ACCOUNTINGHUB

Accountant for small businesses in Nigeria

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The delight called ‘SageOne cloud accounting system’ for Nigerian businesses

When the SageOne accounting system was launched in Nigeria about two years ago; it brought joy to small businesses. The ight that a business owner could now take his business numbers along with him everywhere, anytime on any device was simply elating. The joy was enlarged with the fact that Nigerian businesses could pay just …

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TOP 5 BUSINESS NEWS OF THE WEEK

Kachikwu signs $80bn oil and gas infrastructure deals in China The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MOUs) with several Chinese firms for over $80 billion new investments, spanning five years, in the oil and gas industry covering pipes, refineries, gas and power, facility refurbishments and upstream …

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OUR CLIENT EXPERIENCES : MY EMPLOYEES HAVE NO BANK ACCOUNTS

A cleaning business located in Umuahia, the capital of Abia state provides services to 7 offices. The staff gather at the residence of the business owner, each last Saturday of the month to collect their salaries in cash. They say they earn too little to keep their monies in a bank; afterall, the meagre salaries …

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OUR CLIENT EXPEREINCES : VAT FILING? OH, I DIDN’T KNOW!

Our client, an oil servicing firm is a supplier of services to 2 Oil majors. Their contracts last for several months and invoicing is done at the end of major milestones. The Oil majors deduct VAT from the client invoices before paying the Net figures. The client was happy at his VAT-compliance state. He didn’t …

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OUR CLIENT EXPERIENCES: OUR REPUTATION WAS AT STAKE

A diagnostics medical facility in Abuja attends to Corporates clients only. It runs a price differentiation system where each Corporate has an agreed price for every service. The same service may cost customer A N10,000 while customer B pays N8,000. Every customer basically had an agreed price list. The Corporates would refer their staff to …

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