Qoyod
Pricing
Qoyod
Pricing
Professional serviceRemote bookkeeping · via SOCPA-certified accounting firms

Accurate books, every month. Run by certified accountants, tracked by you

Accountants from SOCPA-certified firms record your transactions on Qoyod or any cloud accounting system you use, per accounting standards, and prepare your financial reports. You send your documents through a dedicated WhatsApp group or Google Drive and follow the results.

SOCPA-certified firms Monthly recording per standards Monthly financial reports
AMS
SOCPA-certified accountantsPartner firms working on your books
Your team's work · May 20264 / 5
Recording this month's transactions
Done
Bank reconciliation
Done
Monthly payroll entry
Done
Financial position & P&L report
In progress
Financial position + P&LMonthly reports per accounting standards
Report
SOCPA-certified
On-time monthly close
Service scopeWhat the bookkeeping service includes

Monthly and annual deliverables in one service

Handled by accountants from firms certified and registered with the Saudi Organization for Chartered Professional Accountants (SOCPA), per the applicable accounting standards.

Daily · weekly · monthly

Transaction recording

Recording and organizing your financial transactions from your documents, on Qoyod or any cloud accounting system you use, per accounting standards.

  • On Qoyod or any cloud system
  • Per accounting standards
Monthly

Monthly financial reports

Reports that show your business's actual position: financial position, profit & loss, cash flow, changes in equity, break-even, financial forecast, and risk analysis with recommendations.

  • Financial position report
  • Profit & loss statement
Monthly

Bank reconciliation

Monthly reconciliation of your bank accounts against your entries, correcting any differences, plus payment-gateway (Tap, Tamara) and cash-custody reconciliation.

  • Any number of bank accounts
  • Monthly reconciliation
Monthly

Monthly payroll entry

Reviewing and recording payroll accrual and payment entries after you approve the payroll sheet.

  • After an approved payroll sheet
  • Excludes payroll preparation or calculation
Annual

Annual financial statements

Preparing your annual financial statements per the applicable financial reporting framework at year-end.

  • In Arabic and English
  • Per the reporting framework
Annual

Year-end deliverables

Reconciling related-party balances, posting closing adjustments, preparing the closing trial balance and providing variance analysis reports at year-end.

  • Related-party reconciliation
  • Variance analysis reports

How does the bookkeeping service work?

A clear process from day one. Certified accountants begin once your approved opening balance and required documents are in place.

1

Consultation & scoping

We understand your activity, transaction volume and accounting needs, and define the right scope.

Start
2

Account setup

We receive your approved opening balance and required documents, and review your chart of accounts.

Before start
3

Periodic recording

Accountants record your transactions daily, weekly or monthly from your documents and reconcile your bank accounts. You send documents via a dedicated WhatsApp group or Google Drive.

Monthly
4

Your periodic reports

End of each month: a financial position report and a P&L statement. For each tax period: your VAT return, prepared and filed. At year-end: your annual financial statements.

Monthly & annual

Documents required before starting

Trial balance or audited financial position
Latest audited or approved financial statements
Articles of association
Commercial registration

Note: The service is delivered through partners: accounting and audit firms certified and registered with the Saudi Organization for Chartered Professional Accountants (SOCPA). Work begins once a correct, approved opening balance is available from you; if it is not available, or there is a gap in recording, the Accounts Cleanup service is required first.

FAQAnswers to the most common questions about bookkeeping

Have a few questions?

Everything you need to know about Qoyod's bookkeeping service before you start.

What do I need to do each month as a business owner?

You send your invoices and bank statements via a dedicated WhatsApp group or Google Drive, and the accountants handle the rest.

On which system is the service delivered?

On the Qoyod accounting system or any cloud accounting system you use. Accountants record your transactions and prepare your financial reports on it per the applicable accounting standards.

Is your team qualified and officially certified?

Yes. The service is delivered through partners: accounting and audit firms certified and registered with the Saudi Organization for Chartered Professional Accountants (SOCPA).

How do I send my documents and invoices?

Through a dedicated WhatsApp group set up to receive and record them, or on Google Drive.

When are my reports delivered?

At the end of each month you receive a financial position report and a P&L statement. At year-end you receive your annual financial statements (in Arabic and English) and variance analysis reports.

Does the service include tax returns?

Yes. The accounting team prepares and files your VAT return as part of the service, alongside your monthly bookkeeping and reports.

Hand your books to certified accountants, every month

Talk to our sales team, and certified accountants begin as soon as your opening balance and required documents are in place.

SOCPA-certified firmsMonthly recording per standardsPeriodic financial reports