Step-by-step guide for Nigerian startups to set up a complete accounting system from scratch - choosing a tool, connecting your bank, creating invoices, and running your first P&L report.
Register a dedicated business bank account (Brass or Kuda Business). Never mix personal and business money.
Sign up for Wave Accounting (free) or Zoho Books.
Set up your chart of accounts: Revenue, COGS, Operating Expenses, Taxes.
Add your clients and create a professional invoice template in your billing currency (NGN or USD).
Set up recurring invoices for any retainer clients.
Import your first 3 months of bank statements to reconcile historical transactions.
At month end, reconcile your bank statement against your accounting records.
Run a Profit & Loss report to understand your runway and burn rate.
Business banking built for Nigerian startups and SMEs
Accounting and invoicing for freelancers and agencies
Business banking built for Nigerians
Free accounting, invoicing, and expense tracking
Full-featured accounting with multi-currency support
Accept mobile money, cards, and online payments in Ghana with a properly tested settlement flow.
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