Accounting
Cloud accounting for growing businesses: invoices with approval, payments in your books, P&L and balance sheet, budgets, assets and multi-branch books.
Books you can trust, reports you can read
Invoices, payments, reports, budgets and assets in one system that every branch shares.
Invoices & Bills With Approval
Raise customer invoices and record vendor bills, with as many approval levels as your business needs before an invoice goes out.
Payments That Land in Your Books
Every payment you record is posted straight away and marks its invoice as paid, so receivables, bank and cash books are always right without a reconciliation backlog.
Financial Reports in a Click
Profit and loss, balance sheet, general ledger, trial balance, aged receivables and payables, and the tax report, for any period and any branch.
Daily Cash, Bank & Day Books
See every naira that moved today in the cash book, bank book and day book, ready for close of business.
Budgets & Budget vs Actual
Set budgets by account and period, and see where you are over or under before the month ends.
Assets & Depreciation
Keep a register of your assets and let depreciation post itself on schedule.
Fiscal Years & Lock Dates
Set your own fiscal year and lock closed periods so no one changes last quarter's figures by accident.
Recurring Payments & Follow-ups
Rent, subscriptions and other repeating payments post themselves, and customers with overdue invoices get follow-up reminders.
Multi-Currency & Multi-Branch
Invoice in naira, dollars or any other currency, and keep each branch's books apart while seeing the whole business together.
Bring Your Books From Your Old System
Fill in our spreadsheet templates with your taxes, customers, products, unpaid invoices and opening balances. We check every row and do a test run before importing, and you can import again to update instead of duplicating.
An AI Assistant for Your Finances
Ask "How much cash do we have?", "Who owes us the most?" or "How are we doing against budget?" and get the answer from your live books, on the web or the mobile app. See all AI features.
Run a shop or pay staff? Fosbiz POS and Fosbiz HRMS post straight into your books. See Accounting plans.
Accounting questions
What is Fosbiz Accounting?
Fosbiz Accounting is cloud accounting software for Nigerian businesses, made by Foslah Technologies in Lagos. It covers invoices and bills with approval, payments that post straight to your books, financial reports, budgets, assets and multi-branch accounts in one system.
Which financial reports does Fosbiz Accounting produce?
Profit and loss, balance sheet, general ledger, trial balance, aged receivables and payables, and the tax report, for any period and any branch, plus daily cash, bank and day books.
Can invoices need approval before they go out?
Yes. Invoices can go through as many approval levels as your business needs, and the AI assistant shows each approver the invoices waiting for them.
Can I bring my opening balances and unpaid invoices across?
Yes. You fill in Fosbiz spreadsheet templates with your taxes, customers, products, unpaid invoices and opening balances. Fosbiz checks every row and does a test run before importing anything.
Does Fosbiz Accounting handle several branches and currencies?
Yes. Each branch keeps its own books while you see the whole business together, and you can invoice in naira, US dollars or any other currency.
How much does Fosbiz Accounting cost?
Accounting plans cost ₦30,000, ₦40,000 or ₦50,000 a month, billed annually, and Enterprise is priced to fit. Every plan includes a monthly allowance of AI credits.