Firm begins virtual accounting services for SMEs in Nigeria

A new accounting firm- Pundit Bookkeeping Services, has said it is in business to offer a specilaised services for Small and Medium Enetrprises (SMEs) in the country, as part of efforts to help them overcome challenges related to poor bookkeeping.

Noting that improper recordings are part of the sector’s survival threat, the company said its specialised services are geared towards ensuring unfettered access to necessary equity and debt financing, as well as ensure growth.

The Managing Director, Pundit Bookkeeping Service, Ms. Jovita Madojemu, said that the company understands that many SMEs in dire need of clear co-ordination in their business finances often think that such professional service comes highly-priced, but assured that their services are affordable.

“We are well positioned to provide such businesses with professionally-prepared books of accounts and services at a very friendly price. This way, SMEs will not only save funds spent on extra office space for the recruitment of a full-time accountant, but will also have access to a pool of professionals and chartered accountants.

“The professionals will be made available to them, providing expert advice where necessary, as well as detailed information and reports.

“At half the cost on a monthly retainer, our clients will have access to key services, which include free consultation, open and friendly interactions, clear and jargon-free business analysis, transparent and flexible pricing.

“There is also pay-as-you-go or monthly structure, professionally-prepared books of accounts, timely, monthly management reports, including but not limited to income statement, balance sheet, annual budget and forecasts, debtors and creditors schedule, bank reconciliations, among others.”

She noted that by rendering these services, SMEs can focus on other important aspects of their businesses without thinking of the high cost of maintaining full-time accountants.

But a Director of the company, Layi Adetona, pointed out that as bookkeeping is a universal concern for entrepreneurs, it is absolutely necessary to keep track of those debits and credits alerts appropriately.

“Many have found that to succeed in an ever changing business environment, one needs reliable bookkeeping and the use of information provided to chart the course towards success.

“What makes a profitable business go bankrupt can also make a business with good cash flows grind to a halt. The antidote to this lies in business decision tools that reliable bookkeeping provides,” Adetona added.