NewsCase StudiesEvents

Accounting and Payroll in Nigeria

Nigeria

Accounting and Payroll in Nigeria

Recent forum posts

 

  1. Business & Personal Loan, Financing

    Do you need a quick long or short term Loan with a relatively low interest rate as low as 3%? We offer business Loan, personal Loan, home Loan, auto Loan,student Loan, debt consolidation Loan etc. no matter your credit score.Personal Loans (Secure and Unsecured)Business Loans (Secure and Unsecured)Consolidation Loan and many more.Asia Loan Company Ltdasialoancompanyltd@gmail.comCal

    Total Posts: 1 Last post by asialoancompanyltd

  2. LOAN OFFER

    Good day. Quick loans Service available here. I am a private loan lender that gives out both business and personal loans to individual at a low interest rate of 2% no matter your location. If you are interested Contact me (Whats App) number:+917310847059 sumitihomelend@gmail.com Mr. Sumiti

    Total Posts: 1 Last post by sumitihomelen

Accounting in Nigeria

It is recommended, and probably in your best interest, to employ an accountant. They'll nearly always save money, and more importantly, will make your business the most financially efficient it can be. Used wisely, accountants in Nigeria can make you more profitable than ever.

Accountants in Nigeria provide a range of services. They can look after everything financial, from fundamental book-keeping to more specific advice. You could hire accountants in Nigeria simply to prepare financial statements for your tax return, or you may require them for other added-value services such as auditing. Accounts must be audited each year, unless the company or region you are based in is exempt.

It is essential to choose an appropriate accountant for your circumstances. If you just want an accountant to take care of your book-keeping, then a small firm will probably suffice. However, if you require astute financial and planning advice, a larger, more reputable company might be needed. Check they're chartered / registered with a recognised accounting body. It is important to lay out exactly what you want them to do for you and what the charges will be.

Keeping a sound financial record is essential. Apply yourself. Have a good system in place and then the time that you do spend on accounts won't be so burdensome. Ensure you retain receipts for everything you buy. It is recommended that you keep a ledger or book with the details of what the receipt is for. Keep a record of all sent and received invoices too. These will keep you informed that you've been paid or have money owing, etc.

Ultimately, applied and diligent record-keeping will keep your accountancy costs low.

Click here to Ask an Expert about Accounting and Payroll in Nigeria

Organisations that can assist with Accounting and Payroll

  • > Blue Marble Global Payroll

    Simplified Global Payroll Managing payroll in multiple countries is complicated with different systems, deadlines, and languages in each country, lack of reporting, and constantly changing laws and regulations. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, customized aggregated monthly reporting, and a hybrid service model in 150+ countries around the world.

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.