Financial Periods, Tax & Document Numbering
Open/Locked Financial Periods · FTA VAT 5% & Corporate Tax 9% · Automatic Document Sequence Series · Chart of Accounts Mapping
Financial Accounting Periods (Fiscal Year 2026)
| Period Code | Period Name | Start Date | End Date | GL Posting Status | VAT Return (FTA) | Locked By | Actions |
|---|---|---|---|---|---|---|---|
| 2026-Q1 | Quarter 1 (Jan–Mar 2026) | 01-Jan-2026 | 31-Mar-2026 | Period Locked | Filed & Cleared | Kamran Zaidi (FC) | |
| 2026-Q2 | Quarter 2 (Apr–Jun 2026) | 01-Apr-2026 | 30-Jun-2026 | Period Locked | Filed & Cleared | Kamran Zaidi (FC) | |
| 2026-Q3 | Quarter 3 (Jul–Sep 2026) | 01-Jul-2026 | 30-Sep-2026 | Period Locked | Under FTA Review | Kamran Zaidi (FC) | |
| 2026-Q4 | Quarter 4 (Oct–Dec 2026) | 01-Oct-2026 | 31-Dec-2026 | Open (Active Posting) | Accruing | — |
UAE Federal Tax Authority (FTA) Configuration
FTA Tax Decree Laws 2023–2026
Per UAE VAT Law: Commercial property sales & ancillary services at
5%.
Applicable on Net Taxable Income exceeding AED 375,000.00.
Automatic VAT classification on unit types.
Document Sequence & Auto-Numbering Patterns
| Document Type | Prefix Format | Separator | Current Counter | Next Sample Document No. | Status |
|---|---|---|---|---|---|
| Property Sales Booking | BK-{YYYY}- |
Hyphen | 00045 | BK-2026-00046 |
Active |
| Sale & Purchase Agreement (SPA) | SPA-{YYYY}- |
Hyphen | 00045 | SPA-2026-00046 |
Active |
| AR Customer Receipt | RC-{YYYY}- |
Hyphen | 00312 | RC-2026-00313 |
Active |
| Tax Invoice (AR) | INV-{YYYY}- |
Hyphen | 00210 | INV-2026-00211 |
Active |
| General Journal Voucher | JV-{YYYY}- |
Hyphen | 00871 | JV-2026-00872 |
Active |
| Post-Dated Cheque Register | PDC-{YYYY}- |
Hyphen | 00120 | PDC-2026-00121 |
Active |
| Credit Note / Adjustment | CN-{YYYY}- |
Hyphen | 00014 | CN-2026-00015 |
Active |