Nadim
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New Product Features [October-2023]
At Wafeq, we understand that in the dynamic world of business management, the only constant is change. To stay ahead of the curve, we're dedicated to continuously refining our software to not on...
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New Product Features [March-2023]
At Wafeq, we are committed to providing the best accounting solutions for small and medium-sized enterprises (SMEs). We are excited to announce some new features that will streamline your acco...
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How to use delivery notes
A delivery note, also known as a delivery slip or dispatch note, is a document that acknowledges the delivery of goods from a supplier to a customer. It serves as proof that the goods described on ...
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Setting up an initial quantity on hand for an inventory item
When you start using Wafeq, you most likely already have inventory stock. This article explains how you can set up the opening quantity on hand for an inventory item.Learn by watchingWatch this vid...
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Wafeq's New Product Features [Jan-2023]
We at believe that our customer feedback and requests are essential factors in moving forward. That's why we keep enhancing our product and adding features that streamline your experience and help...
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System accounts and locked accounts
In the Chart of Accounts, some accounts have a padlock icon 🔒. This means that you cannot delete these accounts.There are three main reasons you won't be able to delete an account: it's a system ac...
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Troubleshooting mismatching bank balances
Understand the different bank balances in Wafeq and how to troubleshoot reconciliation errors. The different types of balancesYou will see three types of bank balances for your bank account in Wafe...
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Spreading an expense over several months
Learn how to amortize an expense such as a prepaid rent over several periods.How to spread an expense paid upfrontAssume you've paid 12,000 + 15% VAT = 13,800 rent upfront for 1 year and you want t...
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Managing employee advances
You may give your employee a cash advance for cash expenses they may need to pay while performing their job. Watch our step-by-step video to know more:  Record the cash advance to the employeeCreat...
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Updated VAT and Subtotal Calculations in Wafeq (December 8, 2023)
As of December 8, 2023, Wafeq has implemented new methods for calculating VAT and subtotals to align with recent regulations from local tax authorities. New Calculation MethodThe updated calculatio...
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