Wafeq software simplifies financial management by offering invoicing, expense tracking, and reporting tools. While new users may need some initial training, its intuitive design streamlines accounting tasks, making it an ideal solution for businesses seeking effective and straightforward finance management in one platform.

Wafeq Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

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What Is Wafeq?

Overview

Wafeq is a cloud-based accounting software tailored for businesses across various industries. It offers a comprehensive suite of solutions designed to simplify financial operations, including expense management, and financial reporting. By automating and streamlining these processes, Wafeq addresses common issues such as manual data entry errors and time-consuming reconciliation tasks. Its user-friendly interface and robust functionality make it an accessible choice for businesses looking to improve their financial management without requiring extensive accounting expertise.

Wafeq Pricing

Wafeq offers four packages:

  • Starter: $19/month (designed for small businesses requiring only invoices)
  • Plus: $29/month (designed to aid companies control finances)
  • Premium: $69/month (provides a complete accounting solution)
  • Enterprise: Custom quote provided (for larger companies that need customization)
However, Wafeq cost will differ depending on your organization type and needs. Users can get pricing for the plan that best suits them.

Disclaimer: The pricing is subject to change.

Wafeq Integrations

The software seamlessly integrates with Stripe, Foodics and Salla. Watch a free Wafeq demo to learn more about its integrations.

Who Is Wafeq For?

Wafeq is designed for businesses of all sizes across various industries, including:

  • Accounting
  • Marketing and advertising
  • Media production
  • Retail
  • Professional services
  • Hospitality
  • Construction

Is Wafeq Right For You?

Wafeq excels in user-friendly, practical financial oversight. As an all-in-one solution, it's trusted by over 7,000 companies globally for its scalability and security. Notable clients include Proton, GBS Oil & Gas, Bryanston Logistics, and Tabby.

Still not sure if Wafeq is right for you? Get in touch with our customer support team at (661) 384-7070, and it will help you make the best decision.

Wafeq Features

Wafeq simplifies the management of supplier invoices and employee reimbursements. It streamlines the approval process and tracks expenses, ensuring accurate financial records and reducing administrative overhead for efficient expense management.

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This feature handles salary calculations, tax deductions, and benefits management. It automates payroll processing, ensuring timely and accurate payments while maintaining compliance with labor regulations.

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Wafeq monitors stock levels, manages orders, and tracks inventory movement. It helps businesses maintain optimal stock levels, reduce holding costs, and prevent stockouts or overstock situations, ensuring efficient inventory management.

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Users can automate the calculation and preparation of VAT returns, ensuring compliance with tax regulations. It simplifies the process of gathering necessary data, reducing the risk of errors, and facilitating timely submission of VAT reports.

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Wafeq generates detailed financial reports and analytics. It provides actionable insights into business performance, aiding in informed decision-making and financial planning by delivering clear, accurate, and comprehensive financial data.

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Pros and Cons of Wafeq

Pros

  • Cost-effective
  • Easy, fast, and sophisticated tool
  • Extensive suite of tools
  • Automation efficiency
  • Regular updates

Cons

  • Lacks advanced payroll features
  • Customer support could be better

Wafeq Reviews

Overall Rating

5

4 Review(s)

Rating Distribution

5

star

(4)

4

star

3

star

2

star

1

star

November 2022

highly recommend Wafeq!

Sameh

Marketing and Advertising

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

I had the opportunity to use Wafeq for my e-invoicing and tax returns for my company in the UAE and I was very impressed. Wafeq software is easy to navigate and user-friendly. I would highly recommend Wafeq to any small business owner seeking excellent accounting software.

Cons

No cons on my end to mention. Wafeq is smooth and fast so keep up the good work!

November 2022

Amazing software

Ramy

Media Production

Ease of use

10

Value for money

10

Customer Support

9

Functionality

10

Pros

I was using another accounting software for my e-invoicing and tax needs but it was really slow and hard to navigate. A friend recommended Wafeq and I am so grateful she did! Its an excellent accounting software that is much faster and easier to use. Plus, its quite affordable. I would recommend Wafeq to anyone in need of reliable accounting software.

Cons

I do not see any cons as its simple, easy and provides a great overall experience.

November 2022

Excellent accounting software

Anna

Marketing and Advertising

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

I have been using Wafeq for almost a year now and I truly love it! Its fantastic accounting software for e-invoicing and tax needs. It is also really user friendly, fast and sophisticated. I highly recommend it! It has freed up a lot of my time which allows me to focus on my work and avoid issues with Excel sheets.

Cons

No cons to mention. Wafeq is simple and easy to use.

Frequently Asked Questions

Yes, Wafeq offers an API.