Qoyod supports E-invoice approved by Zakat Authority

E-Invoice
After the implementation of the e-invoice system in the Kingdom of Saudi Arabia, it became mandatory for every enterprise to search for a program that supports the e-invoice to meet the requirements of the Zakat and Income Authority.

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Have you been exhausted by the many choices on the Internet.

so you kept looking for a program that supports the electronic invoice approved by the Zakat and Income Authority, but you still haven’t found what you want?

Did you stand confused in front of dozens of programs and made you ask yourself which one you will choose, and whether you will choose right or not? It’s okay, take it easy.

In this article, we will help you in the selection process.

But first we recommend that you deal with Qoyod, the first cloud accounting software that offers the e-invoice system approved by the Zakat and Tax Authority, and we promise you that you will not regret.

What is an e-invoice?

According to the definition of the Zakat and Income Authority, it is a digital invoice, issued electronically to facilitate everyone.

It includes a specific number of items in a specific format to be shared with handwritten invoices that have been scanned using a scanner, Or issued by electronic billboard editing software.

As well as with the Authority’s digital system, this invoice relates to all transactions related to the sale or purchase of goods, and to services provided between companies established in the Kingdom of Saudi Arabia, which are subject to value added tax.

Electronic invoicing requirements

E-invoicing requirements have two phases:

First phase

The first phase of electronic invoicing was implemented on the fourth of December 2021, and it includes the following:

  • Actual cessation of traditional invoice issuance.
  • If the buyer is an establishment and not an individual, then the tax number is added to it.
  • Print a QR code for the e-invoice issued to individuals.

Second phase

It is worth mentioning that the Zakat and Tax Authority officially issued the application of the second phase of the electronic invoice starting from 2023.

which includes all the requirements of the first phase, in addition to the following:

  • Issuance of e-invoices in XML, PDF/A-3 format. 
  • Providing tamper prevention feature, such as: digital seal, encryption function.
  • In addition to other technical features, such as: Universally Unique Invoice Identifier (UUID)
  • Finally, achieving integration and linking with the system of the Zakat, Income and Customs Authority.

How is e-invoice applied in Saudi Arabia?

If you want to implement e-invoicing in the Kingdom of Saudi Arabia, organizations must have an electronic invoicing system that can integrate with them.

It is committed to all electronic invoicing requirements, and it is worth noting that the implementation of these invoices goes through two stages:

The first stage: This stage has already been implemented and is related to issuing the invoice electronically without the need to link the billing systems to the Authority’s Fatora platform.

The second stage: This stage links the billing systems to the Fatora platform, so that the Zakat and Income Authority is fully aware of the invoices when they are issued.

It is worth noting that Qoyod is the first integrated accounting program that supports the two stages.

As it is easy to use, and extends a helping hand to you and does not leave you until you are completely happy with the stage your work has reached.

Qoyod, the first accounting program that supports the e-invoice system approved by the Zakat and Tax Authority.

Are you looking for a program that supports e-invoice and did not find?

Qoyod is your optimal solution.

It is the first cloud accounting software to introduce the electronic invoice system approved by the Zakat, Income and Customs Authority without paying additional fees, or even requesting an activation.

So everyone likes it, and they can’t give it up, and even you can use it and then tell us what you think about this program.

It is worth mentioning that it is an integrated system to manage your projects with ease, as it handles all financial and accounting processes of companies on the Internet.

It also provides the human and financial resources of traditional accounting software, all at unparalleled competitive prices.

So far, what’s preventing you from using it?

Go ahead, have a free 14-day trial of Qoyod, and see for yourself what it can do for your company. 

The importance of Qoyod for the e-invoice system

Are you looking for a cloud accounting software that offers an electronic invoice system without paying additional fees?

And at the same time be good for your project? This is what Qoyod provides, as it offers you everything you want, at unbeatable prices, in addition to many other advantages, such as:

  • Issuing the invoice electronically, which includes all the items specified by the Zakat, Income and Customs Authority for the new billing system.
  • Qoyod program does not require downloading it to electronic devices, because it is high-quality cloud software.
  • It enables you to save your electronic invoices as a draft, so you can refer to them at the time you want, modify them, and delete them if you want.
  • Providing many packages that suit all projects.
  • Easy activation of electronic invoices from the system settings immediately.
  • Include each e-invoice on the QR code.

The conclusion

Still confused? I highly recommend you to use Qoyod (the first integrated accounting software) to manage your projects with ease.

It is the first program that supports the electronic invoice and is approved by the Zakat, Income and Customs Authority.

it also supports the POS system … Not only that, the program is designed to comply with all international accounting standards in particular, and when we recommend you to use Qood, it does not come out of nowhere, as it has proven its worth among all other programs.

At the end of this article, we would like to point out the importance of Qoyod in the field of accounting, and this is what you will notice yourself, when you find all the tools that meet all your accounting needs.

Such as: POS system and electronic invoicing requirements… etc., making it the most suitable choice for everyone.

What are you waiting for? Try Qoyod now for free, for 14 days, and enjoy a program that helps you manage all your accounts, and you don’t have to worry anymore.

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