In short
Online sellers use Qaid to record sales and platform fees (as separate lines), import payout and bank statements for reconciliation, capture supplier and shipping costs from receipts, and report revenue, COGS and expenses by period — with foreign-currency amounts converted to the base currency.
The e-commerce bookkeeping problem
A 100 USD order becomes a 94 USD payout after fees, paid ten days later into a KWD account. Recording “94 USD income” understates revenue, hides fees and breaks your margin analysis. Qaid lets you describe the sale and the fee separately — or import the payout statement and reconcile it — so the books show 100 USD revenue, 6 USD fees and the bank receipt.
What sellers record in Qaid
- Sales and refunds, by channel or location tag.
- Platform, payment-gateway and advertising fees as expenses.
- Inventory purchases and shipping as cost of goods sold, with supplier invoices attached.
- Payout statements imported and matched to sales already recorded.
- Multi-currency: sales in USD or SAR, books in KWD, rates recorded per transaction.
What Qaid does not do for e-commerce
- No direct integration with Shopify, Salla, Zid, Amazon or payment gateways yet — data comes in via statements, receipts and chat.
- No inventory quantity tracking.
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