Running a startup in Nigeria could be very exciting, especially if you are very passionate about what you are doing and when you have enough financial resources to fund it. The sad truth, however, is that out of the many reasons why many startups fail poorly managed finances tops the list. This is one of the reasons why larger companies hire a chief financial officer to handle all finances in order to keep the business afloat.
As a startup owner, you might have to wear this cap of responsibility along with other responsibilities that comes with running a startup. There are quite a number of accounting tools that you can use to make it easier for you to manage your finances easily. Take a look at these simple accounting tools for managing finance of any startup in Nigeria. Carefully look through all these to see the one that fits your business the most.
- WAVE ( www.WaveApps.com )
If you have less than 9 employees consider using Wave. It is 100% free to use by anyone who is serious about their business’ finance. It comes with features like balance sheets and other business reports, payroll, invoices, record keeping of receipts and so much more.
- Turbo Cash ( www.turbocash.net )
TurboCash is a free professional accounting software available in 25 languages allowing small business owners to keep track of all creditors and debtors, send out invoices, manage balance sheets and so much more.
- Quick File ( www.quickfile.co.uk )
Quick File is a free and easy to use cloud accounting software for those who have no knowledge about accounting. You can monitor all expenses and income, issue invoices, integrate payments with PayPal, Bitcoin, world pay and so on
- GnuCash ( www.gnucash.org )
GnuCash is a free professional accounting software that can be downloaded on your personal computer. It has over forty templates that you can make use of to create any kind of financial report. It can also generate charts and graphs to make it easier for you to track and understand the finances of your business very well.
- Bright book ( www.mybrightbook.com )
Bright book is also another free accounting software for small businesses and startups. It comes with features for creating invoices, tracking payments, tracking and storing receipts and so on
- Slick pie ( www.slickpie.com )
Slick pie is a simple and free tool that small business owners and startups can use to manage their expenses, issue invoices and create detailed business reports or balanced sheets.
Other paid accounting tools that you can consider:
- Xero: www.xero.com , 9 dollars per month
- Fresh Books: www.freshbooks.com , about 20 dollars per month
- Quick Books: www.quickbooks.intuit.com , from 20 dollars per month
- Zoho books: www.zoho.com/books , 24 dollars per month
- Free Agent: www.freeagent.com , 24 dollars per month