BizBooks Insights
Money, tax and payroll for Nigerian companies, explained plainly.
Practical guides updated for the 2026 tax rules, written for owners and finance leads who'd rather run the business than decode tax law.
Bookkeeping & reports
The routines and reports that tell you how the company is really doing.
- 3 min
Aged receivables: how to read the report and what to do about 90+ days
What an aged receivables report is, how to read the buckets (coming due, 1–30, 31–60, 61–90, 90+ days), key metrics like DSO, and an action plan for each bucket, including when to write off bad debts.
- 3 min
Cash vs accrual accounting: which should your company use?
The difference between cash basis and accrual basis accounting, worked examples for a Nigerian service company, which one financial statements and tax use, and how to use both in practice.
- 3 min
Chart of accounts for a Nigerian service company (template)
A practical chart of accounts template for Nigerian agencies, consultancies and IT firms, with assets, liabilities (VAT, PAYE, pension, WHT), equity, income and expense accounts, numbering, and tips for keeping it simple.
- 2 min
Why your profit and your bank balance don't match
The seven common reasons a profitable Nigerian company has less cash than expected (late-paying clients, VAT, equipment, loans, stock, owner drawings, timing) and how to fix each one.
- 3 min
Month-end bookkeeping checklist for Nigerian companies
A 12-step month-end close for Nigerian service companies: reconcile bank accounts, chase receivables, record bills and payroll, prepare VAT, PAYE and WHT, review the profit and loss, and file receipts.
- 3 min
Profit and loss statement explained (with a Nigerian agency example)
What a profit and loss (income statement) shows, how to read each line, gross vs net profit, accrual vs cash basis, and a worked example for a Nigerian digital agency.