Cloud-Based Accounting Software for Your Business

Create & manage invoices, quotations, credit & debit notes, and more.

Track expenses, manage inventory and warehouses, and streamline your financial operations.

Generate financial reports like profit & loss statements, balance sheets, tax summaries & more, effortlessly.

Collaborate with your accountant and team members in real-time—anytime, anywhere.

⭐Rated 4.8 based on 7936+ ratings with 300K+ businesses
Accounting Software

Smarter Accounting, Built for Your Success

Take full control of your business finances with Refrens cloud-based accounting software. Access your financial data securely, automate your workflow, and gain real-time insights to make informed decisions. Our scalable software adapts to your business needs, helping you stay organized and efficient—no matter where you are.
Cloud-Based Accounting Software
Simplified, automated, and tailored for businesses across the globe.

The Complete Online Accounting Solution for Growing Businesses

Manage finances, track transactions, and stay ahead with smart automation.
Refrens Cloud Accounting Software
All-in-One Cloud Accounting

Manage your finances seamlessly with our intuitive accounting platform. Create and send invoices, estimates, and receipts instantly via email or WhatsApp. Customize templates, automate recurring invoices, and stay on top of payments with smart reminders. Easily handle multi-currency transactions and maintain organized ledgers without hassle.

Online Accounting Software Features - Refrens Books
Inventory & Expense Management

Keep your finances in check with smart inventory and expense tracking. Avoid overstocking or shortages with real-time stock updates. Track business expenses effortlessly and optimize warehouse management to maintain financial clarity.

Online Accounting Software - Roles & Permissions
Secure Role-Based Access

Control who has access to your financial data with customizable role-based permissions. Assign specific rights to team members based on their responsibilities, ensuring security while maintaining seamless collaboration.

Cloud Based Accounting Software - Financial Reports PDF
Automated Financial Reports

Generate financial reports including profit & loss statements, balance sheets, and trial balances in just a few clicks. Get accurate insights to make better business decisions and track your company’s financial health with ease.

Tax Compliance Report
Tax Compliance Made Simple

Easily generate tax summaries and financial statements, ensuring compliance with local tax regulations. Automate report generation, minimize errors and simplify tax filing, no matter where your business operates.

Online Accounting Software Features - General Ledger
Comprehensive General Ledger

Monitor all your financial transactions in real-time with a detailed general ledger. Stay updated on all your income, expenses, assets, and liabilities for complete financial transparency.

Accounting Software Trusted by Industry Leaders

Refrens Online Accounting Software Rating and Review - Refrens Books

Advanced Accounting Software for Smarter Business Operations

Online Accounting Software - Audit Trail
Audit Trail for Transparency

Track every transaction in real-time with a detailed audit trail. Ensure financial accuracy, review changes, and maintain compliance effortlessly.

Online Accounting Software - Balance Sheet
Easy Balance Sheet & Trial Balance Generation

Create professional balance sheets with a clear view of assets, liabilities, and equity. Generate and review trial balances to ensure accurate bookkeeping and quick error detection.

Cloud Based Accounting Software - Financial Reports PDF
Effortless Financial Statements in PDF

Download financial reports, income statements, and cash flow summaries in PDF format with just one click. Present professional reports to stakeholders and make data-driven decisions confidently.

Accounting Software - Manual & Journal Entries
Smart Journal Entries

Record both manual and automated journal entries with ease. Keep track of transactions and adjustments for accurate financial reporting.

Security & Data Backup Feature - Cloud-Based Accounting Software
Secure Cloud Storage & Backup

Your financial data is secure, backed up, and accessible whenever you need it. With advanced encryption and role-based access, you stay in control while ensuring business continuity.

Online Accounting Software Features - Refrens Books
Reliable, User-Friendly, and Fully Supported

Designed for businesses of all sizes, Refrens’ accounting software is simple, intuitive, and reliable. Need help? Our 24/7 support via chat, email, and phone ensures you always have the guidance you need.

Online accounting software with flexible pricing options

Only pay when you need premium features
Refrens Free Plan
Free PlanStart using Refrens for free and pay as your business grows. Explore all its features without any initial cost.
Refrens Premium
Premium PlanManage your accounting at faster pace with additional premium features at minimal cost.

Download Refrens Cloud Accounting App

Download Invoice Maker App - Refrens Invoice

Frequently Asked Questions (FAQ)

The best accounting software depends on your specific business needs, preferences, and budget. Refrens is a popular choice for many businesses due to its user-friendly interface, comprehensive features, and affordability. However, there are many other accounting software options available, each with its own strengths and suitability for different types of businesses. It's essential to evaluate your requirements and compare features before selecting the best accounting software for your business.

We take utmost care of data security & privacy. Our systems are frequently updated with the latest security updates to ensure that your data is safe and secure. Do check out our detailed privacy policy here.

Yes, we provide instant & reliable support over chat, email, and phone. We will also provide a dedicated account manager to help you out whenever required.

Yes, Importing your data from other accounting systems is super easy. However, if you need a helping hand, do reach out to us on chat support or at care@refrens.com.

Absolutely! Our software is designed to seamlessly adapt and scale alongside your business, ensuring that it meets your evolving needs at every stage of growth. We are also committed to continuously enhancing the software by rigorously adding new features, functionality, and improvements so that your business can always stay ahead of the curve.

As your business expands, our software can accommodate an increasing number of users, manage larger volumes of data, and handle more complex tasks without compromising on performance or efficiency. We regularly update our software to incorporate new technological advancements, industry best practices, and customer feedback, ensuring that you always have access to the latest and most innovative solutions.

Additionally, our cloud-based infrastructure offers unparalleled scalability and reliability, with the ability to adjust resources on-demand to cater to your business's specific needs. This means that you can be confident that our software will support your growth without any disruption or downtime.

While accountants may use a variety of accounting software depending on their clients' needs, Refrens is a popular choice among accountants for its robust features tailored to streamline financial management. With Refrens, accountants can efficiently handle invoicing, expense tracking, financial reporting, and more, all within a user-friendly interface. Its cloud-based platform allows for easy collaboration with clients, while its advanced security measures ensure data confidentiality. Overall, Refrens is a versatile tool that empowers accountants to deliver high-quality financial services to their clients effectively.

Accounting software Saudi Araba

Saudi Arabia is on a journey of digitizing the whole taxation process under its ZATCA scheme. While it might be seen as something welcoming and an aggressive approach to creating a digital, secure, and transparent system, the question that arises is of infrastructure. Do they have compatible systems to work hand-in-hand with ZATCA portals? Can they handle the real-time, error-free invoicing? Is working easy for people with no technical or financial know-how?

If the answer to any of the above-raised questions is not optimistic, even if it is doubtful “NO”, then there are questions to be raised. Not on the idea of ZATCA, but on the implementation of the idea. While the idea seems quite futuristic, even a small error can attract fines between SAR 5,000 to SAR 50,000 per violation. To bring this into a statistical overview, about 1.2 million businesses in KSA are required to comply with the system in 2023, of which 95% of them are struggling with manual invoicing errors.

This gap, calls for a bridge that can bring the expectations of the government and the compliance of citizens on the same page. Something, which can handle the various technical and complex taxing systems. Something that can handle real-time invoicing without errors. Something, like Refrens.

In the following, we will be discussing how Refrens handles the key challenges in the Saudi Arabian invoicing landscape:

1. Real-Time Reporting & System Downtime Risks

As a step towards having an online system, you’d expect ZATCA’s infrastructure to be solid. Something that has near-zero downtime, provided the fact that the business owners are expected to provide real-time updates. However, ZATCA has faced downtime during peak filing periods. This has caused businesses to be unable to submit invoices. For instance, in 2023, the system crashed for over 8 hours during VAT filing season, causing compliance issues.

How Refrens Solves This:

  • Refrens ensures instant ZATCA submission. This is mainly done by automatically generating QR codes and submitting the invoices to ZATCA with fail-safe retries.

  • Furthermore, it also securely stores invoices for 5 years (as required by ZATCA) with encryption, ensuring audit-ready records as per ZATCA guidelines.

2. Cross-Border GCC Compliance Issues

Saudi Arabia is highly dependent on trade with other countries. This means Saudi businesses will be trading with UAE, Oman, and Bahrain, to name a few countries that are supposed to have some sort of similar invoicing systems. However, the reality is quite different. Businesses struggle with divergent e-invoicing formats. Each GCC country has slightly different VAT and e-invoicing rules, leading to reconciliation issues.

How Refrens Solves This:

  • Refrens has multi-country VAT compliance. This feature automatically adjusts invoice formats based on the recipient’s location.

  • Refrens also has auto-exchange rate conversion for transactions in a variety of currencies such as USD, AED, etc.

  • Refrens supports integration with e-bills for cross-border goods tracking.

3. Payment Delays & Cash Flow Issues

Organisations are involved in businesses with entities around the world. While this seems exciting, there can be issues when collecting, logging, and reporting the payments received. The complexity further increases when there are milestone-based or advanced payments. If not handled correctly, ZATCA might flag you for tax discrepancies. Well, flagging is just the first step. It might also lead to getting your bank accounts frozen.

How Refrens Solves This:

  • Refrens updates ledgers in real time. Meaning, it automatically syncs transactions to prevent mismatches.

  • Refrens also embeds payment links (such as Stripe, Apple Pay) in invoices and sends automatic reminders to ensure timely payments.

4. Advanced Tax Reporting for ZATCA Compliance

Manual errors can cause big problems for businesses while working with ZATCA. ZATCA employs AI-powered audits that flag 30% of legitimate invoices due to keyword mismatches. Such issues can cause fines to be imposed, which are quite hefty.

How Refrens Solves This:

  • Refrens allows the users to generate reports in one click. That essentially means that error-free VAT reports and trial Balance reports are just some seconds away from you.

  • Refrens also provides dashboard analytics. This helps the clients to track cash flow, pending invoices and tax liabilities in real time and take actions accordingly.

  • Furthermore, Refrens also logs every edit/approval for ZATCA audits.

5. SME Cash Flow Strain Due to Preemptive Tax Holds

If miscellaneous errors seem like a big issue, then let us inform you that banks like Al Rajhi and SABB freeze 10-30% of business accounts if they suspect unpaid taxes. The more interesting part? They do this even before ZATCA issues an official notice.

How Refrens Solves This:

  • Refrens has a Real-time ledger that updates and ensures ZATCA-aligned records. Thus, preventing wrongful freezes.

  • Refrens supports Automated payment reconciliation. Doing this reduces discrepancies that trigger bank holds.

If the solutions to these problems still feel like a choice between some paid software out there with limited features and Refrens, which provides a whole lot of invoicing, accounting, and payment options, let us list a few more features of Refrens which have been highly appreciated by our clients in Saudi Arab.

Unlike traditional accounting software, which has something for all types of approach for customers, Refrens has a hybrid approach. It makes sure that the needs of businesses that trade in the country and those that trade outside the country are met. And one simple way to prove the same is ZATCA-compliant e-invoicing. Along with the above-mentioned features, we would like to mention some other features that make Refrens your go-to software for ZATCA-based e-invoicing needs: Refrens allows for 5-year digital archiving with tamper-proof encryption, making it efficient to abide by the guidelines put out by the government.

In this age of technology wherein making products with a variety of solutions is the new normal, Refrens is behind in no regard. Refrens is not here to just help you out with the accounting needs, but also to take your business to the next level.This is mainly through features that allow users to get advanced Reporting & Analytics about their business.

If you are someone who is just looking to get their first accounting software and do not know what all the above content means, it’s okay. Because every business was in this transition phase. And now, as you approach the same, we will be listing out some risks involved with manual invoicing and how Refrens aims to counter them. Maybe they might be something you might have encountered, or you are anticipating. Irrespective of that, here they are:

The main point of failure is due to human-induced errors. Firstly, late invoice submissions are mainly a by-product of a bit of procrastination or the thing slipping out of your mind. But guess what, this small thing can bring you penalties worth SAR 50K! Even if submissions are done promptly, almost 25% of them have mistakes while about 40% of SMEs face disputes, leading to audit failures. Furthermore​​, there are also cash flow delays when handling the invoicing manually. Refrens also handles this discrepancy by integrating payment links into the platforms.

In conclusion, the need of the hour is not just accounting software, but smart, clever accounting software that not only handles your financial requirements but also makes your life easier by automating repeated tasks, reducing errors, self-adjusting the variables while working with different parties, providing end to end support and helping you make a better and informed decision. In the current market wherein accounting software is promoting paid versions for even minimal tasks, Refrens is not just the best option, but the only option that puts your needs before capitalism.




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