Qayd-ready financial statements, straight from Odoo.
Kuwait is moving financial statements from paper and PDF to XBRL — a digital format in which every figure carries a standard tag that the Ministry's systems can read. Our Odoo add-on turns your closed books into a validated XBRL file, ready for your auditor and for Qayd.
- 2026: voluntary
- 1 Jan 2027: mandatory
What is changing in Kuwait
- 2025Listed companiesFile XBRL with the Capital Markets Authority (Ifsah 2).
- 2026Qayd opens — voluntaryThe Ministry of Commerce and Industry launches Qayd. Companies and audit firms can test digital filing; paper is still accepted.
- 1 Jan 2027Mandatory for all legal entitiesFinancial statements are filed through Qayd in XBRL. Paper submissions are phased out.
Source: Ministry of Commerce and Industry announcements (2026). Check the Ministry's current rules for your company type.
How it will work in Odoo
- Map onceEach account in your Odoo chart of accounts is linked to its line in the Ministry's taxonomy. We do this with you once.
- Close the yearYour team closes the financial year in Odoo as usual: reconciliations, adjustments, lock date.
- GenerateOdoo builds the balance sheet, profit and loss, cash flows and notes, with last year's comparatives.
- Tag & validateOne click creates the XBRL file and checks it against the taxonomy rules before anyone uploads it.
- Audit & fileYour auditor reviews the same figures; the validated file is filed on Qayd.
What the add-on includes
Taxonomy mapping inside Odoo
An XBRL tab on every account — no side spreadsheets that drift from the books.
Statements from your live books
Balance sheet, P&L, cash flows and equity straight from posted Odoo entries, in Arabic and English.
Validation before filing
Totals, signs, periods and required items checked automatically, with a clear list of what to fix.
Auditor workspace
Read-only access for your audit firm to the figures, the mapping and the generated file.
Groups & several companies
One mapping for all companies in your Odoo, each with its own filing.
History & re-filing
Every generated file is kept with who, when and what changed — ready if the Ministry asks.
Already on Odoo with us?
We add the module to your Odoo, map your chart of accounts with your accountant and run a test filing of your 2025 statements during the voluntary year — so 2027 is routine.
On another system?
We prepare the XBRL file from your final statements for this year, and plan your move to Odoo so that next year it comes straight from your books.
Questions we hear
Who has to file in XBRL?
According to the Ministry of Commerce and Industry, filing financial statements through Qayd becomes mandatory for all legal entities from 1 January 2027 — companies with limited liability, single-person companies, partnerships and joint-stock companies. During 2026 it is voluntary. Listed companies already file XBRL with the Capital Markets Authority.
Does it replace the external audit?
No. Your statements are still audited. XBRL is the digital format in which the audited statements are filed, and the figures in the file must match the audited ones.
We do not use Odoo. Can you still help?
Yes. We can prepare and validate the XBRL file from your final statements, or move your accounting to Odoo so that every year after is one click.
When will the Odoo module be available?
We are preparing it for our Odoo customers ahead of the 2027 deadline. Register your interest below and we will contact you first, with a free readiness check of your chart of accounts.
Register your interest
Be first to get the Odoo add-on, plus a free readiness check of your chart of accounts.