Invoicing & Finance

E-invoicing (ZATCA)

Masar invoices comply with Phase 2 of Saudi e-invoicing (integration):

• Cryptographic signing and direct integration with ZATCA.
• A QR code on every invoice.
• Automatic 15% VAT calculation.
• Credit notes for adjusting issued invoices.

Create an invoice from Finance → Invoices, link it to a project and client, and issue it — issued invoices cannot be edited, preserving tax compliance.

Expenses

Record any expense from the unified Add Expense dialog (available from the dashboard, finance section, and project page):

• General expense — materials, labor, equipment, transport... with ready hierarchical categories.
• Subcontract payment — linked to a subcontractor contract.
• Owner drawing — partner withdrawals.

Attach a photo of the receipt and link the expense to a project so it's automatically deducted from its profitability.

Payments and collection

• Record client payments against invoices — bank balance and client account update automatically.
• Track receivables aging: who owes you, how much, and since when.

Receipt and payment vouchers

• A receipt voucher for every amount in, a payment voucher for every amount out — with automatic numbering and an approval cycle.
• Professional Arabic printing with the amount written in words.
• Every voucher automatically reflects on accounting and bank accounts.

Bank accounts and cash boxes

• Add all your bank accounts and cash boxes and track each balance in real time.
• Record transfers between accounts.
• Use bank reconciliation to match your bank statement against your records.

Bank guarantees

• From Finance → Bank guarantees record bid, performance and advance-payment guarantees: number, issuing bank, beneficiary, amount, issue and expiry dates, and the linked project. Each project also gets its own Guarantees tab.
• Masar reminds you 60, 30 and 7 days before expiry and again on expiry (in-app and by email) — org admins and the project manager.
• Record an extension, amount reduction, release or liquidation from the guarantee page, and attach the letter.
• The guarantee itself is an off-balance-sheet commitment, so it posts no journal entry.
• Only the bank commission is an expense: record it as a normal expense and link it to the guarantee so its cost shows in the project report.
• The cash margin is not an expense but a refundable deposit held by the bank, managed from the guarantee page itself:
  • Hold margin on an active guarantee: the amount leaves the selected bank account and is recorded as an asset in "Bank guarantee margins" (1180) with a GMH-JE entry.
  • Refund margin after the guarantee is released or expires: the amount returns to the bank account with a GMR-JE entry.
  • On liquidation the margin is not refunded but used: it is charged to an account you choose (by default 5500 "Other project costs" for a project guarantee, otherwise 6900 "Other administrative expenses") with a GMU-JE entry.
  • A hold above the bank account balance, or any movement dated inside a closed accounting period, is rejected, and a guarantee whose margin is still held cannot be deleted. Every movement appears in the guarantee's timeline.

Financial reports

A comprehensive finance dashboard and ready reports: project profitability, expenses by category, cash flow, receivables aging, and VAT — all exportable to Excel and PDF.