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Solving problems with software is easy — just find the best custom software to bring your ideas to life. But how do you actually find the best software; one that fits and suits your peculiar needs? That’s where the problem lies.
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There are five (5) top accounting software systems that are commonly used in Nigeria. The software mentioned below may or may not be in the order of their rankings but are the ones that are regarded as the best and most popular in Nigeria. They are generalized accounting software prepared for the purpose of simplifying management and accounting of small, mid-sized and large business enterprises:
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Invex Accounting Software
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Sage 50 (formerly Peachtree)
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QuickBooks accounting software by Intuit.
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Zoho Books
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MetroPOS
All five accounting packages are good for small and mid-sized companies. They offer almost the same features.
Invex simple accounting software is a simple, low-cost, fast and easy-to-use accounting software that has been used and trusted for almost a decade by reputable companies like Rivers State Central Medical Store, Medbury Medical Services, Port Harcourt, Moreplex Television Ltd., Lagos, Hello Energy, Lagos, Juesco Nigeria Ltd., Port Harcourt, Farez Farms, Lagos, Thermocool Distribution, Port Harcourt, PKO Technologies Ltd. (Port Harcourt), Pep Philips Ltd. (Lagos), Tiwanet Technologies Ltd (Lagos), Samsung Homes (Port Harcourt), PertroBase Group, Amarava Agroprocessors Ltd. (India), Foru-Solution B.V Ltd. (Lagos), Solak Expertise Ltd. (Lagos), Moreplex Television Ltd. (Lagos), Isocare Ltd. (Lagos), Bozz FM (Aba), House On The Rock (Port Harcourt), Olikks Electriks (Port Harcourt), Atlantic Marine & Oilfield Services (Lagos), Hydroferric Marine Ltd. (Port Harcourt), Fexspace Ltd. (UK), Tropical Naturals Plc (Lagos), Oil Train Ltd. (Port Harcourt), Deslog Energy Services Ltd. (Port Harcourt), Mertesacker Nigeria Limited (Port Harourt and Bayelsa), Gilbert Iweka Global Concept (Abeokuta and Akure), and many others in different locations of the country.
Its main unique features include:
- Simplifies invoicing and accounting systems
- Takes the stress off the business administrator and increases overall productivity
- Offers unlimited transactions
- Easy and faster Inventory Management
- Allows you to run your business from anywhere in the world, anytime
- Customer relationship management
- Requisitions and Approvals
- Procurement Management
- HR and Payroll with prorated payment options
- Deductions (Payee Tax, NSITF, Pensions)
- Tax Management (VAT, WHT, Income Tax)
- Management account reports
- You can easily collaborate with your accountant
The ERP version of Invex offers the following, added to the above-mentioned features:
- Asset Management
- Project Management and Financing
- Production management and tracking
It supports multiple user-experience at different access levels simultaneously. Unlike other accounting software, it is used offline or online; leveraging the many users the opportunity to maximally utilize its awesome features with ease.
With Invex simple accounting software, organizations can also connect bank and credit card accounts and match automated feeds with transactions.
Invex simple accounting software updates the quantity and value of the items sold and purchased. It sends the notification to purchase items when stock levels fall below a defined value. This software solution has the analytical capabilities to provide reports of receivables, payables, cash flow, income, and expenses via its dashboard. Support is provided remotely or on-premise.
Invex simple accounting software could be customized to suit your unique business needs; even in the comfort and flexibility of your mobile phones.
Elsewhere, Sage 50 comes in three variants namely Sage Pro, Sage Premium Accounting and Sage Quantum Accounting. Sage premium supports up to 5 users while up to 40 users can use Sage Quantum simultaneously.
In the same vein, QuickBooks has three variants namely QuickBooks Pro, QuickBooks Premier and QuickBooks Enterprise. Up to 3 users can use QuickBooks Pro simultaneously.
Zoho Books is a cloud-based accounting solution suitable for small organizations. It features contact management, invoices, expenses, sales and purchase orders, project time tracking and inventory management; just like Invex Simple Accounting Software.
MetroPOS is a point-of-sale system designed to provide an interface for restaurants looking for a simple solution in tracking day to day operations.
Recently, the manufacturers of some of the software are shifting their focus to the online version of the software where the users need to be on subscription.
So, go ahead and upgrade your business today using any of these top accounting software mentioned above. Remember that accountability increases profits; it also ensures that your business scales higher per time.