Qoyod

Qoyod (قيود) is a Riyadh-based cloud accounting and electronic-invoicing platform built for the Saudi market. Its core product handles sales and purchase invoicing, expenses, journal entries, inventory, multi-branch and multi-currency operations, and real-time financial reporting, with accounting entries posted automatically when a user issues an invoice or records an expense. The platform is offered in two editions on a shared accounting core: a business-owner edition aimed at non-accountants, and an accountant edition adding recurring journal-entry templates, cost centers and accounting dimensions, fixed-asset management with automatic straight-line depreciation, month-end close tooling, external auditor reports and granular permissions.

Around the ledger, Qoyod sells a cloud point-of-sale product for retail and services that works offline and syncs when connectivity returns, Q.Flavours (Q Flavours), a restaurant and café system covering digital menus, ingredient tracking, kitchen display and table orders, and Qoyod Pro Services, bookkeeping and tax filing delivered by SOCPA-certified accountants. A mobile app for iOS/iPadOS, Android and Huawei AppGallery mirrors the web account in real time for invoicing, customer management, inventory checks and reports; it is included in the existing subscription. An integrations marketplace and open API connect e-commerce platforms (Salla, Zid, WooCommerce, Shopify), payment providers (Tamara, Tabby, Moyasar, HyperPay), HR (Jisr), Saudi banks, WhatsApp and Google Sheets.

Compliance is central to the positioning: Qoyod states it is ZATCA-certified for e-invoicing Phase 1 and Phase 2, generating UBL XML invoices with QR codes, UUIDs and cryptographic stamps submitted to the Fatoora platform, running ten checks before submission, and offering a sandbox environment for testing before go-live. Data is described as hosted on cloud servers inside Saudi Arabia with daily backups and encryption in transit and at rest, and support is offered 24/7.

Founding story

Qoyod was founded in 2016 in Riyadh by Abdullah AlDayel (Aldayel), who came from an IT-governance and project-management background. His earlier venture aimed to resell international cloud software in Saudi Arabia, but those tools did not fit local tax rules, Arabic-first workflows or the needs of small Saudi merchants, so he built Qoyod instead.

Business model

B2B SaaS subscription. Qoyod sells tiered plans (Basic, Professional, Advanced and Business/enterprise) that differ by number of users, branches, accounting features and integration depth, with monthly and annual billing, upgrades or downgrades prorated against the remaining subscription period, and cancellation at any time. Paid professional services — bookkeeping, VAT and tax filing, account setup and cleanup — are sold on top of the software, and certified SUNMI POS hardware (V2s, D2 mini) is available preconfigured for the POS products.

Recurring subscription fees for the accounting, POS and restaurant products, supplemented by fee-based professional accounting services and POS hardware sales. The mobile app carries no separate fee and is included in the existing subscription.

Traction

Reported scale includes over 25,000 Saudi companies and institutions on the platform, more than 100,000 monthly users, over 25 million monthly accounting operations, roughly ten years in market, and a 4.8/5 average from more than 1,200 Google reviews. The Android app lists over 50,000 downloads and was last updated in July 2026. The company said 2020 brought significant growth in its customer base and topline.

Latest developments

Recent activity centers on ZATCA Phase 2 readiness campaigns for successive integration waves, an integrations marketplace connecting e-commerce, payment, HR and banking systems, and continued mobile releases — version 1.7.3, updated July 2026, improved invoice approvals, fixed Account Statement PDF export and added security and stability changes.