Articles tagged "accounting for Nigerian startups"
36 articles
Capital Gains Tax in Nigeria: Why Investors Are Recalculating Returns
Capital gains tax in Nigeria is no longer a footnote investors skim past. It is now central to how returns …
The “Agency” Dilemma: Managing Project-Based Finances vs. Recurring Revenue
For agencies, money often arrives unpredictably. Some months, multiple projects land at once, and cash flows in like a river. …
Hiring Your First Accountant: What to Look for (And What AI Can Do Instead)
Hiring your first accountant feels like a milestone. It’s exciting, but also nerve-wracking. Questions flood your mind: Do I need …
Financial Anxiety: How Automated Books Cure “Sunday Night Panic”
Financial anxiety often shows up right on schedule. It creeps in on Sunday night, just as the week approaches. You …
Business vs. Pleasure: The Danger of Commingling Funds
Commingling funds is one of the most common mistakes founders make, often without realizing it. It usually starts innocently. You …
Grant Opportunities: Preparing Your Financials for Federal & State Grants
Grant opportunities sound like free money until the application process begins. Many founders get excited when they see federal or …
Burn Rate Control: How to Scale Fast Without Running Out of Cash
Burn rate control is the difference between startups that scale confidently and those that shut down unexpectedly. Many founders assume …
Unit Economics: Calculating Your Customer Acquisition Cost (CAC) in Naira
Unit economics explain why some startups grow confidently while others run out of money despite rising revenue. Growth feels exciting …
Loan Applications: How to Present Your Books to Get Bank Approval
Loan applications rarely fail because the business is bad. They fail because the numbers are confusing. Many founders walk into …
Real-Time Dashboards: Why Waiting for “End of Month” Reports Is Too Late
End-of-month reports feel safe. They are familiar, structured, and neatly summarized. But by the time you open them, the most …
Automating Invoices: How to Chase Late Clients Without Sending Awkward Texts
Everyone knows the feeling. You delivered the work. You sent the invoice. The due date passed quietly. Now you are …
Predictive Finance: Using AI to See Your Bank Balance 3 Months from Now
Most people only realize there is a money problem when their balance drops. Bills hit, payments are delayed, and suddenly …
AI vs. the Human Accountant: Why You Need a Hybrid Approach
Will AI replace accountants? It’s the wrong question. In 2025, the real issue isn’t AI vs the human accountant. It’s …
Receipt Apathy: How to Capture Expenses the Moment You Spend
You buy coffee after a client meeting. You tell yourself you’ll log it later. The receipt goes into your pocket. …
Vendor Negotiations: How to Demand Better Payment Terms in a Tight Economy
In a tight economy, sales slow down, costs rise, and cash feels harder to hold onto. For many businesses, the …
Withholding Tax (WHT) Simplified: How to Stop Losing 10% on Every Invoice
You send an invoice for ₦1,000,000. Your client pays ₦900,000. No warning. No apology. If this keeps happening, you are …
Small Company Tax Exemption: Is Your Business Really Tax-Free at ₦25m or ₦50m?
Small Company Tax Exemption is something many founders assume they’ll automatically qualify for until they realize they’re paying far more …
The 2025 Finance Act: 5 Clauses That Will Change How You Do Business
The 2025 Finance Act marks one of the most comprehensive tax reforms in recent Nigerian fiscal history. Whether you’re a …
What to Do When Clients Pay Late: Cash Flow Strategies for SMEs and Freelancers
It starts small. One invoice is a few days late. Then another. Suddenly, your bank balance looks tighter than expected. …
How to Identify Profit Leaks in Your Business
Profit leaks are like slow drips in a bucket, you might not notice them at first, but over time, they …
How to Read Basic Financial Reports Even if You Are Not an Accountant
Financial reports can feel like a foreign language. Numbers, jargon, tables, and charts can intimidate even experienced business owners. But …
How to Price Products and Services for Profit (Without Guessing)
Pricing is one of the fastest ways to kill a business, or make it wildly profitable. Many founders underprice because …
Budgeting for Startups: How to Plan Monthly Costs When Business Is Unpredictable
Budgeting for startups sounds simple until real life hits. One month you land a big client. The next month payments …
How to Use Simple Spreadsheets or Zaccheus to Track Business Income and Expenses
When Aisha started her baking business in Lagos, she wrote down sales in a notebook and trusted her memory for …
Business vs Personal Money: Why Every Entrepreneur Should Separate Their Accounts
When Tunde launched his small skincare brand from his living room, he used one bank account for everything like transport, …
The Role of Technology in Financial Inclusion for Nigerian Entrepreneurs
Financial inclusion is a cornerstone of economic growth, yet many Nigerian entrepreneurs have historically faced barriers to accessing banking, loans, …
How to Integrate Fintech Tools Into Your Business Accounting System
In today’s fast-paced business environment, integrating fintech tools into your accounting system is no longer optional, it’s essential. These tools …
The Future of Accounting Careers in Nigeria: What Graduates Should Expect
Accounting has always been the backbone of business in Nigeria, but the profession is evolving rapidly. Automation, AI, fintech innovations, …
Manage Startup Finances While Bootstrapping: Smart Strategies for Growth
How to manage startup finances when you’re bootstrapping can be one of the most challenging questions for founders. With limited …
Understanding the Link Between Accounting and Business Growth
Understanding the link between accounting and business growth is essential for any entrepreneur or business owner. Strong financial management goes …
Recover From a Bad Financial Year: How to Rebuild Confidence and Stabilize Your Business
Recover from a bad financial year by taking deliberate steps to understand what went wrong, stabilize your finances, and rebuild …
How to Manage Multi-Currency Payments as a Nigerian Exporter
Exporting products from Nigeria offers huge opportunities, but it also comes with financial complexities. One of the biggest challenges exporters …
Sustainable Financing in Nigeria: How Businesses Can Benefit
Running a business in Nigeria comes with challenges from fluctuating costs to access to capital, and unpredictable markets. But there’s …
The Rise of Virtual CFOs: Why SMEs Are Hiring Them
Small and medium sized businesses are dealing with tighter margins, complex financial decisions, and unpredictable market conditions. Many cannot afford …
How to Create a Solid Exit Strategy for Your Business
Many business owners build and grow their companies without thinking about how they will eventually leave. This creates stress, financial …
How to Conduct a Financial Health Check on Your Business in 10 Minutes
Most founders want to understand the financial health of their business but rarely have the time for long reports. A …