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 Qatar
A job that brings a foreign specialist to work on site can fall under withholding tax, because services performed in Qatar by a non-resident with no permanent establishment there are within it. Tagging that bill line to the project puts the cost on the job. Payroll can be split the same way, and each run posts end-of-service accruals by cost centre, so a long contract carries its staff's gratuity as it is earned. There are no timesheets or budgets yet.
Read next for Qatar
Aqid ERP in Qatar
Set up for Qatar's rules from the first day.
- Plans from 77 ر.ق a month
- No VAT
- Withholding tax
- End of service (Art. 54)