Practical guides to e-invoicing, VAT and bookkeeping across the Middle East — written for the people who actually issue the invoices and file the returns.
Page 2 of 3
A weighted-average cost is not a number Fatouraty stores and looks up. It is recomputed from a running total quantity and a running total value, on purpose — because a stored rate rounds twice, and the second rounding is the one that quietly breaks a balance sheet.
Read the article"Auto-matched" sounds like AI. It is closer to arithmetic: an exact amount, a five-day window, and exactly one candidate — or the line waits for you. Here is precisely what that means against a real statement.
Read the articleFatouraty does not look up an exchange rate on your behalf. You enter one on the invoice, optionally another at settlement, and a third at period-end revaluation — three different moments, and three different ways FX gain or loss can show up.
Read the articleThe most common way to get UAE corporate tax wrong is to multiply net profit by 9%. It is wrong in both directions: it overstates the charge for a business near the threshold, and understates the work for one well past it.
Read the articleA chart of accounts is not a list of names. It is the shape every financial statement and every tax return you will ever produce has to take. The account missing today shows up a year later as a box on a return nobody knows how to fill.
Read the articleEvery other regime in the region hands you an XML document to sign with a certificate your server can hold. Egypt hands you a JSON document and requires a signature your server structurally cannot produce alone.
Read the articleReal double-entry accounting and compliant e-invoicing, in Arabic and English.
Start free