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Ashrakat Rady

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Articles

Recent activity by Ashrakat Rady

  • Avoiding VAT return mistakes and checklist review

    Wafeq automatically generates the VAT return based on your day-to-day recorded transactions. However, in some cases, the report might appear incomplete or even empty, usually due to incorrect tax a...

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  • Writing off an invoice

    In business, not every invoice gets paid. Sometimes, a customer becomes unreachable, a small amount isn’t worth pursuing, or the debt is confirmed to be uncollectible. In these cases, instead of ke...

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  • Wafeq & PalmHR Integration

    While Wafeq focuses on precise accounting management, PalmHR provides you with a comprehensive human resources solution. By integrating both systems, you gain a unified experience that covers all o...

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  • Opening Balances for Bank Account

    When transitioning to using Wafeq for the first time, it’s essential to record the balance in your bank account according to what was recorded in the previous system or from your bank records. In t...

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  • Recording a VAT payment to the Tax Authority

    After submitting your VAT return through the Zakat, Tax and Customs Authority platform, you should record the payment inside Wafeq.Even if the payment was made from your bank account, its impact wo...

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  • Recurring Invoices

    Recurring invoices are not much different from regular sales invoices. The key distinction is that they are automatically repeated on specific dates, without the need to create them manually each t...

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  • Balance Sheet

    The Balance Sheet is the report that provides an accurate snapshot of your company’s financial standing at a specific point in time. In Wafeq, this statement is automatically updated based on all y...

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  • Interakt & Wafeq Integration

    In today’s fast-paced business environment, scattered data across accounting, marketing, and customer service platforms has become one of the biggest challenges for small and medium-sized businesse...

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  • Setting Up Opening Balances for Customers and Suppliers (Contacts)

    When transitioning to Wafeq, it's important to transfer the outstanding bill balances for both customers and suppliers to accurately manage accounts receivable and payable. In Wafeq, customer and s...

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  • Management Reports in Wafeq

    The need for financial reports goes beyond accountants, it extends to managers, partners, and investors who rely on clear and consolidated financial insights to make informed decisions.To simplify ...

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