Aqid ERPTags on every line
Projects, cost centres and branches go on invoice, bill, expense and journal lines.
Profit by project
See which job makes money
Tag each line to a project, a cost centre or a branch as you work. The reports split by that tag, so profit by job is a filter, not a spreadsheet.
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What you get
Profit and loss by project
Income and cost for each project, side by side, for any period.
Balance sheet by branch
What each branch holds and owes, with its own commercial registration on its documents.
Sales analysis
Revenue by project and by customer, to see where the work comes from.
Retention on contracts
Hold back a retention on an invoice and release it when the work is accepted.
Questions
Can one invoice cover two projects?
Yes: each line carries its own project.
Can payroll be split by project?
Yes, by tagging the payroll journal lines.
Do projects have start and end dates?
Yes, and the reports can be read for any period inside them.
Who uses this
In Kuwait
A job's labour cost here is more than salaries. For each Kuwaiti on the team the employer adds its PIFSS share, 11.5% of pay below KWD 1,500, and for every worker, Kuwaiti or expatriate, the article 51 indemnity accrues month by month. Tag the payroll journal lines to the project and both appear in its profit and loss beside the invoices and bills, to three decimals. Projects are reporting tags, though: there are no timesheets, budgets or percentage-of-completion billing yet.
Read next for Kuwait
Aqid ERP in Kuwait
Set up for Kuwait's rules from the first day.
- Plans from 6.5 د.ك a month
- No VAT
- PIFSS
- Indemnity (Art. 51)