Platform Features

Everything your business needs.
Built for Nigeria.

A complete financial operations platform — from the invoice you send on Monday to the VAT return you file at quarter-end.

Invoicing & Billing

Professional invoices in seconds

Create branded invoices and quotes that reflect your business. Auto-apply VAT, send directly to clients, and track every payment — all from one screen.

Professional invoice templates

Branded with your logo and business colours

Quote → Invoice conversion

Turn accepted quotes into invoices with one click

Automatic VAT calculation

7.5% VAT applied and displayed on every invoice

Payment tracking

Know which invoices are paid, pending, or overdue

Email invoices directly

Send PDFs straight from the platform to your client

Public payment link

Share a link for clients to view and confirm payment

AT

Adetokunbo Ventures Ltd

15 Marina Street, Lagos Island

RC: 1234567 · TIN: 1234567-0001

INVOICE

#INV-2025-047

Date: 1 May 2025

Due: 15 May 2025

DescriptionQtyUnit PriceAmount
IT Consulting Services — Apr 20251₦350,000₦350,000
Software Licensing Fee3₦25,000₦75,000
Technical Support Retainer1₦80,000₦80,000
Subtotal₦505,000
VAT (7.5%)₦37,875
Total Due₦542,875
⏳ Awaiting Payment
Tax Compliance

FIRS-ready tax computation — automatically

Nigerian tax compliance is complex. AccountTaxNG handles every layer — VAT, WHT, CIT, and PAYE — so you're always prepared for filing deadlines.

7.5%

VAT Returns (VAT Act)

7.5% auto-applied on invoices and purchases. Pre-populated VAT returns ready for review and NRS submission at end of each tax period.

5–15%

Withholding Tax (WHT)

Track WHT deducted on every qualifying supplier payment. Auto-generate WHT credit notes receivable for use against CIT liability.

20–30%

Company Income Tax (CIT)

Finance Act-aligned CIT computation for SMEs and large companies. Applies correct tax bands, deducts allowable expenses, applies WHT credits.

0.5%

Minimum Tax

Automated minimum tax calculation for businesses with small or nil profits — ensuring compliance even in difficult years.

7–24%

PAYE Computation

Monthly PAYE for all staff computed per current Finance Act income bands. Totals ready for State IRS remittance with audit trail.

Soon

NRS e-Invoice (Coming Soon)

NRS National Revenue Service e-Invoice integration. Every invoice generated in AccountTaxNG will be submitted directly to NRS upon issuance.

Office Rent — April 2025

Facilities · WHT: ₦18,000 (10%)

₦180,000

Reconciled

Internet & Telecoms

Utilities · No WHT

₦45,000

Pending

External Audit Fees

Professional · WHT: ₦48,000 (15%)

₦320,000

Reconciled

Staff Welfare & Canteen

HR · No WHT

₦28,500

Pending

Total WHT Deducted (Apr)

₦66,000 → CIT Credit

Expense Management

Track expenses & WHT deductions effortlessly

Every expense recorded in AccountTaxNG automatically triggers the correct WHT deduction schedule, builds your CIT credit pool, and feeds your management accounts in real time.

  • Log expenses by category and supplier

    Classify purchases for accurate P&L reporting

  • Auto WHT deduction tracking

    NRS WHT rates applied per supplier service type

  • Receipt attachment

    Upload receipts for audit trail and proof of expenditure

  • Supplier management

    Maintain a supplier directory with payment history

  • Expense approval workflow

    Admin approval before expenses hit the books

Payroll & PAYE

Payroll that computes PAYE automatically

Managing payroll in Nigeria means navigating the Finance Act income tax bands, pension deductions, and State IRS filings. AccountTaxNG automates every step.

Staff salary management

Set gross salary, allowances, and deduction rules per employee

Finance Act PAYE bands

Correct tax rates applied per current income bands automatically

Pension (PFA) deductions

8% employee + 10% employer pension auto-computed

Monthly payslip generation

Professional PDF payslips for every staff member

NHF contributions

National Housing Fund deductions tracked and reported

Payroll journal entries

Automatic posting to your chart of accounts on payroll run

PAYSLIP

April 2025

Processed ✓

Ngozi Okonkwo

Senior Accountant · Staff ID: EMP-012

EARNINGSAMOUNT
Basic Salary₦280,000
Housing Allowance₦70,000
Transport Allowance₦30,000
Medical Allowance₦20,000
Gross Pay₦400,000
DEDUCTIONS
PAYE (Finance Act)-₦62,500
Pension (8%)-₦32,000
NHF (2.5%)-₦10,000
Net Pay₦295,500
Financial Reports

Reports that tell the full story

Every financial statement your business, your bank, or NRS needs — generated in seconds, downloaded as PDF or Excel.

Profit & Loss Statement

Full P&L by period with revenue, COGS, and expense breakdowns. Monthly, quarterly, or annual.

Balance Sheet

Assets, liabilities, and equity snapshot at any date. IFRS-structured for audit and banking.

VAT Summary Report

VAT output, input, and net position. Formatted for NRS VAT return (Form 002).

Accounts Receivable

Aged debtors report — who owes you, for how long, and how much. Filterable by client.

Cash Flow Statement

Operating, investing, and financing activities. See exactly where cash is moving.

WHT Credit Schedule

All WHT deductions received from customers — structured for CIT offset with FIRS.

Payroll Summary

Monthly payroll register with gross, deductions, and net for every employee.

Trial Balance

Full debit/credit trial balance for any period. Ready for external auditors or your accountant.

Multi-User Access

The right access for every role

Invite your team with confidence. Every role has precisely scoped permissions — nothing more, nothing less.

Admin

Full platform access. Manage billing, team members, settings, and all financial data. Only admins can invite users or change plan.

  • Full financial access
  • Team management
  • Billing & subscriptions
  • Settings & configuration
  • Reports & tax filings

Accountant

Financial read/write access. Create invoices, record expenses, run payroll, prepare tax returns, and download all reports. No billing access.

  • Invoices & quotes
  • Expense management
  • Tax returns & reports
  • Payroll processing
  • No billing access

Staff

Limited operational access. Staff can view their own payslips, submit expense claims, and access the staff dashboard only.

  • View own payslips
  • Submit expense claims
  • Staff dashboard only
  • No financial read access
  • No reports or tax data
Coming Soon

NRS NRS e-Invoice Integration

The Federal Inland Revenue Service is mandating digital invoice submission through the National Revenue Service (NRS) platform. AccountTaxNG is building native NRS integration — every invoice you generate will be automatically submitted to FIRS.

  • Real-time invoice submission to NRS NRS
  • Digital tax receipt generation per transaction
  • NRS validation before invoice is finalised
  • Full audit trail of all e-invoice submissions
  • Automatic integration — no extra steps for users

Cloud-Based. Secure. Always Available.

AccountTaxNG runs entirely in the cloud — no installation, no local backups, no IT headaches. Access your full accounting system from any device, anywhere in Nigeria.

99.9% Uptime

Enterprise-grade infrastructure with SLA

256-bit Encryption

Data encrypted in transit and at rest

NDPR Compliant

Nigerian Data Protection Regulation adherence

Automatic Backups

Your data backed up every hour, never lost

Role-based Access

Granular permissions per user role

Audit Trail

Every action logged with user, date, and time

Community Forum

Shape the product with your feedback

AccountTaxNG is built with Nigerian SMEs — not just for them. Our community forum is where users discuss challenges, request features, and vote on the product roadmap. Your voice directly influences what we build next.

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