Manual re-typing at month end
Today Invoices and bills are copied by hand into spreadsheets, causing delays and bookkeeping mistakes.
With MG Tech Every sale, purchase, and payment lands directly in your general ledger as daily operations happen.
Accounting with GCC VAT & KNET
Accounting with GCC VAT & KNET for every MG Tech system
Every sale, purchase and payment lands in your accounts without re-typing, with KNET and GCC VAT ready.
KWD to 3 decimals, amount in words
GCC VAT ready
KNET & Kuwaiti bank statements
Arabic & English documents
Essential
Accounting with GCC VAT & KNET
Sales today
KWD 1,420
KNET settlements
Matched
VAT return
Ready
AI summary ready
Sounds familiar?
Why disconnected spreadsheets slow down accounting
KNET settlements matched on paper
Today Staff compare daily KNET payment slips against bank deposits by hand to find payout differences.
With MG Tech Import the Kuwaiti bank statement and match KNET settlements and customer payments against your invoices.
Uncertain GCC VAT returns
Today Calculating VAT across sales and supplier bills on spreadsheets risks errors during tax filing.
With MG Tech VAT is applied on every sale and purchase as it is recorded, so input and output tax are ready for the return.
Split Arabic and English documents
Today Auditors require Arabic records while partners ask for English, forcing teams to prepare two files.
With MG Tech Generate Arabic and English statements and vouchers with KWD to 3 decimals and amounts in words.
What you get
Accounting tools built into your daily workflow
General ledger and journals
Sales, purchases, and payments post to the chart of accounts for clear trial balances and reports.
KNET and bank reconciliation
Import Kuwaiti bank statements and match POS batches, KNET settlements, and supplier bank transfers.
GCC VAT reporting
VAT applied on sales and purchases, with the totals ready for your return.
Bilingual financial reports
Print financial reports in Arabic and English, with KWD to 3 decimals and amount in words.
Clarity finance workspace
Drill-down reports, 13-week cash forecast and Ask Clarity AI chat. Available in MG Trade only.
Budget control and progress billing
Track committed and actual costs per cost code and bill progress certificates. MG Build only.
Real screens
See it exactly as it runs
How it works
How accounting works from day one
-
1
Chart of accounts and balances
We import your chart of accounts, customer and supplier balances, and bank balances during setup.
-
2
Automatic posting from daily sales
Invoices from POS counters, clinic visits, and site certificates post directly into your journals.
-
3
Bank and settlement matching
Upload Kuwaiti bank statements to match customer collections, KNET batches, and supplier payments.
-
4
Reporting and VAT filing
Review income statements, receivables aging, and VAT return totals in Arabic and English anytime.
Available in
- MG Trade Wholesale & Retail
- MG School Schools & Nurseries
- MG Health Clinics & Hospitals
- MG People HR, Attendance & Payroll
- MG Build Construction & Contracting
- MG Maintain Maintenance & Facilities
- MG Factory Manufacturing
- MG Salon Ladies Salons & Spas
- MG Travel Travel Agencies & Tour Operators
Included from the Essential package.
FAQ
Questions we hear most
Is accounting included in every MG Tech system package?
Yes. Accounting is included from the Essential package across all nine MG Tech systems.
Can we move our existing accounts and balances from Excel?
Yes. Migrating your chart of accounts, balances, customers, and suppliers is part of setup.
Does the system support Arabic reports and KWD decimals?
Yes. Reports work in Arabic and English, showing KWD to 3 decimals and amounts in words.
How does KNET settlement matching work?
Import your Kuwaiti bank statement to match KNET batch settlements against counter sales.
Who owns our financial data, and can we export it?
You do. Export Excel or CSV files anytime, and request a complete database backup on demand.
Ready to see accounting on MG Tech?
Book a free 45-minute demo prepared around your daily transactions and financial reports.
More features
Also worth a look
Retail POS
Fast counter sales with customer balance shown before you sell, split payment and offline checkout.
Learn moreMulti-warehouse inventory
Track stock and value across branches, scan barcodes on transfers, and manage lot expiry dates.
Learn moreKuwait payroll
Itemised earnings and deductions in KWD, downloadable as PDF.
Learn more