The real difference

Wafeq is an accounting platform. Compass is a statement-to-report workflow for owners who want to know what happened in their business without learning accounting software. Those are different problems with different right answers.

Pricing in plain language

Wafeq's UAE help center currently lists monthly plans at AED 69 for Starter, AED 99 for Plus, and AED 249 for Premium, with annual discounts available.

Compass is $79 per month or $649 per year, with a 7-day free trial and no card required.

Bank connections

Wafeq includes regional accounting features such as invoicing, tax checklists, bank reconciliation, bank integration, payroll on higher tiers, and inventory on Premium.

Compass works from CSV or PDF statement exports. There is no live bank feed to set up, no third-party connector to authorise, and no jurisdiction limit on which bank is supported. If you can download a statement, Compass can read it.

Who Wafeq is for

UAE or GCC businesses that want a regional accounting platform with invoicing, tax, payroll, inventory, and accounting workflows in one place.

Who Compass is for

Compass is not an accounting platform. It is a statement-to-report workflow that sits before, beside, or alongside an accounting platform. It exists to make the routine sorting fast.

Head to head

Question
Compass
Wafeq
First useful output
Owner report from one uploaded statement, about 10 minutes.
Usually depends on chart of accounts setup and ongoing accounting workflow.
Live bank feed required
No. CSV or PDF upload from any bank.
Often central to the workflow, depending on bank and region.
Best user
Owner who wants clarity, not a ledger.
Team or accountant who wants a full accounting system.
Includes invoicing or inventory
No. Focused on the report.
Yes, depending on product and plan.
Replaces an accountant
No. Reduces routine sorting.
Depends on workflow.

When to migrate from Wafeq to Compass

You only use Wafeq for monthly reports and the invoicing and ledger features are unused.

When to stay with Wafeq

You actively use Wafeq invoicing, your team enters transactions inside the ledger, or you need its regional compliance features daily.

The most useful question to ask before choosing

What is the smallest thing you actually want from the tool this month? If it is "I want to see whether my business made money and what I am missing," Compass is built for that one question. If it is "I want a full ledger that my accountant uses," Wafeq is the better answer.

Pricing and competitor features change. Check Wafeq's current pricing and plan page before making a buying decision.

Want the first report without wrestling a spreadsheet?

Upload one bank statement. Compass categorises the transactions, flags invoice gaps, and gives you an owner-readable report in about ten minutes.

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