Do I need accounting knowledge to use Qoyod?

Not at all. Qoyod is designed to be used by business owners without an accounting background. The system handles the accounting logic automatically, and if you subscribe to the bookkeeping service, a dedicated Qoyod accountant handles everything for you.

What does the bookkeeping service include?

The service covers transaction recording, account reconciliation, monthly financial reports, and VAT return preparation. A dedicated Qoyod in-house accountant is assigned to your account and manages your books on an ongoing basis.

How does Qoyod stay compliant with ZATCA?

Every invoice generated through Qoyod is automatically ZATCA-compliant, including phase 1 generation and phase 2 integration. E-invoices with QR codes are created at the point of every transaction with no manual steps required.

What are the plans for this service?

The bookkeeping service is offered as a tailored quotation. There is no fixed plan or standard price. The cost varies depending on business size, transaction volume, and the scope of bookkeeping required.

Professional serviceRemote bookkeeping · via SOCPA-certified accounting firms

Accurate books, every month. Run by certified accountants, tracked by you

Accountants from SOCPA-certified firms record your transactions in Qoyod each month per accounting standards and prepare your financial reports. You send your documents through a dedicated WhatsApp group and follow the results.

Start now Request the service

SOCPA-certified firms Monthly recording per standards Monthly financial reports

AMS

SOCPA-certified accountantsPartner firms working on your books

Your team's work · May 20264 / 5

Recording this month's transactions

Done

Bank reconciliation

Done

Monthly payroll entry

Done

Financial position & P&L report

In progress

Financial position + P&LMonthly reports per accounting standards

Report

SOCPA-certified

On-time monthly close

Service scopeWhat the bookkeeping service includes

Monthly and annual deliverables in one service

Handled by accountants from firms certified and registered with the Saudi Organization for Chartered Professional Accountants (SOCPA), per the applicable accounting standards.

Monthly

Monthly transaction recording

Recording and organizing your financial transactions in Qoyod from your documents, per accounting standards.

On the Qoyod system
Per accounting standards

Monthly

Monthly financial reports

A financial position report and a profit & loss statement at the end of each month.

Financial position report
Profit & loss statement

Monthly

Bank reconciliation

Monthly reconciliation of your bank accounts against your entries, correcting any differences.

Up to two bank accounts
Monthly reconciliation

Monthly

Monthly payroll entry

Recording payroll accrual and payment entries after you approve the payroll sheet.

After an approved payroll sheet
Excludes payroll preparation or calculation

Annual

Annual financial statements

Preparing your annual financial statements per the applicable financial reporting framework at year-end.

In Arabic and English
Per the reporting framework

Annual

Year-end deliverables

Reconciling related-party balances and providing variance analysis reports at year-end.

Related-party reconciliation
Variance analysis reports

How does the bookkeeping service work?

A clear process from day one — certified accountants begin once your approved opening balance and required documents are in place.

Consultation & scoping

We understand your activity, transaction volume and accounting needs, and define the right scope.

Start

Account setup

We receive your approved opening balance and required documents, and set up your chart of accounts in Qoyod.

Before start

Monthly recording

Accountants record your transactions in Qoyod from your documents and reconcile your bank accounts. You send documents via a dedicated WhatsApp group.

Monthly

Your periodic reports

End of each month: a financial position report and a P&L statement — and your annual financial statements at year-end.

Monthly & annual

Documents required before starting

Opening trial balance or audited financial position

Latest financial statements for last month

Articles of incorporation

Authority delegation matrix

Commercial registration

Note: The service is delivered through partners — accounting and audit firms certified and registered with the Saudi Organization for Chartered Professional Accountants (SOCPA). Work begins once a correct, approved opening balance is available from you; if it is not available, the Accounts Cleanup service is required first.

FAQAnswers to the most common questions about bookkeeping

Have a few questions?

Everything you need to know about Qoyod's bookkeeping service before you start.

How much of my time does it take each month as a business owner?

Less than an hour a month. You send your invoices and bank statements via a dedicated WhatsApp group or upload them to Qoyod, and the accountants handle the rest.

On which system is the service delivered?

The service is delivered entirely on the Qoyod accounting system, where accountants record your transactions and prepare your financial reports on it per the applicable accounting standards.

Is your team qualified and officially certified?

Yes. The service is delivered through partners — accounting and audit firms certified and registered with the Saudi Organization for Chartered Professional Accountants (SOCPA), ensuring quality and reliability.

How do I send my documents and invoices?

Two ways: upload them directly to Qoyod, or send them via a dedicated WhatsApp group to be received and recorded.

When are my reports delivered?

At the end of each month you receive a financial position report and a P&L statement. At year-end you receive your annual financial statements (in Arabic and English) and variance analysis reports.

Does the service include tax returns?

The bookkeeping service does not include tax returns directly, but a separate service for reviewing and filing tax returns is available and can be added as needed.

Hand your books to certified accountants, every month

Talk to our sales team, and certified accountants begin as soon as your opening balance and required documents are in place.

Start now Request the service

SOCPA-certified firmsMonthly recording per standardsPeriodic financial reports