Accounting built for consulting firms
Send quotes and invoices to clients, track project profitability across engagements, and keep consulting finances organized with accounting designed for advisory and professional services.
Track projects profitability — assign invoices and expenses to client engagements
Create quotes and convert them to invoices for consulting proposals
Create and send invoices with payment tracking and reminders
Key benefits
Trusted by consulting firms across Saudi Arabia & UAE
Project profitability tracking for client engagements
Quotes and invoices with PDF export and payment tracking
Employee expense claims with approval workflow
Automatic VAT return generation and tax rate management
Consulting
Financial challenges consulting firms face
Engagement profitability visibility
Consulting firms run multiple client engagements simultaneously — without project-level tracking, it is hard to see which contracts are profitable after staff and vendor costs.
Proposal-to-billing workflow
Scope changes and approved proposals need to flow into billing — manual re-entry from quotes to invoices creates delays and revenue gaps.
Team expense management
Consultants incur travel, client meeting, and project expenses — scattered receipts make it difficult to assign costs to the right engagement.
Client invoice follow-up
Retainer and project-based clients have different billing cycles — tracking outstanding invoices and payments across accounts consumes firm time.
VAT on professional services
Applying correct tax rates on invoices and expenses, then preparing VAT returns, requires consistent records across all client billing.
Propose, bill, and track engagements
From client quotes to project profitability and invoicing, Wafeq keeps consulting firm finances organized in one workflow.
Client proposals
Quotes and invoices
- Send quotes to clients and convert them to invoices when engagements are approved.
- Create and send invoices, track payments received, and send reminders for outstanding balances.
Engagement tracking
Projects and expense claims
- Assign invoices and expenses to projects and generate P&L reports by engagement.
- Employees submit expense claims with approval workflow — assign costs to client projects.
Quotes, invoices, and projects
Proposals
Create quotes
Send quotes to clients and convert them to invoices when consulting engagements are approved.
Download documents as PDF and export quote lists to CSV and Excel formats.
Client invoicing
Create and send invoices
Send invoices, track payments received, send reminders, and monitor total sales from the Invoices sheet.
- Convert approved quotes to invoices
- Track payments against client billing
- Export invoice lists for client reporting
Engagement tracking
Track projects profitability
Assign invoices and expenses to projects and generate P&L reports by project — ideal for tracking client engagement performance.
Visibility across clients and engagements
Reports help consulting firms understand revenue, costs, and profitability by project and engagement.
Expense claims, reporting, and tax
Team expenses
Employee expense claims
Employees submit expense claims with approval workflow — assign approved costs to client projects for accurate engagement costing.
Reporting
Access and export reports
Access and view financial reports, and export reports to CSV, Excel, and PDF for client deliverables and firm analysis.
Tax & VAT
VAT rates and automatic VAT returns
Apply VAT tax rates to invoices and expenses, and let Wafeq generate your VAT return automatically from transaction data.
Reports for consulting business decisions
Access financial reports that help you understand billing, expenses, and performance across clients and engagements.
Profit & Loss by project
Understand revenue and costs assigned to each client engagement or contract
Profit & Loss
See firm-wide revenue, expenses, and profitability across all engagements
Aged receivables
Monitor outstanding invoices and payment timelines across clients
Expense claim summaries
Review submitted expense claims and export lists for operational analysis
Streamlined accounting for consulting firms
Wafeq helps consulting firms send quotes and invoices, track engagement profitability, manage team expense claims, access financial reports, and stay on top of VAT — in one platform.