This article answers the most common questions from Qoyod customers about using the software, cost centers, data import, training, and automated accounting.
Can I use Qoyod without a full accounting background?
Yes. Qoyod is designed to make accounting easy for entrepreneurs running their own businesses. Qoyod also offers a “Hire an Accountant” service to set up the system or train you on using it.
Is there a cost center feature for analyzing revenue and expenses?
Yes. Custom fields are used as cost centers, enabling advanced analysis of revenue and expenses across the income statement, balance sheet, and trial balance.
Can I import previous data into the system?
Yes. You can import:
- Customer list.
- Supplier list.
- Product list.
- Chart of Accounts.
Import is done by downloading an Excel template from Qoyod, filling it with data, and uploading it to the system.
Does Qoyod provide software training?
Yes. Online training on using Qoyod is available. To request the service, fill in the service request form on the Professional Services page in Qoyod, or call 8004330088.
Is accounting in Qoyod automatic or manual?
Accounting is automatic. As soon as a sales or purchase Invoice is created, the transaction is recorded across all accounting books and reflected directly on the financial statements in a properly prepared, share-ready format.
Does Qoyod serve the service sector?
Yes. Qoyod is not limited to products and costs; it also supports adding services in a simple way, and sales and purchase Invoices handle them just like products.
