Genoa for companies

Genoa: accounting and inventory software for Iraqi companies

In short

Genoa is accounting software for Iraqi companies that buy, stock and sell goods, and it uses the chart of accounts of the Iraqi Unified Accounting System and can prepare financial statements based on International Financial Reporting Standards (IFRS). It covers accounting, inventory, sales and purchasing, and customer and supplier ledgers with ageing. Two optional features are available: multi-currency (the US dollar alongside the Iraqi dinar) and landed cost (freight and customs added on top of item cost). Both are off by default and are switched on per organisation.

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What is Genoa?

Genoa is accounting software built for companies, and it uses the chart of accounts of the Iraqi Unified Accounting System and can prepare financial statements based on International Financial Reporting Standards (IFRS). It brings accounting, inventory, sales and purchasing, and customer and supplier ledgers with ageing together in one product. The aim is to let an Iraqi trading company run its books, stock and debts from one system instead of separate notebooks and spreadsheets.

Genoa also offers two optional features for companies that need them: multi-currency, for businesses that deal in US dollars alongside Iraqi dinars, and landed cost, for importers who want freight and customs added to the cost of their goods. Both are off by default and are switched on per organisation, according to each company's needs.

Accounting offices in Iraqi government departments have a separate product, Genoa Gov. This page is about Genoa for companies only.

Who is Genoa for?

Genoa is built for Iraqi companies that buy, stock and sell goods and need to keep their accounts, stock and customer and supplier debts in one system.

  • Wholesalers and distributors that sell to shops and customers on credit.
  • Importers that pay freight and customs on the goods they bring in.
  • Shops and showrooms that hold stock.
  • Suppliers of building materials, spare parts, electrical goods and similar products.
  • Companies that buy in US dollars and sell in Iraqi dinars.
  • Businesses whose accounts team follows up customer and supplier balances and debt ageing.

What modules does Genoa include?

Genoa uses the Unified Accounting System chart of accounts, can prepare IFRS-based financial statements, and is made up of four core modules and two optional features. The core modules are accounting, inventory, sales and purchasing, and customer and supplier ledgers with ageing. The optional features are multi-currency and landed cost, which are off by default and switched on per organisation as needed.

  • Unified Accounting System and IFRS statements

    Genoa uses the chart of accounts of the Iraqi Unified Accounting System and can prepare financial statements based on International Financial Reporting Standards (IFRS).

  • Accounting

    Keep the books in Iraqi dinars in the same product as inventory, sales and purchasing, and the ledgers.

  • Inventory

    Keep track of the items your company buys, stores and sells, alongside sales and the accounts.

  • Sales and purchasing

    Record what the company sells to customers and buys from suppliers, alongside stock and the ledgers.

  • Customer and supplier ledgers

    Follow customer debts and supplier balances, with ageing that shows how long each balance has been open.

  • Multi-currency

    Optional feature

    Work in US dollars alongside Iraqi dinars. Optional, off by default and switched on per organisation.

  • Landed cost

    Optional feature

    Add freight and customs on top of the cost of imported items. Optional, off by default and switched on per organisation.

This is an optional feature: it is off by default and is switched on per organisation when needed.

Real screenshots of the software, with entirely fictional demo data. Select any image to open it at full size.

How do Genoa's modules connect?

Genoa's modules are parts of one product, not separate programs. A sale or purchase is recorded once and is reflected in stock, in the customer or supplier ledger, and in the accounts.

The result is one consistent view of what is in stock, what customers owe the company and what the company owes its suppliers.

How do optional features work in Genoa?

Genoa has two optional features: multi-currency and landed cost. Each one is off by default and is switched on per organisation, according to what that company needs.

A company that deals only in Iraqi dinars and buys locally does not need them, so they stay off. They are meant for companies that buy in dollars or import their goods.

  • Multi-currency: the US dollar alongside the Iraqi dinar.
  • Landed cost: freight and customs added on top of item cost.

How can I see Genoa before deciding?

The practical way to evaluate Genoa is to book a demo. You can book one through the contact page or on WhatsApp.

Bring examples from your daily work, such as a purchase invoice, a sales invoice, a short list of items and a customer statement, and ask how each one would be handled in Genoa.

Common questions about Genoa

What is the best accounting software for companies in Iraq?

The best accounting software for your company is the one that fits how it actually works; no single program suits every business.

When comparing options, check that the software uses the Unified Accounting System chart of accounts and can prepare IFRS-based financial statements; that it keeps accounting, inventory, sales and purchasing in one system; that it tracks customer and supplier balances with ageing; that it handles both Iraqi dinars and US dollars if your company needs that; and that it can add freight and customs to item cost if you import. Always ask for a demo before you decide.

Genoa covers these points. It uses the Unified Accounting System chart of accounts, can prepare IFRS-based financial statements, and includes accounting, inventory, sales and purchasing, and customer and supplier ledgers with ageing, plus multi-currency (the US dollar alongside the Iraqi dinar) and landed cost as optional features that are off by default and switched on per organisation. You can book a demo and judge for yourself.

What is Genoa and who is it for?

Genoa is accounting software for Iraqi companies that buy, stock and sell goods.

It is aimed at wholesalers, distributors, importers, and shops and showrooms that hold stock, as well as companies that deal in both dinars and dollars.

What modules does Genoa have?

Genoa has four core modules: accounting, inventory, sales and purchasing, and customer and supplier ledgers with ageing.

It also offers two optional features: multi-currency (the US dollar alongside the Iraqi dinar) and landed cost (freight and customs added on top of item cost). Both are off by default and switched on per organisation, according to each company's needs.

Does Genoa work with the Unified Accounting System and IFRS?

Genoa uses the chart of accounts of the Iraqi Unified Accounting System and can prepare financial statements based on International Financial Reporting Standards (IFRS); these are two separate frameworks.

The same chart of accounts is used across accounting, inventory, sales and purchasing, and customer and supplier ledgers, because they are all in one product. The Unified Accounting System and IFRS statements page has the details.

All frequently asked questions: Genoa

Looking for software for a government accounts section?

Genoa Gov is government accounting software for the accounts sections of Iraqi government departments. It covers payment, receipt and journal vouchers with a multi-user audit and approval workflow, amendment of posted vouchers with a full audit trail, budgets with allocation checks before spending, cheques, month-end and year-end closing, and a legislation library. Each office in Genoa Gov works in its own separate database.

Learn more: Genoa Gov

See the software for yourself

Book a demo and we will walk you through the screens that matter to you, or send us your question on WhatsApp.

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