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Smartfigure's Onboarding Guide

Getting Started - Financial Reporting/Backlog Catchup

Here is how we would collaborate to begin our work

Kindly create a dedicated email account for your finance department and make this available

We would be using Zohobooks for the purpose of computing the financial data unless the customer chooses to activate and subscribe to other tools. Zohobooks cost a minimum yearly subscription of NGN43000 per year (Inclusive of VAT) invoice for this payment will be made available to you after we set upThe customer has the right to information only concerning its business and we would not disclose other company’s data to client neither will we disclose client’s data to other companies

All funds for offsetting tax liabilities will be provided by the client. we would try our best in negotiating on behalf of clients when necessary (for late returns penalties). We will make payment receipts available to client

Client is to provide us with relevant data to aid us in determining the accurate figures in the financial statements. This would include relevant long term liabilities of the company including loans or creditor’s information, debtor’s information and any other special arrangement as at the reporting period of the financial statement that may transform into financial obligations of the company in future

We are working for the interest of the client and hence all information that would aid us may be requested from time to time

Activities

Activities

Steps

Scope

To be provided by client needed

What would be done

Step 1

Updating/ preparing of financial records

All bank statements from inception till date

Payroll schedule

Staff contracts

CAC documents

Receipts for Fixed Assets

Receipts for other tangible expenses

Rent receipt or agreement

Company Logo

TIN Number

Lagos state internal revenue Payer ID

Utility Bill

Editable letterhead

Building of charts of accounts

Reconciliation of banking activities

Statement of financial performance

Statement of financial position

Cashflow Statement

Statement of equities and other reserves

Asserting of PAYE, WHTC, VAT, CIT liabilities

Step 2

Reveiw of management financial report

Client checks the numbers to be sure it reflects the business activities

Clients provide’s director’s report on the general activities of the business

Facilitate the process

Step 3

Auditing of financial records by internal auditor

Any relevant documents required by the audit team

Audited financial statements

CIT/ CGT computation

Step 4

Signing of AFS by company secretaries and shareholders

Their signatures on the Audited documents

Facilitate the process

Step 5

Payment of Tax Liabilities

Provides funds for the following tax liabilities

PAYE

WHT

VAT

CIT

Any late returns penalty fee

Facilitate the payment

Ascertain various tax stations

Ascertain proper documentation with various tax stations

Step 6

Annual filings

Client makes AFS available to company secretary for CAC filing

File with FIRS

File with LIRS (if documents/funds are available to ascertain LIRS liabilities before 14th of February)

Follow up with FIRS for TCC

There are no rows in this table

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Please send relevant date via email to

Smartfigurebiz@mail.com⁠

or fill the form

GET STARTED⁠

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