Today I will be reporting on the top 6 best accounting software companies in Nigeria for 2023. It should be noted that most of them are stationed and headquartered in Lagos being the commercial centre of the country. Digital evolution, new innovations and the advent of new technologies globally and by implication Nigeria have changed the course and direction of accounting and accounting information systems. This has given rise to the evolution and development of many organizations in Nigeria gaining expertees in accounting software implementation.
Accounting is an important element of the business process since a well-run accounting information system can provide timely, accurate and relevant information for management decision making. This is why most accounting software companies in Nigeria provide addition real time and online continuous support for their clients.
Acccounting Software Companies are financial services organizations that specialize in acquisition, implementation and customization of accounting software for different categories of companies and at the same time involve in training staff and users in handling the newly installed software solution for ease of daily recording of financial transactions and processes. There are many in Nigeria but this article will only address the top 10 accounting software companies in Nigeria.
What is an Accounting Software?
Accounting software is a computer program implemented by accounting software companies that allows automation of financial records and business processes and assists accountants, business managers, financial consultants, auditors and business owners in maintaining, posting, reporting and monitoring an organization’s financial transactions within a functional system with the aim of making informed periodic business decisions.
A good accounting software solution contains menus such as customers, vendors, suppliers, sales ledger, purchases ledger, accounts receivable, accounts payable, journal, payroll, fixed asset, direct cost (cost of sales) and indirect cost (administrative expenses), assets, liability, general ledger, trial balance, income statement, budget analysis, inventory and store management, balance sheet, etc. which simplify the processes of accounting record entries, executing and reporting. Therefore a major objective of accounting software companies in Nigeria and anywhere else is to implement a software that will function as a complete accounting information system.
Accounting software reduces the amount of time spent on data entry by allowing users to sync their business bank accounts and credit cards with the software. Once synced, transactions will flow into the accounting software, where they can be categorized into various accounts. While most accounting software is easy to use, a general understanding of accounting principles is needed to ensure that financial reports are prepared correctly. For this reason, many businesses hire bookkeepers or accountants to maintain or review their books.
List of Top 6 Best Accounting Software Companies In Nigeria 2023
Some of the best accounting software companies in Nigeria majoring on small and medium scale businesses in 2023 include Microware Solutions Ltd, Skytrend Consulting Limited, Gems Consulting, Excellium Consulting Services, Brevic Consulting & Investment Ltd, ProtekConsult and DroidEdge Consulting among others. Most of these business and accounting solutions companies have been around empowering small businesses on accounting software tols and by so doing, helping to strengthen their internal control processes.
1. Skytrend Consulting Ltd (0803 239 3958 or 0803 385 7245)
Skytrend Consulting Limited is one of the best accounting software companies in Nigeria for small and medium scale businesses. When it comes to implementing suitable and cost effective accounting software solutions for your business, Skytrend Consulting takes the lead! They have been in the business of accounting software solutions since 2013, that is almost 10 years. This organization implements and trains corporate organizations and individuals on how accounting software can improve the productivity, data accuracy and reporting capacity of their businesses. They have expertise in hotel accounting, manufacturing businesses, merchandizing and other categories of business operations.
Skytrend services are tailored towards getting your businesses and finances more organized and more productive with robust core accounting and customizable business management features that save you time and money. The Financial Consulting company deploy accounting software to their clients’ business to enable them articulate and automate their daily business transactions. Their services are in 3 fold: Accounting Software Sales And Installation; Accounting Software Training; Accounting Systems Set Up & Implementation.
Skytrend Consulting team performs systems set up and implementation of the new accounting software. They also help in instituting a proper accounting system for businesses, internal control check up and compliance audit, a custom made accounting solution to all your service products and financial records.
2. Microware Solutions Limited
Microware Solutions Limited is another top accounting software company in Nigeria though they major on the IT and hardware aspect of accounting software development. The organization provides a variety of IT solutions and specialised services to the industrial, governmental and service sector organisations. They have achieved a measure of success attributable to the dedication and commitment of a group of professionals in various areas of Information Technology and Information Management. Their services include:
3. Gems Consulting Company Ltd
Gems Consulting Company Limited is a Nigerian company with a global approach to business management solution. Driven by the phenomenal contribution that technology has brought into the business landscape, Gem focuses their service offering on integration of technological solution with business development. They capture your business requirement, do the best implementation and transform your business process.
4. Excellium Consulting Services
Founded in 2012. In 2014, Excellium Consulting Services, one of our reviewed accounting software companies in Nigeria, became a licensed Sage business partner, supporting clients with Enterprise Resource Planning (ERP), accounting, payroll and HR software solutions. Excellium now supports customers with various business software solution providers, such as Zoho and Microsoft, thereby empowering businesses for innovation, scale, and agility.
5. Professionals Technologies Consult (ProtekConsult)
The Professionals Technologies Consult (ProtekConsult) is an Information Technology Service provider with core competence in the area of Web Application Development, E-payments Integration, Software Developments, Account & ERP Application deployment, & integration. It is our 6th pick on our list of top 8 best accounting software companies in Nigeria.
They also provide specialized training for individuals and corporate bodies on various Applications like Microsoft Office Suite, QuickBooks, Sage 50, Sage Evolution, Sage VIP and host of other Software.
6. DroidEdge Consulting
Droidedge consulting is an IT Company that specialize in the accounting sector, and our 8th pick on our list of top 8 best accounting software companies in Nigeria. Their services include training, development, customization, implementation, and on-going support of business management software systems.
What Are The Best Accounting Software Used By Businesses In Nigeria?
There are many different types of accounting software used by businesses in Nigeria, with varying capabilities and price tags. Generally, the type of industry and number of employees are two factors that can help a small business owner begin to choose the accounting software that is appropriate.
Some of the best accounting software that are most popular and effective for small and medium scale businesses in Nigeria include Sage 50, FreshBooks Accounting Software, QuickBooks, SAP, Xero, Zoho Books, AccountEdge Pro, Wave, ZipBooks, Sage Business Cloud, Tally and Busy. These software are easily customizable for any organization, have cloud and desktop version, are affordable and can be used by different categories of businesses such as manufacturing, hospitality, consulting and other services, buying and selling, large retail and schools among others.
What is the most popular software for accounting?
The most popular software for accounting is Sage 50 Accounting Software. Sage 50 Accounting Software has become industry standard in the evolving business of accounting software solution implementation. This is because it’s very simplified, easy to learn and use even by accountants and non accountants, business owners and senior executives who may never have had any background in accounting.
What are the role and functions of Accounting Software Companies?
There are many accounting software companies in Nigeria and they help to implement accounting software for their clients. This helps to simplify accounting rpocesses and reporting for the clients. Specifically accounting software helps to maintain and manage sales, customers, purchases, vendors, to maintain, post and track entries in all ledger accounts for daily business transactions and generate reports of different capabilities.
Many accounting software companies in Nigeria also specialize in inventory management solutions for their clients. This helps to manage and track stock levels, bill customers, send online and hard copy invoices to clients and customers, complete inventory management solution and monitor cash and bank account movements and balances, to say but a few. Reports such as customer receivables, vendor payables, different inventory levels and balances are also derivable from such software.
What is an accounting software company?
Acccounting Software Companies are financial services organizations that specialize in acquisition, implementation and customization of accounting software for different categories of companies and at the same time involve in training staff and users in handling the newly installed software solution for ease of daily recording of financial transactions and processes. There are many accounting software companies in Nigeria which include:
- Skytrend Consulting Limited (08033857245)
- Microware Solutions Limited
- Gems Consulting
- Excellium Consulting Services
What software do financial accountants use?
There are many different types of accounting software that financial accountants use for small and medium scale businesses in Nigeria, with varying capabilities and price tags. Generally, the type of industry and number of employees are two factors that can help a financial account or business owner begin to choose the accounting software that is appropriate.
The following a typical list of software that financial accountants use:
- Sage 50 Accounting Software
- FreshBooks Accounting Software
- QuickBooks Accounting Software
- SAP Accounting Software
- Xero Accounting Software
- Zoho Books Accounting Software
- AccountEdge Pro Accounting Software
- Wave Accounting Software
- ZipBooks Accounting Software
- Sage Business Cloud Accounting Software
- Tally Accounting Software
- Busy Accounting Software
- Godaddy Accounting Software
What are softwares in accounting?
Softwares in Accounting are computer programs implemented by accounting software companies that allows automation of financial records and business processes and assists accountants, business managers, financial consultants, auditors and business owners in maintaining, posting, reporting and monitoring an organization’s financial transactions within a functional system with the aim of making informed periodic business decisions.
Which is the most convenient accounting tool for small business?
Sage 50 Accounting Software is the foremost and most convenient accounting tool for small businesses in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe.
Sage 50 solution is easily customizable for many types of business organizations such as hotels, restaurants, bar, manufacturing, consultancy businesses, service businesses, trading businesses, schools etc.
Which app is best for business accounting?
Sage 50 Accounting Software is the best app for business accounting in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe.
What software should accountants know?
At Skytrend Consulting, we recommend that accountants and business owners know and understand how to use Sage 50 Accounting Software because it is the most popular accounting software for small businesses in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe.
Sage 50 solution is easily customizable for many types of business organizations such as hotels, restaurants, bar, manufacturing, consultancy businesses, service businesses, trading businesses, schools etc.
Which application is best for accounting?
Sage 50 accounting software application is best for accounting. QuickBooks is also good. Sage 50 solution is easily customizable for many types of business organizations such as hotels, restaurants, bar, manufacturing, consultancy businesses, service businesses, trading businesses, schools etc. Skytrend Consulting Ltd is one of the best accounting software companies in Nigeria can help you implement Sage 50 for your businesses and train your staff on how to use it.
What is high end accounting software?
All these are available with Skytrend Consulting Ltd. You can also call/whatsapp their specialist consultant on 08033857245 or 0803 239 3958
