Accounting & Financial Software
Cloud-based accounting and financial management solutions for Saudi businesses — from bookkeeping and invoicing to payroll, tax automation, and full ZATCA Phase 2 e-invoicing compliance. Custom-built or integrated with Odoo, Qoyod, and other platforms.
Book a Free ConsultationWhat does accounting software for a Saudi business need to handle?
Accounting software for a Saudi business has to cover three regulatory layers on top of double-entry bookkeeping: ZATCA e-invoicing, GOSI and Saudi Labour Law payroll, and IFRS reporting. Mantiqi brings these into one system on Odoo, Qoyod or a custom build, with ZATCA-cleared invoices, payroll and bank reconciliation, so month-end no longer depends on a patchwork of spreadsheets.
Typical timeline: About 10 weeks: audit in week 1, setup in weeks 2–5, migration and bank automation in weeks 5–8, reporting and handover in weeks 8–10.
Sources
Why this matters
Saudi accounting has three regulatory layers stacked on top of standard double-entry: ZATCA Phase 2 e-invoicing (standard tax invoices cleared through the FATOORA platform before they are shared with the buyer; simplified invoices reported within 24 hours), GOSI / Saudi Labour Law payroll (specific deductions, EOSB calculations, Hijri leave handling), and IFRS reporting (which most local templates handle badly). Most small finance teams cope with a patchwork — Excel for payroll, Xero or Tally for general ledger, a bolt-on invoicing tool for ZATCA, manual reconciliation against Saudi bank statement formats nobody else parses. Mantiqi consolidates this into one system that handles all three regulatory layers natively, so month-end stops being a 5-day fire drill.
What We Deliver
How we deliver
- 01
Finance landscape audit
Week 1We sit with your finance lead, walk every monthly + quarterly close routine, identify which steps are manual / brittle / dependent on one person knowing the spreadsheet, and produce a written remediation map with effort × impact ranking.
- Current-state finance process map
- Manual-step inventory + automation candidates
- ZATCA / GOSI / IFRS gap analysis
- Recommended platform + integration plan
- 02
Platform setup + Saudi-compliance config
Weeks 2–5We deploy the recommended core platform (typically Odoo Finance for full coverage, Qoyod for SMBs that want a Saudi-native UI, or custom modules on top of an existing ERP) with GOSI payroll, ZATCA Phase 2 integration, and IFRS-aligned chart of accounts pre-configured.
- Platform deployment + Saudi configuration
- GOSI-compliant payroll module
- ZATCA Phase 2 e-invoicing integration
- IFRS chart of accounts + reporting
- 03
Migration + bank automation
Weeks 5–8Historical data migration with parallel-run validation, automated bank-statement parsing for Saudi bank formats (SNB, Al Rajhi, Riyad Bank, ANB MT940 / CAMT), and reconciliation rules tuned per merchant / vendor pattern.
- Historical data migration + reconciliation
- Saudi bank-statement automated import
- Reconciliation rule library
- Parallel-run validation report
- 04
Reporting + handover
Weeks 8–10 + ongoingExecutive financial dashboards (P&L, cash flow, AR aging, budget vs actual), audit-ready transaction trail, finance team training, and optional managed-services tier covering ZATCA schema patches + Odoo version upgrades.
- Executive financial dashboards
- Audit-ready transaction trail
- Finance team training + runbooks
- Managed-finance support tier
Frequently asked questions
Default decision: Odoo for businesses with >30 employees or multi-entity complexity (covers HR + payroll + finance + invoicing under one roof). Qoyod for SMBs that prioritize a Saudi-native Arabic UI and don't need HR/payroll integration. Xero for cross-border businesses where ZATCA is one of several regulatory regimes (we add a ZATCA bridge). Custom only when your business has genuinely unique requirements no standard platform handles.
Overlap intentionally — those pages cover the platform / compliance pieces in depth. This page is for when you want the full financial system (general ledger + payroll + ZATCA + reporting + reconciliation) treated as one engagement instead of three. Often the right choice for a finance team that's currently running a patchwork of tools and wants to consolidate.
We build the system; we don't run it for you. For bookkeeping operations (recording transactions, monthly close, payroll runs) we partner with Saudi-licensed accounting firms when clients want a managed-services arrangement. The system we build is designed to make their work fast — not to replace them.
We design with audit-readiness as a first-class concern: every transaction has full source documentation linked, ZATCA-cleared invoices are stored as legal PDFs alongside the journal entries, and we generate the standard auditor reports (TB, GL detail, transaction sample) on demand. Most external auditors prefer working off our system over a spreadsheet handoff.
Yes for Saudi banks that publish standard formats (SNB, Al Rajhi, Riyad Bank, ANB, AlBilad — most via MT940 or CAMT.053). Less common formats and bespoke CSV exports we parse with custom adapters. Open Banking APIs are coming via SAMA's framework but coverage is still partial — we use them where available and fall back to file-based imports otherwise.
Still have questions?
Our team is ready to help. Reach out and we'll get back to you as soon as possible.
Free offer
Free finance-stack consolidation review
Tell us about your current finance setup (which platforms, which spreadsheets, what hurts most each month-end). We'll send back a written review covering consolidation candidates, ZATCA / GOSI / IFRS coverage gaps, and a phased migration plan with effort estimates.
Get the review