Complete accounting software for UAE businesses — from automated VAT returns and corporate tax reporting to multi-currency bank reconciliation. Oakland configures Odoo Finance to be FTA-compliant from day one.
Odoo Finance automates UAE VAT, corporate tax, and multi-currency accounting in one platform. Oakland configures it with FTA-compliant chart of accounts, Arabic invoicing, and AED bank reconciliation — ready from go-live.
Odoo calculates UAE 5% VAT automatically on every transaction, generates FTA-compliant VAT 201 returns ready for EmaraTax filing, and produces tax invoices with QR codes. Zero manual tax calculations.
Track taxable income against the AED 375,000 threshold automatically. Odoo separates qualifying income, applies the 9% rate, and generates the reports your tax advisor needs for CT filing.
Invoice in USD, pay suppliers in EUR, report in AED. Odoo handles automatic exchange rate updates, calculates forex gains and losses, and maintains fils-level precision across all transactions.
Connect UAE banks directly or import statements. Odoo's AI-powered matching engine reconciles transactions automatically, learns your patterns over time, and flags exceptions for review.
Generate bilingual tax invoices with TRN, QR codes, and all FTA-required fields. Online payment links let customers pay instantly. Automated follow-ups chase overdue invoices without your team lifting a finger.
Profit & loss, balance sheet, cash flow, and aged receivables update in real time — no waiting for month-end. Odoo Spreadsheet (BI) lets your CFO build custom dashboards with live data, pivot tables, and drill-down analysis.
Multi-currency accounting with automated bank reconciliation and UAE tax reporting
Professional invoices with online payments and automated follow-ups
Receipt scanning, approval workflows, and expense reimbursement
Business intelligence with pivot tables, charts, and real-time data
Centralized document management with workflow automation
Electronic signatures for contracts and agreements
We run accounting for 6 ARMOR Group companies on Odoo — from manufacturing cost accounting with work-in-progress tracking to multi-entity consolidation across construction and trading businesses. This isn't a demo we practiced. It's our live production system.
Every Oakland finance implementation starts with your UAE chart of accounts pre-configured: VAT input/output accounts, corporate tax provisions, retained earnings in AED. We map your existing bank feeds, migrate historical data, and train your team to close the books faster than they ever have.
UAE businesses face two mandatory tax obligations: the 5% Value Added Tax (VAT) introduced in 2018 and the 9% Corporate Tax (CT) effective from June 2023 on taxable income exceeding AED 375,000. Your accounting software must handle both seamlessly, and Odoo does.
Odoo is an FTA-accredited accounting software. It automatically applies the correct VAT rate (5%, 0%, or exempt) based on transaction type and customer location. The system generates VAT 201 return files compatible with the EmaraTax portal, tracks input and output VAT in real time, and produces tax invoices with all FTA-required fields including TRN, QR code, and bilingual (Arabic/English) formatting.
Oakland configures Odoo to track your taxable income against the AED 375,000 threshold automatically. The system separates qualifying free zone income, handles transfer pricing adjustments, and generates the profit and loss breakdown your tax advisor needs for CT filing. For groups like ARMOR with multiple entities, Odoo supports multi-company tax consolidation.
While the UAE hasn't mandated e-invoicing yet, the FTA has signalled it's coming. Odoo already supports structured e-invoicing formats used in Saudi Arabia and other GCC countries. Oakland pre-configures your system so you'll be compliant the moment UAE e-invoicing regulations take effect — no costly retrofit required.
See how Oakland configures Odoo Accounting for UAE compliance. Book a free demo and we'll walk through VAT setup, bank reconciliation, and financial reporting using our own ARMOR Group data.