Outsourced Bookkeeping & Payroll

Introduction

Managing financial records, employee payroll, and compliance deadlines can be a huge challenge for any business. Errors in bookkeeping or payroll can lead to financial setbacks, dissatisfied employees, and regulatory penalties, things no growing business should face. That’s where we come in.

Backed by years of expertise, Business Depot Consulting delivers reliable Outsourced Bookkeeping & Payroll Services that take the stress off your shoulders and give you complete peace of mind. We ensure your books are accurate, up-to-date, and compliant while making sure your employees are paid correctly and on time.

Our solutions cover everything from day-to-day bookkeeping, bank reconciliation, invoicing, and financial reporting to payroll processing, tax deductions, compliance filings, and payslip generation. With our support, you gain not only accuracy and efficiency but also the confidence that your financial operations are in safe hands.

By outsourcing to us, you save costs compared to hiring in-house staff, free up your team’s time, and gain access to experts who understand the complexities of bookkeeping and payroll. Whether you are a startup, SME, or large organization, our tailored services are designed to keep your finances organized, your payroll seamless, and your business focused on growth.

What We Offer

We know that every business is different, which is why our Outsourced Bookkeeping & Payroll Services are designed to be flexible, scalable, and tailored to your needs. Whether you’re a startup looking for accurate records from day one, or an established company tired of payroll headaches, we provide solutions that save you time, reduce errors, and keep your business compliant.

Here’s what we bring to the table:

Complete Bookkeeping Support – From recording daily transactions and reconciling bank accounts to preparing financial statements, we ensure your books are always accurate and ready for decision-making.
Seamless Payroll Processing – We handle everything from calculating salaries and deductions to generating payslips and making sure your employees get paid on time, every time.
Compliance Made Easy – Say goodbye to missed deadlines and penalties. We stay on top of tax laws and statutory requirements so you remain compliant without stress.
Customized Reporting – Get the insights you need with tailored financial and payroll reports that help you plan, budget, and make smarter business decisions.
Scalable Solutions – Whether you have a small team or hundreds of employees, our services grow with you.

We take the burden of bookkeeping and payroll off your plate, so you can focus on what you do best, running and growing your business.

Pain Points We Solve

Let’s be honest, bookkeeping and payroll can feel like a never-ending chore. Many business owners start out thinking they can handle it themselves, but before long it becomes overwhelming, frustrating, and sometimes even risky. That’s where we step in.

Here are some of the common struggles we help you put behind you:

Messy Records – Lost receipts, confusing spreadsheets, and incomplete records make it hard to know where your business really stands. We keep everything neat, accurate, and up to date.
Payroll Headaches – Few things cause stress like salary mistakes or late payments. We make sure your team is paid correctly and on time, every single time.
Compliance Stress – Tax laws and statutory deductions are tricky to keep up with. We handle it for you so you don’t get hit with penalties or surprises.
Wasted Time – Instead of focusing on growth, you might find yourself stuck chasing numbers. Outsourcing frees up your time so you can put energy into scaling your business.
No Clear Picture – Without accurate reports, making business decisions feels like guesswork. We give you clear, reliable insights so you always know where you stand.
High Costs – Hiring full-time finance staff isn’t always affordable. Our outsourced services give you expert support at a fraction of the cost.

We take away the stress, the errors, and the late nights spent “figuring out the numbers.” You get accurate books, smooth payroll, and the peace of mind to focus on what you do best — running your business.

Our Outsourced Bookkeeping & Payroll Services

Outsourced bookkeeping services help businesses maintain accurate financial records, stay compliant, and make informed decisions — without the overhead of a full-time in-house team. Our comprehensive services typically include:

Financial Record Management – We record and categorize all transactions, manage accounts payable and receivable, and reconcile bank and credit card statements to ensure your records are accurate and up-to-date.
Payroll Processing – We handle payroll tasks efficiently, ensuring your employees are paid accurately and on time while staying compliant with payroll regulations.
Financial Reporting – We prepare clear and reliable financial statements, including balance sheets, income statements, and cash flow statements, so you have a true picture of your business’s financial health.
Tax Preparation and Planning – Our team assists with tax filing, planning, and compliance, helping you meet regulatory requirements and optimize your tax position.
Accounts Management – We manage your accounts payable and receivable to maintain timely payments, minimize outstanding balances, and ensure accurate records.
Budgeting and Forecasting – We provide insights and financial guidance to help you plan ahead, allocate resources effectively, and make strategic business decisions.
Compliance and Risk Management – Our services ensure your financial records are accurate, compliant with regulations, and designed to minimize financial risks.
Bookkeeping Cleanup – If your records are behind, we help catch up on overdue bookkeeping tasks and ensure everything is accurate and up-to-date.
Financial Analysis – We offer detailed financial analysis and actionable insights to help your business optimize performance, reduce costs, and improve profitability.

Our Payroll Services

Running payroll in Nigeria can be complex, with multiple statutory requirements, tax obligations, and reporting responsibilities. Our Payroll Services are designed to take the burden off your team while ensuring your employees are paid accurately, on time, and in full compliance with the law.

Comprehensive Payroll Management

We handle the entire payroll process from start to finish, including calculating gross pay, deductions, taxes, and net pay. By managing every detail, we ensure employees receive accurate salaries without delays or errors.

Statutory Compliance Made Easy

Navigating statutory deductions and remittances can be challenging. We manage all mandatory contributions, including:

Pay As You Earn (PAYE): Correctly deducting personal income tax based on salary levels
Pension Contributions: Ensuring both employee and employer contributions are properly calculated and remitted
National Housing Fund (NHF) & National Health Insurance Scheme (NHIS): Accurately managing contributions for eligible employees
Other Regulatory Obligations: Including ITF, NSITF, VAT, and withholding tax, ensuring your business remains fully compliant

Transparent Payroll Reporting

We prepare and submit payroll reports to the relevant authorities, issue payslips to employees, and maintain accurate payroll records for auditing and regulatory purposes. This transparency ensures accountability and simplifies internal record-keeping.

Payroll Policy, System, and Support

We assist businesses with developing payroll policies, implementing payroll systems, and training internal staff. Our ongoing support ensures that payroll processes run smoothly and adapt to any changes in regulations or your business structure.

With outsourced bookkeeping, your business gains accuracy, compliance, and strategic financial insight, allowing you to focus on growth and core operations while we take care of the numbers.

Methodology for Conducting Outsourced Bookkeeping & Payroll Services

We believe that outsourcing your bookkeeping and payroll should feel effortless. That’s why we’ve developed a simple yet structured methodology that ensures accuracy, transparency, and peace of mind every step of the way. Here’s how we work with you:

Initial Consultation & Needs Assessment

We start by sitting down with you (virtually or in person) to understand your business, your financial structure, and your current challenges. This helps us identify what’s working, what’s not, and what kind of support you truly need.

Customized Service Plan

No two businesses are alike. After assessing your needs, we design a tailored bookkeeping and payroll package that aligns with your operations, employee size, and compliance requirements. Whether you need full-service support or just specific functions, we’ll build a plan that fits.

Onboarding & Data Collection

Next, we help you gather and organize all the necessary financial documents — past records, payroll data, employee information, invoices, and more. We also set up secure digital channels to ensure your data is protected and easily accessible.

System Setup & Integration

We integrate your financial records into our secure bookkeeping and payroll systems. If you already use an accounting or payroll platform, we’ll align with it; if not, we’ll set up tools that best suit your business. This step ensures everything is streamlined from the start.

Execution & Ongoing Management

Once systems are in place, our team takes over the day-to-day work:

Recording transactions
Reconciling accounts
Preparing payroll
Filing taxes and statutory returns
Generating monthly reports

This allows you to stay focused on running your business while we keep your financials accurate and up to date.

Reporting & Advisory

We provide clear, easy-to-understand financial and payroll reports regularly. But we don’t stop there our experts also share insights and recommendations to help you make better business decisions.

Continuous Support & Compliance Updates

Laws, tax policies, and compliance regulations can change quickly. We stay ahead of these updates and adjust your processes accordingly, ensuring your business remains compliant at all times.

Our methodology is designed to make outsourcing feel less like “handing off work” and more like gaining a trusted financial partner who’s with you every step of the way.

Documents Required for Outsourced Bookkeeping Services

Getting your bookkeeping organized starts with having the right documents but don’t worry, we make this process simple and stress-free. Providing these documents ensures we can deliver accurate, up-to-date, and reliable financial records for your business. Typically, we’ll need:

Bank Statements – Complete monthly statements for all business accounts. This helps us reconcile your cash flow and track income and expenses.
Sales Records – Copies of invoices, receipts, and point-of-sale (POS) reports to keep track of revenue.
Expense Records – Vendor invoices, utility bills, receipts, and other proof of payments for all business expenses.
Petty Cash Records – Details of petty cash usage, including receipts and remaining balances.
Loan & Liability Records – Information about any loans, credit facilities, or outstanding debts your business has.
Tax Records – Previous tax filings and supporting documents to ensure compliance.
Previous Financial Statements (if available) – Balance sheets, profit & loss statements, or trial balances, which help us understand your financial history.

Providing these documents allows us to create a clear and accurate picture of your finances, identify areas for improvement, and set up your bookkeeping system for success.

Documents Required for Payroll Services

Running payroll smoothly and legally requires precise information. By providing these documents, we can make sure your employees are paid correctly, on time, and in full compliance with regulations. Here’s what we usually need:

Employee Information – Full names, addresses, bank account details, job titles, and start dates.
Employment Contracts – Agreements specifying salaries, benefits, allowances, and any deductions.
Time & Attendance Records – Details of work hours, overtime, leave, and attendance to ensure accurate payroll calculations.
Tax Identification Numbers (TINs) and Statutory Information – Required for tax deductions, pension contributions, and other statutory filings.
Pension, Insurance, and Benefit Details – Information about employee contributions, employer contributions, and any applicable benefits.
Past Payroll Records (if available) – Previous payslips or payroll reports to ensure continuity and accuracy.

Collecting these documents allows us to set up a smooth, compliant, and error-free payroll system, giving you confidence that your team is being paid correctly while minimizing your administrative burden.

Absolutely! Here’s a conversational introductory paragraph for the FAQ section, to guide readers before they dive into the questions:

Frequently Asked Questions (FAQs)

We know that outsourcing bookkeeping and payroll can raise a lot of questions — and that’s completely normal. To make things easier, we’ve compiled the most common questions we hear from businesses like yours. These FAQs explain how our Outsourced Bookkeeping & Payroll Services work, what to expect, and how we make your financial operations simpler, more accurate, and stress-free.

FAQ on Outsourced Bookkeeping Services

What is outsourced bookkeeping, and how can it help my business?
Outsourced bookkeeping means letting experts manage your financial records for you. It ensures your accounts are accurate, up-to-date, and compliant freeing you to focus on growing your business without worrying about errors or missed deadlines.

How often will my financial records be updated?
A: We tailor updates to your needs daily, weekly, or monthly. The goal is to ensure your records are always accurate and available whenever you need them.

Is my financial information secure with outsourced bookkeeping?
Absolutely. We use secure systems and protocols to protect your data, so your business information remains confidential and safe.

Can you help me catch up if my books are behind?
Yes! We specialize in organizing and reconciling records to bring your financials up to date, giving you a clear picture of your business’s current position.

Will I still have control over my finances?
Of course. You’ll have full visibility through regular reports and dashboards, while we handle the tedious work of managing day-to-day bookkeeping.

FAQ on Payroll Services

Can you handle payroll for both small and large teams?
Yes, our payroll services are scalable. Whether you have a handful of employees or a large workforce, we ensure everyone is paid accurately and on time.

How do you ensure compliance with tax laws and statutory requirements?
We stay up-to-date with all relevant tax laws, pension schemes, and statutory deductions, ensuring your payroll is fully compliant and penalty-free.

How frequently will payroll be processed?
Payroll can be processed according to your preferred schedule — weekly, bi-weekly, or monthly so your employees are paid on time, every time.

What happens if there’s a payroll error?
Our team quickly identifies and corrects any errors. We also implement checks and balances to minimize the chance of mistakes occurring in the first place.

Can you manage benefits, allowances, and deductions?
Absolutely. We handle all employee compensation elements, including bonuses, allowances, deductions, and statutory contributions, so everything is accurate and compliant.

These FAQs are designed to address common concerns, reassure clients, and highlight the benefits of outsourcing bookkeeping and payroll.

Why Clients Engage Us for Outsourced Bookkeeping & Payroll Services

Businesses engage our Outsourced Bookkeeping & Payroll Services because they’re looking for more than just someone to handle numbers they’re looking for a trusted partner who simplifies financial management, ensures compliance, and gives them confidence to focus on growth.

Here’s why our clients consistently choose us:

Deep Expertise You Can Count On – Our team brings years of hands-on experience in bookkeeping, payroll management, and regulatory compliance. We understand the nuances of different industries and ensure your financial operations are handled with precision.
Accuracy and Reliability – Mistakes in financial records or payroll can cost time, money, and trust. We guarantee meticulous attention to detail and timely execution so you never have to worry about errors or delays.
Peace of Mind with Compliance – Tax laws, statutory deductions, and reporting requirements are constantly changing. We stay ahead of these changes, ensuring your business remains fully compliant and avoids penalties.
Scalable, Flexible Solutions – Your business is unique, and our services are designed to grow with you. Whether you’re a startup with a small team or an established company with hundreds of employees, we tailor our solutions to your size and needs.
Transparent Reporting and Insights – Our clients love the clarity we provide. With regular, easy-to-understand reports, you get insights into cash flow, payroll costs, and overall financial health — helping you make informed business decisions.
Time and Cost Efficiency – Outsourcing your bookkeeping and payroll reduces the need for in-house staff, training, and software, while giving you access to professional expertise at a fraction of the cost.
Stress-Free Financial Management – Ultimately, clients engage us because we take the burden off their shoulders. They can focus on strategy, growth, and operations, knowing that their books are accurate, payroll is smooth, and compliance is guaranteed.

Choosing us isn’t just about outsourcing tasks, it’s about gaining a trusted financial partner who delivers reliability, transparency, and peace of mind. Our clients stay with us because we don’t just process numbers, we support their growth and success every step of the way.

Here’s a fully elaborated, conversational version of “Who Needs This Service?” for your Outsourced Bookkeeping & Payroll Services page:

Who Needs This Service?

Our Outsourced Bookkeeping & Payroll Services are ideal for any business that wants accurate financial management, smooth payroll processing, and peace of mind. If any of the following describes your situation, our services are a perfect fit:

Small Businesses & Startups – You may not have the resources to hire full-time accounting staff, but you still need accurate books and compliant payroll. We provide professional support without the overhead.
Growing Companies – Your team and financial transactions are expanding, and managing payroll or bookkeeping in-house is becoming too complex. Our scalable services grow with your business.
Businesses Facing Compliance Challenges – Keeping up with tax laws, statutory deductions, and reporting requirements can be stressful. We ensure you remain fully compliant, avoiding penalties and legal issues.
Businesses Looking to Save Time – If bookkeeping and payroll are taking up too much of your time, outsourcing allows you to focus on running and growing your business.
Companies Needing Reliable Financial Insights – Accurate reports and insights are essential for making informed business decisions. We provide clear, actionable data whenever you need it.
Organizations Wanting Cost-Effective Solutions – Hiring full-time accounting and payroll staff can be expensive. Outsourcing gives you expert support at a fraction of the cost.

Any business that values accuracy, efficiency, and peace of mind can benefit from our services. Whether you’re a small startup or a large enterprise, we tailor our solutions to fit your needs and help your business thrive.

About Us

We are a team of dedicated financial professionals passionate about helping businesses simplify their bookkeeping and payroll. Our mission is to take the stress out of financial management so business owners can focus on growth, strategy, and running their operations confidently.

With years of experience across multiple industries, we understand the challenges businesses face when it comes to accurate record-keeping, timely payroll, and regulatory compliance. Our approach combines precision, transparency, and personalized support, ensuring that every client receives solutions tailored to their unique needs.

We don’t just manage numbers — we provide insights, guidance, and peace of mind. By partnering with us, businesses gain more than just bookkeeping and payroll services; they gain a trusted ally who helps them make informed decisions, stay compliant, and operate efficiently.

Our focus is on building long-term relationships with our clients, founded on trust, reliability, and measurable results. Whether you’re a startup, an SME, or a growing enterprise, we are here to support your financial operations every step of the way.

Call To Action

Managing bookkeeping and payroll doesn’t have to be stressful or time-consuming. With our Outsourced Bookkeeping & Payroll Services, you gain more than just accurate financial records; you gain peace of mind, efficiency, and a trusted partner to support your business growth.

Whether you’re a startup, a growing SME, or an established company, we provide reliable, scalable, and fully compliant solutions tailored to your needs. Imagine having your books perfectly organized, payroll processed on time, and clear insights to guide your business decisions all without lifting a finger.

Don’t let bookkeeping and payroll slow your business down. Reach out now, and let our team handle the numbers while you focus on growing your business with confidence.

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