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.
Double-Entry Reports
Generate comparative Balance Sheets, Profit & Loss Statements, 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.
Bank Reconciliation
Match bank statement transactions against ledger logs. Reconcile GTBank, Easily Wallet clearing accounts, and cash balances cleanly.
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.