{"id":6,"date":"2019-03-22T13:34:02","date_gmt":"2019-03-22T13:34:02","guid":{"rendered":"https:\/\/carrotsuite.com\/com.ng\/blog\/?p=6"},"modified":"2024-02-05T11:16:25","modified_gmt":"2024-02-05T11:16:25","slug":"20-most-used-accounting-software-in-nigeria","status":"publish","type":"post","link":"https:\/\/carrotsuite.com.ng\/blog\/20-most-used-accounting-software-in-nigeria\/","title":{"rendered":"20 Most Used Accounting Software in Nigeria"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Accounting software has been of great benefit to this century due to the fact that accounting is no doubt one of the most crucial, highly sensitive and inevitable aspect of life. Are you a business owner or accountant? If yes, it is important you know the success of a business is determined by how well the finance of the business is managed. That is, if your business account is not accurately done and in the right timing, it slows down the growth and development of your business. So, you should know your numbers correctly. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Irrespective of the size of your\nbusiness, there is a need to manage your finances accurately, especially if you\nare running a growing business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, the preparation of financial statements and periodic reports can be really exhausting and somewhat boring. That is why you need an accounting software to get your job done in limited time and also enjoy numerous benefits especially when the software is Cloud-based.&nbsp; 6 Benefits of using a Cloud-based Accounting Software. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"315\" src=\"https:\/\/carrotsuite.com\/com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-3.png\" alt=\"Accounting Software &amp; ERP software for your business\" class=\"wp-image-10\" srcset=\"https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-3.png 560w, https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-3-300x169.png 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>20 Most Used Accounting Software in Nigeria<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Across all sectors of the economy, these softwares are used in all kinds of business scale : small, medium and large.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. <a href=\"https:\/\/carrotsuite.com.ng\">CarrotSuite<\/a><\/strong><a href=\"https:\/\/carrotsuite.com.ng\"> <\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This is an easy-to-use, user friendly,\ncloud-based and holistic ERP business software which in one central location,\ndigitizes and automates all business operations such as Finance accounting,\nTeam and Project Management, CRM, HRM, Asset, Expense, Inventory, and much\nmore. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With Carrotsuite, you can receive online payments on your invoices, your customers can log in to their portal to view their invoices, receipts, documents, make payments online and more.<br><br>Your customers receive an automated payment acknowledgement via SMS and email after every payment is recorded. Automated payment reminders are sent out to customers who are paying in installments or who are owing your company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can also create custom forms or add custom fields to your client registration forms and other forms like inventory, Add staff form, etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As one of the few business softwares designed to meet diverse needs and unique styles of businesses including Real Estates, agencies, building and construction firms no matter the scale, it can be used to manage multiple businesses, branches and companies on the same platform. It is built and maintained by very competent Nigerians.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. <a href=\"http:\/\/sage.com\">SageBusiness Cloud <\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Sage\nBusiness Cloud Accounting which is an upgraded version of\nsage 50 previously known as Sage One, is designed specifically for small\nbusinesses. Sage Business Cloud has a platform for accounting, payroll enterprise\nmanagement, customer sales history, expense management, project accounting,\ncompliance management capabilities and much more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, sage contains&nbsp; a payment documentation and tax management tool, which help integrate it with programs. For example, Bank accounts can be managed with sage by integration. It is a British owned.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>3.  <a href=\"http:\/\/www.freshbooks.com\">Freshbooks<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">There is no way Freshbooks can be excluded from this list. This award-winning finance &amp; accounting software is built with small and growing businesses in mind. It is simple, easy- to- use and user friendly. It helps in daily accounting activities such as invoice creation, payment acceptance, expenses tracking, billable time tracking and financial reporting. With freshbooks collaboration feature, the problem of miscommunication between a company\u2019s accounting and sales units is solved and insightful tax summaries and reports is generated after all data is processed. FreshBooks is considerably good at managing bill history.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">4. <strong><a href=\"http:\/\/xero.com\/us\"> Xero<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This software was initially used in New Zealand\nonly. But recently, it got expanded over the world, Nigeria included. This\nsoftware have a good interface, strong set of features\nand offer\nexclusive accounting solutions and is helpful for easy maximizingof accounting\noperations such as inventory, invoicing, creation and emailing of custom\npurchase orders, time tracking and copy to bills for payment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, Banking transactions such as Credit card, PayPal, Real-time currency and Multiple currencies exchange updates can be imported and categorized with Xero. You can also use this software to send online invoices to customers \u2013 and get update.&nbsp; Xero is also good for complex multi-entity corporate structure. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>5.  <a href=\"http:\/\/quickbooks.intuit.com\">Quickbooks<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Quickbooks just as the name implies helps you\nbalance your book quick. QuickBooks is one really popular accounting software\nsolution.&nbsp;This accounting software does well for your business in area of\nsending online payment receipts, payment reminders, tracking receivables, as\nwell as bank reconciliation, tracking expenses, drafting invoices and\nmonitoring financial reports, among others.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, One notable benefit QuickBooks offers is automatically syncing business profiles to a single dashboard, where multiple users can view reports and corporate account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also, QuickBooks is ideal for businesses, professional and field services, product sellers and nonprofit organizations. It allow users to easily generate gain\/loss statements and also offer a vast insight into organizational capabilities, overdue items, payable bills and accounting notes which help businesses keep their accounting data organized.&nbsp; However, All this services depends on the package you choose such as online, self-employed, premier, online advanced, pro or enterprise.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/carrotsuite.com.ng\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/carrotsuite.com\/com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation-1024x512.png\" alt=\"carrotsuite\" class=\"wp-image-331\" srcset=\"https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation.png 1024w, https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation-300x150.png 300w, https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation-768x384.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>6.  <\/strong><a href=\"http:\/\/www.accounteer.com\">Accounteer<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This is one\nof the Fast growing Accounting Software providers in Nigeria. It is also Nigerian owned. It manages the finances\nof your business as you can create invoices, keep track of expenses, recurring invoice, monitor the\nprofit performance of your business etc. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although accounteer is basically an accounting software, it can be &nbsp;integrated into other apps such as HR, CRM etc. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>7.  <a href=\"http:\/\/sap.com\">Sap ERP<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">System,\nApplication and Products aka SAP is referred to as a one-size-fits-all solution\nthat can cater for any business size in the areas of supply chain management,\nproduct lifecycle management, human capital management, financial management\nand customer relationship management solution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, In the area of Accounting, it helps in general ledger, journal entries, project cost accounting, budget management, financial reporting, multi-currency support, and other functions. It is highly-scalable so that as your business grows it can still meet your accounting needs. The data recorded on the platform is being utilized for real time financial reporting and analytics. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"315\" src=\"https:\/\/carrotsuite.com\/com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-7.png\" alt=\"Accounting Software &amp; ERP software for your business\" class=\"wp-image-41\" srcset=\"https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-7.png 560w, https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-7-300x169.png 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>8.  <a href=\"http:\/\/waveapps.com\">Wave<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Wave is partially\nfree cloud-based accounting software designed for small businesses. Even though\nit is somewhat free it has some really solid and competitive features such as\ninvoicing, billing, receipt scanning, payroll, income and expense tracking. Wave\noffers free services in that you can make unlimited Bank and Credit Card\nConnections, unlimited income and expense tracking, run multiple businesses in\none account and more. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Though\nthe payroll services comes at a customized price and are restricted only to U.S.\nand Canada resident users. Users can also use wave to accept online payments\nfor a 2.9% + 30\u00a2 fee for credit cards and a 1% fee for bank-to-bank\ntransactions. Wave supports traditional double-entry accounting and it is user\nfriendly.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>9.  <a href=\"http:\/\/zoho.com\">Zoho Invoice<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Zoho invoice\nhas a lot of features to make Accounting process a breeze. It is a billing and\ninvoicing software it is good for small and medium business. Some of its\nfeatures include Expense Tracking, Credit Notes, Track Payments, Online\nPayment, Multi-Currency, Reporting and more. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> You can also customize your invoice to suit your taste and brand it is also very helpful with taxation processes.&nbsp; It is used in many part of the world. Zoho invoice is not a complete accounting software, but you can integrate it with Zoho books or Zoho expense which is not so much used in Nigeria compared to Zoho invoice.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>10.  <a href=\"http:\/\/tallysolutions.com\/global\">Tally<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Tally is\nIndian made. It provides you with great error detection and correction\ncapabilities. Other functionalities provided by tally includes accounting, finance,\ninventory, sales, purchase, point-of-sales, manufacturing, payroll, Inventory\ncontrol, discount, collection reports generated and branch management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tally contain a platform which carries out\naccounting aspect support task such as voucher management,\nbank account integration and&nbsp; payment\nreminder letters. It also have a sales module platform that records\nreceivables, payables, billing, Invoicing etc. This software is also made up of\nShortcut Keys.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>11.  <a href=\"http:\/\/busy.in\">Busy Accounting<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Busy\nAccounting software helps your accounting team to work with great precision and\norder. It is best suited for small and medium businesses especially those into\nFMCG, Retail, Trading, Manufacturing, Distribution and Service as it helps them\nmanage their business efficiently. It also supports accounting processes such\nconfigurable Invoicing, Financial Accounting (Multi-Currency), multi-Company\nAccounting, Payroll Management Sales \/ Purchase\nQuotations, multi-branch\nmanagement and more. Tax management\nis one of its key functionalities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>12.  <a href=\"http:\/\/probitybooks.com\">Probitybooks<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Probity\nbooks is a Nigerian made Software that specializes in Retail POS, invoicing and\nCRM Services .it is simple\nand user friendly as it is made for non-accountants that want to manage\nand get insights into their business. It is suitable for retail business that\nwants to maximize productivity and profit by leveraging on the pros of\ntechnology. It can be used\nfor Expense and Inventory Management.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>13. <a href=\"http:\/\/sageintacct.com\"> Intacct<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Intacct is\none good cloud-based accounting software solution from Sage, good for small and\nmedium businesses. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sage Intacct\nhas the ability to automate critical accounting processes as well as give\nreal-time financial and operational insights. It also offers solution in the\narea of as revenue management, financial consolidation, general ledger,\naccounts payable\/receivable, subscription billing, tax management, expense\nmanagement, project accounting, and multi-entity consolidations. It can also be integrated with\nother business applications like CRM, payroll or POS. The flexibility of this software is the one edge\nit has in the software industry.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>14.  <a href=\"http:\/\/invoice.ng\">Invoice.ng<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This is a simple and easy to use\nInvoicing software, that is suitable for small businesses and freelancers. it\naccepts online payment, record expenses, sends\npayment reminders and receipts etc. as well as Financial report. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although Invoice<strong>.<\/strong>ng is strictly an invoicing platform and not a full fleshed accounting software, you can easily integrate it to other applications. It also contain a free package where you get to send 5 invoices per month. This lovely software is Nigerian Owned.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"315\" src=\"https:\/\/carrotsuite.com\/com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-6.png\" alt=\"Accounting Software &amp; ERP software for your business\" class=\"wp-image-14\" srcset=\"https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-6.png 560w, https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/03\/Caldos-Cabana-6-300x169.png 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>15.  <a href=\"http:\/\/accountedge.com\">AccountEdge<\/a><\/strong><a href=\"http:\/\/accountedge.com\"> <\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">AccountEdge is designed for small businesses. It serves\nas a platform for setting up e-commerce business and enables business owners\nkeep track of assets, liabilities,\nequities, income and expenses. This software is\nmade up of banking tools which allow users to send and receive money, prepare\nbank deposits as well as make electronic payments, print checks and reconcile\naccounts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other features of\nAccount Edge are invoicing,\npurchase orders, time billing, payroll,&nbsp;inventory, recurring\ntransactions, company mileage, tax management and charts. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>16.  <\/strong><a href=\"http:\/\/netsuite.com\">Netsuite ERP<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Although\nNetSuite ERP is primarily a customer relationship management (CRM) solution, notwithstanding, it delivers\ncomprehensive financial management capabilities by streamlining\noperations across organization.&nbsp; Some businesses also utilize\ntheir services with this software, as it is like killing two birds with\none stone. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some of the\naccounting functionalities of\nNetsuite are financial management, general ledger, revenue management,\nfixed assets, inventory management and billing. It can also be used to generate financial\nreports.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>17.  <a href=\"http:\/\/cyma.com\">CYMA<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">CYMA Financial Management System (FMS) is two\nfaced. That is, it is\nstraightforward and fit for companies with complex accounting needs. It is made\nup of key functionalities like general ledger, accounts payable,\naccounts receivable, bank reconciliation, billing, expense tracking, inventory\ncontrol, payroll and much more. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CYMA\nAccounting Software can be customized to better suit your organization needs\nand has a Gantt tracking module that is useful for Non-profit Organization.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/carrotsuite.com.ng\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/carrotsuite.com\/com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation-1024x512.png\" alt=\"carrotsuite\" class=\"wp-image-331\" srcset=\"https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation.png 1024w, https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation-300x150.png 300w, https:\/\/carrotsuite.com.ng\/blog\/wp-content\/uploads\/2019\/05\/Monday-Motivation-768x384.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>18. <a href=\"http:\/\/lessaccounting.com\"> LessAccounting<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">LessAccounting\nis truly a suitable name for this software. As it has a reputation of being one\nof the most easy and simple to use accounting software. You don\u2019t need to love math\nor bookkeeping to use this software, it is suitable for small businesses and entrepreneurs whose accounting needs are not\ncomplex. &nbsp;Some of its key features\ninclude taxation\nmanagement, cash flow, online banking integration, invoicing, and payments. It also helps in generating reports for\nfinancial statement. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>19.  <\/strong><a href=\"http:\/\/sql-ledger.com\">SQL Ledger<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">SQL Ledger\nis a double entry accounting system. That is, when recording\ntransactions, the amounts entered as debits must be equal to the amounts\nentered as credits. SQL Database Server stores accounting data and can\nhave a standard web browser as its user interface. The platform provided by SQL is Email\nintegration, inventory management, invoicing, multi-currency<em>, <\/em>banking\nintegration, recurring invoice and much more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is\nimportant to note that everything in SQL revolves around its Chart of Accounts.\nThey are also POS service providers.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>20.  <a href=\"http:\/\/gusto.com\">Gusto<\/a><\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&nbsp;<\/strong>Although Gusto specializes in providing HR solutions to\nbusinesses, some\nNigeria business leverages on their automatic payroll and tax processing\nfeatures that helps in the calculation, payment, and submission of your\nbusiness federal, state, and local payroll taxes automatically. It also helps in detailed\npayroll reports, digital signature, hourly and salary-based computations and so\non.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gusto saves your business from spending timeless\nhours trying to figure out how to quickly go about payroll taxes. You can\nintegrate gusto into other applications your business apps.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In conclusion, using a trusted and reliable\naccounting software cost nothing but saves you everything. Every dime you spend in utilizing the\nservice of accounting softwares\nis not a cost but a profitable Investment. Because, a business using the\nsoftware always have a balanced account, which brings about productivity due to\nthe time and energy saved through using the software to focus on other\noperations which enhances business growth and revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accounting software has been of great benefit to this century due to the fact that accounting is no doubt one of the most crucial, highly&hellip; <\/p>\n","protected":false},"author":1,"featured_media":825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,16,15],"tags":[5,9,3,10,8,6,4,7],"class_list":["post-6","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-erp","category-human-resources","tag-account","tag-analytics","tag-erp","tag-ppct","tag-quick","tag-real-eatate","tag-sage","tag-software"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - 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