Accounting Software to Grow Your Business

• Multilingual support: Arabic and English are the primary languages in Saudi Arabia. 

• Compliance with KSA accounting standards: Ensure the software adheres to local regulations like IFRS. 

• VAT integration: Saudi Arabia has implemented VAT. Software should handle VAT calculations, reporting, and compliance. 

• Integration with local banking systems: Seamlessly connect to Saudi Arabian banks for online transactions and reconciliation. 

• Support for Arabic fonts and character sets: Accurate representation of Arabic text and numbers is crucial. 

Yes,

mazeed is a good QuickBooks alternative in UAE.

mazed is financial management tailored specifically for businesses in the GCC, combining AI-powered accounting software with FTA-certified accountants and tax agents experts to help streamline financial management.

With features like local tax compliance, real-time financial insights, inventory tracking, and invoicing, Mazeed offers an all-in-one solution that’s affordable, intuitive, and fully compliant with regional standards.

• Yes, accounting software can streamline various financial tasks, including: 

  • Invoice generation and management: Create professional invoices, track payments, and manage overdue invoices. 
  • Expense tracking: Record and categorize expenses to gain insights into spending patterns. 
  • Inventory management: Monitor stock levels, track purchases, and calculate costs of goods sold. 
  • Payroll processing: Manage employee salaries, deductions, and benefits in compliance with Saudi Arabian labor laws. 
  • Financial reporting: Generate comprehensive reports like profit and loss statements, balance sheets, and cash flow statements. 

• Automatic VAT calculations: The software should accurately calculate VAT based on product or service rates. 

• VAT reporting: Generate VAT returns in the required format for submission to the General Authority of Zakat and Tax (ZATCA). 

• VAT refunds: Track and claim VAT refunds when eligible. 

• Tax calculations and reporting: The software should be capable of handling corporate tax calculations and generating the necessary reports. 

• Tax compliance: Ensure the software supports the specific requirements of Saudi Arabia's corporate tax laws. 

• Multi-currency support: The software should allow for transactions in multiple currencies, including the Saudi Riyal and other commonly used currencies. 

• Exchange rate management: Track and update exchange rates to ensure accurate financial reporting. 

• Data privacy: Ensure the software has robust data encryption and security measures to protect sensitive financial information. 

• Cloud vs. on-premises: Evaluate the security implications of cloud-based vs. on-premises software. 

• Regular updates and patches: Keep the software up-to-date with the latest security patches. 

• Retail: Inventory management, point of sale integration, and customer relationship management features. 

• Construction: Project management, cost tracking, and resource allocation tools. 

• Services: Time tracking, invoicing, and expense management.