Nigeria · VAT & books
Running a small shop in Nigeria means recording every sale and expense accurately, then pulling it together for your monthly VAT return without losing a weekend to spreadsheets. Tallium keeps your books NRS-ready as you trade, so your 7.5% VAT is calculated on the invoices and receipts you already enter. When it's time to file, your return figures are sitting there waiting — not scattered across notebooks and phone photos.
From $79/month per shop · billed monthly · no free trial
Key takeaways
You spend the first days of every month digging through receipts and sales notes to work out how much VAT you charged and how much you paid on stock. It's slow, easy to get wrong, and stressful when the filing date is close.
Nigeria exempts small businesses with turnover below NGN 100,000,000, so you need a running view of your annual sales to know where you stand. Without live totals it's guesswork whether you must register and charge VAT at all.
Supplier invoices pile up in bags, drawers and WhatsApp, and by return time half the input VAT you could claim is missing. Lost paperwork means you either overpay or can't back up your figures.
Cash sales, transfers and POS card payments all land in different places, and your ledger never quite agrees with what's actually in the account. Reconciling by hand eats time you should spend serving customers.
Every invoice and expense carries its VAT, so your output and input VAT totals update in real time. When the monthly VAT return is due, your net figure is ready to copy across — no last-minute reconstruction.
Tallium shows your rolling sales against the NGN 100,000,000 small-business threshold, so you can see clearly whether you're exempt or approaching registration. Confirm current rules with NRS or a local tax professional before you register or change how you charge.
Photograph a supplier receipt with the mobile app and Tallium reads the amount, date and VAT, then files it against the right expense. Nothing gets lost, and your claimable input VAT is captured the moment money leaves your hands.
POS sales, bank transfers and cash all flow into a single ledger, and bank reconciliation matches them against your account. Your books stay accurate and NRS-ready without manual re-keying.
Double-entry books that stay clean automatically — every sale, expense and payment recorded in one place, ready for your accountant or the NRS.
Applies Nigeria's 7.5% VAT to the right lines and totals your output and input VAT so your monthly VAT return figures are always ready.
Send clear, VAT-showing invoices with your TIN, and prepare for Nigeria's National E-Invoicing Solution as it rolls out.
See turnover against the exemption threshold, profit, and a VAT summary at a glance, whenever you need it.
Match transfers and POS settlements to your books so cash, bank and ledger always agree.
Build your plan in a minute — pay only for the parts of your business you run. From $79/month per shop.
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