entry knows its document.
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