₦airaland Forum

These days, if you want to be a Head of Finance, you must know how to raise capital.



Companies seem more interested in showing off how much money they have raised, instead of building lasting businesses.

As someone who helps raise capital, I know that sometimes it's just putting lipstick on a pig.

The real problem is not raising capital but knowing how to use it well.

Sadly, companies have raised millions of dollars to waste on unnecessary costs or bad management.

Even though the media may be happy about these funding rounds, thousands of businesses are growing steadily and quietly.

I'm not saying businesses shouldn't try to raise capital. They should, of course.But there's a better way to approach finance than just chasing after funding.

By putting the most effort into making and keeping systems that make the best use of money...

...businesses can avoid the problems that come with not having funds.

As a small business owner, you don't have to be obsessed with raising capital to do well.

Instead, build a strong financial foundation and use good practices for managing money.

This will help you find and use all the resources you need to grow your business in a way that won't hurt it in the long run.

Contact a qualified financial professional if you need help managing your money. These are the skills you should be looking for.

Let's put money management at the top of our list of priorities and set up our small businesses for long-term success.

How do you like your Robot Accountant?.

The world is buzzing with AI breakthroughs like GPT-4 in 2023 🌍🤖.

Yet many of our SMEs still manage their finances with pen and paper.


🚫 𝗧𝗵𝗲 𝗣𝗿𝗼𝗯𝗹𝗲𝗺

Stuck in the past with outdated financial management tools

Despite major tech advancements, many SMEs haven't embraced modern accounting software.

This hinders their growth and puts them at a competitive disadvantage. 📉

✅ 𝗧𝗵𝗲 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻

Upgrade to advanced accounting software.

Accounting software does a lot more than streamline bookkeeping.

Top reasons to make the switch:
1️⃣ Gain valuable insights into your business's health. This enables informed decisions for sustained growth.
2️⃣ Leverage the power of automation to revolutionize financial management in the digital age.
3️⃣ Easily track company data to ensure nothing slips through the cracks.

❗ 𝗧𝗵𝗲 𝗥𝗶𝘀𝗸𝘀 𝗼𝗳 𝗦𝘁𝗮𝘆𝗶𝗻𝗴 𝗕𝗲𝗵𝗶𝗻𝗱
Inaccurate financial records 📚
Missed growth opportunities 📊
Difficulty finding inefficiencies 🔍

Don't let competitors leave you behind!

Invest in innovative accounting software to unlock your business potential.

📣 Act Today!

Choose from many free options or premium solutions costing less than N20k per month per user.

It's a small investment for significant growth! 🌱

Remember, there's always room for improvement, no matter your business size.

Embrace the future of financial management and watch your business soar! 🚀

Ready to transform your business? 🌟

Job Title: Accountant

Duties and Responsibilities:
 Creation and Implementation of financial policies and procedures.
 Management of liquidity ratio and cash flow
 Ensures compliance and processing of the remittance of all statutory deductions.
 Preparation of budget.
 Prepare accounts and reconcile bank statements.
 Preparation of management reports.
 Maintaining the fixed assets register and generating monthly depreciation.
 Cost optimization

Requirement:
 Minimum of 5 years’ active hands on experience in accounting role
 HND/B.SC in Finance/Accounting/Economics
 Possession of ATS/at least PE 1 in ICAN/Applied Skill level in ACCA is an added advantage.
 Experience in Health sector is an added advantage.
 Should reside around VI, AJAH,AWOYAYA axis

Salary:
N180, 000 - N220, 000 gross

If you qualify please send CV

clearviewhospitalhr@gmail.com

The best decision I made so far was to leave my comfort zone.

What's that your comfort zone?

I left civil service when I almost reached the peak of my career at my youthful age. Proudly today, I enjoy what I do.

Comfort zone might be your job, your place of residence, your family and your many more.

I am less concerned about any other thing but my success, my family and my career.

Too serious with work these days.

Many reports to submit, many presentations to make, many posts to write on and the engagements are too many. It's not easy to be an Accountant and the same time a consultant.

I am so sorry. I have an ongoing work on Departmental Vote Expenditures Accounts (DVEA) and the SAF framework, contributions are welcomed. We grow together.

Let me just update you on DVEA a bit.

DVEA is a government book of account equal to that your general ledger account in the private sector. But more powerful than your GL because it serves many purposes, among which are:

1. It reports performance against budget at a glance.

2. It shows the available balance per head and sub-head at a glance i.e it shows what's still available for spending during a financial year.

3. If probably maintains, it helps in preventing spending above your budget.

To me, DVEA is a control account in pulic sector finance.

With introduction of IPSAS, brilliant public sector Accountant can also deliver in private sector, if really wants to grow.

The document use in posting to DVEA include Journal Vouchers (JV), adjustment vouchers (AV), and payment vouchers (PV).

Never forget that your opening balances are from the estimate prepared departmentally, and approved by the legislative arm and implemented by the executive.

DVEA got complicated when there is adjustment to estimates in the approved budget, when there is virement or reallocation.

Your contributions are welcomed.

Among my achievements while in the public sector include development of excel template for preparation of final account from DVEA (GL) to SOFP. Implementation of IPSASs cash and accruals.

I started in the Local Govt as a messenger at my youthful age....
never call it a child abuse.

As ACCA would always says "Think ahead". I always think ahead.

"Oshé Olóòrun, o bo' jú mi je."

Keep on moving. Don't limit yourself, leave your comfort zone and be hopeful.

If I can, you too can.

Employers’ Expecations Vs Employees’ Expectations

Employers and employees have different expectations in the workplace. And when these expectations are not communicated, the parties involved would always end up disappointed.

Employers expect their employees to be punctual, productive, and efficient.

On the other hand, employees expect, a good leadership, fair compensation, job security, and a good work-life balance.

It is always easier for employers to communicate their expectation. However, most employees find it difficult to communicate theirs which might be due to the culture of the organisation they find themselves in.

The gap between these expectations can lead to dissatisfaction and conflict in the workplace.

To close this gap, employers need to communicate their expectations clearly to their employees. How?

■ Setting clear goals and expectations for performance.
■ Providing regular feedback and recognition,
■ Offering opportunities for professional development.

In return, employees need to be proactive in communicating their own expectations and needs to their employers too. This can be done by

■ Enquiring from the line manager/HOD/HR/MD/CEO what they expect from you.
■ Sharing your aspirations and request how they can help you achieve it
■ Demanding a work model and tools that would enhance your effectiveness.

Employers and employees need to work together to establish clear expectations and find solutions that benefit both parties.

By doing so, they can create a more productive and harmonious work environment

Good Culture Integration is an Important Factor in Organizational Development.

One of the most obvious benefits of cultural integration is diversity. It helps individuals learn about, experience, and respect other cultures. This reduces fear of the unknown. It also creates an environment more open to constructive dialog and mutual respect.

One of the biggest challenges organizations face when it comes to culture integration is finding ways to bridge the gap between different cultures and backgrounds. To build a more inclusive workplace, start by promoting diversity and respect for individual differences. Encourage open communication and collaboration, and provide training and support to help employees understand and appreciate different perspectives. By creating a culture of inclusion, you'll not only improve employee engagement and retention but also enhance your organization's reputation and performance.

Benefits of Good Cultural Integration

👉Increased diversity.
👉Increases cultural awareness and promotes respect for employee diversity.
👉Enhances a person's life by enriching it with other cultures.
👉Enhances the workplace environment and increases productivity, creativity, and knowledge.
👉Increases multi-cultural competency.

Cultural integration creates a workplace environment where people can work and create with unity, but not necessarily in unison. Each person can bring their unique perspectives, experiences, insight, and knowledge, resulting in better products and a more efficient work Process.

No one has the Monopoly on Knowledge! Where there is a great culture, people thrive in their spaces.

Have a Productive Week.

Reliable Steel and Plastic Industries Limited, a leading production company located in Anambra State, Nigeria, is currently seeking a highly motivated and results-driven individual to join as our EXECUTIVE ASSISTANT.

Job Summary

This role is responsible for supporting all aspects of the Managing Director’s & Executive Director’s work including appointments and diary, make travel arrangements and book accommodation, manage programme and events, producing agendas, minutes and all key paperwork for meetings as well as support for MD’s & ED’s effectiveness. The Executive Assistant will also overseeing staffing requirements, providing supervision and direction to front office employees as well as streamline processes for operational effectiveness.

Key Result Areas (KRA)

The key result areas of this role are:

Information Management Support
Administrative and Communication Support
Executive Time Management Support
Public Relations –Director of First Impressions
Responsibilities

Administrative:

Acts as the point of contact and liaising with internal or external stakeholders at a high-level on behalf of the Managing Director
Provide a bridge for smooth communication between the Managing Director and internal departments
Provide support in preparing and managing client contracts/agreements
Draft reports, prepare presentations, letters and personal correspondence, and perform other tasks that facilitate the Managing Director's & Executive Director’s effectiveness.
Day-to-day management of the Managing Director's itinerary & calendar; scheduling, organizing, setting up and managing meetings as well as other protocols.
Update the Managing Director & Executive Director’s on key organizational issues.
Prioritize conflicting needs; handle matters expeditiously, proactively, and following through on all the company's projects to ensure successful completion with deadline.
Managing Information flow to the Managing Director in a timely and accurate manner
Make travel and accommodation arrangements
Providing administrative assistance, such as writing, editing and reviewing emails, drafting memos and preparing communications on the Managing Director and Executive Director’s behalf.
Take minutes during meetings
Screen and direct phone calls and distribute correspondence
Organize and maintain the MD’s Office filling system
Using various software, including word processing, spreadsheets and presentation software to prepare reports and special projects.
Review goals of team daily and identify root cause if goal was not obtained
Management and Supervisory:

Checks on team throughout the day to be sure that any issues with equipment, personnel, work tools, safety, etc. are addressed promptly.
Coaches and develops staff, while fostering a team atmosphere. Provides pep talks as needed and coaching for any performance issues.
Assists employees with questions or problems they have regarding work assignments, priorities, safety, personnel issues, etc.
Counsels employees when necessary and recommends to HR such personnel actions as disciplinary action, transfer, promotion, termination of employment, etc. Documents any issues, counseling efforts, etc.
Oversees training and orientation of new employees and offers additional training as needed. Offers re-training when necessary. Sets up and maintains cross training, as applicable.
Serves as a role model to all employees. Conducts oneself professionally and abides by Company safety & personnel policies, SOPs, etc.
Analyze budgets and continuously control front office cost and identify/rectify waste measures.
Check front office output according to expectation and submit report on performance and progress
Conduct safety and orientation training with new employees
Control and organize timesheets for front office personnel
Identify issues of inefficiency, suggest and take action on improvement
Review goals of front office team daily and identify root cause if goal was not obtained
Set Performance expectation and target as well as review all front office employees’ performance
Conduct monthly performance appraisals for all front office employees and communicate information to HR and Executive Management
The Person

A Bachelor's degree in Public Administration, or related field.
5-10 years' experience in administration and Executive Assistance.
Experience in management and administration.
Strong analytical, organizational, and creative thinking skills.
Excellent communication (oral and written), interpersonal, and customer service skills.
Knowledge of data analysis and report writing.
The ability to understand and follow company policies and procedures.
The ability to work under pressure.
Excellent supervision, business presentation, skills, Organization and leadership abilities, Self-motivated with a result driven approach, Problem- solving skill

Working Conditions - The Executive Assistant to Managing Director is required to sit for extended periods of time and operate a computer which requires dexterity of hands and fingers to operate a computer keyboard, mouse, and other devices and objects. The person must also be physically able to participate in factory rounds, travel long trips by road or air, meetings, presentations and training sessions that require constant talking and listening.

Method of Application
Interested and qualified candidates should forward their CV to: recruitment@reliable.com.ng using the position as subject of email.

Internal Auditor


Description

Assessing Financial risk
Safeguarding Assets
Gathering & analyzing data
Checking the accuracy of financial report.
Auditing the efficiency of the business process.
Ensuring the business adheres to policies, procedures, legislation & regulations.
Requirements

Interested candidates should possess an HND or BSc in relevant fields with 5 - 12 years work experience.
Method of Application
Interested and qualified candidates should send their CV to: hr@greatvillehotels.com using "Internal Auditor" as the subject of the mail.

NaijaRoyalty:
Seems Sanwo Olu is on Nairaland

Dis news of Sanwo Olu refusal to pay the taxi driver victim and I was among the people that castigated Sanwo Olu for his refusal to compensate the taxi driver the 5million naira awarded him by the court and this evening , Sanwo Eko has decided to pay the taxi driver.

Sanwo Olu is a Nairalander I swear by Allah

ALL state government have their proxy here

iyke2frankeze:
I don't need chemistry, I need lasting products? From experience, dry cell is more stress-free and trustworthy. Na who chemistry help?

lithium is the BEST.

It's always end in tears

obailala:
Everyone on this thread seems to agree that Lithium batteries are more expensive and more reliable but no one seems to have mentioned the actual cost of these lithium batteries.

What are the lithium batteries like and how much do they really cost?

1.5m they are the best

Irises:
Hi guys. I need an explanation for this. We have solar panels of 300watts (two of it) and batteries of 1000 ah. About 3 of them.

Is this too much to put in a small one bedroom

No

I need a Solar deep freezer 160ltrs

Quote me with your best prices.

Thank you

bioemmy:
Where's the location of the office?

No make them use you for blood money or kidnap you.

pqute:
are they hiring and which of them

Sweetie, google is your friend. Happy Weekend!

descarado:
Even the govt budget for unforseen circumstances. That happens. But the ones we can control, let's control and minimise the spending as much as we can. There are alternatives too. What I'm saying is that we naturally love living above our means and this is what we grew up with.

Nigerian government? NIMET has given a warning that fthe flood this year would be child's play, laaast year over 1trillion Naira was spent as a result of flooding

descarado:
Even the govt budget for unforseen circumstances. That happens. But the ones we can control, let's control and minimise the spending as much as we can. There are alternatives too. What I'm saying is that we naturally love living above our means and this is what we grew up with.

Nigerian government? NIMET has given a warning that fthe flood this year would be child's play, last year over 1trillion Naira was spent as a result of flooding

We are recruiting to fill the position below:

Job Title: Accountant Intern

Location: Lekki Phase 1, Lagos
Employment Type: Nysc

Roles and Responsibilities

Responsible for the accurate processing of financial data and records
Maintaining company files and backups as required
Providing relief for Payroll; including processing, set up and maintenance of personnel files and salary packaging records.
Provide relief for preparing monthly Staff Leave Entitlement Reports
Accounts Payable – Processing tax invoices and payments including preparing spreadsheets for monthly posting
Accounts Receivable - Issue invoices, payment receipts and banking for all procured items
Weekly cash receipts.
Data entry - record keeping of payments & receipts adjustment and sending reports forward as required.
Reconciliation of bank accounts and general ledger accounts.
Journal Entries.
Review processes and procedures for efficiency and effectiveness and keep up to date.
Key Performance Indicator

Financial data and reconciliations are processed accurately and in a timely manner.
Update of financial records is done in a timely manner.
High quality support is promptly provided to the Senior Management.
Monitor and control level of outstanding Accounts Receivables and provide follow up reports to management.
Accounts payable controls maintained and payments paid within the approved timeframes.
Monthly bank reconciliations prepared in a timely manner.
Assist Senior Management with accurate control of project accounts and providing analysis.
Effective and efficient procedures maintained.
Compliance with all company policies and procedures.
Salary
NGN40,000 - NGN50,000 / Month.

Application Closing Date
21st April, 2023.

How to Apply
Interested and qualified candidate should forward their CV to: humancapitalmgt@cheferos.co using the Job Title as the subject of the email.
OR
Walk-in to Chef Eros & Co to submit you CV at:
14B, Abdulrazaq Kafayat Street,
Off Fola Oshinbo Road,
Lekki Phase 1 - Lagos State.

Note: NYSC is adviceable to apply.

We are recruiting to fill the position below:

Job Title: Account Officer

Location: Victoria Island, Lagos
Employment Type: Full-time

Job Description

Document financial transactions by entering account information
Reconcile financial discrepancies by collecting and analyzing account information
Maintains financial security by following internal controls
Prepare payments by verifying documentation and requesting disbursements
Maintains customers’ confidence and protect operations by keeping financial and other information confidential
Relate with bank and ensure regular supervision of the revenue collections
Handle float for operations
Other duties that may be assigned.
Job Requirement / Qualification

B.Sc / HND in Accounting
2 - 3 years of work experience
Must be competent in the use of Microsoft Office Suite.
Application Closing Date
7th April, 2023.

Method of Application
Interested and qualified candidates should send their Resume / CV to: careers@ppcng.com using the Job Title as the subject of the mail.

A reputable Hospitality industry is recruiting qualified candidates to fill the position below:

Job Title: Account Officer

Location: Kano, Abuja, PH, Uyo, Anambra & Lagos

Requirements

The candidates must possess a B.Sc or HND in accounting from a reputable university or polytechnic.
Must have at least Two (2) years experience of working as an Account officer of a reputable organisation.
Remuneration

Very attractive salary with end of the year bonus, two weeks annual leave and so many other incentives.
Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should send their CV to: goodjob0323@yahoo.com using the Job Title as the subject of the email.

A Textile Sales company based in Oshodi, Lagos state, is recruiting to fill the position below:

Job Title: Accountant

Location: Oshodi, Lagos

Requirements

Relevant qualifications, knowledge, and proficiency in Accounting software packages.
Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV (Ms Word format) to: pillarconsultservice@gmail.com using the job title as the subject of the mail.

A Textile Sales company based in Oshodi, Lagos state, is recruiting to fill the position below:

Job Title: Accountant

Location: Oshodi, Lagos

Requirements

Relevant qualifications, knowledge, and proficiency in Accounting software packages.
Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV (Ms Word format) to: pillarconsultservice@gmail.com using the job title as the subject of the mail.

pqute:
please I need a job in Benin city...Edo state ,I'm a graduate ,done with youth service and I'm ready to work

Google plastic industry in Benin

Job Title: Administrative Officer / Accounting Officer

Location: Abuja (FCT)
Employment Type: Full-time

Description

The Administrative Officer / Accounting Officer will be responsible for performing a variety of administrative, financial, and clerical duties to support the efficient operation of the organization.
Responsibilities
Some of the key responsibilities include:

Managing Accounts Receivable and Accounts Payable: The staff will be responsible for managing accounts receivable and accounts payable, including invoicing, processing payments, and reconciling accounts.
Budgeting and Financial Analysis: The staff will be responsible for preparing and analyzing financial reports, assisting with budget preparation, and monitoring financial performance.
Office Administration: The staff will be responsible for managing the day-to-day operations of the office, including organizing and maintaining files and records, scheduling appointments, and arranging travel and accommodations.
Communication and Coordination: The staff will be responsible for communicating and coordinating with internal and external stakeholders, including vendors, customers, and other departments.
Compliance: The staff will be responsible for ensuring compliance with accounting principles and regulations, such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Other Duties: The Administrative Officer/Accounting Officer will be responsible for other duties as assigned by the management team, such as data entry, document preparation, and general office support.
Requirements

A Degree in Accounting, Finance, or a related field is preferred.
The ideal candidate should have a strong background in finance and accounting, as well as excellent organizational, communication, and analytical skills.
The candidate should be proficient in using accounting software, such as QuickBooks or SAP, and have experience with Microsoft Office Suite.
Application Closing Date
31st March, 2023.

Method of Application
Interested and qualified candidates should send their CV to: recruitabuja@gmail.com using the Job Title as the subject of the mail.

We are recruiting to fill the position below:

Job Title: Accountant Intern

Location: Lekki Phase 1, Lagos
Employment Type: Nysc

Roles and Responsibilities

Responsible for the accurate processing of financial data and records
Maintaining company files and backups as required
Providing relief for Payroll; including processing, set up and maintenance of personnel files and salary packaging records.
Provide relief for preparing monthly Staff Leave Entitlement Reports
Accounts Payable – Processing tax invoices and payments including preparing spreadsheets for monthly posting
Accounts Receivable - Issue invoices, payment receipts and banking for all procured items
Weekly cash receipts.
Data entry - record keeping of payments & receipts adjustment and sending reports forward as required.
Reconciliation of bank accounts and general ledger accounts.
Journal Entries.
Review processes and procedures for efficiency and effectiveness and keep up to date.
Key Performance Indicator

Financial data and reconciliations are processed accurately and in a timely manner.
Update of financial records is done in a timely manner.
High quality support is promptly provided to the Senior Management.
Monitor and control level of outstanding Accounts Receivables and provide follow up reports to management.
Accounts payable controls maintained and payments paid within the approved timeframes.
Monthly bank reconciliations prepared in a timely manner.
Assist Senior Management with accurate control of project accounts and providing analysis.
Effective and efficient procedures maintained.
Compliance with all company policies and procedures.
Salary
NGN40,000 - NGN50,000 / Month.

Application Closing Date
21st April, 2023.

How to Apply
Interested and qualified candidate should forward their CV to: humancapitalmgt@cheferos.co using the Job Title as the subject of the email.
OR
Walk-in to Chef Eros & Co to submit you CV at:
14B, Abdulrazaq Kafayat Street,
Off Fola Oshinbo Road,
Lekki Phase 1 - Lagos State.

Note: NYSC is adviceable to apply.

emmaodet:
Believe me, even if you give your in-laws what you can, I still stand on my point, there are many bills hidden that you don't expect that will regularly be coming your way and if you are not prepared, e go fall press you.
My wife told me thunder struck 3 days ago and destroyed my solar inverter with solar comptroller charger. Did I see this coming? NO
Now I have to cough out 190k unprepared for to buy new inverter, solar comptroller and Thunder arrestor.
Last week, I never planned I will encounter such expenses today and this is just one out of many out there.
Is it your car giving you strange sounds and your heart start doing Kim Kim Kim that what is the problem again, is not last week Kabiru collected money from me to fix the alternator etc

Make them no run you street, is the solar inverter outside the house, why? Let supply you the bolded