Accounting Software for African Retailers & SMEs | RetailWings Africa
💼 Accounting Module

Books that close
on time. Every time.

Full-cycle accounting for African retailers — from journal entries to financial statements, all in one intelligent workspace.

retailwings.africa / app / accounting
Accounting
Dashboard
Chart of Accounts
Journal Entry
Transactions
Reconciliation
Reports
Profit & Loss
Balance Sheet
Cash Flows
📖 General Ledger
🧾 Sales Tax

Accounting Overview

Total Revenue₦4.82M↑ 12.4%
Total Expenses₦2.19M↑ 4.1%
Net Profit₦2.63M↑ 18.7%
AR Outstanding₦810K3 overdue
Income vs Expenses — 6 Months
Recent Transactions
Shoprite Lagos InvoiceJun 14, 2025
+₦340K
Vendor Payment — STELJun 13, 2025
−₦125K
POS Sales — LekkiJun 12, 2025
+₦218K
Office Rent — Q2Jun 10, 2025
−₦80K
Wholesale Order #2041Jun 9, 2025
+₦560K
P&L Summary — June 2025
Gross Sales₦4,820,000
Cost of Goods(₦1,450,000)
Gross Profit₦3,370,000
Operating Exp.(₦740,000)
Tax Provision(₦96,000)
Net Profit₦2,534,000
What's Included

Every tool your
accountant needs

17+ accounting features covering the full financial lifecycle of your retail or wholesale business — from bookkeeping to board-ready reports.

📊

Chart of Accounts

Organize assets, liabilities, income and expenses in a structured, auditor-friendly hierarchy.

📝

Journal Entry

Post manual debit/credit entries with narrations, references and built-in audit trails.

💳

Transactions

Record, categorize and search all financial transactions across every branch and sales channel.

Account Reconciliation

Match ledger entries against bank statements and eliminate discrepancies in minutes.

🔄

Transfer Accounts

Move funds between internal accounts with full traceability and approval workflows.

🏦

Banking Reconciliation

Sync and reconcile bank feeds with your books — spot gaps before they become problems.

📅

Budget Management

Set monthly or annual budgets per department and track actual vs planned spending live.

📒

Register

A running account register with all entries and opening/closing balances for any account.

📈

Profit & Loss

Instant P&L by period — revenue, COGS, gross profit, and net income at a glance.

⚖️

Balance Sheet

Auto-generated balance sheet showing assets, liabilities, and equity in auditor-ready format.

📖

General Ledger

Full transactional history across all accounts, filterable by date, account type or reference.

🔢

Trial Balance

Confirm debits equal credits across all accounts before closing any reporting period.

💵

Statement of Cash Flows

Track how cash moves across operating, investing, and financing activities in one clean report.

🖊️

Cheque Details

Issue, track and reconcile cheques with payee details, dates and clearance status logged.

📤

AR Aging

Customer invoices grouped by 30/60/90 days — know exactly who owes what and when.

📥

AP Aging

Track vendor obligations by due date — never miss a payment or incur a late penalty.

🧾

Sales Tax Reports

Auto-compute VAT and generate tax summaries ready for FIRS or LIRS submission.

Financial Reports

Audit-ready reports,
always on demand

Generate any financial statement in seconds. Export to PDF, share with your accountant, or present to investors — without a spreadsheet in sight.

📈 Profit & Loss Statement
⚖️ Balance Sheet
💵 Statement of Cash Flows
📖 General Ledger
🔢 Trial Balance
🧾 VAT / Sales Tax Report
Profit & Loss Statement
January – June 2025
PDF Ready
Revenue
Product Sales₦18,420,000
Service Income₦2,150,000
Total Revenue₦20,570,000
Cost of Goods Sold
Inventory Purchased(₦8,200,000)
Freight & Logistics(₦620,000)
Gross Profit₦11,750,000
Operating Expenses
Salaries(₦3,200,000)
Rent & Utilities(₦960,000)
Marketing(₦480,000)
Miscellaneous(₦310,000)
Net Profit — H1 2025
₦6,800,000
FAQ

Questions about
our accounting software

Everything you need to know before getting started.

What accounting software is best for small businesses in Nigeria?
RetailWings Africa is built specifically for Nigerian retailers and SMEs. It covers the full accounting cycle — chart of accounts, journal entries, bank reconciliation, P&L, balance sheet, VAT reports and more — starting at ₦144,000 per year.
Does RetailWings support VAT reporting for FIRS?
Yes. RetailWings automatically computes VAT at 7.5% per transaction and generates Sales Tax Reports ready for FIRS or LIRS submission — keeping your business fully compliant and audit-ready.
Can I generate a Profit & Loss statement and Balance Sheet automatically?
Yes. RetailWings generates P&L statements, Balance Sheets, Trial Balance, General Ledger and Cash Flow Statements automatically from your transaction data — exportable as PDF at any time.
Does RetailWings support bank reconciliation?
Yes. RetailWings includes both Account Reconciliation and Banking Reconciliation. Sync bank feeds, match transactions against your ledger, and identify discrepancies before they become problems.
Is RetailWings available in Ghana, Kenya and South Africa?
Yes. RetailWings Africa supports businesses across Nigeria, Ghana, Kenya and South Africa with multi-currency support — NGN, GHS, KES and ZAR — and local tax compliance for each country.
Can RetailWings track AR and AP aging reports?
Yes. RetailWings includes both Accounts Receivable and Accounts Payable Aging reports — showing outstanding balances grouped by 30, 60 and 90 days so you always know who owes you and what you owe.
How much does RetailWings accounting software cost?
RetailWings Africa starts at ₦144,000/year (Starter), ₦500,000/year (Professional) and ₦750,000/year (Enterprise). All plans include a 7-day free trial — no credit card required.
Does RetailWings replace my accountant?
RetailWings automates the bookkeeping and reporting so your accountant can focus on strategy rather than data entry. You can grant your accountant access to view reports and make journal entries directly in the platform.
Get Started Today

Your finances,
finally under control

Join hundreds of African retailers using RetailWings to manage their books, close their months, and grow with confidence.

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