Articles tagged "accounting"
40 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. …
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 …
Valuation 101: How Clean Books Increase Your Company’s Worth
Valuation is rarely driven by revenue alone. Many founders assume strong growth will automatically translate into a higher company price. …
Scenario Planning: “What If Sales Drop 20%?” Modeling Best & Worst Cases
Scenario planning starts with uncomfortable questions. What if sales suddenly drop by 20%? What if customers delay payments? What if …
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 …
How AI Patterns Spot Internal Theft Before You Do
Most fraud does not start dramatically. It begins quietly. A slightly inflated expense. A duplicate reimbursement. A vendor payment that …
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 …
Excel Is Not Enough: Why Spreadsheets Can’t Handle 2025 Complexity
In 2025, Excel is not enough to manage real-time finance, forecasting, and decision-making. Excel built modern business finance. Excel is …
How Much Cash Runway Does a Nigerian SME Actually Need?
Most small businesses do not fail because of bad ideas. They fail because something unexpected happens fuel prices rise, a …
Expense Cutting 2.0: Identifying “Zombie Subscriptions” Eating Your Reserves
You cut staff costs. You reduced marketing spend. You negotiated rent. Yet cash still feels tight. 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 …
The “Japa” Tax Implication: Managing Taxes When Your Co-Founder Leaves Nigeria
Most founders are unsure about managing taxes when a co-founder leaves Nigeria or “japas.” Mistakes in this process can create …
FIRS & Auto-Populated Tax: How They Know Your Revenue Before You File
Most business owners believe tax filing is private, something handled only when forms are due. That assumption quietly costs millions …
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 …
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 Track Expenses When Running Multiple Businesses or Side Hustles
Running more than one business or side hustle can be exciting—but it can also be confusing, especially when it comes …
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 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, …
How to Organize Business Finances as a Freelancer (Simple Guide)
Freelancers often juggle client work, deadlines, and income that swings up and down. Managing finances can feel overwhelming, especially when …
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, …
What Every Entrepreneur Should Know About Business Valuation
Understanding business valuation is crucial for every entrepreneur. Whether you are raising funds, selling your business, or attracting investors, knowing …
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 …
How Digital Banking Is Helping SMEs Thrive in Africa
Digital banking for SMEs in Africa is transforming how small businesses operate. Traditionally, limited access to banking, slow payments, and …
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 …
The Importance of Financial Transparency in Startup Growth
For startups, growth isn’t just about gaining customers or increasing revenue, it’s also about building trust. One of the most …
The Pros and Cons of Outsourcing Your Accounting Functions
Managing the finances of a business can be complicated, especially for small and medium-sized enterprises. From payroll to taxes and …
How to Handle Fraud and Financial Mismanagement in Small Businesses
Small businesses are particularly vulnerable to fraud and financial mismanagement. Limited oversight, stretched resources, and informal processes can make it …
How to Stay Profitable During an Economic Downturn
Economic downturns are tough. Sales slow, costs rise, and uncertainty looms. Many businesses struggle to survive, while others not only …
How to Track and Improve Your Business Profit Margins
Every business owner loves the idea of making more money, but real success is not measured by how much you …
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 …
Understanding Financial Statements for Non-Finance Founders
Every founder needs to understand financial statements, even if they do not have a finance background. Your financial reports reveal …
How to Manage Investor Funds Responsibly as a Startup Founder
Raising capital is one thing. Managing that money responsibly is a different skill entirely. Many founders underestimate how quickly investor …
The Future of Work and Remote Finance Teams in Nigeria
The future of work in Nigeria is changing faster than most founders expected. Remote teams have become part of everyday …