Verasol.ai

Introduction to Verasol.ai

Verasol.ai is an AI-native accounting platform designed specifically for businesses operating in the United Arab Emirates. It integrates UAE-specific tax regulations—including VAT, corporate tax, and e-invoicing requirements—into its core architecture, enabling automated compliance with the Federal Tax Authority (FTA). Unlike generic accounting software, Verasol.ai supports bilingual interaction in English and Arabic, including voice-based queries, making it accessible to local business owners, accountants, and finance teams across linguistic backgrounds.

The platform serves three primary user groups: newly established UAE businesses navigating complex tax registration and filing processes; accounting firms managing multiple client accounts; and small and medium-sized enterprises (SMEs) seeking to replace manual or fragmented financial workflows with a unified, intelligent system. It operates as a standalone accounting suite but also offers integration capabilities with existing platforms such as Zoho Books and Xero.

Key Takeaways

• Voice-enabled natural language interface supporting both English and Arabic queries
• Real-time FTA compliance validation for VAT returns, corporate tax filings, and e-invoicing
• Five-layer validation system achieving 99% accuracy in interpreting UAE tax law
• AI-powered bank reconciliation with 99% transaction matching accuracy across UAE banks
• Smart invoicing with automatic TRN validation, multi-currency support, and UAE-compliant tax invoice generation
• WPS-compliant payroll processing with salary calculation, leave management, and settlement automation
• International Business module supporting free zone operations, transfer pricing documentation, economic substance reporting, and related-party transaction tracking
• Autonomous AI functions including smart document processing, web research for vendor verification and exchange rates, and email automation for payment follow-ups

How Verasol.ai Works

Verasol.ai operates through a modular SaaS architecture where users can enable specific functional modules—such as banking & reconciliation, payroll & HR, inventory, VAT management, or international business—based on their operational needs. Core interactions occur via a web-based dashboard, AI assistant chat interface, or voice commands. Users upload bank statements, invoices, or payroll data; the AI parses, validates, and reconciles entries using trained models grounded in UAE tax legislation and IFRS-aligned accounting standards.

The AI assistant interprets natural language requests—whether typed or spoken—to retrieve financial insights, generate reports, create journal entries, or initiate actions like recording payments or sending reminders. Underlying this is a knowledge base continuously updated with FTA guidelines, court decisions, and regulatory amendments. For integrated users, Verasol.ai connects to external accounting systems (e.g., Zoho Books, Xero) to augment them with AI capabilities without requiring data migration.

Core Benefits and Applications

Verasol.ai streamlines compliance-critical tasks for UAE-based entities, reducing manual effort in VAT return preparation, bank reconciliation, and payroll submissions. Its multilingual voice interface lowers barriers for Arabic-speaking business owners unfamiliar with technical accounting terminology. Accounting firms benefit from centralized client management, standardized compliance checks, and scalable reporting across portfolios.

The International Business module enables offshore companies, free zone entities, and multinational groups to manage cross-border operations while maintaining FTA alignment—including Master File and Local File readiness for Country-by-Country Reporting (CbCR). SMEs leverage features like cash flow forecasting, real-time VAT liability tracking, and automated input VAT recovery to improve financial decision-making. The platform supports over 40 UAE free zones—including DMCC, DIFC, JAFZA, and ADGM—and provides structured chart of accounts compliant with UAE regulatory expectations.