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Naqood

Naqood provides accounting and tax compliance solutions tailored for freelancers and small to medium-sized enterprises in the UAE. The platform includes functio...

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Naqood provides accounting and tax compliance solutions tailored for freelancers and small to medium-sized enterprises in the UAE. The platform includes functio...

Watch Demo Get Pricing
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Product Overview

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.

Product Details

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.

Accounting Software Features

✘ dashboard
✘ reporting
✘ accounting
✘ dashboards
✘ mobile app
✘ public api
✘ purchasing
✔ audit trails
✘ audit trials
✘ cybersecurity
✘ mobile access
✘ time tracking
✘ bid management
✘ credit control
✘ cta compliance
✘ expense report
✘ fee management
✘ general ledger
✘ kpi monitoring
✘ pci compliance
✔ tax management
✘ cash management
✘ crm integration
✘ debt collection
✘ email marketing
✘ fund accounting
✘ nav calculation
✘ quality control
✘ soc 2 compliant
✘ task management
✘ accounts payable
✘ asset management
✘ audit management
✘ donor management
✘ event management
✔ expense tracking
✘ fraud management
✘ grant management
✘ maintenance logs
✘ project tracking
✘ budget management
✘ fundraising tools
✘ project templates
✘ recurring billing
✘ safety management
✔ vendor management
✘ alertsnotification
✘ budgeting software
✘ built in reporting
✘ data visualization
✘ equipment tracking
✘ financial tracking
✔ invoice management
✘ payment processing
✔ payroll processing
✘ project management
✘ project scheduling
✘ zapier integration
✘ accounts receivable
✘ ai powered insights
✘ alertsnotifications
✔ bank reconciliation
✘ cloud collaboration
✘ collaboration tools
✘ compliance software
✘ contract management
✘ customizable report
✘ document management
✘ employee management
✔ financial reporting
✘ incident management
✘ integrated payments
✘ payroll integration
✘ production planning
✘ reporting analytics
✘ resource allocation
✘ scheduled reporting
✘ unitholder tracking
✘ workflow management
✘ bookkeeping software
✘ cash flow management
✘ customizable reports
✘ financial reportingg
✘ financial statements
✘ inventory management
✘ loan servicing suite
✘ payroll tax software
✘ real time monitoring
✘ rolebased permission
✘ volunteer management
✘ bill of materials bom
✘ billing and invoicing
✘ contractor management
✘ custom add on modules
✘ membership management
✘ multicurrency support
✘ regulatory compliance
✘ statistical modelling
✘ work order management
✘ account reconciliation
✘ facilities maintenance
✘ fixed asset management
✔ multi currency support
✘ partnership accounting
✘ auditing and compliance
✘ automated loan workflow
✘ change order management
✘ customizable dashboards
✘ paperless documentation
✘ reporting and analytics
✘ supply chain management
✘ debt collection software
✘ financial analysis tools
✘ small business invoicing
✘ subcontractor management
✘ accounts payable software
✔ budgeting and forecasting
✘ regular payment scheduling
✘ data analysis and reporting
✘ accounts receivable software
✘ business management software
✘ financial reporting software
✘ automated email communication
✘ financial management software
✘ data collection and management
✘ efficient portfolio management
✘ financial portfolio management
✘ policy and document management
✘ regulatory compliance tracking
✘ revenue recognition compliance
✘ risk assessment and mitigation
✘ automated notifications updates
✘ contact relationship management
✘ project planning and scheduling
✘ integration with banking systems
✘ advanced analytics and forecasting
✘ multi currency accounting software
✘ machine learning and ai integration
✘ provides government boi transcripts
✘ version control and change tracking
✘ audit trails auditing and compliance

Pros

  • ✔ Saves time with fast bookkeeping reconciliation
  • ✔ Easy setup and quick onboarding
  • ✔ Intuitive interface simplifies financial management

Cons

  • ✘ Mobile app lacks some advanced features
  • ✘ Limited advanced reporting options currently

Price

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Frequently Asked Questions

Find answers to the most common queries about our software recommendation service.

The vendor has not publicly shared information related to third-party integrations.

Naqood supports the English language.

Yes, Naqood provides API access.

Yes, Naqood offers a mobile app.

Naqood is designed for businesses across industries such as retail, hospitality, e-commerce, education, professional services, accounting, and consulting.

Naqood provides support via live chat.

Naqood’s pricing includes a free Starter plan and a Pro plan that begins at 59 AED per month. Request a custom Naqood price quotation.