Services for Kenya & Nigeria

Bookkeeping & Accounting:

• Daily transaction entry (sales, purchases, expenses).
• Bank, debtor, and creditor reconciliations.
• Preparation of monthly or quarterly management accounts.
• Accounting software commonly used: QuickBooks, Xero, Sage, Tally, sometimes local software.

Tax Compliance:

• Kenya
• • Preparation and filing of Income Tax Returns with KRA.
  • VAT (Value Added Tax) filing and reconciliations.
  • PAYE (Pay As You Earn) filings for employees.
• Nigeria
• • Corporate Income Tax (CIT) and Personal Income Tax (PAYE) filings with FIRS (Federal Inland Revenue Service).
  • VAT filing & reconciliations.
  • Stamp duty and other local taxes.

Payroll Processing:

• Salary calculations.
• Statutory deductions (Kenya: NSSF, NHIF; Nigeria: Pension, PAYE, NHF).
• Payslip preparation.
• Filing of statutory reports with local authorities.

Year-End Accounts & Audit Support:

• Drafting financial statements under IFRS (commonly used in both countries).
• Preparing audit schedules for statutory audits.
• Fixed asset, inventory, AR/AP reconciliations for auditors.

Accounts Payable & Receivable:

• Vendor invoice entry and reconciliations.
• Customer invoicing and collections follow-ups.
• Payment scheduling and reporting.

Regulatory & Compliance Support:

• Maintaining statutory registers (directors, shareholders).
• Filing required annual returns with Registrar of Companies.
• Assistance with regulatory filings like Central Bank returns for financial entities.

Virtual CFO & Advisory:

• Cash flow management and forecasting.
• Budgeting and MIS reporting.
• Advisory on tax planning, cost management, and business structuring.