Everything You Need forNigerian Business
Core Modules
Six powerful modules designed to handle every aspect of your business accounting.
Invoicing & Billing
Professional invoices with Nigerian tax compliance
- ✓Create professional invoices in seconds
- ✓Automatic VAT (7.5%) calculations
- ✓Withholding Tax (WHT) deductions
- ✓E-invoicing with QR codes for FIRS
- ✓Recurring invoices automation
- ✓Credit notes and refunds
- ✓Multi-currency support (NGN primary)
- ✓Payment tracking and reminders
- ✓Customer credit limits
- ✓Invoice templates customization
Expense Management
Track every naira going out
- ✓Categorize expenses by type
- ✓Vendor management with TIN tracking
- ✓Tax deductible expense marking
- ✓Recurring expense automation
- ✓Receipt OCR scanning
- ✓Expense approval workflows
- ✓Budget vs actual tracking
- ✓VAT input credit tracking
- ✓Multi-business expense allocation
- ✓Export to CSV/Excel
Payroll Management
Complete Nigerian payroll compliance
- ✓PAYE with Nigerian tax bands
- ✓Pension (8% employee + 10% employer)
- ✓NHF (2.5%) automatic deduction
- ✓Consolidated Relief Allowance (CRA)
- ✓Automated payslip generation
- ✓Approval workflow (Draft → Pending → Approved → Posted → Paid)
- ✓Submit for approval with validation
- ✓Post to General Ledger (requires approval)
- ✓Statutory remittance tracking
- ✓High-volume processing (45+ employees)
- ✓Allowances and bonuses management
- ✓Year-end tax reports
- ✓Direct deposit bank format
- ✓Audit trail for all status changes
Inventory Control
Stock management made simple
- ✓FIFO costing method
- ✓Average cost method
- ✓Automatic COGS posting
- ✓Stock movement tracking
- ✓Purchase order management
- ✓Reorder level alerts
- ✓Product categories hierarchy
- ✓Barcode/SKU support
- ✓Stock valuation reports
- ✓Multi-location inventory
Financial Reporting
Real-time insights into your business
- ✓Profit & Loss statement
- ✓Balance Sheet
- ✓Cash Flow statement
- ✓VAT Return reports
- ✓Trial Balance
- ✓Aged receivables/payables
- ✓Tax provision worksheets
- ✓Segment reporting
- ✓Custom date ranges
- ✓Export to PDF/Excel/CSV
- ✓General Ledger export
- ✓Invoice export with filters
- ✓Bills export with date ranges
- ✓Payroll export by period
Bank Reconciliation
Advanced matching and reconciliation
- ✓Bank statement import (CSV/Excel)
- ✓Intelligent match suggestions with confidence scores
- ✓Manual match/unmatch transactions
- ✓Find potential matches automatically
- ✓Split transaction matching
- ✓Transfer detection
- ✓AI-powered suggestions
- ✓Confidence scoring
- ✓Tolerance matching
- ✓Multiple bank accounts
- ✓Reconciliation reports
- ✓Unmatched items tracking
- ✓Nigerian bank formats
- ✓Real-time reconciliation status
Complete Tax Compliance
Every Nigerian tax requirement built-in. No add-ons, no extra cost.
VAT Management
7.5% VAT on sales and purchases with automatic calculation
- ✓Output VAT on invoices
- ✓Input VAT on expenses
- ✓Net VAT calculation
- ✓VAT return generation
Withholding Tax
Multiple WHT rates with certificate generation
- ✓5% on services/contracts
- ✓10% on consultancy/dividends
- ✓WHT certificate generation
- ✓Remittance tracking
PAYE Compliance
Nigerian tax bands with CRA deductions
- ✓Progressive rates (7-24%)
- ✓Consolidated Relief Allowance
- ✓Monthly remittance tracking
- ✓Annual P9 forms
Pension & NHF
Automatic statutory deductions
- ✓8% employee contribution
- ✓10% employer contribution
- ✓2.5% NHF deduction
- ✓PFA remittance format
Nigerian Tax Rates (2026)
| Tax Type | Rate | Notes |
|---|---|---|
| VAT | 7.5% | Applied to goods and services |
| WHT (Services) | 5% | Withheld at source |
| WHT (Dividends) | 10% | For shareholders |
| CIT (Small) | 0% | Turnover < ₦25M |
| CIT (Medium) | 20% | Turnover ₦25M - ₦100M |
| CIT (Large) | 30% | Turnover > ₦100M |
| NHF | 2.5% | Employee contribution |
| Pension (Employee) | 8% | Monthly deduction |
| Pension (Employer) | 10% | Employer contribution |
Smart Automation with AI
Let artificial intelligence handle the tedious work while you focus on growing your business.
Smart Transaction Categorization
AI automatically categorizes transactions based on description and patterns, learning from your corrections.
Intelligent Bank Reconciliation
Fuzzy matching and ML-powered suggestions to reconcile bank statements faster with confidence scores.
Anomaly Detection
Automatically detect unusual transactions, potential fraud, and accounting errors in real-time.
Cash Flow Forecasting
AI-powered predictions of future cash flow based on historical patterns and seasonality.
OCR Invoice Processing
Upload invoice images and let AI extract vendor, amount, date, and line items automatically.
Natural Language Queries
Ask questions like 'What was Q3 revenue?' and get instant answers from your financial data.
Payment Prediction
AI predicts when customers will pay invoices based on their payment history, invoice amount, and behavioral patterns. Identifies high-risk invoices.
Invoice Fraud Detection
Machine learning detects duplicate invoices, unusual amounts, suspicious vendors, and other fraud indicators to protect your business.
AI Financial Narratives
Generate human-readable financial reports and summaries. Get executive summaries, highlights, concerns, and recommendations in English or Nigerian Pidgin.
And Much More...
Additional features that make WAZOBIA-Books the complete solution for Nigerian businesses.
Period Locking
Prevent backdated entries in closed accounting periods
Multi-Entity
Manage multiple businesses with consolidated reporting
Multi-Currency
Support for foreign currencies with FX rate management
Mobile Ready
Access your accounts from any device, anywhere
Data Export
Export GL, Invoices, Bills, and Payroll to CSV/Excel formats
API Access
RESTful API for custom integrations
Two-Factor Auth
Secure your account with TOTP-based 2FA
Email Login
Simple email-based login - no username needed
Cloud Backup
Automated backup to Google Drive and OneDrive. Your data stays in your own account - we never store it.
Smart Matching
AI-powered bank reconciliation with confidence scoring
Approval Workflows
Multi-stage approval for payroll and critical transactions
Ready to Experience These Features?
Start with our free demo and see how WAZOBIA-Books can transform your business accounting.