Double-Entry Accounting
Compliant & Automated
Maintain an immutable chart of accounts, track multi-branch balances, and instantly compile automated tax returns aligned with local compliance standards.
| Account Name | Debit (DR) | Credit (CR) |
|---|---|---|
| Easily Wallet Clearing Account | ₦2,450,000.00 | - |
| Accounts Receivable | ₦500,000.00 | - |
| VAT Suspense (7.5%) | - | ₦120,400.00 |
| Retained Earnings (Pavel Seeds) | - | ₦2,829,600.00 |
| Total Balances | ₦2,950,000.00 | ₦2,950,000.00 |
Double-Entry Posting Pipeline Map
Paid Invoice Trigger
Pavel Enterprises pays ₦42,750 bill.
Auto-Journal Entry
System records transaction tags.
Debit / Credit Posting
DR Wallet, CR Revenue splits mapped.
Trial Balance Update
General Ledger accounts updated live.
FIRS Compliance
VAT/WHT CSV generated for direct uploads.
Live VAT & WHT Splits Calculator
Select your contract volume and WHT bracket to see how Easily Business computes FIRS-compliant tax withholdings.
Compliant General Ledger
Maintains a strict, immutable ledger conforming to double-entry standards. Automated posting from invoices and expenses ensures ledger accuracy.
IFRS Financial Statements
Generate comparative Statements of Financial Position, Statements of Profit or Loss, and Trial Balances. Filter by branches or periods to get granular oversight.
Budget Planner & Variance
Configure budget periods, set corporate spending ceilings, allocate funds to departments, and track performance variances live.
VAT & WHT Tax Exports
Automatically withhold taxes on purchases. Generate FIRS-compliant VAT and WHT CSV payloads for direct upload to tax portals.
Zero-Touch Reconciliation
Auto-provisions Dedicated Virtual Accounts (DVAs) per customer. Connect rules engines for zero-touch auto-posts and audit-safe reversing entries.
Maker-Checker Approvals
Secure funds from internal fraud with double-entry Maker-Checker gates on payroll and outbound transfers before executing routing.
Ready to take control of your corporate finances?
Get up and running in less than 5 minutes. Select your accounting templates and connect secure bank reconciliation workflows immediately.