Accounting & Bookkeeping Services

Introduction

At Business Depot Consulting, we deliver trusted Accounting & Bookkeeping Services in Nigeria that make financial management simple and stress-free for business owners. We know how important it is to have accurate financial records not only for decision-making but also for staying compliant with tax laws and regulatory bodies.

Many businesses struggle with keeping their books in order, handling payroll, and preparing financial reports on time. That’s where we come in. Our experienced team helps you record daily transactions, reconcile bank statements, manage expenses, prepare budgets, and file your taxes correctly. We also provide clear financial reports that give you a true picture of your business performance.

Whether you are a small startup, a growing SME, or a large organization, outsourcing your accounting and bookkeeping to us saves you time, reduces errors, and allows you to focus on what truly matters: running and expanding your business. With Business Depot Consulting, you can be confident that your numbers are accurate, your processes are efficient, and your business is financially secure.

What We Offer

Our Accounting & Bookkeeping Services go beyond just balancing numbers; we provide complete financial support that helps your business run smoothly and grow with confidence. Our services cover everything you need to keep your finances accurate, compliant, and useful for decision-making:

Bookkeeping Services
We handle the day-to-day recording of all business transactions, sales, purchases, expenses, and payments. This ensures your records are always up-to-date and ready whenever you need them.
Accounting Services
From preparing financial statements to managing profit and loss accounts, we organize your financial data into clear reports that show how your business is performing.
Payroll Management
We manage staff salaries, benefits, pensions, and statutory deductions (such as PAYE, VAT, and other compliance requirements) so you never miss deadlines or face penalties.
Tax Preparation & Compliance
Our team ensures your business stays compliant with Nigerian tax laws. We handle accurate tax calculations, timely filing, and assist with any questions from tax authorities.
Bank Reconciliation
We compare your bank statements with your recorded transactions to ensure there are no errors, fraud, or missing funds. This helps you stay in control of your cash flow.
Expense Tracking & Budgeting
We help you monitor business expenses, reduce waste, and prepare realistic budgets that guide spending and improve profitability.
Financial Reporting & Analysis
We provide monthly and quarterly financial reports with insights into your revenue, expenses, and cash flow. These reports help you make better decisions about growth and investments.
Audit Preparation Support
When it’s time for an audit, we prepare your financial records in an organized manner, making the process smooth and stress-free.
Outsourced CFO Services
For businesses that need expert financial guidance but don’t want the cost of hiring a full-time CFO, we provide advisory services to help with planning, investment, and strategic growth.

By combining these services, we give you peace of mind knowing your finances are accurate, your business is compliant, and you always have the right information to plan for the future.

Pain Points We Solve

Managing business finances can be stressful, and many companies run into the same problems. At Business Depot Consulting, our Accounting & Bookkeeping Services are designed to remove these struggles and make your financial management easier. Here are some common pain points we solve:

Disorganized Records
Many businesses have scattered or incomplete financial records. We help you organize your books so you always know where your money is going.
Compliance Issues
Late tax filings and errors in financial reports can lead to penalties and problems with regulators. We keep your business compliant and up to date.
Cash Flow Problems
Without proper tracking, businesses lose control of their cash flow. We provide clear reports and reconciliations so you can manage money better.
Time Wasted on Paperwork
Business owners often spend valuable time on accounting tasks instead of running their business. We take the burden off your shoulders so you can focus on growth.
Inaccurate or Missing Information
Wrong figures lead to poor decisions. We ensure your books are accurate so you can make smart business choices.
Stress During Audits or Tax Season
Many companies panic when it’s time for an audit or tax filing. We prepare your books in advance so you’re always ready.
Lack of Financial Insights
Numbers alone don’t tell the whole story. We turn your financial data into clear, useful insights that guide your strategy and business growth.

By solving these problems, we give our clients peace of mind, save them money, and free them to focus on building their business.

Our Accounting & Bookkeeping Services

We provide complete Accounting & Bookkeeping Services in Nigeria that help businesses stay financially organized, compliant, and ready for growth. Our services are tailored to fit your business size and industry, whether you are a small startup, an established SME, or a large company.

Here’s how we support your business:

Daily Bookkeeping – We record every transaction, expense, and payment to ensure your books are always up-to-date.
General Accounting – We prepare financial statements, profit and loss reports, and balance sheets that show the true health of your business.
Payroll Services – We calculate and process staff salaries, allowances, pensions, and deductions, ensuring staff are paid correctly and on time.
Tax Management – From tax planning to filing, we make sure your business meets all Nigerian tax requirements without stress.
Bank Reconciliation – We check that your bank statements match your business records, preventing errors and fraud.
Budgeting & Forecasting – We help you plan, manage costs, and set realistic targets for growth.
Financial Reports & Analysis – We turn your financial data into simple reports that give you insights for better decision-making.
Audit Support – We prepare your records so audits are smooth and stress-free.
Advisory & CFO Services – We provide expert financial advice to guide investments, expansion, and long-term strategy.

Our approach is flexible; you can choose full-service accounting and bookkeeping, or only the specific support your business needs. With us, you don’t just get numbers on a page; you get clarity, compliance, and confidence to run your business successfully.

Methodology for Carrying Out Accounting & Bookkeeping Services

We follow a structured approach to ensure your Accounting & Bookkeeping Services are accurate, reliable, and tailored to your business needs:

Initial Consultation – We meet with you to understand your business, your current financial processes, and your goals.
Assessment & Planning – We review your existing records, identify gaps, and design a clear plan for bookkeeping and accounting.
Setup of Systems – We set up accounting software, ledgers, and reporting templates suited to your business.
Transaction Recording – We record daily business transactions, expenses, and payments accurately.
Bank Reconciliation & Verification – We reconcile your bank statements and verify all financial entries.
Reporting & Analysis – We prepare regular financial statements, reports, and summaries that give clear insights into your business performance.
Ongoing Support & Review – We continuously monitor your accounts, provide updates, and make improvements for efficiency and compliance.

Documents Required for Accounting Services

To deliver accurate and reliable accounting services, we ask clients to provide key documents that give us a complete picture of the business finances. These include:

Financial Statements – Previous year or period statements (profit & loss, balance sheet) help us understand your business performance over time.
Bank Statements & Cheque Stubs – Essential for verifying transactions, reconciling accounts, and ensuring cash flow accuracy.
Payroll Records – Include salary payments, staff benefits, and statutory deductions so we can manage payroll accounting and compliance.
Loan or Credit Agreements – Details of any borrowed funds, repayment schedules, or interest obligations to ensure liabilities are properly recorded.
Tax Identification Numbers & Previous Tax Filings – Necessary for tax compliance and filing purposes, ensuring your business meets regulatory requirements.
Fixed Asset Register – Lists all business assets (like machinery, vehicles, equipment) to calculate depreciation and monitor asset value.
Expense Receipts & Invoices – Documentation of business expenses for proper accounting and tax deduction purposes.

Providing these documents helps us create accurate financial statements, maintain compliance with Nigerian regulations, and provide you with clear insights into your business performance.

Documents Required for Bookkeeping Services

For efficient bookkeeping, we require documents that reflect the day-to-day financial activities of your business:

Sales Invoices & Receipts – Records of all sales transactions to track revenue accurately.
Purchase Invoices & Bills – Proof of all purchases and expenses for proper recording and cost management.
Cashbook or Petty Cash Records – Helps track daily cash transactions and minor expenses.
Bank Statements – For reconciling your records and ensuring all bank transactions are captured.
Expense Records – Receipts or statements for utilities, rent, subscriptions, and other operational costs.
Previous Bookkeeping Records – If available, these help maintain continuity and consistency in record-keeping.
Any Supporting Documentation – Contracts, agreements, or notes related to financial transactions that provide context or proof.

Having these documents ready ensures that our bookkeeping is accurate, up-to-date, and gives you a clear, real-time view of your business’s financial health.

Frequently Asked Questions (FAQs)

We understand that accounting and bookkeeping can be confusing for many business owners. To make things easier, we’ve answered some of the most common questions our clients ask about our Accounting & Bookkeeping Services.

FAQ on Bookkeeping Services

1: What is bookkeeping, and why do I need it?
Bookkeeping is the process of recording your daily business transactions, like sales, purchases, and expenses. It helps you keep accurate financial records, monitor cash flow, and make informed business decisions.

2: How often should bookkeeping be done?
It depends on your business size and transaction volume. For most small businesses, weekly or monthly updates are sufficient. Larger businesses may need daily bookkeeping.

3: Can you handle my bookkeeping remotely?
Yes. We can manage your bookkeeping using digital tools, so you don’t need to worry about physical documents.

4: What happens if I’ve missed recording past transactions?
We can review and reconcile your records, updating your books accurately to ensure nothing is missed.

5: Will I get reports from my bookkeeping?
Absolutely. We provide regular reports showing your sales, expenses, cash flow, and account balances in an easy-to-understand format.

FAQ on Accounting Services

1: What is the difference between accounting and bookkeeping?
Bookkeeping is about recording transactions, while accounting involves analyzing, interpreting, and reporting that information to help make business decisions.

2: Do I need an accountant if I already have a bookkeeper?
Yes. Accountants provide insights, financial analysis, tax planning, and help you understand what the numbers mean for your business growth.

3: Can you prepare my taxes?
Yes. We ensure your tax returns are accurate, filed on time, and fully compliant with Nigerian tax laws.

4: How do I get financial reports for my business?
We prepare monthly, quarterly, and annual financial statements, including profit & loss accounts and balance sheets, so you always know your business performance.

5: Can you help me during an audit?
Yes. We organize your records, reconcile your accounts, and provide all necessary documentation to make audits smooth and stress-free.

How to Engage Our Accounting & Bookkeeping Services

Engaging Business Depot Consulting for your accounting and bookkeeping needs is straightforward. We guide you through every step to make the process smooth and stress-free:

Reach Out to Us – Contact us through our phone lines, email, or website to start the conversation. Share a little about your business and your current accounting or bookkeeping challenges.
Provide a Detailed Brief – Let us know your business structure, the volume of transactions, your reporting requirements, and any specific areas you want us to focus on.
Agree on the Scope of Services – Together, we define the services you need, how often reports will be delivered, timelines, and any special requirements.
Sign the Service Agreement – We formalize the engagement with a clear agreement that outlines responsibilities, deliverables, and terms.
Make an Initial Deposit – Once the deposit is received, we immediately begin organizing your records, setting up systems, and performing accounting and bookkeeping tasks.

From the first call to receiving your first set of financial reports, we ensure every step is transparent, professional, and tailored to your business.

Why Clients Engage Us for Accounting & Bookkeeping Services

Businesses choose Business Depot Consulting because we provide more than just number-crunching. Our clients value:

Accuracy & Reliability – Every transaction is carefully recorded and reconciled so your financial records are always correct.
Compliance & Peace of Mind – We ensure you meet all Nigerian tax regulations, avoid penalties, and are prepared for audits.
Time & Resource Savings – You save time, reduce workload, and focus on running your business while we handle your finances.
Clear Financial Insights – We provide easy-to-understand reports that show your business performance, cash flow, and growth opportunities.
Tailored Services – Whether you’re a startup or a large enterprise, we offer flexible solutions that fit your business size, industry, and budget.
Strategic Support – Beyond bookkeeping, we advise on budgeting, forecasting, and financial planning to help your business grow.
Confidence – Knowing your finances are managed professionally reduces stress and allows you to make informed decisions.

Who Needs This Service?

Our Accounting & Bookkeeping Services are designed for businesses of all sizes and sectors. Typical clients include:

Small and Medium-sized Enterprises (SMEs) – Businesses that need organized records to grow and scale efficiently.
Startups & Entrepreneurs – New businesses that require structured bookkeeping and accounting from day one.
E-commerce & Retail Businesses – Companies with many transactions needing accurate records for taxes and inventory management.
Manufacturing & Production Companies – Businesses that need detailed cost tracking, inventory reconciliation, and financial reporting.
Service-based Businesses – Consultants, agencies, law firms, and professional service providers who need accurate billing, payroll, and compliance.
NGOs & Non-profits – Organizations that require clear reporting for donors, grants, and regulatory compliance.
Real Estate & Property Management Companies – Businesses that need accurate accounting for rents, expenses, and investment analysis.

If your business handles money, invoices, payroll, or taxes, our services will save you time, reduce errors, and give you confidence in your financial decisions.

About Us

Business Depot Consulting is a trusted Nigerian consulting firm dedicated to helping businesses manage their finances efficiently. We specialize in Accounting & Bookkeeping Services, financial reporting, tax compliance, payroll management, and strategic financial advisory.

Our mission is simple: to give business owners clarity, control, and confidence over their finances. With years of experience and a team of qualified accountants and bookkeepers, we help businesses of all sizes:

Maintain accurate records
Stay compliant with tax and regulatory requirements
Make informed financial decisions
Plan for sustainable growth

We believe that proper financial management is the backbone of business success. By handling the numbers professionally, we let you focus on what you do best: growing your business.

Call to Action

Managing your business finances doesn’t have to be stressful, we make it simple. Our expert team handles your Accounting & Bookkeeping Services with precision, so you can focus on running and growing your business.

Whether you need help with daily bookkeeping, financial reporting, payroll, or tax compliance, we provide professional support tailored to your business. With us, you gain accuracy, compliance, and clarity; all delivered in a way that saves you time and gives you peace of mind.

Contact Information:

Phone Numbers: (+234) 802 320 0801 (+234) 807 576 5799

Email: hello@businesscardinal.com

Office Address: 5, Ishola Bello Close, Off Iyalla Street, Alausa, Ikeja, Lagos, Nigeria