Accounting, UAE VAT and Fixed assets
The core of NEP ERP: an IFRS general ledger that every other app posts into, with UAE VAT and fixed assets built on top.
Key workflows
- Create a journal entry as draft, post it, or reverse it. Posted entries are never edited.
- Lock monthly periods and close the fiscal year.
- Run the trial balance, general ledger, statement of financial position and profit or loss with OCI (IAS 1).
- Prepare the VAT201 return by emirate and settle VAT in one click.
- Run monthly depreciation, then impair, transfer, revalue or dispose of an asset.
What it posts to the ledger
- Every app posts its documents here automatically, so there is one set of numbers.
- VAT lines are created automatically from the VAT code (SR 5%, ZR, EX, RC, IM, OS).
- Depreciation and disposal gain or loss post to the ledger, with a register-to-ledger check.
Modules in this group
Accounting
IFRS chart of 137 accounts, journals, period locking, trial balance and IAS 1 statements.
UAE VAT
SR, ZR, EX, RC, IM and OS codes, automatic VAT lines and the FTA VAT201 return.
Fixed assets
Depreciation, impairment, revaluation and disposal under IAS 16 and IAS 36.
Related modules
Sales, CRM, Contacts and E-signature
Purchasing, Inventory and Material requests
Approvals, Backup and platform control
Descriptions state product capabilities only. They are not legal, tax or accounting advice. Confirm your configuration with your tax adviser.
See NEP ERP on your own numbers.
Tell us about your business and the modules you need. We will arrange a demonstration.