Top 8 Best Accounting Software Companies In Nigeria 2022

Today QUICK LOAN ARENA, a leading small business finance review website reports on the top 10 best accounting software companies in Nigeria for 2022. Digital evolution, new innovations and the advent of new technologies globally and by implication Nigeria have changed the course and direction of accounting and accounting information systems. This has given rise to the evolution and development of many organizations in Nigeria gaining expertees in accounting software implementation.

Acccounting Software Companies are financial services organizations that specialize in acquisition, implementation and customization of accounting software for different categories of companies and at the same time involve in training staff and users in handling the newly installed software solution for ease of daily recording of financial transactions and processes. There are many in Nigeria but this article will only address the top 10 accounting software companies in Nigeria.

Accounting Software Companies In Nigeria And The Definition Of Accounting Software?

Accounting Software is a computer program implemented by accounting software companies that allows automation of financial records and business processes and assists accountants, business managers, financial consultants, auditors and business owners in maintaining, posting, reporting and monitoring an organization’s financial transactions within a functional system with the aim of making informed periodic business decisions.

A good accounting software solution contains menus such as customers, vendors, suppliers, sales ledger, purchases ledger, accounts receivable, accounts payable, journal, payroll, fixed asset, direct cost (cost of sales) and indirect cost (administrative expenses), assets, liability, general ledger, trial balance, income statement, budget analysis, inventory and store management, balance sheet, etc. which simplify the processes of accounting record entries, executing and reporting. Therefore a major objective of accounting software companies in Nigeria and anywhere else is to implement a software that will function as a complete accounting information system.

There are many accounting software companies in Nigeria and they help to implement accounting software for their clients. This helps to simplify accounting rpocesses and reporting for the clients. Specifically accounting software helps to maintain and manage sales, customers, purchases, vendors, to maintain, post and track entries in all ledger accounts for daily business transactions and generate reports of different capabilities.

Many accounting software companies in Nigeria also specialize in inventory management solutions for their clients. This helps to manage and track stock levels, bill customers, send online and hard copy invoices to clients and customers, complete inventory management solution and monitor cash and bank account movements and balances, to say but a few. Reports such as customer receivables, vendor payables, different inventory levels and balances are also derivable from such software.

Top 8 Best Accounting Software Companies In Nigeria 2022

Accounting is an important element of the business process since a well-run accounting information system can provide timely, accurate and relevant information for management decision making. This is why most accounting software companies in Nigeria provide addition real time and online continuous support for their clients.

Accounting software reduces the amount of time spent on data entry by allowing users to sync their business bank accounts and credit cards with the software. Once synced, transactions will flow into the accounting software, where they can be categorized into various accounts. While most accounting software is easy to use, a general understanding of accounting principles is needed to ensure that financial reports are prepared correctly. For this reason, many businesses hire bookkeepers or accountants to maintain or review their books.

QUICK LOAN ARENA in this article brings to you our list of top 8 best accounting software companies in Nigeria. We recommend you patronise any of our top list below. All the 8 companies listed are major in implementing accounting software for small businesses.

1. Skytrend Consulting Limited
2. Microware Solutions Limited
3. Gems Consulting
4. Excellium Consulting Services
5. Brevic Consulting & Investment Ltd
6. Professionals Technologies Consult (ProtekConsult)
7. Kaymub Consult Limited
8. DroidEdge Consulting

1. Skytrend Consulting Ltd

Skytrend Consulting Limited is our 1st pick and one of the best accounting software companies in Nigeria for small and medium scale businesses. When it comes to implementing suitable and cost effective accounting software solutions for your business, Skytrend Consulting are the EXPERT! They have been in the business of accounting software solutions since 2013, that is almost 10 years.

Skytrend services are tailored towards getting your businesses and finances more organized and more productive with robust core accounting and customizable business management features that save you time and money. The Financial Consulting company deploy accounting software to their clients’ business to enable them articulate and automate their daily business transactions. Their services are in 3 fold:

Accounting Software Sales And Installation

Skytrend Consulting sells and help to install accounting software and solution for your business organizations whether product or service-oriented.

Accounting Software Training

After acquisition and installation of software, they conduct special and periodic training and support for their clients. This will arm them with needed tools to continuously operate the software and obtain accurate financial reporting of their business activities.

Accounting Systems Set Up & Implementation

Skytrend Consulting team performs systems set up and implementation of the new accounting software. They also help in instituting a proper accounting system for businesses, internal control check up and compliance audit, a custom made accounting solution to all your service products and financial records.

2. Microware Solutions Limited

Microware Solutions Limited is our 2nd pick on the list of accounting software companies in Nigeria. The organization provides a variety of IT solutions and specialised services to the industrial, governmental and service sector organisations. They have achieved a measure of success attributable to the dedication and commitment of a group of professionals in various areas of Information Technology and Information Management. Their services include:

CLOUD COMPUTING
They offer a bouquet of the best Cloud solutions for modern day’s fast past businesses. Our solutions include Acumatica Cloud ERP, WebHR Human Resources and Payroll, Oracle cloud, etc.

ERP IMPLEMENTATION
They bring their expertise and competences to bear in the implementation and customisation of integrated Accounting, ERP, CRM and other business software optimised to exceed customers’ expectations.

3. Gems Consulting

Gems Consulting is our 3rd pick on the list of top 8 accounting software companies in Nigeria. It offer services from Engagement to Support in the following products and services:

Microsoft Dynamics 365
Microsoft Dynamics 365 is a set of modern and intelligent cloud applications that help to move businesses forward.

Microsoft Dynamics NAV
Microsoft Dynamics NAV helps organizations to connect and grow their business. The system helps small and medium enterprises to grow beyond the limits of their basic accounting solutions.

Microsoft Dynamics CRM
Microsoft Dynamics CRM enables organizations to turn their several relationships into revenue. Dynamics CRM enables companies to better understand customers needs, engage more effectively and win more deals.

4. Excellium Consulting Services

Founded in 2012. In 2014, Excellium Consulting Services, one of our reviewed accounting software companies in Nigeria, became a licensed Sage business partner, supporting clients with Enterprise Resource Planning (ERP), accounting, payroll and HR software solutions. Excellium now supports customers with various business software solution providers, such as Zoho and Microsoft, thereby empowering businesses for innovation, scale, and agility.

Sage Cloud hosting
Accelerate the speed of doing business with Sage on cloud and the flexibility of the cloud. Sage applications in the cloud enable businesses to work nearly anywhere, anytime and on almost any device.

Erp Consulting
We help our clients to install, and
maintain automated accounting,
and enterprise management
software.

Advisory services
We provide accounting and advisory services using technology and our expertise in business management to provide strategies to companies on how to improve their business efficiencies.

5. Brevic Consulting & Investment Ltd

Brevic Consulting & Investment Ltd is our 5th reviewed accounting software companies in Nigeria. It claim to be a Fixed Asset Management, Accounting Softwares Implementation Consultants and IT Firm. They claim to have a wealth of experience in these field. However QUICK LOAN ARENA has not been able to verify this claim. Their website is very empty and bland, with basic menus missing. We hardly could get their service mission on their website. We advise customers to be wary.

6. Professionals Technologies Consult (ProtekConsult)

The Professionals Technologies Consult (ProtekConsult) is an Information Technology Service provider with core competence in the area of Web Application Development, E-payments Integration, Software Developments, Account & ERP Application deployment, & integration. It is our 6th pick on our list of top 8 best accounting software companies in Nigeria.

They also provide specialized training for individuals and corporate bodies on various Applications like Microsoft Office Suite, QuickBooks, Sage 50, Sage Evolution, Sage VIP and host of other Software.

They have over fifteen (15) years Industrial experience and well above 95% success rate in all our projects, ProtekConsult is well position to handle all your Business Software requirement. They also claim to have seasoned Programmers, Accountant and Business System Analyst who are highly committed to give you value for your investment.

7. Kaymub Consult Limited

Kaymub Consulting Limited (KCL) is a world class consulting firm and a Business Partner to Sage Pastel International (SPI). Kaymub is our 7th pick on our list of top 8 best accounting software companies in Nigeria, specializing in Financial Accounting advisory services, Tax consultancy, Training on capacity building, Auditing, Accounting Software solution, support and implementation, Expert witness, System Assurance, Real Estate projects, Rehabilitation, and Business Development Management.

KCL is one of the largest consultants and resellers of Sage Pastel Accounting Software. They are known to be a leading solution provider to Sage Pastel range of products and providing financial solutions to help you succeed in your various financial needs.

They claim to have consultants with over 15 years of combined experience in Auditing, Taxation and ERP with Sage products. We are committed to providing exceptional Accounting Information Systems and services, while building a lasting relationship to improve the success of our clients.

8. DroidEdge Consulting

Droidedge consulting is an IT Company that specialize in the accounting sector, and our 8th pick on our list of top 8 best accounting software companies in Nigeria. Their services include training, development, customization, implementation, and on-going support of business management software systems.

DroidEdge Consulting offers entity specific software development, customization and integration of complex enterprise level solutions.

DroidEdge Consulting also have expertise in Sage X3 ERP, Sage 300 ERP (Accpac) and Sage CRM solution provider in the Nigeria. Based in Lagos, DroidEdge Consulting is a Sage partner with vision is to deliver innovative, tailored information technology solutions and services that contributes to the customer’s success.

They claim to have in their team software consultants, CPAs, and IT experts focused on helping small– to medium-sized businesses (SMBs) become more efficient, self-reliant, and profitable.

They also claim to deploy cloud, SaaS, hosted, online, and on-premise software solutions. From accounting, ERP, CRM Software, Communication and Messaging Solutions, Asset Management, Business Productivity Solutions , business insight tools, HR/Payroll management, eCommerce solutions, and much more.

Frequently Asked Questions (FAQs)

1. What is the most popular software for accounting?

The most popular software for accounting is Sage 50 Accounting Software. Sage 50 Accounting Software has become industry standard in the evolving business of accounting software solution implementation. This is because it’s very simplified, easy to learn and use even by accountants and non accountants, business owners and senior executives who may never have had any background in accounting.

2. What is an accounting software company?

Acccounting Software Companies are financial services organizations that specialize in acquisition, implementation and customization of accounting software for different categories of companies and at the same time involve in training staff and users in handling the newly installed software solution for ease of daily recording of financial transactions and processes. There are many accounting software companies in Nigeria which include:

Skytrend Consulting Limited (08033857245)
Microware Solutions Limited
Gems Consulting
Excellium Consulting Services

3. What software do financial accountants use?

There are many different types of accounting software that financial accountants use for small and medium scale businesses in Nigeria, with varying capabilities and price tags. Generally, the type of industry and number of employees are two factors that can help a financial account or business owner begin to choose the accounting software that is appropriate.

The following a typical list of software that financial accountants use:

Sage 50 Accounting Software
FreshBooks Accounting Software
QuickBooks Accounting Software
SAP Accounting Software
Xero Accounting Software
Zoho Books Accounting Software
AccountEdge Pro Accounting Software
Wave Accounting Software
ZipBooks Accounting Software
Sage Business Cloud Accounting Software
Tally Accounting Software
Busy Accounting Software
Godaddy Accounting Software

4. What are softwares in accounting?

Softwares in Accounting are computer programs implemented by accounting software companies that allows automation of financial records and business processes and assists accountants, business managers, financial consultants, auditors and business owners in maintaining, posting, reporting and monitoring an organization’s financial transactions within a functional system with the aim of making informed periodic business decisions.

5. Which is the most convenient accounting tool for small business?

Sage 50 Accounting Software is the foremost and most convenient accounting tool for small businesses in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe.

Sage 50 solution is easily customizable for many types of business organizations such as hotels, restaurants, bar, manufacturing, consultancy businesses, service businesses, trading businesses, schools etc.

6. Which app is best for business accounting?

Sage 50 Accounting Software is the best app for business accounting in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe.

7. What software do companies use for accounting?

1. Sage 50 accounting software: Sage 50 Accounting Software is the first and foremost and leading accounting software for small businesses in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe

2. FreshBooks Accounting Software: FreshBooks is number 2 on our list of accounting software for small businesses in Nigeria and has long been the best accounting software in the freelancing space. With FreshBooks, you can manage all the financial operations from a single dashboard.

3. QuickBooks Accounting Software: QuickBooks is number 3 on our accounting software for small businesses in Nigeria and it was developed and marketed by Intuit. Its latest cloud-based release was in 2019, but it also offers separate desktop options you can purchase and download. Its products are typically geared toward small and medium-sized businesses, and over seven million businesses use this software.

4. SAP Accounting Software: SAP, an acronym for System, Application, and Products is one of the leading business software providers in the world and a top on the list of accounting software for small businesses in Nigeria. It is an integrated enterprise system mostly used by big companies. It can also be used by small and medium-sized businesses

5. Xero Accounting Software: Xero is another top accounting software solution for small businesses in Nigeria. This software has a clean interface and also fully integrates with a third-party payroll service. Businesses can collect payment online from customers through Xero’s integration with Stripe and GoCardless.

6. Zoho Books Accounting Software: Zoho Books is simple yet scalable accounting software for those who are self-employed and those who want to start a small business. This makes it a unique option on our list of the best accounting software for small businesses.

7. Wave Accounting Software: Wave is powerful accounting software for small businesses in Nigeria and also for individual contractors. It places significant emphasis on ease of use and synchronicity —letting you link your bank accounts, track your expenses, and balance your books without any trouble. It also lines up with Wave’s additional resources, providing you with an all-in-one solution if you opt to invest in its other products.

8. What are 5 of the most commonly used accounting softwares?

5 of the most commonly used accounting softwares are as follow:

Sage 50 Accounting Software
FreshBooks Accounting Software
QuickBooks Accounting Software
SAP Accounting Software
Xero Accounting Software

9. How many software are there in accounting?

There are very many different software in accounting for different categories of organizations. Some of them are :

Sage 50 Accounting Software
FreshBooks Accounting Software
QuickBooks Accounting Software
SAP Accounting Software
Xero Accounting Software
Zoho Books Accounting Software
AccountEdge Pro Accounting Software
Wave Accounting Software
ZipBooks Accounting Software
Sage Business Cloud Accounting Software
Tally Accounting Software
Busy Accounting Software
Godaddy Accounting Software

10. How much does QuickBooks cost in Nigeria?

Price List for Intuit QuickBooks 2021 Desktop Software

Intuit QuickBooks Product 1-USER N250,000
Intuit QuickBooks Product 2-USER N350,000
Intuit QuickBooks Product 3-USER N450,000
Intuit QuickBooks Product 5-USER N550,000

11. How much does Sage 50 Accounting cost in Nigeria?

1 – user 2020 Premium US Edition Perpetual Licence N150,000
3 – user 2020 Premium US Edition Perpetual Licence N450,000
5 – user 2020 Pemium US Edition Perpetual Licence N600,000
10 – user 2020 Premium US Edition Perpetual Licence N750,000
5 – user 2020 Quantum US Edition Perpetual Licence N750,000
10 – user 2020 Quantum US Edition Perpetual Licence N850,000

12. Which accounting software is most popular?

Sage 50 Accounting Software is the most popular accounting software for small businesses in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe.

13. What software should accountants know?

At Skytrend Consulting, we recommend that accountants and business owners know and understand how to use Sage 50 Accounting Software because it is the most popular accounting software for small businesses in Nigeria. It has become industry standard in the evolving business of accounting solution implementation. This is because it’s very simplified, easy to learn, and use even by accountants and nonaccountants in Nigeria and all across the globe.

14. Which application is best for accounting?

Sage 50 accounting software application is best for accounting. QuickBooks is also good. Sage 50 solution is easily customizable for many types of business organizations such as hotels, restaurants, bar, manufacturing, consultancy businesses, service businesses, trading businesses, schools etc. Skytrend Consulting Ltd is one of the best accounting software companies in Nigeria can help you implement Sage 50 for your businesses and train your staff on how to use it.