Alternatives, with limits
Wafeq alternatives — and when you should stay
Wafeq is a strong SAR cloud-accounting choice with Phase 2 on Plus. Look elsewhere for a no-signup invoice, daily collections, native POS, a cheaper SAR entry (Zoho), or ERP (Odoo).
Accounting and e-invoicing for Saudi Arabia and the UAE, priced in SAR, with a 14-day trial and no card. Wafeq’s site states 18,000+ businesses. Figure is Wafeq’s own; last verified 2026-08-29.
Wafeq and Fawtar
| Criterion | Wafeq | Fawtar |
|---|---|---|
| Price | Saudi pricing page: Starter SAR 119/month or SAR 99/month billed annually (SAR 1,190/year); Plus SAR 149 / 119 (SAR 1,430); Premium SAR 249 / 199 (SAR 2,390). Enterprise on request. Verified 2026-08-29. | Free: SAR 0 for up to 3 invoices/month with a watermark. Pro: 12.99 USD/month via PayPal after a 7-day trial (about SAR 49). Business: 25.99 USD/month (about SAR 99). Fawtar has no mada/SAR rail for its own subscriptions as of 2026-08-29. |
| Intended company size | Saudi/UAE businesses and accountants, plus Enterprise. | Freelancers and service SMEs. |
| Invoicing | Invoices and credit notes; Wafeq branding removable on Starter. Phase 2 from Plus. | Ordinary or tax invoice, Arabic PDF, Phase 1 QR, public generator with no signup. |
| Quotations | Quotations listed on the Saudi Starter plan. | Arabic quotes with accept / revise / reject, then invoice and staged payments. Pro plan. |
| Collections | Wafeq is accounting-and-invoice led. Day-to-day collections workflow is not the pricing-page centrepiece. | Payment requests, collection links, transfer proofs, receipts, a daily follow-up list, and reminder copy you send yourself. Pro. |
| Receivables aging | Wafeq advertises 40+ financial reports. Aging detail is not specified on the pricing page. | Customer aging (current / 1–30 / 31–60 / 61–90 / 90+) and CSV, plus a no-account calculator. |
| Accounting | Cloud accounting is the core product, with multi-entity reports on Premium. | Double-entry ledger with automatic posting on Business. Not a multi-company practice suite at Wafeq/Qoyod scale. |
| VAT reporting | Starter lists auto-generated tax returns. | VAT report on Business, plus a public return estimator that does not store your figures. |
| ZATCA Phase 2 | The Saudi pricing page puts Phase 2 e-invoicing on Plus and above, not Starter. Homepage copy describes Phase 1 invoices as following ZATCA requirements. That is Wafeq’s wording, not a ZATCA certificate we restate. | A Phase 2 integration path exists on the Business plan: device onboarding with a Fatoora OTP, simplified-invoice signing, and Reporting/Clearance routes. As of 29 August 2026 no customer has completed production onboarding end to end, and Fawtar is not described as a ZATCA-approved or listed solution. |
| Inventory | Inventory and multiple warehouses on Premium. | Stock deduction with POS on Business. Not multi-warehouse / BOM inventory. |
| POS | Not publicly documented as of 2026-08-29. A native POS on the Saudi pricing page. | POS issues a simplified tax invoice with QR, deducts stock, and runs cash-drawer shifts. Business plan. |
| Payroll | Payroll management on Premium. | Payroll with GOSI by nationality/scheme and a WPS file. Business plan. Not a full HRIS. |
| Project profitability | Project and cost-centre tracking from Plus. | Project margin from quotes, invoices and costs on Business, including deposit and milestone billing. |
| API | Public API docs, with an e-invoicing API on Premium. | Documented REST + OpenAPI + MCP on Business. Filter grammar aligned with Qoyod to ease migration. |
| Webhooks | Not publicly documented as of 2026-08-29. Signed webhooks as a standalone pricing-page capability. | Signed webhooks for invoice and payment events, plus Google Sheets feeds. Docs are public. |
| Bank reconciliation | Bank reconciliation on Starter. Direct Saudi bank feeds are mentioned on Wafeq’s Enterprise comparison copy. | User-reviewed statement matching on Business. Not a direct Saudi bank feed. |
| Branches | One branch on Plus, unlimited on Premium, with paid extra branches. | Branches on the Business plan. |
| Cost centers | Projects and cost centres from Plus. | Cost centres on Business. |
| Mobile experience | Wafeq markets mobile use of the cloud product. | A PWA in the mobile browser. No native app-store application. |
| Integrations | Stripe on Starter, Foodics on Premium, e-invoicing API on Premium. | Salla was tested on a real production store. Zid/Shopify/Woo paths exist. MCP, Sheets and webhooks. Not Foodics. |
| Free tier / trial | 14-day trial, no credit card. No perpetual free plan on the Saudi pricing page. | Public tools with no signup, a free account at 3 invoices/month, and a 7-day Pro trial that requires a card. |
| Arabic UX | Arabic and English as a product and site. | Arabic-first RTL, with Arabic PDFs rather than mirrored English templates. Wafeq and Qoyod are Arabic too. |
| Limitations | Phase 2 is not on Starter. Payroll and inventory sit on Premium. No native POS documented on the pricing page. | Subscriptions are PayPal USD with a card. Phase 2 has no completed customer production onboarding. Customer WhatsApp is not operationally enabled pending template approval. No third-party ratings republished here. |
| Best for | A business that wants SAR-priced cloud accounting, Phase 2 on Plus, and a longer market presence. | A Saudi service business that needs an Arabic invoice today, then collections and a ledger, without starting on an ERP. |
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