Articles tagged "document"
38 articles
The Joint Revenue Board: How Your NIN, BVN, and Tax ID Are Now Linked
A founder recently shared a story that sounds familiar. His bank account was active. His BVN was valid. His NIN …
Personal Income Tax vs Company Tax: Which Registration Is Better for You?
At the start, most founders just want to get paid. You register quickly, send invoices, and move on. Taxes feel …
Tax Credit for Going Digital in Nigeria: 2026 Guide
Tax credit for going digital in Nigeria is no longer just policy talk. It is becoming a real financial incentive …
FIRS to NRS Transition: What Every Nigerian Founder Must Fix
At first glance, it feels like a simple name change. FIRS out. NRS in. But for founders, finance leads, and …
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 …
Founder Salary: How to Pay Yourself Legally (and Tax-Efficiently)
Founder salary is one of the most uncomfortable topics in early-stage businesses. Many founders delay paying themselves out of guilt, …
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. …
Profit Margins: Identifying Which Product Line Is Actually Making Money
Profit margins tell a very different story from revenue. Many founders celebrate strong sales numbers while quietly losing money underneath. …
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 …
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 …
The 1-Hour Close: How AI Helps You Reconcile Monthly Books in Minutes
Every month, it starts the same way. You open your accounting software. You export reports. You open Excel. You double-check …
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 …
Simple Ways Small Businesses Can Protect Against Currency Devaluation
One morning, your costs are manageable. A few weeks later, the exchange rate moves and suddenly everything is more expensive. …
Importing Goods? How to Calculate Landed Cost When Customs Rates Fluctuate
Importing goods can be exciting and profitable, but many businesses stumble when customs duties and fees fluctuate. A shipment that …
Personal Accounts for Business: Why Banks Are Flagging Them in 2025
Many small business owners still run their companies through personal accounts for business. In 2025, Nigerian banks are cracking down …
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 …
Why Many Nigerian Side Hustles Fail And How Proper Bookkeeping Could Save Them
Starting a side hustle is an exciting way to earn extra income, but the sad truth is that a large …
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 …
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, …
How Nigerian Businesses Can Access Foreign Grants: The Ultimate Guide
Many Nigerian founders struggle with one challenge, the lack of adequate funding. Foreign grants feel out of reach for 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 …
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 …
Understanding the Impact of Inflation on Business Valuation
Imagine waking up tomorrow and realizing that every dollar your business earns is worth less than it was yesterday. Prices …
What Every Nigerian Business Should Know About Transfer Pricing
Transfer pricing is not just a technical accounting concept reserved for global conglomerates for Nigerian businesses that deal with related …
How to Handle Financial Disputes Between Co-Founders
Financial disagreements can destroy even the strongest partnerships. Many startups fail because co-founders avoid difficult money conversations until it is …
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 …
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 …
How Naira Exchange Rate Affects Import Business – A 2025 Survival Guide
If your business depends on imported goods, the naira exchange rate affects almost everything you do. One small shift in …