Qoyod Professional Services: VAT, Bookkeeping, Chart of Accounts, Invoice Design, Opening Balances, Account Migration, and Consulting – Definition and How to Request

Here are details of the accounting services provided by Qoyod

1. Value Added Tax Service

In Value Added Tax services through Qoyod, you will receive integrated support that ensures your compliance with the requirements of the General Authority of Zakat and Income Tax and Customs (ZATCA). Our team collaborates with J&G Professional Services Group, which has extensive experience in preparing and submitting tax returns, and you will receive the following:

Detailed review of the ZATCA declaration

Zakat and income declaration review service, with the goal of ensuring the accuracy and correctness of the data contained in it before submitting it to the competent authorities, as well as submitting the declaration in the correct manner to ensure full compliance with the General Authority of Zakat and Income Tax and Customs.

Submitting the ZATCA declaration

After review, we will handle submitting your declaration through the ZATCA portal, to ensure it is submitted on time and avoid any financial penalties.

Detailed review of the tax declaration

All details of your company’s tax declaration will be reviewed to ensure the accuracy and correctness of the information, helping you avoid potential errors or delays.

Submitting the tax declaration

After review, we will handle submitting your declaration directly through the ZATCA portal, to ensure it is submitted on time and avoid any financial penalties.

2. Bookkeeping Service

In today’s business world, organizing finances and accounts is extremely important. However, amidst expansion and growth, you may find it difficult to keep track of the precise details of data entry and record updates. This is where bookkeeping service comes to be the exact solution you need! Here are some reasons that make it the perfect choice to help you succeed in your business:

• Precise financial organization
  With bookkeeping service, you won’t leave any financial details without tracking. We will help you record all financial transactions (sales, expenses, revenues, payments…) in a regular and organized manner, which allows you to have a clear view of your business’s financial status at any time.

• Accurate and timely financial reports
  Thanks to bookkeeping, you will be able to get accurate and updated financial reports monthly, such as income statements and balance sheets. These reports will help you make well-thought-out and constructive strategic decisions to increase your profits and improve your business performance.

• Monthly account reconciliation
  You won’t miss any financial transaction thanks to regular monthly reconciliations. Whether you need to update payment accounts or handle diverse revenues, we will ensure that everything is clear and up to date.

• Saving time and effort
  Leaving financial details to professionals allows you to focus on what is most important: developing your business and achieving your goals. You won’t need to worry about complex details that take a long time, as we handle everything on your behalf.

• Compliance with legal standards
  Most companies require compliance with local and international accounting standards. With bookkeeping service, you will ensure that you are operating in accordance with laws and regulations, which protects you from any legal or financial problems.

• Supporting your business growth
  When you have a clear view of your company’s financial situation, you can make strategic decisions that lead to expanding your business and increasing profits. We provide you with the financial tools that help you achieve sustainable growth.

3. Account Arrangement Service

Before starting monthly bookkeeping services, we will conduct a detailed review of financial entries from previous months to ensure there are no discrepancies or errors that may have occurred previously, and it ensures:

• Including all financial entries
  All important financial entries and transactions, such as bank transfers and employee salaries, so we prepare your financial data and provide you with a reliable starting point for managing your accounts.

• Data integrity and correctness
  If our team discovers any discrepancies or errors, we will provide you with a comprehensive report of the findings. If needed, you can subscribe to bookkeeping service to correct those entries and update your accounts.

4. Invoice Design Service

Through invoice template design service, the invoice is designed to reflect your company’s image in the best way. We offer you a variety of ready-made and customizable templates, or we design an invoice according to your requirements.

• Full customization
  You can customize the invoice design to match your company’s identity, colors, and logo.

• Ease of use
  You can create and edit new invoices easily and quickly.

Note that the cost of invoice design is 230. Also, the design is separate from the price quote and creditor notice, each of which costs 230 as well.

5. Opening Balance Entry Service

When you register for this service, your balances are transferred from another program to the Qoyod program based on the lists you provide, ensuring the accuracy and transparency of these balances by the Qoyod team.
Opening balance setup service is the solid foundation for your records and financial data, and helps you when starting your business activity or when transferring your business.

6. Account Transfer Service

Through this service, previous balances are transferred to your entity in Qoyod, and the service includes transferring sales invoices and purchase invoices to the Qoyod program.

• Protecting your data
  We transfer accounts smoothly and without any data loss.

• Ensuring accuracy
  Our team verifies the accuracy of the data before completing the process.

Note:

7. Consulting Services

When you register for this service, consultation is provided to you or your company according to your needs for the available consultations:

• Tax consultation
• Accounting consultation
• Financial consultation

By our partners in certified accounting offices.

• Making appropriate financial decisions
  Accelerating growth and reducing exposure to unexpected financial risks.

• Compliance with regulations and laws
  Compliance with financial rules and regulations in the Kingdom of Saudi Arabia and avoiding any penalties or financial fines.

How to request a service (Consulting Services, Account Transfer Service, Opening Balance Entry Service, Invoice Design Service, Account Arrangement Service, Bookkeeping Service, Value Added Tax Service)

Instructions on how to apply for Qoyod Professional Services

Clients can apply for Qoyod Professional Services automatically for all services except Qoyod Academy through the following steps:

• Click on “Professional Services” in the program.
• Then choose the required service (Value Added Tax Service, Bookkeeping Service, Account Arrangement Service, Setup Service, Training Service, Invoice Design Service, Opening Balance Entry Service, Account Transfer Service, Consulting Services)
• Then click on “Contact the Team”.
• After that, the request will be submitted to the specialized team.
• The specialized team will send an email to the client to confirm receipt of the request and inform them that the client will be contacted and a quote will be sent.

  

Important notes: