Top 6 Best Bookkeeping Apps for Nigerian Small Business Owners
Many small business owners struggle with accounting and more specifically, bookkeeping. Usually, these small businesses are wholly run by only the owner in order to save funds. Hence, they find it hard to retain a professional’s services for bookkeeping. Bookkeeping apps can help with bookkeeping for small business owners. What is bookkeeping? Bookkeeping is the act of keeping your business records or private financial transactions on a daily basis. Usually, the ‘books’ to be kept will be organized under different headings. Bookkeeping could easily be confused to mean the same thing with accounting, but bookkeeping is merely an aspect of accounting . Ordinarily, bookkeeping would involve: recording financial transactions, posting credits and debits daily, generating invoices, completing payroll and maintaining and balancing current accounts, historical accounts and general ledgers. Importance of bookkeeping As a business owner, bookkeeping helps you stay aware of your financial sta