Accounting Software For Bureau De Change

Bureau de change is a business that buys and sells foreign currencies to customers. The business is driven by everyday rate fluctuations which could lead to profit or loss: when you buy at a lower rate from your bank and resell at a higher rate to the customer, you make a profit which is the difference between the bid/ask price – commonly referred to as spread and vice versa.

Managing a Bureau de change in the midst of uncertainty is quite cumbersome especially when you want to ascertain your overall profit/loss position at the end of financial year.

See – How I implemented QuickBooks for BDCs

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Sage Partners In Nigeria – Business Resellers

Are you looking for an authorized and registered Sage Partner in Nigeria with good knowledge of accounting? Here is a review of what you should consider before settling for one.

Sage is one of the leading providers of accounting and payroll software in Nigeria. With different packages designed to serve SMEs at different growth stage or with specific industry needs, they not only help you monitor your business performance but also make payroll processing easier than would expect.

Check Out: Where to Buy Sage Accounting Softwares For Your Business

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Best Invoicing Software For Small Business

Keeping track of your finance is one of the most important parts of business management and Invoicing ranks as number one. An effective invoicing system lets you monitor your customers, track payments and their outstanding balances. Besides, you current and future cash flow forecast upon which decisions are taken is based on what your customers have paid and what they are expected to pay.

Summary of Invoice Template:

  • Name of customers
  • Contact details
  • Product sold or services rendered
  • Amount and VAT charges
  • Expected payment period

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Accounting Software For Small to Medium Sized Business

Running a business in this digital era and managing your accounting system manually are two uncorrelated activities you can’t combine and expect the best.

As more businesses and customers become connected on a real-time to carry out transactions you cannot at the same time, afford to omit a sale, purchase or bank transactions in your book and expect to take a timely decision.

If you are a small and medium sized businesses looking for the best accounting software, here are key factors to look at before buying one.

Check Out: Sage Pastel & QuickBooks Software

  • Are you a new or existing business?
  • Do you have opening balances to set-up – account receivables, account payables, VAT payables, inventory on hand and value, bank balances and cash in hand, fixed asset balances, other current assets, and liabilities.
  • Can you afford the cost of running on the cloud?
  • Do you run multiple or single location business?
  • What industry is your business classified under?
  • Do you withhold tax from vendors?
  • etc

These are basic questions that will help you compare and select the best accounting software for your business.

You can connect us for a guide on the best accounting software for your business.

Best Accounting Software For Small Businesses

Whether you are just planning to start a business, already running a new business or own a thriving business, you will agree with me that accurate bookkeeping is the most difficult side of a business especially when you have bunch of invoices to enter, expenses to track, inventory to manage, tax to calculate on every sale made, assets to take account of and sync your data across account heads to determine your profit or loss trends. No wonder business owners have resort to automation as an alternative to manual recording.

By automating and integrating your various accounting system, you have a better time to take timely decisions that will move your business to the next growth stage.

For business in Ghana – Click here for more info about QuickBooks and Price in Ghana Cedis

Do you need an accounting software for your business? Call +2348105090001, +2348084219399

Benefits of Accounting Software:

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Best Payroll Software For SMEs In Nigeria

A Software for large, medium and small scale organisations/enterprise (A Payroll Software with a Difference)
Living in the digital era and managing your business payroll manually is unnecessary and inefficient especially when you have salaries to process for a good number of staff, tax payable to compute, deductions and employee’s liabilities to calculate.

Currently, there are numerous payroll software solutions available in Nigeria to assist business owners in this particular task. To help you address your specific payroll concerns, I will be sharing simple features of a good payroll:

1. Employee Information

  • Employee personal details, contact details, qualification, Emergency details, guarantor details e.t.c
  • Employee Payment method
  • Employee transfer, promotion and separation
  • Employee history record and lots more

2. Time Management (Attendance + Shift)

  • Attendance Calendar management
  • Real-time data from Biometric/Swipe card device/ Face recognition system
  • Attendance month setup to take into account the cut-off provision- pay salary on date 1st of every month e.t.c
  • Attendance can be imported from excel sheet
  • Employee shift rotation facility
  • Flexible and regular shift types with night shift functionality
  • Dynamic off-day/ week-off setup according to state, Branch, Employee Grade/Cadre or Employee specific
  • Timing policies for a grace period, late hours, working hours e.t.c
  • Set any working day to not – working day and vice versa in case of riots e.t.c
  • Employee overtime management

3. Payroll Processing

  • Leave management
  • Loan and Advance management
  • Loan and Advance EMI deduction automatic and displayed in salary slip
  • Loan rescheduling, stop payment and settlement options
  • Interest on loan calculation if required
  • Allowance Earning/deduction can be defined
  • Dynamic salary formula creation
  • On attendance and non – attendance pay heads
  • Salaries reprocess and posting features

4. Recruitment

A good Payroll Management Software can also help businesses in their recruitment:

  • A Web-based automated system for the recruitment process
  • It helps your recruiters and recruitment Managers to easily manage the candidate resumes, posts jobs to various sources, shortlist eligible candidates, manage candidate Interviews and send offer letters
  • HR/Admin can decide the interview panel for each recruitment process individually and rating for each process with interview date and time.

5. Training

Payroll Software come handy in training management in the following ways:

  • All details regarding the training to be conducted viz. date, time venue, budget, Candidates participating, alert to each participant irrespective of a branch, department etc can be decided here.
  • Training Calendar that shows all the upcoming training scheduled
  • If training is conducted by external/internal source then the details of the external/internal source can be entered here.
  • Employee feedback
  • Shows history of all training conducted and score of each participant/s and lots more.

6. Performance Management system

  • Key result area and key performance indicator defined
  • KRA Evaluation setting
  • HOD and Employee appraisal score
  • Competence report and lots more

7. Statutory deduction

  • Automatic calculation of PAYE deductions in accordance with PITA as amended by 2011 Amendment act.
  • Employers and employee pension contribution deduction
  • NSITF, GLI, NHF and other statutory deduction.

Payroll Software also provides Employee and Manager Self-service such that employee can:

  1. Apply for Leave
  2. Employee Asset requisition
  3. Make Loan/Advance requisition
  4. Submit suggestions
  5. Submit survey, feedback, self-evaluation e.t.c
  6. View training calendar
  7. View Employee profile information
  8. Download salary slip
  9. View attendance details
  10. View Leave application approval/rejection and Leave Balances

For more information – contact us at info@accountingsoftware.com.ng

QuickBooks Accounting Software Training Course

QuickBooks Certification Prep Training & Exam

The QuickBooks Certification prep training for graduates & executives has been designed and will be taught by QuickBooks Online Advanced Certified ProAdvisors.  The course will help prepare you for the QuickBooks Online Certification exam, but participation in this course does not guarantee the attendee will pass the exam.

The training will conclude at approximately 3:00pm, allowing 2 hours for the exam.  

Our Recommended Store for Genuine Accounting Software:

QuickBooks: View Price Offers & Order Online

  

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Stand out venues

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Multiple Locations Software For Small & Growing Businesses

Running a business with several locations can be a daunting task especially when they are miles apart or demand extra-cost of travelling to each outlet or branch. Things become more complex when it boils down to overseeing the accounting systems maintained by each of these locations.

In this resource guide, I will be sharing tips on how to select the best accounting software for multiple locations.

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Quickbooks Online Support Number In Nigeria

Are you using QuickBooks online or desktop version to manage your financial record and need a direct contact on where you can get technical support in Nigeria, Kenya or Ghana? Here is a review of client support services you can enjoy without spending much on international calls to QuickBooks US Canada or UK depending on where you bought your company’s accounting software.

Why You Should Subscribe to Our QuickBooks Technical Support Service:

It’s not just enough to install QuickBooks, upload company file and start entering transactions, you have to continually seek QuickBooks support for your business, secure your data file to avoid loss of relevant information by employing the service of a competent data file maintenance, software upgrade, and security professional.

We now offer a trusted QuickBooks data file support solution service, a unique accounting software support solution, for medium and large company.

Having successfully implemented robust data migration and complex data recovery for large financial data-driven companies in Nigeria, you are sure to get a trusted support service that will secure your business continuity.

Some of our QuickBooks support clients in Nigeria are: Germaine Autos, Nordical Fertility Centre, Nigeria Economic Summit Group, BTS Systems Ltd, CCharles Services, The Haven Homes, DCM, Adeniyi Coker Consultant Limited (ACCL), DATMedia Limited, SparkView Hospital, Temple Private School, among other Small to medium outfits across various sectors

Our QuickBooks support services covers:

  • Data Loss Prevention And Recovery
  • QuickBooks Networking in a multiuser environment.
  • Chart of Account Clean up and Maintenance
  • Periodic Review of Backups and Transaction Entries
  • QuickBooks Software Upgrade

For more information, contact our QuickBooks support center here in Nigeria, send an inquiry to accountingsoftware.com.ng 

Accounting Treatment For Withholding Tax On Revenue

According to an article published on TheNation Newspaper online, ‘Withholding Tax (WHT) is an advance payment of income tax. In principle, it is a payment for the ultimate income tax liability of the taxpayer or company. It is not a separate tax and does not confer an exemption from the filing of yearly tax returns by the company which suffered WHT. The tax is deducted at source when a payment is to be made to the beneficiary‘.

It is a tax deducted at source for service rendered or sales.

This article illustrates how you should treat Withholding Tax in an accounting software (QuickBooks)

WHT Receivable

When you render a service or make a sale to your customers, by law they are expected to withhold a certain percentage of the transaction value as a tax which is remitted to tax agency and at the end pay the remaining balance as settlement. In such scenario, you are expected to treat the balance as WHT or else the system will hold it an account receivable balance.

Here are the steps to follow:

Note: I assume you have entered an invoice and received payment on your accounting software.

  • Open the General Journal window of your accounting software.
  • Under the ‘Account’ column, select ‘Accounting Receivable’ and ‘WHT Receivable’
    • Credit the Former and Debit the Latter with amount withheld by the customer
  • Select the customer’s name and fill other fields – Date, General Journal No and Memo.
  • Save.

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Integrating QuickBooks Online With Online Store – Woo commerce Shopping Cart

As more business switch to an online store to meet the growing demand for a website that lets customers make orders  and pay easily without physical interaction, there is the need to also have a proper system of tracking all sales and cash received and integrating these transactions to an offline or online accounting package for accurate business reporting.

In this guide, I will be reviewing accounting software integration with an online store (Woo Commerce as a case study).

Woo-commerce is one of the popular themes you can upload to your word press back end and get your online store up and running in five (5) minutes or less.

It is very flexible, allows for inventory and non-inventory management, fast and easy integration of payment processors like PayPal, Bank Accounts, and Credit Cards. You can also track all your sales order and customers from the dashboard via reporting.

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QuickBooks Multi Users Installation, SetUp & Configuration

The need for QuickBooks multi-users configuration arises when you want to connect different users to a particular data file in which each person works independently but on the same financials hosted on a central network.

The major advantage of this – is that it allows for flexibility and swift data entry for an organisation with growing volume of transactions and quick updates for your financials.

This roundup focuses on how to set-up Quickbooks on a multi-user environment.

QuickBooks Installation:

When installing QuickBooks, you need to have different licenses equivalent to the number of users intended and make sure you select ‘I will only be storing QuickBooks on the computer‘ when setting up QuickBooks on the server.

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Practical knowledge and application of accounting software is no more an option for accounting graduates that want to excel in his/her career or managers that want to position their business for maximum profitability.

As a graduate, you can’t afford to ignore technical education in business software after your B.Sc/HND/professional qualification. You need practical accounting software skills to impress your employers.

“one of my ICAN-qualified graduate trainees, with an impressive CV format, shared a sad story of how he lost an opportunity to work in an OIl & Gas servicing firm, why? no practical knowledge of QuickBooks software.”

If you don’t want to stay long in the job market or remain at a clerical level in your current employment, you must possess an accounting software skill. In Nigeria, one of the most popular accounting software used by corporate organisations right now is QuickBooks.

Even when you search “best accounting software” on Google Nigeria, you will see that QuickBooks is currently ranked at number one.


If you doubt this ranking, find below, some of the top companies in Nigeria we have implemented QuickBooks:

  • Landmark Centre (Event Centre)
  • Olpharm Pharmacy (Health)
  • CEO Business Limited (Credit Finance)
  • MD Internation School (School)
  • Biddel Oil & Gas Limited (Oil & Gas)
  • System Intelligenz Limited (Contractor)
  • Sproxil Nigeria Limited (Mobile Technology)
  • DVenue (Event Management)
  • Ericcson Multipurpose Cooperative Society (Cooperative)
  • Randavie Fashion Limited (Retail)
  • Infusion Cakes Nigeria (Bakery)
  • American Air Sea Cargo Limited (Shipping & Logistics)
  • Travel Gallery Ltd (Travel)
  • Northern Bridge Energy Limited (Oil & Gas)
  • Future Initiatives (NGO)
  • MagTech Information Security (IT)
  • Mountain Ice Travel & Tour (Travels)
  • Logos Travel Support & Solutions Ltd (Travels)
  • Germaine Auto Centre (Autos)
  • BD Consult (PR)
  • Temple Private School (Education)
  • Josien Holdings Limited (Distribution)
  • ValueMart Supermarket (Retail)
  • Perliton Higgs Ltd (Solar & Power)
  • Zenilum Limited (Oil & Gas Servicing)
  • Mbaire Services Nigeria Ltd (Contractors)
  • Vektro Food Limited (Manufacturing & Retails)
  • Orient Petroleum PLC (Oil & Gas)
  • OPI International Limited (Oil & Gas)
  • Plus More    

These are some of our top clients that use QuickBooks accounting software to perfect their accounting system.

So, why not let our experienced QuickBooks consultant help you gain the practical QuickBooks skills you need to work in financial service, real estate, logistics, oil & gas, legal, manufacturing/retail, medical, consulting, hospitality, NGO and travel firm?

We train on both QuickBooks Desktop and Online version.

quickbooks training in nigeria

Our In-House practical QuickBooks training gives you an opportunity to get your QuickBooks file reviewed by our experienced support professionals so we can deliver a bespoke service covering specific areas relevant to your business.

  • If you are a real estate company, we will show you to use QuickBooks for project costing, tenants and property management.
  • If you are a manufacturing company, we will show you how to track raw materials, configure bill of materials and run productions activities.
  • If you run a credit finance company or co-operative society, we will show you to track members’ contributions, credit or loan advances, interest receivables and generate financial reports of your credit income and cash flow.
  • If you run a retail business, we will show you how to track inventories receipt, sales, customers’ receivables, payables, etc.
  • If you are an NGO, you will learn how to record donor funds, project expenses, monitor banking transactions, generate income and expenditure account, and statement of the asset of liabilities.
  • These are some of the core advantages of learning QuickBooks with us.

No two In-house QuickBooks training for different clients with a varying line of businesses are alike. In addition to the training areas you have identified, we may find specific areas where we can help you address issues and improve your accounting processes.

In a multi-user environment, our expert will show you to network your systems and connect work stations to the server.

QuickBooks Academy Course Outline:

  • How to create a new company
  • Setting up your business parties:
    • Suppliers & payables
    • Customers & Receivables
    • Banks and balances
    • VAT, Withholding Tax & other Tax payables.
    • Owners’ equity.
  • Setting up charts of accounts & owners equity
  • Inventory management
  • Sales
    • Create quote & manage invoices
    • Receiving Payment & record cash deposit
    • Sales Receipt
    • Record Sales Discounts
    • Record Cash/Product Refunds.
  • Purchases
    • Record purchase orders
    • Receive stocks with a bill.
    • Receive stocks without a bill.
    • Bill payment
  • Tracking your business expenses
    • Recording outstanding bills
    • Recording one-time expenses
  • Banking
    • Transfer Funds to other banks
    • Cheque payments
    • Reconciliation.
  • File VAT return
  • Company’s snapshot and other reports customization.
    • Customers & Receivable Balances
    • Suppliers & Payable Balances
    • Sales Report
    • Purchases Report
    • Profit or Loss Report
    • Balance Sheet
    • Cash Flow Statement, etc
    • Customizing Reports.
  • Training Requirements
    • Laptop PC with Windows 10 Os and a minimum of 2GB RAM.
  • Venue
    • Revealed to Registered Students.
  • Course Materials
    • QuickBooks Video Course
  • For Inquiries – Call 08105090001, 08084219399 or mail info@accountingsoftware.com.ng or bigresourcessolutions@gmail.com


Our training gives you the chance to get hands-on with the latest QuickBooks software. That means we won’t just demonstrate features of QuickBooks – we’ll let you try them for yourself.


Meet the Facilitator:

accounting software in NigeriaNdukwe Ogechi is a managing partner at BIGResources Solutions, an experienced QuickBooks  Certified Advisor and business support consultant specialised in helping businesses eliminate frustrations in their accounting system. He has deployed accounting software and taught business owners, accountants, & CFOs in various industries (retail, manufacturing. oil and gas, real estate, legal, cooperatives, financial services, NGOs, ICT and security, and health sectors) the simple way to implement QuickBooks and get their financial report right.

Microsoft Dynamics Training For Enterprise & SMEs

Microsoft Dynamics ERP gives you the all-important tool you need to connect your entire business. From financial and supply chain management, through your operations and human resources, to the business intelligence and reporting you need to make smart decisions. Start with what you need now and easily adapt as your needs change – in the cloud or on your servers the choice is yours.

Contact Us: info@accountingsoftware.com.ng

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SAP Business One ERP Training Course

SAP is the world’s leading provider of ERP software and services, with worldwide revenue in 2014 of 33.56 billion Euros and a 57 percent market share among major business application providers; it is one of the world’s largest software companies overall.

SAP ERP is a flexible, open technology platform that helps businesses run more efficiently (and profitably) by providing integrated management of key operations and supply chains.

This training guide is targeted at people looking for a way to have the right start in SAP environment.

SAP Business Overview

SAP Business One provides an entire set of core modules, including financials, sales, operations, customer management, and logistics, which enable a small-sized to the medium-sized enterprise to manage all aspects of the business.

This course provides an overview of the core functionality of SAP Business One including financials, sales, customer management, inventory, and reporting. In addition, the content is complemented by an assortment of activities that describe many of the day-to-day activities performed with Business One.

SAP ERP Training Course In Nigeria Kenya Ghana Business One

                                            Contact Us: info@accountingsoftware.com.ng

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Event Planning and Management Business Software

Event planning and management is another business where you see more of activities and less of accountability. The reason is not unconnected to the lack of basic accounting and bookkeeping system adopted by event planning business owners.

As more clients request for event planning and management services at the same with huge upfront payment, there is the need to ensure that funds are properly channelled to the appropriate units – from venue booking, ushering fees, catering charges, rental payments to other miscellaneous allocations – which gives rise to the quest for a customized accounting solution.

Accounting solution helps event planners track all cash received from clients and how profitability a job is.

This roundup presents the basic deliverables of accounting software designed for event planning and management business.

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Accounting Software & ERP Dealers

For you to have visited section of our accounting software blog, it simply means you are looking for accounting software sellers in your area

From Sage Peachtree, Tally, QuickBooks, Microsoft Dynamics, Oracle and SAP, there are lots of dealers claiming to be the best go-to-merchants for this financial software but these tips will help you screen all the vendors and know who a genuine dealer is or not.

Contact: info@accountingsoftware.com.ng

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Private Schools Accounting Software

One of the key challenges confronting private school proprietors has been how they can organize their books of account in order to track all students data while taking into account paid and outstanding school or tuition fees directly tied to a session which will disclose actual income received and forecast expected income from next sessions plus expense channels.

Here are tips to choosing the right Accounting Software solution for your private school finance.

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QuickBooks Premier Review For SMEs

QuickBooks Premier is designed to make accounting simple for small business and help you save time on the accounting tasks you do most. Easy to learn and use with no accounting knowledge necessary – QuickBooks Accounting Software is guaranteed easy or your money back.

 QuickBooks Premier has all the features of QuickBooks Pro plus more advanced features for stock control, budgeting, and forecasting plus discounting.

Not sure which QuickBooks product is right for you?  Please refer to our support center (info@accountingsoftware.com.ng) for a guide on how to help choose the right product to meet your business needs.

Accounting Software Construction Industry Nigeria Kenya Ghana

Contact Us: info@accountingsoftware.com.ng

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Accounting Software for Lending Company

Generally, lending business/company is a micro-credit business that accepts savings and provides credit facilities like SME Loan, Mortgage Loan, Personal Loan or Working Capital Finance to qualified customers

This roundup focuses on deliverables of accounting software customized for Lending firm.

Contact Us: info@accountingsoftware.com.ng

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