Automate Accounting, Focus on What Matters Most
Cut out tedious accounting tasks, minimize errors, and keep accurate records.
+3K
Served Businesses
+6M
Transactions Processed
4.7
Excellent Customers Review
Compliant with ZATCA
Official Partners
Just Scan & Relax – No Manual Entry
Just Scan & Relax – No Manual Entry
Simply scan your invoices and our platform will extract data and automate your entire accounting process – supported by certified accountants and tax agents.
Work Less, Achieve More!
Automate Your Accounting Cycle
Less Time on Finances, More on Business
Enjoy automatic recording of daily transactions and avoid human errors—no data entry needed.
Pay the Right Amount of Tax
Get precise expense calculations and discover all deductions and allowances to minimize your tax bill.
Secure Your Financial Future
Keep your cash flow steady and boost business health with smart financial planning. Avoid surprises and stay ahead of potential issues.
Understand Your Business Performance
Access real-time reports anytime, anywhere to see how your business is performing now and take decisions on the fly.
Protect Your Business
Stay compliant with all legal requirements, keep records for 7 years, never miss a deadline, and get expert support during audits.
1. Create Your Account
2. Personalize Your Account
3. Scan/Share Your Daily Invoices & Receipts
4. Check Your Financial Reports
Enjoy Local Support!
We assign you a charted accountant you can contact anytime for daily guidance
Easy Integrations
Connect, Automate, Achieve Compliance
Connect your eCommerce store, POS, or bank account with mazeed and automate your full accounting cycle.
Easy Integrations
Connect, Automate, Achieve Compliance
Connect your eCommerce store, POS, or bank account with mazeed and automate your full accounting cycle.
Beyond Accounting & Bookkeeping,
We Provide:
Helped Over 3,000 Clients Automate Their Finances
mazeed is simply the best I've encountered so far, and I've been recommending it since day one! The team is highly professional, and their online platform is exceptionally user-friendly.
José Rubinger
Uploading financial records is straightforward with mazeed. All data is securely stored digitally, eliminating the need for paper. This service is quick and straightforward, helping to save both time and effort.
Nooran Albannay
I enjoy collaborating with the mazeed team; some of your staff are exceptionally professional with my clients, making the service satisfactory.
Ahmed Abdelfattah
For startups like ours, it's more economical to outsource accounting functions rather than maintain full departments. mazeed offers the breadth and professionalism of expertise that surpasses what we could afford in-house. It functions like an entire accounting and tax department but at a fraction of the cost.
Dimitris Karakasis
mazeed's services are effective and efficient, providing timely reports and records that meet our needs.
Mary
Uploading financial records is straightforward with mazeed. All data is securely stored digitally, eliminating the need for paper. This service is quick and straightforward, helping to save both time and effort.
Nooran Albannay
Quick answers to your most common queries
What are the primary accounting standards followed in Saudi Arabia?
Saudi Arabia primarily follows the International Financial Reporting Standards (IFRS). This aligns with the global trend towards harmonization of accounting standards.
What are the specific requirements for maintaining accounting records in KSA?
- Arabic Language: All accounting records must be kept in Arabic.
- Retention Period: Financial records should be retained for at least 5 years.
- Chart of Accounts: Companies must use a standardized chart of accounts approved by the Ministry of Commerce.
- Electronic Records: Electronic records are generally accepted, but there might be specific regulations regarding their storage and security.
What are the tax implications for businesses in KSA?
- Corporate Tax: Saudi Arabia has implemented a corporate tax system. The specific rates and thresholds may vary.
- Value Added Tax (VAT): VAT is applicable to most goods and services in KSA. Businesses must register for VAT if their annual revenue exceeds a certain threshold.
- Withholding Tax: Withholding tax may be applicable on certain types of payments, such as salaries and dividends.
What are the requirements for financial reporting in KSA?
- Annual Financial Statements: Companies are generally required to prepare annual financial statements, including a balance sheet, income statement, cash flow statement, and notes to the financial statements.
- Auditing: Larger companies may be required to have their financial statements audited by an independent auditor.
- Submission to Authorities: Financial statements and related reports may need to be submitted to relevant government authorities, such as the Ministry of Commerce or the Zakat, Tax and Customs Authority in KSA.
What are the specific regulations for foreign investors operating in KSA?
- Foreign Investment Law: Foreign investors should be aware of the specific regulations governing foreign investment in KSA, including restrictions on certain sectors and ownership limits.
- Accounting Standards: Foreign investors may need to comply with local accounting standards in addition to any international standards they are accustomed to.
- Tax Implications: The tax treatment of foreign investors may differ from that of domestic entities.
What are the key considerations for choosing an accounting firm in KSA?
- Expertise: Look for a firm with expertise in local accounting standards, tax regulations, and industry-specific requirements.
- Experience: Consider a firm with experience working with foreign investors or businesses operating in similar sectors.
- Reputation: Check the firm's reputation and track record in the market.
- Language: If you are not fluent in Arabic, ensure the firm has staff who can communicate effectively in your language.
Get Your Free Consultation
Our experts will answer your concerns about the accounting and taxation landscape with the best strategies to ensure compliance and success.