In short
Qaid works in four steps: (1) capture a transaction by chat, upload, email or statement import; (2) Qaid drafts a double-entry journal entry with an explanation; (3) you approve, edit or reject it; (4) reports and answers are generated from the posted ledger.
Step 1 — Capture
There are four ways into Qaid, and you can mix them freely:
- ChatType what happened in English or Arabic. “Received 800 KWD from Salma for the website.”
- UploadDrop a receipt, bill or invoice (PDF, image, CSV/XLSX).
- EmailForward receipts to your company's @inbox.myqaid.com address.
- Statement importImport a bank or card statement and reconcile it against your entries.
Step 2 — Qaid drafts the entry
Qaid identifies the type of transaction, the counterparty, the date (including phrases like “last Tuesday”), the currency and any VAT. It then proposes a journal entry against your chart of accounts and shows a short explanation of why those accounts were chosen. If something is missing — which bank account, whether VAT applied — it asks.
Step 3 — You approve
Drafts sit in a review queue. Approve, edit (change an account or amount), or reject. Approval posts balanced debits and credits to the ledger and writes an audit-log entry. An optional AI Autopilot setting lets drafts post without manual review; enabling or disabling it is itself recorded in the audit log.
Step 4 — Ask, report, invoice
- Ask a question — “what's my cash position?” — and Qaid answers from posted entries. (Financial insights)
- Open the reports: trial balance, P&L, balance sheet, cash flow, ageing, VAT, Zakat estimate, income-tax provision. (Double-entry accounting)
- Create and share invoices; issuing and paying them posts to the same ledger. (Invoicing)
- Run payroll with your country's rule preset; postings land in the ledger.
Setting up takes a few minutes
- 1Create your accountEmail and password at dashboard.myqaid.com. No card required.
- 2Create your companyName, country, currency and fiscal year. Qaid pre-fills the VAT rate and Zakat setting from your country; both are editable.
- 3Optional: import historyBring in opening balances, a prior balance sheet or P&L, or last month's bank statement.
- 4Record your first transactionType one sentence. Review the draft. Approve it. That's the whole loop.
What happens to your data
Your ledger lives in a Postgres database; documents live in private storage. The text or file needed to draft an entry is sent to Anthropic's Claude API and the result comes back as a draft. Details, sub-processors and limits are on the security page.
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