Accounting and VAT software for Abu Dhabi
Abu Dhabi business is disproportionately contracting, and contracting to large institutional customers at that. Progress bills certified in stages, retention held for a year, payment cycles measured in months, and a supplier registration process that expects your paperwork to be exact.
| Element | Amount AED |
|---|---|
| Work done to date | 2,840,000.00 |
| Less: previously certified | 2,180,000.00 |
| This certificate | 660,000.00 |
| Less: retention 5% | -33,000.00 |
What Abu Dhabi businesses use it for
Progress billing in stages
Cumulative work done, previously certified and this certificate — the shape an institutional client actually certifies against.
Retention held and released
Deducted on certification and tracked as a receivable until it falls due, rather than remembered a year late.
Project-wise costing
Material, labour, subcontractors and plant tagged to the project, so profitability per job is a filter rather than a reconstruction.
VAT on the certified amount
Tax accounted on the value certified, with retention handled so the return is right in the period it belongs to.
Subcontractor accounts
Work orders, running bills, advances and retention per subcontractor, each landing against the right project.
Long payment cycles
Ageing on the terms actually agreed, which for institutional customers is the only honest way to read the cash position.
Questions from Abu Dhabi businesses
Does tBiz handle progress billing and retention?
Yes. A progress bill shows cumulative work done, previously certified and the amount for this certificate, with retention deducted and tracked as a receivable until it becomes due — so it stays visible rather than being written off mentally.
How is VAT accounted on a certified progress bill?
On the value certified for that bill, in the period the tax point falls. Retention is handled so the return reflects the right amount in the right quarter rather than needing a correction later.
Can I see profit per project?
Yes. Each project is a cost centre and material, labour, subcontractor bills and plant hire all carry it, so project profitability is a filter on the same postings.
Can I run Abu Dhabi and Dubai entities in one account?
Yes, as separate companies with their own books and returns, or as branches of one company if that is how you are registered — the emirate on the invoice drives the box the supply lands in either way.
Nearby and related
Cost one project properly
Start free, set up a project cost centre, and see whether your current job is actually making money.