The Riyadh startup that decided accounting should be the easy part of running a business - and built a cloud ledger, POS and ZATCA e-invoicing system to prove it.
In Arabic, qoyod (قيود) means the entries in an accounting ledger - the debits and credits that quietly hold a business together. It is a fitting name for a company whose whole ambition is to make those entries something a shop owner never has to think about.
Qoyod is a cloud accounting and electronic-invoicing platform built in Riyadh for the Saudi market. It lets a small or medium business issue invoices, track expenses and inventory, pull real-time financial reports, and stay compliant with the Kingdom's tax rules - without hiring a bookkeeper or learning double-entry accounting. When a user creates an invoice, the corresponding journal entry is recorded automatically in the background. That is the trick, repeated across everything the product touches: the accounting is there, but it is out of the way.
The company was founded in 2016 by Abdullah AlDayel, who came from an IT-governance and project-management background. His first venture set out to resell international cloud software inside Saudi Arabia. The tools did not fit - local tax rules, Arabic-first workflows and the needs of the country's small merchants were not what global suites were built for. So he built Qoyod instead. Today it reports more than 25,000 companies and institutions on the platform, over 100,000 monthly active users, and upwards of 25 million accounting transactions processed every month.
"The need for a simple accounting solution is immense. Qoyod targets SMEs, providing software that is easy to use and that doesn't require accounting knowledge or expertise."
Qoyod's users are rarely accountants. They are retailers, clinics, restaurants, service firms and contractors - the small and medium businesses that make up the backbone of the Saudi economy and, until recently, ran on spreadsheets and shoeboxes.
Merchants on Salla, Zid, WooCommerce and Shopify sync sales straight into their books and issue compliant invoices at checkout.
Q Flavours, Qoyod's restaurant POS, ties table sales to the ledger and ZATCA e-invoicing in one flow.
Healthcare practices and construction firms handle invoicing, VAT and expenses without a dedicated finance team.
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) rolled out mandatory e-invoicing - branded Fatoora - requiring VAT-registered businesses to issue structured, digitally signed invoices and integrate with the tax authority's systems. For a shop owner, that is a daunting technical mandate. Qoyod's response was to absorb the complexity.
Invoicing, expense and budget management, inventory, and real-time reporting - with separate experiences tuned for business owners and for accountants.
Phase 2 certified e-invoicing with digital signatures, QR codes and automated pre-submission checks.
Retail and restaurant point-of-sale that writes back to the ledger and stays ZATCA-ready.
Invoice, scan receipts and track the business from a phone, on iOS and Android.
Bookkeeping, VAT and tax filing, account setup and cleanup delivered by Qoyod's own team.
Connections to Tamara, Tabby, Moyasar, HyperPay, Jisr, WhatsApp and Google Sheets, plus an open API.
Global accounting suites like Zoho Books, QuickBooks and Xero all operate in Saudi Arabia. Qoyod's argument is that it was built for the market from the first line of code rather than localized after the fact: Arabic-first interfaces, native ZATCA compliance, and workflows shaped around how Saudi SMEs actually run.
Against regional challengers - Wafeq, Daftra, Mezan and POS-focused Rewaa - Qoyod leans on scale and breadth: a decade in market, a large installed base, and a single platform that spans accounting, POS, inventory and compliance. The pitch to a business owner is less about features and more about not having to become a finance expert.
"We aim to be the one-stop financial solution for SMEs in the region."
Qoyod runs on a B2B SaaS subscription model: tiered monthly and annual plans, an enterprise package, and a 14-day free trial that needs no credit card. Paid professional services - bookkeeping, tax filing, account cleanup - sit on top for businesses that want a human in the loop.
It fits squarely inside Saudi Arabia's Vision 2030 push to digitize the economy and formalize the SME sector. As ZATCA extends e-invoicing across successive waves of taxpayers, locally compliant software becomes less a nice-to-have and more a requirement - a tailwind Qoyod is built to ride.
Abdullah AlDayel launches Qoyod after finding global cloud accounting tools did not fit the Saudi market.
Kuwait's Arzan VC backs the mission to become a one-stop financial solution for regional SMEs.
Qoyod closes a Series A to scale its cloud accounting platform across Saudi Arabia.
Adds Phase 2 e-invoicing and is named Best Cloud Accounting Software and a Best Place to Work.
Again named one of the best places to work in Saudi Arabia.
Reports 25,000+ companies, 100,000+ monthly active users and 25M+ monthly transactions.