Technology
Iraqi technology businesses — software houses, IT-services integrators and telecom operators — carry a finance model that off-the-shelf bookkeeping cannot hold: project-based delivery, recurring subscriptions and support contracts, hardware resale, and revenue split between IQD and USD. Moashirat delivers the ERP and the finance function as one team, configuring Odoo or Oracle NetSuite around how tech firms actually bill, recognize revenue and stay compliant with Iraqi tax, withholding and labor rules.
Challenges we solve in this sector
- Recognizing revenue correctly across mixed streams — one-off implementation projects, monthly SaaS or support subscriptions, and resold hardware/licenses — is hard to track in spreadsheets and rarely maps cleanly to the Iraqi Unified Accounting System chart of accounts.
- Costing technical projects accurately is difficult when engineer time, third-party cloud and license costs, and partner subcontracting must be allocated to each delivery to know real margins rather than blended ones.
- Billing and collecting across IQD and USD — vendor licenses and cloud paid in USD while many local clients pay in IQD — creates FX exposure and reconciliation gaps that distort reported profit.
- Iraqi tax registration, withholding on subcontractors and foreign service payments, and payroll under Iraqi labor law are easy to mishandle for fast-growing teams that scaled headcount before they built finance discipline.
How Moashirat helps
Recurring & project revenue on one ERP
We implement Odoo or Oracle NetSuite to handle subscriptions, support contracts and fixed-fee projects together — automating recurring invoices, milestone billing and revenue recognition mapped to the Iraqi Unified Accounting System.
Real project margins
We configure project costing and timesheets so engineer time, cloud, license and subcontractor costs land on each engagement, giving you true margin per client and per service line instead of blended figures.
Dual-currency finance & Iraqi compliance
Our finance team sets up IQD/USD billing, FX handling and reconciliation, and manages tax registration, withholding and IFRS-aligned statements — and trains your team to keep it running.
Odoo suits a single-entity software house or IT-services firm that needs subscriptions, projects and accounting fast and lean, while Oracle NetSuite fits a telecom operator or multi-entity, cloud-first tech group scaling across markets.