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Nadim

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Articles

Recent activity by Nadim

  • Adding retention to invoices

    Retention is a deduction applied on a sales invoice total as part of an agreement between the supplier and the customer. The customer will withhold paying the retention amount until the work is com...

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  • What is Accounts Payable?

    Accounts payable is a critical aspect of any business's financial operations, particularly in dynamic and diverse markets. This article will provide an in-depth look into what accounts payable is, ...

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    • 3 votes

  • Creating an Email Template for an Invoice

    You can create an email template for every customer while sending an invoice on Wafeq.On the left-hand side choose Invoices (in the Sales section), choose Sheet view from the top bar, then create a...

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  • How to Manage Employee Commissions and Include Them in Payroll

    Managing employee commissions is essential for motivating your team and tracking financial performance. With Wafeq, you can easily add and calculate employee commissions periodically, whether tied ...

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  • What are Accounts Receivable?

    Accounts receivable is money owed to you by your customers for service or goods you’ve sold them on credit.How is the balance of Accounts Receivable determined?When you issue an invoice to a custom...

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  • Importing your data 4/4: Inventory

    Learn by watchingWatch this video on how to import your single-line data such as inventory items, or read on below. Importing your dataStep-by-step instructionsYou can import items using the impor...

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  • Recording a supplier advance

    Effectively managing advance payments to suppliers is a key aspect of financial management, ensuring that your accounts are accurate and up-to-date. This guide provides a step-by-step approach for ...

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    • 1 vote

  • How to add multiple organizations in Wafeq?

    You can have multiple organizations set up under the same Wafeq account.Creating multiple organizations from the same accountTo create a new organization:Go to your organization's workspace in the ...

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    • 4 votes

  • Sending payslips to your employees

    After running payroll, you can send your employees their payslips in PDF.Step-by-step instructionsTo send your employees their payslips PDFs through Wafeq:Go to Pay runs in the left side menu.Check...

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  • Easily Identify System and Custom Tax Rates in Wafeq

    Managing taxes accurately is crucial for compliance and financial reporting. In Wafeq, organizations automatically get pre-configured tax rates based on the country's tax authority guidelines. Thes...

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    • 1 vote