Ayinuola O.

Dear Accountants, i recently learnt about NEGATIVE REVENUE on Perpetual Badejo (ACA, ACTI, FMVA®) post this morning. IS IT POSSIBLE FOR A COMPANY TO HAVE A NEGATIVE REVENUE ON THE INCOME STATEMENT? Based on my research, i found out this; Logically, a company cannot have a true negative revenue figure on its income statement. The key reasons why a company cannot have a negative revenue figure are: FUNDAMENTAL PRINCIPLES OF REVENUE 1. Definition of Revenue: Revenue is defined as the total amount of income generated from the sale of goods or services. By definition, revenue cannot be negative, as it represents the inflow of economic benefits to the company. 2. Accrual Accounting: Under the accrual basis of accounting, revenue is recognized when it is earned, regardless of when the cash is received. This means revenue is recorded on the income statement when the performance obligation is satisfied, not when cash is collected. PROPER ACCOUNTING TREATMENT 3. Contra-Revenue Accounts: Companies use contra-revenue accounts like sales returns, discounts, and allowances to offset and reduce the gross revenue figure. However, these are recorded as separate line items, not as negative revenue. 4. Gains/Losses on Investments: Investment gains or losses should be reported separately from operating revenue, typically under "Other Income/Expenses" on the income statement. 5. Accounting Adjustments: Any corrections or adjustments to revenue should be made by restating the prior period's revenue, not by reporting a negative current period revenue. While it may appear that a company can have a negative revenue figure, this would go against fundamental accounting principles. Proper accounting practices require revenue to be reported as a positive number, with offsets and adjustments recorded separately on the income statement. Is it possible? Drop your opinions in the comments and also repost.

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From Classroom to Corporate: My Journey from Teaching to Accounting. Not me trying to not be consistent with this LinkedIn challenge, never!😃 So, Day 2 of the LinkedIn challenge is to tell my personal story. Here goes! After university, I embarked on my NYSC service, initially posted to Bauchi but later redeployed to Akwa Ibom for personal reasons. I’ve always loved teaching and was thrilled to teach Financial Accounting at Pan African Comprehensive Secondary School. Those years were fulfilling, seeing how I could impact students’ lives and learn from them in return. As my NYSC service neared its end, I faced a tough decision: continue teaching, which I loved, or pursue hands-on experience in an accounting firm. Leaving a school where I had built bonds and where they were willing to retain me was difficult. However, I decided to follow my passion for accounting. During this transitional period, LinkedIn became an invaluable resource. I discovered Oyindamola Adeleye, ACA and joined the Accounting Job Hub community on whatsapp, which was a game-changer. The community provided insightful sessions and articles that broadened my understanding of the accounting field. With the knowledge and tips I gained, I secured an internship at an accounting firm in Uyo. The journey from being a classroom teacher to working as an accountant has been incredible. Reflecting on this transition, I feel blessed to have a great boss, Linda victor-akpan, (she's not just a boss but also a mentor in my journey in the profession) and to be where I am today. Switching careers was one of the best decisions I’ve made. It’s never too late to pursue your passion and take bold steps in your career. What bold steps have you taken in your career? I’d love to hear your stories! #15dayslinkedinchallenge Be More Daily

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HYBRID CAPITAL AND VENTURE CAPITAL AS A SOURCE OF FINANCE As entrepreneurs and business leaders in Nigeria, accessing the right capital is crucial for growth and success. HYBRID SOURCES OF CAPITAL Hybrid capital combines debt and equity financing elements, offering flexibility and reduced risk. Interest is paid as specified and at maturity, the bondholder may choose to be repaid the principal or exercise the right to convert the bond to stock at the price pre-specified or at the market price of the stock as may have been indicated. In Nigeria, examples include: - Convertible Notes - Mezzanine Financing - Preferred Equity VENTURE CAPITAL This is capital provided by a specialist private equity investor or specialist investment company often with support from financial institutions (mainly banks). Generally, venture capital is an investment in small private companies to finance expansion, rescue struggling companies with bright prospects or start-ups. To access these funds, The business plan must be well laid out and the business(es) of the company must be attractive and the relationship terminates often with a listing on a Stock Exchange or terminated as may have been specified. Duration can be as long as 10 years. Rationale for venture capitalist intervention include:  ➢ Start-ups and early stage financial requirements ➢ Turnarounds ➢ Expansion ➢ Refinancing and Restructuring Bank Debts ➢ Secondary purchase (where one group of shareholders buy from another group) ➢ Management Buy-Ins (where external managers buy into another “struggling company to gain control and management) ➢ Management Buy-Outs (where inside Managers buy out existing management often with financial assistance from banks/other financial institutions to gain control and management). Pros of Hybrid Capital and VC Funding - Flexibility: Adapt to changing business needs - Reduced dilution: Minimize ownership loss - Increased valuation: Validate business potential - Expertise: Leverage industry expertise and networking Cons of Hybrid Capital and VC Funding While hybrid capital and VC funding present opportunities, they also come with challenges: - Higher costs: Fees and interest payments can be steep - Loss of control: Equity dilution and investor influence can impact decision-making - Scalability pressure: Meeting growth expectations can be intense Conclusion Hybrid sources of capital and venture capitalists are essential for growth-oriented businesses in Nigeria. By understanding the options, pros, and cons, entrepreneurs can make informed decisions about their funding strategy. Let's Lead the Conversation! Share your experiences, insights, and questions about hybrid capital and VC funding in Nigeria in the comments below! #HybridCapital #VentureCapital #FundingStrategy #GrowthHacking #StartupSuccess #Entrepreneurship #NigeriaBusiness #Investment

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In today’s volatile e-commerce market landscape, having a well crafted risk management strategy is essential for any small business especially in Nigeria. One effective tool for identifying and managing potential risks is the PREPARE risk register. This systematic framework helps in recognizing, assessing, and prioritizing risks, ensuring businesses do not use fire fighter approach to address disruptions. --Your e-commerce business may face several risks, including supply chain disruptions, cybersecurity threats, changing regulatory environments, and customer trust issues related to product authenticity. Natural events, such as flooding, could also impact logistics and delivery lead times. --You may need to evaluate the possible risks mentioned above based on its likelihood and potential impact on your business operations. For instance, the risk of supply chain delays can be classified as high, depending on your local or international dependencies for sourcing products. Cybersecurity threats may also be highly likely, given the increase in online transactions. --To enhance your SC resilience, developing comprehensive strategies to mitigate these risks is crucial. Think of establishing relationships with multiple suppliers in case supply disruptions. On the cybersecurity risk, investing in strong security measures and regular training for employees can keep your sensitive information relatively safe.  --Your business Implementing the mitigation strategies requires structured action plans with clear responsibilities. A dedicated and cycle monitoring of the risk environment and regular assessments of the risk register will help your business adapt as conditions change. --Your business environment is progressive and that means that review of your risks management strategies should be progressive too. Thus, regular reviews of the risk register allow companies to reassess risks and update their strategies accordingly. In the ever fast-paced e-commerce sector, do you have a risk register tool to manage potential disruptions to your business. When did you review them last? Preparing for unexpected disruptions not only enhances operational resilience but also fosters consumer trust and loyalty.

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Understanding Tax Rates for SME Owners in Ghana If you're an SME owner in Ghana, it's crucial to understand the specific tax rates that apply to you. this a breakdown of the key points about tax rates for SME owners: Personal Income Tax (PIT) for SME Owners Income Threshold: Individuals earning above GH¢ 490 per month as employees, sole proprietors, or partners must pay Personal Income Tax. Progressive Rates: PIT rates are progressive, ranging from 0% to 35% based on income brackets. For example, income GH¢ 5880 is tax-free, while income above GH¢ 600,000 is taxed at 35%. Corporate Income Tax (CIT) for SMEs Standard Rate: The standard CIT rate in Ghana is 25%. Reduced Rates: - Non-traditional exporters: 8% - Manufacturing companies in regional capitals (except Accra & Tema): 18.5% - Manufacturing companies outside regional capitals: 12.5% - Free Zone Enterprises (after a 10-year tax holiday on domestic sales): 25% - Free Zone Enterprises (after a 10-year tax holiday on export of goods and services): 15% Hotels 22% Tax Holidays and Incentives for SMEs - Special Rates for New Companies: Newly established companies in sectors like manufacturing, technology, and agro-processing enjoy a special 1% CIT rate for their first five years. - Ongoing Incentives: Agro-processing businesses using local raw materials benefit from reduced CIT rates after the initial tax holiday, ranging from 5% to 20% depending on location. -Non-Traditional Exporters: These businesses enjoy a concessionary CIT rate of 8%. Summary While the standard PIT and CIT rates are 30% and 25% respectively, SME owners in Ghana can benefit from: Progressive Tax Brackets Reduced Rates for Specific Sectors and Locations Tax Holidays to Ease the Tax Burden It's always a good idea to consult with a tax professional to optimize your tax planning and ensure compliance. Feel free to reach out if you have any questions or need further guidance on navigating tax rates for your SME! #TaxRates #SMEOwners #GhanaRevenueAuthority #BusinessTaxes #FinancialManagement #TaxIncentives #BusinessGrowth

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We held our MSMEs training, "Ethical Funding for MSMEs," on Saturday, May 18, 2024. Mr Aliyu Buhari facilitated the training session. The Session was divided into three parts: ·      Introducing Non-Interest (Islamic Finance) and Basic Contracts ·      General requirements and conditions ·      Discussion of Practical Experience and Bankers Review (RAAC). During the Practical Experience Session, SME owners learnt why some of them were denied finance for their enterprises. The facilitator provided crucial information that can help SMEs obtain funding from ethical banks. Some of these major requirements include: Existing account with the bank or willingness to start a new account with the bank, including six months' bank statements from the previous bank. The business must be operational and have three years of financial statements available.   Maintain outstanding credit rating.   Present a qualified business plan. Some companies may require registration certificates from various authorities, such as NAFDAC.   Customer's cash flow and commitment letter.   *Banks may set extra criteria*.   The criteria highlighted what we typically emphasize at Nectar: Excellent record-keeping. We thank Aliyu Buhari and look forward to working with him again. We also thank everyone that joined the training. Dear SMEs, It's the end of the month. Don't forget your monthly stock count and watch this space for our June training. #Finance #EthicalFinance #SMEs #MSMEs Jaiz Bank Plc LOTUS Bank TAJBank Ltd.

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Cash is King: A Practical Insights from Mentorship Corner International Recently, I gained invaluable insights into the importance of cash flow in business from the esteemed mentors at Mentorship Corner International. I heard this saying first from Victor Ogundele that Cash is king and practically, I learned it from Qudus Adebowale Balogun that for every business or organisation, cash is king. In the class, we explored both presentation methods and discovered the standard's preference for the direct method. Beyond the technicalities, I learned two crucial lessons: 1. Cash Flow Statement as a Strategic Management Tool: Understanding cash flow is essential for effective strategic decision-making. By analyzing cash movements, organizations can identify areas for improvement and ensure financial stability. 2. Cash Flow Statement Analysis: Just like other financial statements, cash flow statements require thorough analysis. Operating cash flow results reveal operational efficiency, while investing cash flow results indicate commitment to long-term goals. Financing cash flow results provide insights into risk and financial exposure. These lessons reinforced the saying that "cash is king." By embracing these insights, businesses can optimize their cash flow, make informed decisions, and achieve growth.

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How My NYSC Experience Transformed My Communication Skills One of the most significant areas of growth during my NYSC year has been my communication skills. During my internship at Dufil Prima Foods Plc, I was required to communicate effectively and ask questions to successfully carry out projects and identify bottlenecks. Initially, this was a challenging task for me. Approaching people I had no personal relationship with and initiating conversations was something I wasn't used to or comfortable with. Recognizing this, I sought guidance from my supervisor, Benita Elendu, on how to overcome the anxiety that came with communication. She provided me with invaluable tips that helped me gradually build my confidence. As time went on, communicating my thoughts and ideas became more manageable, though not without its challenges, especially given the varying personalities within the team. Driven by a desire to further improve my communication skills, I decided to run for the position of Project Coordinator in my Community Development Service (CDS) group, which focused on the Sustainable Development Goals (SDG). This role required me to convey information clearly to diverse audiences, a task that initially filled me with apprehension. During my campaign, I had to present a manifesto, and the thought of addressing my peers was daunting. I questioned whether my message would resonate with them, whether they would listen, and whether I could convince them to support my vision. Despite these doubts, I prepared diligently, practicing my speech with the help of my friend, Faith Akhidenor, and applying the tips from my supervisor. On election day, my efforts paid off—I was elected Project Coordinator. This role gave me the opportunity to speak with other executives, engage with stakeholders, plan and execute outreaches, and educate people about the SDG goals. Over time, I became increasingly comfortable speaking to different audiences, whether in one-on-one conversations or addressing large groups. While my communication skills have improved significantly since the start of my service year, I remain committed to continuous improvement. I actively listen to how others convey information and regularly watch TED Conferences talks on communication. This journey has not only enhanced my ability to communicate but also reinforced the importance of stepping out of my comfort zone to grow and develop new skills. A special thank you to Benita Elendu and Faith Akhidenor for their guidance and support throughout this journey. #NYSC #CommunicationSkills #PersonalGrowth #Leadership #PublicSpeaking #ContinuousImprovement #SDG

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Let's talk TAX📝📈 WITHHOLDING TAX on Non- resident person A resident person shall withhold tax at the rate prescribed in the First Schedule when the person makes a payment to a non-resident person in respect of the following where the contract give rise to #income in Ghana. (i) Insurance premium with a source in Ghana (ii) Management and Technical Services Fees (iii) Supply or use of Goods (iv) Supply of Works (v) Supply of Services Where a payment is made to a non-resident person from a country which has a #Double #Taxation Agreement with Ghana, the withholding tax rate shall be the rate applicable in the relevant article of the Agreement. A non-resident person who seeks to rely on an article in a Double Taxation Agreement shall submit a Certificate of Residence from the competent authority of that person’s country of residence to the Commissioner-General. Also section 116(11) Income Tax Act, 2015 Act 896 oblige A resident person who enters into a contract with a non-resident person which gives rise to Income from Ghana is required to notify the Commissioner-General within thirty (30) days. The notification shall contain the following: 📍The nature of the contract; 📍The likely duration of the contract; 📍The name and postal address of the non-resident person to whom payments under the contract are to be made; and 📍The total sum estimated to be payable under the contract to the non-resident person. #FinanceInkConsult, #Taxation #Accounting #auditing #TeamFIC

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Some weeks ago, we had an insightful career session at Mentorship Corner International where our esteemed mentor Richard Okunola, CA, spoke on the topic Professional Development/Career Roadmap. 📌 If you're at the beginning stage of your career, this will help you navigate your career path seamlessly. 📌 If you're also at the mid-level or senior level cadre, it will help you know the right ingredients to stay relevant in your career field. 📌There is a need to draw out a career plan for yourself; imagine a building edifice without a structural plan - a lot can go wrong. Here are the key points to know: 📌 Self-Discovery: Before you can effectively map out a plan, you need to embark on a journey of self-discovery. Take an inventory of your past experiences and achievements to identify your strengths and passions. When you discover yourself, map out the necessary skills that align with your goals, with a specific timeline needed to build those skills. For example, if you want to be a chartered accountant, build skills that will help you prepare and analyze financial statements. 📌 Continuous Learning: Now that you have a career plan, embrace continuous learning to improve yourself. Begin with formal education (e.g., a degree in Accounting), get a professional certification (e.g., ICAN, ACCA, CPA). Enroll in training programs and webinars to stay up-to-date with industry trends. -📌 Embrace Change: Always be willing to adapt to change when needed. Don't sit idle and do nothing because of certain situations (e.g., losing your job). Embrace yourself, update your CV, and start applying for other jobs. You don't have to wallow in self-pity. 📌 Networking: As professionals, it's essential to understand the importance of networking. Build solid relationships within your network - it's a valuable currency. For instance, if you need a job and there's an opening in a company where one of your network contacts works, they can easily inform you of the opportunity. 📌 Overcoming Challenges: Always be willing to overcome any challenge that comes your way in your career journey. You'll face challenges that may make you want to give up, but you must develop the tenacity to overcome. 📌 Seek Feedback: Feedback is necessary, both positive and negative, to have a growth mindset. 📌 Seek Mentorship and Guidance: Look up to people in your career field who can align your mindset and disposition to achieve success. 📌 Take Ownership of Your Life: Remember, if you don't value yourself, no one else will. So, position yourself to be a person of value." #careerroadmap #professionaldevelopment #charteredaccountants #accountants

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MY TOP 3 LESSONS LEARNED AS A PRODUCT MANAGER As I reflect on my journey as a Product Manager thanks to 3MTT Nigeria , three key lessons stand out: Empathy: Understanding customers' needs, pain points, and motivations is crucial. Conducting user research, gathering feedback, and testing assumptions have helped me create products that truly resonate. Prioritization: Focus on the most impactful features and initiatives. Clear goals, data-driven decisions, and stakeholder alignment ensure we're driving real value. Effective Communication: Clear, concise, and transparent communication is vital among teams, stakeholders, and customers. It builds trust, ensures alignment, and drives success. What are your most valuable lessons learned as a Product Manager or professional? Share your thoughts and let's grow together! #ProductManagement #LessonsLearned #Empathy #Prioritization #EffectiveCommunication #Leadership #3mttnigeria #my3mttlearningcommunity #IHSTowers

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From Pharmacy to Digital Marketing Strategy: My Journey of Purpose and Passion. Hello, I’m Martins O. Ozor, a Pharmacist currently in my NYSC year. Beyond my role in healthcare, I discovered a passion for digital marketing. What began as a drive to solve problems and make an impact has evolved into a career where I help businesses enhance their online presence and boost ROI. As a Digital Marketing Strategist, I focus on SEO, PPC, and social media management to implement strategies that deliver real results. My background in healthcare provides a unique perspective, allowing me to understand human behavior and attention to details in a new way. The shift from healthcare to marketing has been a fulfilling journey of continuous learning and growth. For me, LinkedIn is a community where we can share ideas, collaborate, and create something remarkable together. Ready to take your digital presence to the next level? If you’re looking to drive traffic, boost ROI, and see real results from your digital marketing efforts, let’s chat. Send me a message to discuss how we can tailor strategies to meet your unique needs and achieve your goals. It's the second day of thr 21 days challenge with Amaka Ifeduba #elevateyourprofessionalpresencewith_Amaka #linkedinchallenge

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At the Mentorship Corner Book Club 5.0 Richard Okunola, CA gave us a book to read which is The Power of Discipline by Brian Tracy. After two weeks of procastination I finally started the book and I was surprised that the book is interesting, easy to read, and not one of those heavy motivational books. I have already learned a few things, even though I’m only on page 44 (yes, I’m still that lazy!). Tracy talks about why some people are more successful and happier than others. She says most people push their goals off to “Someday Isle” the place where good intentions live but actions never happen. She calls this mindset “excusitis,” and her advice is simple: Vote yourself off the island! Stop making excuses, and start doing something. Tracy’s own story is inspiring. She started with no diploma or special skills, but with self-discipline, he built a successful life. He’s proof that staying focused and determined really pays off. This book is for anyone with big goals. Tracy’s message is clear: discipline is the key to success. It’s all about building good habits and putting in the work, even when it’s tough. I am glad I started reading i as it is educating me about discipline and motivation! #BookClub #BrianTracy #ThePowerOfDiscipline #SelfDiscipline #SuccessHabits #Motivation #PersonalGrowth #GoalSetting #NoExcuses #KeepGoing

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Dear Accountants, one reason your Cash flow Statement might not balance could be due to the WRONG TREATMENT of Asset Disposal. Over the weekend, we had a session with Qudus Adebowale Balogun on IAS 7 and one of the key things that he emphasized during the class was how the wrong treatment of Asset Disposal could disrupt your cashflow statement. So I thought to do a quick explanation for us below, so stay with me. The trick to understanding how to treat any asset disposal, is to realize that all the cost and accumulated depreciation once recognized for that asset needs to be REMOVED from the books of account, so that the asset balances reflects the true reality. To do this: 👉 You derecognize the cost of asset from the asset account by CREDITING the asset account with the cost of the asset disposed. 👉 You derecognize the accumulated depreciation recognized so far by DEBITING the Accumulated Depreciation account with the depreciation calculated so far for that asset. 👉 Recognize the gain or loss on disposal of the asset. This is usually the difference between the Sales proceed and the net book value of the asset. Sounds like a lot? Well, this real life scenario based question would help simplify it: 🔘On 1st Jan 2022, your organization bought a Dell laptop of N1,800,000 for one of its senior staff which is expected to have a useful life of 3years and depreciation is expected to charged on a straight line basis over the life of the asset. 🔘On the 1st of June 2023, the staff using the laptop opted to buy it from the company for a sum of N800,000. 🔘As the Accountant of the company, show the double entry needed to treat the above transactions. 📌Answer: 👉On 1st Jan 2022 when the asset was bought, the double entry would be: Dr: Computer Equipment - N1,800,000 Cr: Bank/cash - N1,800,000. 👉Then we compute the monthly depreciation for the asset. The asset is expected to have a useful life of 3 years which is 36months. The monthly depreciation would then be (1,800,000/36) which is N50,000. 👉On a monthly basis, we would pass the below double entry to recognize the depreciation. Dr: Depreciation (Expenses) - N50,000 Cr: Accumulated Depreciation - N50,000 ***By 1st June 2023, when the Laptop was sold to the staff, accumulated depreciation would have been recognized for 17months (From Jan 2022 - May 2023). To recognize the disposal: 👉First, we derecognize the cost of the asset (N1,800,000) and the accumulated depreciation (50,000 x 17) N850,000 from our books. 👉Then we recognize the sales proceed and gain/loss on disposal with double entry below: Dr: Accumulated Depreciation - N850,000 Dr: Bank - N800,000 (Sales proceed) Dr: Loss on Disposal - N150,000 Cr: Computer equipment - N1,800,000. Continued in Comment section👇 I hope this helps. Found this insightful? Please comment so others can learn.

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Day 2 Lagos Business School, Pan-Atlantic University As I contemplated on what to write, I decided to focus on what stood out to me and how it applies to my area of expertise. Negotiation The essence of negotiation is communication with the purpose in mind. Knowing this, eases the tension. To negotiate effectively, one must 1. Prepare 2. Propose 3. Debate 4. Bargain and 5. Close the deal. Negotiation is relevant in every sphere of life. A salesperson frequently engage negotiation. However, an effective salesperson must begin and complete the selling process before negotiation begins. Key steps in the selling process include: 1. Identify the need of a customer, 2. Offer a solution, 3. Then sell the value of that solution (product/service). Steven Reilly aptly states “Salespeople who heavily discount almost always begin negotiating before the selling process is complete – before a firm foundation of value is built within the customer organization. This puts the salesperson at a clear disadvantage as a negotiator”. Relevance to Marketing Professional. Why is this significant for a marketing professional? The story is always sweeter when successful marketing campaigns translate into strong sales performance. To achieve this synergy, marketers must understand: 1. How the sales team operates, 2. Their pain points and motivators, and 3. Why a well-marketed and good product may still struggle with low sales, leading to discounting as the default sales strategy (Root Cause Analysis). By bridging the gap between marketing and sales, a marketing professional can pinpoint and address these challenges effectively. Day 2: Managerial Leadership in Sales & Marketing. An Executive Programme by Lagos Business School, Pan-Atlantic University

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Good Day and happy new month. 10 Days To Go!!! LAGOS PHYSICAL TRAINING ON SAGE 50 ACCOUNTING SOFTWARE, FORMATTING MICROSOFT EXCEL AS ACCOUNTING SOFTWARE, ADVANCED MICROSOFT EXCEL, CONVERSION OF PDF TO MICROSOFT EXCEL AND CAC PRE & POST REGISTRATION   (Kindly see training detail below) VENUE: CLEMLINE HOUSE, 7 OBASA ROAD, OFF OBA AKRAN AVENUE, BEHIND AP FILLING STATION, IKEJA, LAGOS DATE:  11TH AND 12TH JULY 2024 TIME: 9AM- 4PM FEES: N60,000 Account detail: Account name: Record-Based Business Solutions Bank: First bank Account No: 2034976197  TRAINING DETAILS:   SECTION A: Formatting Microsoft Excel as accounting software to generate the following report automatically. 1.    Income statement 2.    Statement of financial position. 3.    Note to the Accounts. 4.    Trial balance. 5.    The template gives room for bank reconciliation. 6.    Accounts receivable and payable reconciliation SECTION B: Advance Microsoft Excel. 1.    Data validation 2.    Protection of formatted cells 3.    Automatic page numbering 4.    Vlook up 5.    IF formular 6.    Publish Microsoft Excel to PDF 7.    Linking of sheets together SECTION C: Conversion of PDF to Microsoft excel SECTION D: Effective uses of Sage 50 accounting software 1. Installation of Sage 50 Accounting Software 2. Creation of Company 3. Setting up the software (Chart of accounts, Customer & supplier accounts and Inventory Items) 4. Posting of transactions (Invoice, receipt, payment, journal, inventory, bill of material, VAT, sales and purchase return e.t.c) 5. Reporting  (P&L, Trial Balance, Accounts receivables & Payables, Inventory report, e.t.c) SECTION E: CAC pre and post incorporation registration 1. Business name and company registration 2. Determination of applicable fee for registration 3. Annual return filing 4. How to become CAC accredited agent    Other benefits. 1.    Access to recorded training video and material 2.    Presentation of Certificate to participants. 3.    Access to the facilitator after the training on any issue as per the training. 4.    Installation of Sage Accounting Software on Participants laptop for practice *We sell and install the following software* 1. Sage 50 Perpetual license 2. Sage 50 Cloud Accounting 3. Sage 50 Pastel Accounting 4. Sage Business Cloud Accounting (Sage One) 5. QuickBooks Accounting Software 6. Sage 200 (Sage Evolution) and   Sage 300 7. Inventory Management and Point of Sales Software 8. Sales and inventory management software 9. SAP  10. Payroll Software 11. Formatted Microsoft Excel Accounting Software 12. Hotel Management Software  13. School Management Software   Thanks Segun Ayanleke, FCA For Record-Based Business Solution 07030654201, 09073520276 #accountant #accounting #accountofficer #ceo #lagos

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For someone who strive to submit PAYE around the 1st, VAT around the 15th, NSSA soon after Payroll, I should say submitting this assignment 2 hours and some minutes before the deadline was actually a flex! When I completed my registration, saw the notification for a task, I opened one eye and saw a 19page case study! Self reflection is always one of the hardest and not so pleasant experience. In business we do that all the time, and it is never easier nomatter the number of times we do it. Deluxe Ranch was conceived in March 2019 and upto date, I have over 5 years experience of learning curves and areas of success. Reflecting on the team, risks, how I started was both humbling and worth the 19 page case study. What was more important, deciding the business person I desire to be and growth trajectories! Assignment 1 sent✅ It is going to be an exciting 6months with the Sharpe Business School! #personaldevelopment #personalmastery #Entrepreneurship101

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Good Day. 3 Days To Go!!!   *LAGOS PHYSICAL PRACTICAL TRAINING ON SAGE 50 ACCOUNTING SOFTWARE, FORMATTING MICROSOFT EXCEL AS ACCOUNTING SOFTWARE, ADVANCED MICROSOFT EXCEL, CONVERSION OF PDF TO MICROSOFT EXCEL AND CAC PRE & POST REGISTRATION (Kindly see training detail below)* VENUE: CLEMLINE HOUSE, 7 OBASA ROAD, OFF OBA AKRAN AVENUE, BEHIND AP FILLING STATION, IKEJA, LAGOS DATE:  10TH AND 11TH OCTOBER 2024 TIME: 9AM- 4PM FEES: N60,000 Account detail: Account name: Record-Based Business Solutions Bank: First bank Account No: 2034976197  *TRAINING DETAILS:*   SECTION A: Formatting Microsoft Excel as accounting software to generate the following report automatically. 1.    Income statement 2.    Statement of financial position. 3.    Note to the Accounts. 4.    Trial balance. 5.    The template gives room for bank reconciliation. 6.    Accounts receivable and payable reconciliation SECTION B: Advance Microsoft Excel. 1.    Data validation 2.    Protection of formatted cells 3.    Automatic page numbering 4.    Vlook up 5.    IF formular 6.    Publish Microsoft Excel to PDF 7.    Linking of sheets together SECTION C: Conversion of PDF to Microsoft excel SECTION D: Effective uses of Sage 50 accounting software 1. Installation of Sage 50 Accounting Software 2. Creation of Company 3. Setting up the software (Chart of accounts, Customer & supplier accounts and Inventory Items) 4. Posting of transactions (Invoice, receipt, payment, journal, inventory, bill of material, VAT, sales and purchase return e.t.c) 5. Reporting  (P&L, Trial Balance, Accounts receivables & Payables, Inventory report, e.t.c) SECTION E: CAC pre and post incorporation registration 1. Business name and company registration 2. Determination of applicable fee for registration 3. Annual return filing 4. How to become a CAC accredited agent    *Other benefits.* 1.    Access to recorded training video and material 2.    Presentation of Certificate to participants. 3.    Access to the facilitator after the training on any issue as per the training. 4.    Installation of Sage Accounting Software on Participants laptop for practice *We sell and install the following software. 1. Sage 50 Perpetual license 2. Sage 50 Cloud Accounting 3. Sage 50 Pastel Accounting 4. Sage Business Cloud Accounting (Sage One) 5. QuickBooks Accounting Software 6. Sage 200 (Sage Evolution) and   Sage 300 7. Inventory Management and Point of Sales Software 8. Sales and inventory management software 9. SAP  10. Payroll Software 11. Formatted Microsoft Excel Accounting Software 12. Hotel Management Software  13. School Management Software   Thanks Segun Ayanleke, FCA For Record-Based Business Solution 07030654201, 09073520276

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