Naqood
Simplify your accounting and tax compliance with Naqood. Enjoy effortless invoicing, expense tracking, and secure record storage for UAE freelancers and SMEs.
Naqood provides accounting and tax compliance solutions tailored for freelancers and small to medium-sized enterprises in the UAE. The platform includes functionalities for invoicing, expense management, financial reporting, and secure document storage. By streamlining bookkeeping and VAT reporting processes, it ensures users remain compliant with regulations. While the mobile application may not boast advanced features, its user-friendly interface and automation capabilities are significant advantages.
What Is Naqood?
Naqood is an innovative cloud-based accounting software designed specifically for freelancers, small enterprises, and SME proprietors in the United Arab Emirates. It provides straightforward yet powerful financial management solutions. Key features include invoicing, expense tracking, tax compliance, and financial reporting, all aimed at helping businesses maintain organization and adhere to the requirements set by the UAE Federal Tax Authority (FTA).
This platform allows users to automate essential accounting processes, gain immediate insights into their financial status, and minimize manual bookkeeping tasks while ensuring they remain compliant with legal standards.
How Much Does Naqood Cost?
The pricing structure for Naqood includes a complimentary Starter plan and a Pro plan that begins at 59 AED per month. Additionally, organizations may face the following costs:
Initial setup and accounting configuration: $200–$1,000 - This includes company setup, configuring the chart of accounts, tax regulations, and aligning basic workflows.
Data migration and historical records: $150–$1,200 - This covers the importation of previous invoices, expenses, opening balances, and bank statements.
Advanced compliance, payroll and asset management: $300–$1,500/year - This involves payroll processing, tracking fixed assets, depreciation management, and enhanced reporting capabilities.
Many users find Naqood to be highly cost-effective, particularly valuing the free plan and the affordable upgrade options in relation to the compliance benefits it offers for businesses based in the UAE.
If you wish to explore more about pricing options, feel free to request a tailored Naqood cost estimate for your business.
Please note that pricing is subject to change.
Naqood Integrations
The vendor has not specified any third-party integrations available for this software. To better understand its features and potential compatibility, consider requesting a demo of Naqood.
Who Is Naqood For?
Naqood caters to a diverse array of industries, including:
Retail
Hospitality
E-commerce
Education
Professional services
Accounting
Consulting
Is Naqood Right For You?
If you are in search of an accounting platform that streamlines bookkeeping and ensures tax compliance for UAE businesses, Naqood is designed to assist small business owners and entrepreneurs in managing their accounting tasks, invoicing processes, and financial reporting without requiring extensive accounting knowledge. This significantly reduces manual labor and mitigates compliance risks.
Naqood effectively addresses challenges related to FTA-compliant tax reporting and digital record-keeping as per UAE regulations. It employs ISO 27001-grade security measures along with SSL-level cloud protections for scalable data storage and future-ready e-invoicing compliance.
If you still have doubts about whether Naqood is suitable for your needs, reach out to our customer support team at info@softwareseekers.com. They will gladly assist you in making an informed decision.