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WaslaSoft, the Best E-Invoicing Online Accounting Software

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Accounting Solutions
2021-12-24
5 min read
WaslaSoft, the Best E-Invoicing Online Accounting Software

Electronic Invoicing in Saudi Arabia

Electronic invoicing has become mandatory in Saudi Arabia under the regulations issued by the Zakat, Tax and Customs Authority (ZATCA). The finalized legislation includes technical specifications and procedural requirements applicable to both B2B and B2C transactions.

All taxpayers in the Kingdom must adopt compliant e-invoicing systems that support QR code generation and meet regulatory standards.

Benefits of E-Invoicing

The implementation of e-invoicing provides significant benefits to businesses and the national economy:

Improves the overall business ecosystem

Reduces hidden economy transactions

Enhances tax compliance

Increases transparency in documentation

Enriches customer experience

Minimizes payment delays

Implementation Phases Phase 1 – Generation (Effective from 4 December 2021)

Taxpayers must generate electronic invoices according to ZATCA standards.

Phase 2 – Integration (Effective from 1 January 2023)

Businesses must integrate their systems directly with ZATCA’s platform in compliance with technical and security requirements.

How Businesses Are Affected

With ongoing fiscal reforms, businesses must adapt their operations to comply with the updated e-invoicing regulations.

Advantages of implementing online accounting software include:

Tax included invoices

Record maintenance for up to 5 years

Simplified returns filing

Reduced administrative workload

Efficient and secure operations

About WaslaSoft

WaslaSoft is a cloud-based, VAT-enabled accounting and e-invoicing software developed to fulfill ZATCA’s requirements.

It is an all-in-one solution tailored to equip businesses for both Generation and Integration phases.

Key Features of WaslaSoft

B2B and B2C invoice generation

English and Arabic invoice support

Integrated QR code provision

Easy data migration

Seamless ERP integrations

Secure cloud hosting with backup

Access from anywhere on any device

POS Solutions Integration

WaslaSoft also integrates with:

Retail POS

Employee management

Customer database

Purchase orders

Inventory management

Financial management

Analytical reporting

Restaurant POS

Floor layout configuration

Dine-in and takeaway management

Inventory control

Financial reporting

Business analytics

Why Choose Febno’s WaslaSoft?

WaslaSoft is designed to meet regulatory compliance while reducing operational workload. Our technical experts provide complete implementation guidance to ensure smooth adoption and system integration.

IT

Written by Insight Team

Our technical analysis department focuses on delivering the latest insights in Cloud Computing, ERP solutions, and Enterprise Digital Transformation.

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