Off-Plan Sales Accounting
Accounting supervision for off-plan sales projects and ensuring Wafi compliance
AI Executive Summary
Specialized CPA escrow supervision and audit service for off-plan real estate projects in Saudi Arabia, approving contractor disbursements based on certified completion rates per Wafi Committee and REGA rules.
Service Overview
Specialized accounting services for real estate developers, including financial supervision of escrow accounts for off-plan sales projects and compliance with Wafi guidelines.
What We Offer in This Service
Escrow Account Supervision
Monitoring and managing the project dedicated escrow account.
Disbursement Audit by Progress
Verifying actual completion percentages before approving payouts.
Wafi Electronic Reports
Issuing periodic certified reports to Wafi portal.
Work Methodology
- 01Escrow Account SetupReviewing and qualifying escrow account with approved bank
- 02Cashflow MonitoringReconciling buyer and financier deposits
- 03Invoice ApprovalsAuditing contractor invoices against engineering certs
- 04ReportingSubmitting certified reports via Wafi platform
Why Choose Our Services?
Regulatory Compliance
Full compliance with Wafi Committee and REGA rules.
Investor Protection
Safeguarding developer and buyer funds.
Frequently Asked Questions
QIs appointing a licensed CPA mandatory for Wafi off-plan projects?
Yes, Wafi regulations mandate appointing a licensed CPA to audit and supervise project escrow accounts.