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, workflows within the Zoho suite, or ERP (Odoo). Compare the plan, limits and billing cycle rather than assuming one product is cheapest for everyone.
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: up to 3 invoices/month with a Fawtar PDF footer. Pro SAR 49/month; Business SAR 99/month by card, Apple Pay or Google Pay through Lemon Squeezy, VAT included. Pro trial: 1 day, card checkout confirmation required; auto-renews unless cancelled. |
| 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 with Phase 1 QR. Preview without signup; PDF on a free account with no card (3 a month). |
| 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: Pro for invoicing, Business for everything. 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 1-day Pro trial after card checkout confirmation. |
| 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. | Checkout in SAR by card, Apple Pay or Google Pay through Lemon Squeezy. The published 29 August 2026 snapshot records no completed customer Phase 2 production onboarding. No ZATCA approval claim or third-party ratings. |
| 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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Short questions
Is this an independent list?
No. Fawtar publishes it. The point is to show when the original product is still the better fit, and when Fawtar or a third system is.
Where do prices come from?
Official sites as of 2026-08-29. If a figure is not in HTML we mark it as not publicly documented.