In short
For startups, Qaid provides a structured ledger (trial balance, P&L, balance sheet, cash flow), multi-currency posting in a base currency, payroll presets for Kuwait, Saudi Arabia, the UAE, Qatar, Bahrain and Oman, and a CFO review per period — all from chat, uploads and statement imports.
What early-stage finance needs
- A balance sheet that reflects the SAFE or equity you raised and the cash you hold — recorded via opening balances or as transactions.
- Expenses in many currencies (cloud in USD, office in KWD, contractors in EGP) posted consistently in one base currency.
- Payroll recorded correctly, including end-of-service accruals under GCC labour rules.
- A monthly story for the board: what happened to cash, where spend moved, what's at risk — the CFO review.
How founders use Qaid
- 1Set up the companyCountry, currency, fiscal year, VAT rate (defaults provided) and, for Saudi companies, Zakat.
- 2Capture everythingForward SaaS receipts to the inbox address, import the bank statement monthly, and describe one-offs in chat.
- 3Run payrollAdd employees and run monthly payroll with the country's rules; postings land in the ledger.
- 4Review and shareGenerate the period review and export the statements as PDF for investors or your accountant.
What to know before you rely on it
- Qaid does not yet support multiple team members per company; the founder (or one finance owner) operates it.
- There is no public API or integrations with cap-table, banking or payment tools yet.
- Records are only as complete as what you capture — Qaid cannot see transactions you never record.
Records startups should maintain
Beyond the ledger: incorporation documents, shareholder agreements, board minutes, contracts and tax registrations. Qaid keeps the financial side; the guide on what financial records startups should maintain covers the rest.
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