How does Qoyod help real estate and contracting businesses manage costs?

Qoyod helps track variable costs such as materials, labor, and equipment, allowing businesses to control budgets and improve profitability.

Can Qoyod track project revenue and expenses separately?

Yes, Qoyod allows businesses to track each project’s revenue and expenses separately for better financial visibility.

Does Qoyod support bid estimation and tender preparation?

Yes, Qoyod provides accurate cost estimation tools to support competitive bidding and tender preparation.

Is Qoyod compliant with ZATCA e-invoicing?

Yes, Qoyod is fully compliant with ZATCA Phase 2 e-invoicing requirements in Saudi Arabia.

Does Qoyod support property and contract management?

Yes, Qoyod supports managing contracts, rental agreements, maintenance costs, and property portfolios.

Real Estate & Contracting · Real Estate & Construction

Accounting software for contractors and real estate offices in Saudi Arabia.

Tracks project costs, calculates progress billings, manages retentions and guarantees, and issues your invoices electronically, certified by ZATCA — All in a single accounting system.

Start a free trial Talk to sales

14 days free No credit card ZATCA compliant

New progress billing

340K SAR · approved

8 Active projects

Total 14.2M SAR

Project management · Contracting company

Connected

Quarter revenue

3.86M SAR

▲ +24%

Active projects

8 / 12

▲ On track

Retentions with clients

420K SAR

⚠ Periodic monitoring

Salaries and wages

512K SAR

Ready WPS

Project status 3 of 8

Olaya Tower project#PRJ-2018

Execution 72%Contract value 4.8M SAR

Residential villa · Al-Salam district#PRJ-2042

Execution 48%Contract value 1.6M SAR

Office fit-out · Al-Mursalat#PRJ-2055

Execution 28% · OverdueContract value 880K SAR

Qoyod customers

Contracting and real estate companies trust Qoyod

From small engineering offices to large construction companies — they manage their projects and books on Qoyod.

Challenges

Three accounting problems contracting companies face

Multiple projects, recurring progress billings, retentions with clients, and large workforce payrolls. Qoyod solves three accounting problems every contractor or real estate office faces.

Project costs are not clear

Material, labor, equipment, and subcontractor costs flow into scattered accounts. You don't know each project's actual profitability until it closes late.

Manual progress billings and retentions

Every billing needs completion-percentage calculation, retention deduction, VAT, and a matching accounting entry. Errors delay client approval and push back collections.

Workforce payroll across different types

Saudi and expatriate workers, daily and monthly contracts, GOSI deductions, housing and transport allowances. Manual calculation produces monthly financial and legal errors.

Solutions

Qoyod is built for project accounting

Four integrated accounting features: project accounting, progress billings, retentions, and payroll — All in one automated system.

Project accounting and cost tracking

Each project has its own accounting file: materials, labor, equipment, and subcontractors. You know the project's actual profitability in real time and at closeout.

Cost centers per project
Allocate revenue and expenses
Real-time project profitability
Compare with the planned budget

Certified phased billings

Issue a progress billing in one click, calculate VAT, deduct retention, and post the accounting entry automatically. Invoice is ZATCA-certified.

Progress-based billings
Automatic retention deduction
E-invoicing certified by ZATCA
Searchable billing archive

Retentions and guarantees management

Each retention is recorded as a separate liability on the balance sheet. An alert is issued at the due date and it is released via an automatic accounting entry on agreement.

Retentions with clients and subcontractors
Periodic due-date alerts
Retention release via automatic entry
Aggregate retentions report

Payroll and WPS for the workforce

Create a payroll run covering every worker category (Saudi, expatriate, daily, monthly), with allowances and deductions, plus a WPS file compatible with Saudi banks.

Multiple contracts per worker
Housing, transport, and living allowances
Automatic GOSI deduction
WPS file ready for the bank

Project cost analysis

A full financial picture per project. Sound profitability decision.

Before you close the project, you know how much you profited and where the money went — Materials, labor, equipment, subcontractors. No surprises in the year-end statements.

Detailed costs by type for every project
Compare actual to planned budget
Immediate alert when over budget

Olaya Tower project · PRJ-2018

Forecast profitability 18%

Contract value

4.8M SAR

Approved contract

Actual costs

3.94M SAR

82% Of budget

Cost breakdown 82%

Materials

1.68M

Labor

1.32M

Equipment

580K

Subcontractors

360K

Retentions with the client

5% Of each billing value · Released on final delivery

240K SAR

Served segments

6 Business types using Qoyod

From small engineering offices to large real estate developers — Qoyod is built for every specialization in contracting and real estate.

Construction and investment companies

Major projects and progress billings

Real estate offices

Sales commissions and leases

Property management

Lease contracts and periodic payments

Engineering offices

Hourly consulting + Projects

Real estate developers

Multi-unit projects

Interior design

Fit-out contracts + Materials

Real success stories

Used by business owners and accountants

Real reviews from Google — 25,000 Saudi businesses rely on Qoyod every day.

25K+

Saudi businesses

100K+

monthly users

25M+

monthly transactions

10+

years in the market

An easy-to-use accounting program with great customer service responsiveness. There were a few issues at the start, but they were resolved quickly and professionally.

Ahmad J..

Startup Owner

Business Owners

An excellent and easy-to-use program that covers every need. I recommend it to everyone, on top of customer service available 24 hours a day and fast response in solving issues.

Mr. K..

Senior Accountant

Accountants

A very nice, easy-to-use program with highly efficient customer service. They offer training sessions throughout the week, which helps us use every feature to the fullest.

Ahmad F..

Operations Manager

Operations Managers

Excellent program, professional and very useful for financial management of companies and institutions. Worth trying for anyone looking for a reliable accounting system.

Mohammed Ahmad A..

Branch Manager

Management and operations

A distinguished program with easy setup and learning, strong cybersecurity, and technical stability. A point of pride for us as Saudis to have a program built to global standards.

Mohammed A..

Accounting Manager

Accountants

Excellent program with world-class customer service. They helped me set up the system in record time. Kudos to them for their professionalism and follow-through.

Marah W..

Head of Accounts

Accountants

Have some questions?

Quick answers for contracting and real estate

Does Qoyod support project accounting and cost centers?

Yes. You can create a cost center for each project and allocate revenue and expenses to it (Materials, labor, equipment, subcontractors), and a comparison of actual vs. planned budget to know the project's real profitability.

How does Qoyod calculate progress billings and retention deductions?

When you issue the billing, you set the completion percentage and value of work performed. Qoyod automatically calculates the billing value and VAT, and deducts the retention percentage, which stays recorded as a liability on your balance sheet until final delivery.

Does Qoyod handle subcontractor payments?

Yes. You register the subcontractor as a supplier in the system, link their invoices to the relevant project, and the cost is automatically allocated to that project's cost center.

Does Qoyod produce a WPS file for workforce payroll?

Yes. Qoyod produces a WPS file in the official format accepted by Saudi banks, supporting multiple contracts (Daily, monthly, hourly) Plus allowances and deductions per worker.

Are progress-billing invoices ZATCA-compliant?

Yes. Every billing is issued in the e-invoicing format certified by the Zakat, Tax and Customs Authority (Phase 1 & Phase 2), with a digital signature, QR code, and automatic submission to the platform.

How long does setup take before starting on Qoyod?

5 to 10 business days, depending on the number of active projects and the volume of historical data. Setup includes: creating cost centers, uploading projects, configuring budgets, ZATCA settings, and training your team. The Pro Services offering is available for a complete setup by our team.

Try Qoyod free for 14 days

Issue your first certified e-billing in minutes. No credit card and no commitment.

Start your free trial Talk to sales

14 days free No credit card ZATCA compliant