Companies in various fields seek to keep pace with developments permanently in order to emerge in the market as the best choice for customers, and one of the most important things that companies keep pace with is the rapid technological development that we are witnessing in our time, which has made many management and accounting operations in companies fully electronic operations, including the process of issuing and exchanging invoices. Many accounting solutions, systems, and programs have emerged that support electronic invoicing to make it easier for companies to issue accurate invoices and keep them secure.
When selecting the appropriate electronic invoicing solution for them, companies are interested in being integrated and providing all the services they need, especially in the field of electronic invoice, and business owners must search and preview to choose the appropriate program. During this search journey, it is necessary to know the prices of the electronic invoice program to ensure that you get the best services at the best prices and commensurate with the company’s
Electronic Invoice Program
The e-invoice software provides services for exchanging invoices, debit and credit notes, and processing them in a structured and unified electronic format between sellers and buyers. The Zakat, Tax, and Customs Authority in Saudi Arabia has mandated the application of electronic invoicing (Fatora) to all taxpayers subject to VAT as of December 4, 2021.
The Authority has set basic and unified requirements for issuing and saving electronic invoices through an electronic system, which makes the use of the electronic invoice program an imperative for companies in different fields, and therefore accounting programs that provide electronic invoicing services compete to provide the best prices of the electronic invoice program in order to stand out in this field and be the best choice for companies when choosing an electronic invoicing solution.
How do I choose the right e-invoice software?
There are many important criteria that you should consider when choosing the most appropriate e-invoicing solution for your company, and they can be explained in the following points:
Electronic Invoice Program Prices
The price of the electronic invoicing solution may be one of the most important criteria that interests you when choosing the program, as these programs seek to provide assistance and facilitate the process of managing all your accounting operations, including electronic invoicing, in order to achieve success for your company, so the price of the electronic invoice program should not be a burden on your company’s budget. Also, the size of your company can be small, and you do not have enough budget to subscribe to a high-priced program, so it is necessary to check the prices of the electronic invoice program when choosing it.
Program compliance with Zakat, Tax, and Customs Authority requirements.
It is not enough for the software you pick to be able to generate electronic invoices; it must also issue them in accordance with all of the Zakat, Tax, and Customs Authority’s standards, including the following:
- Invoice issuance in XML or PDF/A-3 format (embedded XML format).
- Include all the necessary fields in it, such as the invoice address, the date it was issued, the serial number of the invoice, the QR code, and others.
- Invoice issuance is mainly in Arabic (and the invoice can include additional languages such as English).
- Provide the ability to keep invoices secure.
Ease of use of the program
There is no doubt that the ease of use of the electronic invoice program is one of the most important criteria that you are looking for when choosing the program after inspecting the prices of the electronic invoice program and ensuring that it meets the requirements of the authority, as the owners of companies and institutions are usually not with previous experience in the field of accounting, especially if they are small or medium companies, and therefore it is important to choose a program designed efficiently so that it is easy to use for those who do not have an accounting background.
The program’s integration with other electronic systems
It is important to make sure that the electronic invoicing solution you have chosen integrates seamlessly with other electronic systems, especially if your business already uses them. Businesses and organizations require a variety of electronic systems in addition to electronic invoice software, such as e-commerce programs.
Giving all the services needed
When selecting an electronic invoice program, you should review and sample all of the services offered to ensure that it offers an integrated package that satisfies your company’s accounting requirements and that you can take advantage of all these services in one location. One of the most crucial services you should look for may be the ability to prepare financial reports.
Best costs for Qoyod’s electronic invoicing program
In addition to its exceptional accounting services, which include electronic invoice services, Qoyod accounting software stands out among other electronic invoicing programs because it offers the best prices available on the market for electronic invoice programs thanks to its variety of subscription options, which can accommodate any kind of budget. Qoyod allows monthly or annual subscriptions, with the annual membership offering a 20% discount.
Qoyod also allows you to try any subscription you want completely free of charge for a period of 14 days without the need for a credit card, and you can cancel this subscription at any time. The following are the details of the subscription options that made the prices of the electronic invoice program the best prices in the market:
Lite Subscription
Lite subscription is the lowest priced subscription; it costs 60 Saudi riyals per month, +9 riyals VAT, 580 SAR annually, +87 riyals VAT, and Lite subscription offers the following features and services:
- User management (1 user).
- Branches Management (1 branch).
- Unlimited invoices.
- Customer management.
- Product and service management.
- Easy entries.
- Manual accounting entries.
- chart of accounts.
- Limited reports.
- 24/7 support.
Plus subscription
The Plus subscription is the second-lowest priced subscription; it costs 120 Saudi riyals per month + 18 riyals in VAT, 1160 SAR annually + 174 riyals in VAT, and the Plus subscription offers all the features and services provided by the Lite subscription in addition to the following:
- User Management (3 users)
- Branch and Inventory Management (1 Branch)
- Vendor Management
- Bill Generation
- Task and Project Management
- Integration Management
Premium Subscription
The Premium subscription is the subscription recommended by the Qoyod team because of the integrated features and services it provides that cover all the accounting needs of your company. The Premium subscription costs 240 SAR per month, +36 SAR VAT, and 2300 SAR annually, +345 SAR VAT. The Premium subscription provides all the features and services provided by the Plus subscription in addition to the following:
- User Management (5 Users)
- Branch and Inventory Management (5 Branches)
- Quotations Creation
- Purchase Order Creation
- Recipes and Production Management
- Access to all reports
- Integration with Zapier
Advance Subscription
The Advance subscription is the highest priced subscription in Qoyod; it costs 600 SAR per month + 90 SAR VAT and 5760 SAR annually +864 SAR VAT, and the Advance subscription offers all the features and services provided by the Premium subscription in addition to the following:
- Unlimited Users
- Unlimited Branches
- Fixed Asset Management
- Assets Depreciation
- Dedicated Account Manager
Qoyod Additives
It is worth noting that Qoyod provides you with other services that you can add to your subscription if they are among your company’s needs, which are as follows:
- Payroll: This add-on costs 120 riyals annually for each HR employee.
- Points of sale: This add-on costs 600 riyals annually per user of the points of sale.
Conclusion
The use of electronic invoicing programs has become important for many companies in various fields, as these programs not only facilitate the billing process and save time, effort, and cost, but also help business owners to fully focus, manage, and develop their business, as they get rid of the worry related to the processes of issuing invoices and tax invoices, managing them, and ensuring their accuracy and safety. Therefore, all business owners seek to know the prices of the electronic invoice program and compare them so that they choose the program that meets their accounting needs with complete professionalism and is suitable for their budget at the same time.
The Qoyod program is distinguished in this field as it provides a distinguished set of accounting services approved by the Zakat, Tax, and Customs Authority, including electronic billing services, and the prices of the electronic invoice program Qoyod are competitive prices that suit all budgets. Not only that, but it also offers its users a completely free trial period of 14 days. All you have to do is access the Qoyod accounting system through your device connected to the Internet and subscribe easily and without the need for your credit card, thus starting your company’s success journey with Qoyod.
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