Accounting built for technology & telecom
Schedule recurring invoices for subscriptions, create revenue recognition schedules, connect Stripe for online payments, and keep tech and telecom finances organized with accounting designed for the industry.
Create recurring invoices and schedule them for subscription billing
Revenue recognition schedules for deferred revenue and income
Stripe integration to accept payments and automate accounting
Key benefits
Trusted by technology & telecom businesses across Saudi Arabia & UAE
Recurring invoices for subscription and SaaS billing
Revenue recognition schedules for deferred revenue
Stripe integration for online payment acceptance
Automatic VAT return generation and tax rate management
Technology & Telecom
Financial challenges technology and telecom businesses face
Subscription billing complexity
SaaS and telecom providers bill customers on monthly or annual cycles — manual invoicing for recurring revenue creates gaps and billing inconsistencies.
Deferred revenue recognition
Upfront payments and multi-period contracts require revenue to be recognized over time — spreadsheets make deferred revenue tracking error-prone.
Online payment reconciliation
Stripe and other payment channels generate transactions that must sync with accounting records — manual reconciliation delays financial close.
Multi-currency operations
Tech and telecom businesses often serve international customers — transactions in foreign currencies need automatic exchange rate handling.
VAT on digital services
Applying correct tax rates on invoices and expenses, then preparing VAT returns, requires consistent records across all billing cycles.
Bill subscriptions and recognize revenue
From recurring invoices to revenue recognition and Stripe payments, Wafeq keeps technology and telecom finances organized in one workflow.
Subscription billing
Recurring invoices
- Create recurring invoices and schedule them for sending on subscription contracts.
- Track payments received and send reminders for outstanding subscription balances.
Revenue & payments
Revenue recognition and Stripe
- Create revenue recognition schedules for deferred revenue and income.
- Connect Stripe to accept payments and automate accounting sync.
Subscription billing and invoicing
Recurring billing
Create recurring invoices
Create recurring invoices and schedule invoices for sending — ideal for SaaS subscriptions, telecom plans, and ongoing service contracts.
Track payments against recurring billing and reduce manual invoice creation each cycle.
Client invoicing
Create and send invoices
Send invoices, track payments received, send reminders, and monitor total sales from the Invoices sheet.
- Download documents as PDF
- Export invoice lists to CSV and Excel
- Apply VAT tax rates to invoices
Projects
Track projects profitability
Assign invoices and expenses to projects and generate P&L reports by project for implementation and professional services engagements.
Visibility across subscriptions and revenue
Reports help technology and telecom businesses understand billing, deferred revenue, and project performance.
Revenue recognition, payments, and tax
Deferred revenue
Revenue recognition schedules
Create schedules for deferred revenue and income recognition — manage multi-period contracts and upfront payments over time.
Online payments
Stripe integration
Connect Stripe to accept payments and automate accounting — reduce manual reconciliation between payment channels and your books.
Tax & multi-currency
VAT, multi-currency, and reporting
Apply VAT tax rates to transactions, create invoices in any currency with automatic exchange rates, and auto-generate VAT returns from transaction data.
Reports for tech and telecom decisions
Access financial reports that help you understand subscription revenue, deferred income, and business performance.
Profit & Loss
See revenue, expenses, and profitability across subscription and service lines
Profit & Loss by project
Understand revenue and costs assigned to each project or client engagement
Aged receivables
Monitor outstanding invoices and payment timelines across subscribers
VAT return summary
Auto-generate VAT return data from billing and expense transactions
Streamlined accounting for tech & telecom
Wafeq helps technology and telecommunications businesses schedule recurring invoices, recognize deferred revenue, connect Stripe for payments, track projects, and stay on top of VAT — in one platform.