ENTERPRISE FINANCIAL ENGINE

Nigeria's Smartest Accounting & Bank Reconciliation Software

Say goodbye to manual spreadsheet bookkeeping. Tracepos delivers automated bank statement auto-matching, daily cashbook till closures, 7.5% Nigerian VAT compliance, and real-time audited financial statements.

Bank Auto-Match
Import CSV & auto-reconcile
Daily Cashbook
Shift register snapshots
VAT & WHT Ready
FIRS statutory compliance
CORE ACCOUNTING ENGINES

Grounded in Double-Entry Integrity and Nigerian Compliance

Built for accountants, business owners, and auditors who require clean, tamper-proof ledgers.

Automated Bank Reconciliation

Upload standard CSV or Excel bank statements from GTBank, Access, Zenith, or First Bank. Tracepos uses fuzzy matching (`autoMatch`) to pair bank credits and debits against POS sales and payment vouchers.

  • Single-click auto-match of matching amounts & dates
  • 1-click expense creation for bank charges & stamp duties
  • Full unreconcile audit rollback capability

Daily Cashbook & Register Snapshots

Track every physical cash movement in your business. Record morning till floats, petty cash disbursements, and perform official shift close-outs (`cashbook/close-register`) with discrepancy reports.

  • Daily cashbook ledger balance snapshots
  • Cashier blind count variance (Over / Short flags)
  • Inter-bank and cash-to-bank transfer vouchers

Real-Time Financial Statements

Generate IFRS SME compliant reports on demand: Profit & Loss, Balance Sheet, Trial Balance, Accounts Receivable (Account 1150), Accounts Payable (Account 2100), Bank Book, and Cash Flow Statements.

  • Date-range comparison (Month-on-Month, YoY)
  • Drill-down to individual journal entries and invoices
  • Export clean Excel and auditor-ready PDFs

7.5% VAT & WHT Accounting

Built for Nigerian tax compliance. Tracepos automatically computes 7.5% Value Added Tax on eligible sales, tracks input vs output VAT, and supports Withholding Tax (WHT) deductions on vendor bills.

  • FIRS-ready monthly VAT summary schedules
  • Tax-exempt item flags for basic foods & medicines
  • Withholding Tax credit tracking per supplier

Customizable Chart of Accounts

Organize your financial structure with multi-tier parent and child accounts across Assets, Liabilities, Equity, Revenue, and Expenses. Create custom ledger accounts tailored to your exact industry.

  • Multi-currency ledger support
  • Manual journal entry postings with attachments
  • Strict debit/credit balance validation rules

Fiscal Year-End Closing Routine

Close your fiscal year with confidence (`accounts/year-end-process`). Tracepos automatically transfers net profit or loss into Retained Earnings, resets income/expense ledgers, and rolls forward clean opening balances.

  • Automated retained earnings equity rollover
  • Historical fiscal period locking to prevent back-dated edits
  • Auditor review access with immutable logs
CASE STUDY: MULTI-BRANCH PHARMACY CHAIN

"How We Reconcile 1,400+ Monthly Bank Transactions in Under 20 Minutes"

"Running 7 pharmacy branches across Abuja meant our accounting team spent the first 10 days of every month manually matching bank statements against cashier deposit slips and POS settlement reports. Tracepos's automated bank reconciliation engine changed our world. We drop our GTBank and Zenith CSV statements into Tracepos, and it automatically pairs 94% of transactions instantly. Our monthly management accounts are ready on the 2nd day of the month instead of the 15th."

AB
Pharm. Amina Bello
Chief Financial Officer, MedPlus Care Pharmacies • Wuse II & Garki, Abuja
20 Mins
Monthly Bank Reconciliation Time
7 Branches
Consolidated into Single General Ledger
100%
FIRS 7.5% VAT Audit Compliance

Upgrade to Clean, Audited Accounting Today

Join thousands of Nigerian retailers, distributors, and pharmacy chains who trust Tracepos for effortless financial clarity.