Qoyoom/Accounting Compliance: Who Qualifies and What You Get
Small and medium-sized law firms in Saudi Arabia can use these standardized electronic tools to manage financial reporting and maintain compliance.
This scheme provides standardized electronic accounting and financial reporting tools to help businesses manage their digital financial records.
Who it's for
This program is designed specifically for small and medium-sized law firms. It is intended to assist these types of legal practices in adopting digital methods for managing their business finances.
What you get
Users gain access to standardized electronic accounting and financial reporting tools. These tools are intended to help firms manage their financial data and reporting through digital systems rather than manual ones, helping to streamline the way a firm handles its financial information and reporting obligations.
What it costs you
To use these standardized electronic tools, you will need to cover the subscription costs for the compliant software. The cost is tied to the specific software subscription you choose to manage your firm's accounting.
The catch to know
The primary requirement for using these tools is ensuring that your chosen software is integrated with ZATCA for e-invoicing. This integration is necessary to ensure your firm's electronic invoicing meets the required standards for your operations.
How to apply
- Confirm that your practice is a small or medium-sized law firm.
- Identify the standardized electronic accounting and reporting tools you wish to use.
- Ensure the software you choose supports electronic invoicing via integration with ZATCA.
- Set up your subscription for the compliant software to begin using the tools.