Wafeq Accounting and E-Invoicing Software
Wafeq helps business owners and accountants manage financial tasks and tax compliance. It is designed for teams that need automated VAT returns and digital bill entry.
At a glance
- Category
- Finance & Accounting
- Best for
- Small Businesses, Mid-Market Companies, Enterprise Companies, Professional Accountants
- Pricing
- Wafeq offers a 14-day free trial with no credit card required. Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- Key use cases
- Billing and Invoicing, Expense and Bill Management, Tax Compliance Support, Employee Payroll, Multi-Entity Accounting
- Official website
- wafeq.com
Wafeq is an accounting and e-invoicing solution designed for business owners and professional accountants. It provides a system for managing financial workflows, from quotes to financial statements.
The software supports multi-organization management and branch tracking, allowing users to handle several entities under a single account.
Key capabilities include invoicing, payroll processing, and inventory management. The platform also includes tools to assist with tax compliance, such as generating VAT returns in required formats. Buyers should confirm if the specific regional tax requirements and API capabilities align with their local operational needs.
Key Features
Supports creating and sending invoices, quotes, and purchase orders via email or WhatsApp.
Uses AI-powered optical character recognition to read bills and fill in details from uploaded documents.
Generates VAT returns in the tax authority's format to support filing processes.
Supports employee payroll and provides a workflow for employees to submit expense claims.
Generates over 40 reports, including Profit and Loss statements and cash forecasting.
Tracks stock levels and books the Cost of Goods.
Includes over 60 permission settings to control what team members can access or edit.
Use Cases
Creating tailored invoices and sending them to clients through digital channels.
Using AI OCR to digitize bills and managing purchase orders.
Generating automated VAT returns for submission to tax authorities.
Processing payroll and managing employee reimbursement claims.
Managing finances across multiple organizations or business branches from a single account.
Best For
Pricing
Wafeq offers a 14-day free trial with no credit card required. Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
Wafeq is designed for business owners and professional accountants across small, mid-market, and enterprise-sized companies.
Yes, Wafeq provides a 14-day free trial that does not require a credit card to start.
The AI OCR technology reads uploaded bills and automatically fills in the details, which may reduce manual data entry.
Yes, the software supports managing multiple organizations or branches under one account, allowing for consolidated financial statements.
Source category: Finance & Accounting
Source subcategory: Billing & Invoicing
