Wafeq’s Updates (Feb 2026): Bring Powerful Consolidated Reports & Smarter Insights



Managing multiple entities, reviewing endless transactions, and preparing financial statements shouldn't feel like a chore. At Wafeq, we are constantly looking for ways to make your accounting experience faster, clearer, and more intuitive.

That’s why we are thrilled to announce our latest suite of updates! To give you absolute control over your financial data, we have:

• Updated our Consolidated Financial Statements for a comprehensive, unified view of your entire business.
• Introduced instant transaction insights so you can peek at the numbers without leaving the page.
• Refined our export formatting to guarantee cleaner PDFs and beautifully organized Excel files.
• Upgraded our date filters to give you exact, precise control over your reporting periods.

Whether you're an accountant preparing for month-end or a business owner reviewing the bottom line, these new features are designed for you, giving absolute control over your financial data. Here is a deep dive into everything new in Wafeq:

First: Reports Updates

1. The All-New Consolidated Reports Experience

We’ve given our Consolidated Financial Statements a massive upgrade in both design and functionality. Say goodbye to limitations and hello to a unified, comprehensive view of your entire business across all branches and organizations.



Available for our Premium users, you can now seamlessly generate:

• Consolidated Income Statement: Get a bird's-eye view of your combined revenues, expenses, and profitability.
• Consolidated Cash Flow Statement: Track liquidity and cash flow trends across your entire portfolio in one place.
• Consolidated Balance Sheet: Assess your overall financial health, assets, and liabilities at any specific point in time.

How we made consolidation smarter:

• Unified Reporting: No more switching tabs. View all your data in one single, beautifully designed report.
• Smart Account Merging: Accounts sharing the same name, code, and type (e.g., "Operating Expenses - 604") are automatically combined into a single, clean line item.
• Automated Currency Conversion: Operating in multiple currencies? Wafeq automatically converts amounts to the report’s base currency using the exchange rate on the last day of the selected period.
• Visual Organization Indicators: Handy colored icons let you easily identify which organizations contributed transactions to specific accounts.



2. The "Peek" Feature: Instant Context, Zero Clicks

Ever looked at a number on a P&L and wondered, "What exactly makes up this total?" Previously, you had to navigate away to a new page to dig into the transactions. Now, simply hover your mouse over any figure in your P&L or Consolidated Income Statement! An information box will instantly appear showcasing the top 5 largest transactions contributing to that number—complete with dates, descriptions, and amounts.



The Benefit: It saves you precious time and is an absolute game-changer when reviewing financials live with business owners or stakeholders.

3. Smarter, Cleaner Report Exports

We’ve refined how your reports look when you take them out of Wafeq, ensuring they are perfectly tailored for their destination:

• PDF Exports Account codes are now automatically excluded. Since these codes are primarily for internal accounting, removing them makes your PDF reports cleaner and much more presentable for external stakeholders.
• Excel Exports We’ve placed account codes in their own dedicated column. Even better, accounts are now grouped natively in Excel, allowing you to collapse top-level accounts for a beautifully organized spreadsheet easily.

4. Ultimate Precision with the New Date Range Picker

Say goodbye to being restricted to monthly ranges! We’ve completely reworked the date range picker across all reports, allowing you to select exact, specific dates for your reporting periods.



5. Customize Your Report View: Reorder, Freeze, and Hide Columns

Everyone analyzes data differently, which is why we are giving you the flexibility to customize how your reports look. You can now tailor your workspace by reordering and freezing columns in supported reports, making it much easier to compare data as you scroll horizontally.

What you need to know:

• Total Control: hide the data you don't need, drag columns into your preferred order, and freeze key metrics in place. This makes comparing numbers across wide tables much easier and significantly reduces scrolling fatigue.



• A Cleaner General Ledger (GL) We’ve made the General Ledger highly customizable! You can now hide almost all columns. In fact, to reduce clutter and keep things simple, all new organizations will have hideable columns turned off by default. You only see what you truly need.



• Mobile Friendly Reviewing reports on the go? While freezing and reordering are designed for the desktop experience, mobile users can still easily show or hide columns to keep their screens clean and focused.

Second: Expense & Purchase Management

6. New Feature: Direct WhatsApp Integration

Does your company rely on WhatsApp as a primary channel for sharing documents? When employees or suppliers send receipts and invoices through chat, it’s incredibly easy for those documents to get lost in the shuffle or be recorded late.

We are changing that! Our new WhatsApp Integration allows you to send purchase bills and expense receipts directly from WhatsApp to your organization’s account in Wafeq. The documents will automatically appear in your Inbox, ready to be converted without any manual data entry.

How does WhatsApp Integration work?

With this integration, WhatsApp becomes a direct, secure input channel into your accounting system. Here is how simple it is:

1. Verify Your Number (Prerequisite) First, ensure your phone number is added to your Wafeq account. Go to My Account and check if the status is "Verified." If not, click Verify to receive a One-Time Password (OTP) and complete the setup.



2. Send a Document via WhatsApp From your verified number, open WhatsApp and send your file (such as a PDF expense receipt) to our dedicated Wafeq number: 966115103390.



3. Smart Routing The system will process the file instantly. If your number is linked to multiple organizations, you will be prompted to select the correct one.

4. Convert in a Click You will receive a confirmation message with a direct link. Head over to your Inbox In Wafeq, you will see the document tagged as received from WhatsApp. Then click Create Expense or Create Bill.





No more downloading, no more manual re-uploading, and zero lost receipts.

Accelerate your entire accounting workflow! Since the document's data is automatically captured, all you have to do is review the final details (account, payment method, tax) and hit save.

Third: Banking & Reconciliation

7. Automated Banking Workflows: Smart Transaction Rules

Tired of manually categorizing the same recurring bank transactions month after month? We’ve introduced a smarter, faster way to handle your bank feeds.

With our new Bank Transaction Categorization Rules, you can set up automated workflows that do the heavy lifting for you. Create smart rules, and Wafeq will automatically categorize your recurring bank transactions based on the criteria you set.



This dramatically reduces manual data entry, minimizes human error, and speeds up your bank reconciliation process—allowing you to close your books faster and with absolute confidence.

Learn about: Wafeq OCR: Automating Expense and Bill Entry Without Losing Control.

At Wafeq, your workflow is our priority. We know that in accounting, every click and every minute counts. Whether it’s giving you a macro-level view with our new Consolidated Reports, turning WhatsApp into a seamless document intake channel, or automating your bank reconciliation with smart rules, these latest updates are all built with one goal in mind: to eliminate manual data entry, save you time, and give you absolute confidence in your numbers.

We are constantly evolving, and we can't wait for you to experience how much smoother your financial reporting is about to become.