Author name: Oluwole Adebayo

Foreign-owned companies in Nigeria are required to comply with legal and regulatory requirements to operate within the country. Below are some of the key legal and regulatory requirements for foreign-owned companies in Nigeria:   Registration with the Corporate Affairs Commission (CAC): Foreign-owned companies are required to register with the Corporate Affairs Commission (CAC) in Nigeria. …

Foreign-Owned Companies In Nigeria: Legal and Regulatory Requirements Read More »

Accounting outsourcing is still relatively new in Nigeria. Business owners and entrepreneurs are used to traditional ways of recruiting. Therefore, they believe that they need to hire a full-time accountant before they can have access to accounting services. On the other hand, because of the cost involved in hiring a professional accountant to help keep …

How to Choose the Right Accounting Outsourcing Firm  Read More »

Possibly you have heard that it is cost-effective to hire an outsourced accountant but you are still in doubt about whether it is actually cost-effective or not. In-house and outsourced services offer different workflows when managing the bookkeeping and accounting for your company. While we understand that outsourced bookkeeping and accounting is not right for …

Outsourced Accountant Vs. In-House Accountant Read More »

For some organizations, turning over vital business functions, such as accounting to a third party can be daunting. Business owners need to be well informed about outsourcing arrangements and processes in order to truly recognise the value and benefits of outsourcing.   Below are some of the benefits which can be derived from accounting outsourcing: …

Why You Must Outsource Your Accounting Functions Read More »

Introduction: Accounting records are essential for any business, whether small or large, as they provide a clear and accurate picture of the financial health of the business. Properly maintained accounting records help businesses to track their cash inflows and outflows, monitor their expenses, prepare financial statements, and comply with tax and legal requirements. In this …

10 Benefits of Keeping Accounting Records Read More »