What Exactly is FIRS E-Invoicing? Beyond the PDF Email. Let’s clarify what FIRS E-Invoicing truly entails. It’s much more sophisticated than simply sending an invoice as a PDF via email. FIRS E-Invoicing mandates the electronic exchange of invoicing information directly Read more
Choosing the right accounting software is one of the most critical decisions a business owner makes. Intuit’s two heavy hitters, QuickBooks Online (QBO) and QuickBooks Desktop (QBD), look similar from a distance, but they operate on fundamentally different principles. The Read more
QuickBooks is an accounting software designed to track purchases and expenses, manage inventory and other bookkeeping needs of any business type – retails, wholesale, manufacturing, transport, distribution, NGO, courier service, legal firms, travel agency, schools, event managers, real estates etc. Read more
Understanding the FIRS E-Invoicing Mandate The FIRS e-invoicing system requires that all regulated invoices—especially for B2B and B2G transactions—be cleared by FIRS before issuance. Each invoice must receive: Unique Invoice Reference Number (IRN) Cryptographic Stamp Identifier (CSID) This ensures authenticity, Read more
QuickBooks Online (QBO) is a leading cloud-based accounting platform trusted by millions of businesses worldwide. Integrating your business systems or applications with QBO can streamline operations, reduce manual work, and provide real-time financial insights. Let’s explore the key benefits of Read more
Quickbooks is a powerful accounting software that helps small and medium-sized businesses manage their finances. However, Quickbooks alone may not be enough to handle all the accounting needs of your business. You may also use other apps and software to Read more
Stock management, also known as inventory management or stock control, is the process of ensuring that you have the right amount of products in stock for your customers. Stock management is crucial for store chains, as it affects their profitability, Read more
Businesses that use Accounting software are currently faced with a choice between maintaining dollar based subscription-Software options or Naira Based Accounting solutions. The former is currently carries a hefty price tag, because they are denominated in dollars, which now Read more
Creating an Effective Accounting System for Retailers Introduction To run a successful retail business you will requires an effective accounting system. An strong accounting system ensures accurate record-keeping, streamlined processes, prompt and informed decision-making. Let’s explore some key components of Read more