Managing business accounting in Nigeria doesn’t have to mean endless hours sorting through printed bank statements, tracking POS settlements, or matching manual transfers. Even if your local bank doesn't support direct automatic bank feeds via Open Banking, you can still import your bank statements manually (via CSV, Excel, or PDF)—and the upgraded Zoho Books Banking module does the heavy lifting for you.
Whether you run a retail shop in Lagos, a startup in Abuja, or an enterprise in Port Harcourt, these new features use smart automation to help you categorize transactions faster, maintain clean audit trails for FIRS compliance, and close your books in record time.
Top New Banking Features for Your Business
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AI-Powered Reconciliation: Zoho Books now auto-suggests transaction categories, accounts, and vendors based on past banking history and statement context, slashing manual data entry.
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Bulk "Quick Categorize": Process up to 50 bank transactions at once in a spreadsheet view. Easily group recurring entries—like monthly diesel purchases, internet bills, or office supplies—and update them simultaneously.
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Centralized Bank Rules: Set up categorization rules once and apply them across multiple bank accounts and cards, maintaining consistent bookkeeping across your entire business.
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Streamlined Undeposited Funds: Select specific payments directly when recording deposits. Zoho Books automatically calculates totals and references included payments to eliminate calculation errors.
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Corporate Card Sync: Sync corporate card activities from Zoho Expense to Zoho Books, making it simple to spot unapproved or pending staff expenses before finalizing reconciliations.
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Flexible CSV Report Exports: Export your Reconciliation Status Report as a CSV file to customize data views, analyze cash flow trends, or share reports directly with your accountant.
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User-Level Bank Access (Coming Soon): Restrict bank account visibility to specific team members or external auditors to enforce strict internal financial controls.
Why This Matters for Nigerian SMEs
High transaction volumes from bank transfers, cards, and mobile payments can create accounting bottlenecks. By replacing tedious line-by-line categorization with AI suggestions and bulk processing, Zoho Books helps you maintain accurate books, monitor real-time cash flow, and keep your business tax-ready with minimal stress.
Ready to simplify your day-to-day business accounting?
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