United Arab Emirates

Installation

Install the following modules to get all the features of the United Arab Emirates localization:

Name

Technical name

Description

United Arab Emirates - Accounting

l10n_ae

Default fiscal localization package. Includes all accounts and taxes.

Gulf Cooperation Council - Point of Sale

l10n_gcc_pos

Includes the GCC-compliant bilingual (English/Arabic) POS receipt; installed automatically with the Point of Sale app.

Note

The U.A.E. payroll (salary rules, end of service provision), the corporate tax report and the localized accounting reports are not available in this edition.

Chart of accounts

Go to Accounting ‣ Configuration ‣ Chart of Accounts to view all default accounts available for the UAE localization package. You can filter by Code using the numbers on the far left or by clicking on Group By ‣ Account Type. You can Enable/Disable reconciliation or configure specific accounts according to your needs.

Important

  • Always keep at least one receivable account and one payable account active.

  • It is also advised to keep the accounts below active, as they are used either as transitory accounts by Odoo or are specific to the UAE localization package.

    Code

    Account Name

    Type

    102011

    Accounts Receivable

    Receivable

    102012

    Accounts Receivable (POS)

    Receivable

    201002

    Payables

    Payable

    101004

    Bank

    Bank and Cash

    105001

    Cash

    Bank and Cash

    100001

    Liquidity Transfer

    Current Assets

    101002

    Outstanding Receipts

    Current Assets

    101003

    Outstanding Payments

    Current Assets

    104041

    VAT Input

    Current Assets

    100103

    VAT Receivable

    Non-current Assets

    101001

    Bank Suspense Account

    Current Liabilities

    201017

    VAT Output

    Current Liabilities

    202001

    End of Service Provision

    Current Liabilities

    202003

    VAT Payable

    Non-current Liabilities

    999999

    Undistributed Profits/Losses

    Current Year Earnings

    400003

    Basic Salary

    Expenses

    400004

    Housing Allowance

    Expenses

    400005

    Transportation Allowance

    Expenses

    400008

    End of Service Indemnity

    Expenses

Taxes

To access your taxes, go to Accounting ‣ Configuration ‣ Taxes. Activate/deactivate, or configure the taxes relevant to your business by clicking on them. Remember to only set tax accounts on the 5% tax group, as other groups do not need closing. To do so, enable the developer mode and go to Configuration ‣ Tax Groups. Then, set a Tax current account (payable), Tax current account (receivable), and an Advance Tax payment account for the 5% group.

Note

The RCM is supported by Odoo.

screenshot: finance-fl-uae-taxes
menu
Accounting ‣ Configuration ‣ Taxes
shows
The Taxes list of the U.A.E. localization: the 5% sales and purchase VAT taxes, the 0% and exempt taxes and the reverse-charge (RCM) taxes, with the Tax Type and Active columns.
data
Demo company "YourCompany AE", U.A.E. localization installed.
module
l10n_ae
notes
English UI, light theme, 1440px width.

Currency exchange rates

Currency rates can be updated automatically with the eYssen currency rate updater module (see Automatic update). The UAE Central Bank exchange rates web service is one of its providers: in Accounting ‣ Configuration ‣ Settings ‣ Currencies, select it as Provider, choose the Interval Unit, and click the update button () to fetch the rates immediately.

Invoices

The UAE localization package allows the generation of invoices in English, Arabic, or both. The localization also includes a line to display the VAT amount per line.