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FINANCE & CONTROL

Double-entry accounting

Run balanced books, receivables, payables, banking, reconciliation and financial statements.

₦Cash & bank₦142.8mPosted ledger balance
↗Income this period₦185.5m9 completed transactions
◎Receivables₦42.7m5 open invoices
↙Payables₦16.4m8 unpaid bills
PROFIT & LOSS

August performance

POSTED
Property sales revenue
₦162.0m
Construction revenue
₦23.5m
Operating expenses
(₦48.3m)
Net profit
₦137.2m
BALANCE SHEET

Financial position

BALANCED
Total assets
₦894.7m
Total liabilities
₦286.5m
Equity & retained earnings
₦608.2m
Accounting difference
₦0.00
GENERAL JOURNAL

Recent balanced postings

Every posted entry has equal debits and credits.

Date / numberMemoSourceDebit = creditStatusAction
09 AugJE-202608-00018Foundation materials · Haven CourtConstruction₦12.5mPosted
Actions⌄
09 AugJE-202608-00017Wallet funding · Ada ObiWallet₦5.0mPosted
Actions⌄
08 AugJE-202608-00016Sales invoice INV-00009Invoice₦25.0mPosted
Actions⌄
08 AugJE-202608-00015Receipt for INV-00008Payment₦10.0mPosted
Actions⌄
ACCOUNTS RECEIVABLE

Customer invoices & collections

Issue invoices, monitor balances and record collections.

Open invoices5
Outstanding₦42.7m
Overdue₦13.3m
Invoice / customerPropertyTotalBalanceDue / statusAction
INV-00009Ada ObiPlot B14, Haven Estate₦25.0m₦10.0m15 AugPart paid
Actions⌄
INV-00008Chinedu OkaforLekki 4-Bed Duplex₦85.0m₦008 AugPaid
Actions⌄
INV-00007Mariam BelloWaterfront Apartment₦18.0m₦13.3m01 AugOverdue
Actions⌄
INV-00006Tunde BelloAbuja Terrace₦65.0m₦19.4m21 AugOpen
Actions⌄
ACCOUNTS PAYABLE

Supplier bills & payments

Capture supplier obligations and pay them through the ledger.

Unpaid bills8
Due this week₦9.6m
Total payables₦16.4m
Bill / supplierExpense accountAmountDue dateStatusAction
BILL-0042Dangote Cement DepotConstruction materials₦6.8m12 AugDue
Actions⌄
BILL-0041Prime Surveyors LtdProfessional fees₦2.8m14 AugDue
Actions⌄
BILL-0040Lagos State LandsGovernment charges₦4.6m05 AugOverdue
Actions⌄
BILL-0039BrightSpark PowerUtilities₦2.2m28 AugScheduled
Actions⌄
CASH MANAGEMENT

Banking & reconciliation

Match statement lines to ledger entries and investigate differences.

UNMATCHED STATEMENT LINES

Review transactions

Paystack settlement PS-8241Suggested: Customer receipts+₦12.4m

Haven Court supplier transferSuggested: Construction materials−₦6.8m

Bank service chargeSuggested: Bank charges−₦35,000

LEDGER STRUCTURE

Real-estate chart of accounts

Accounts are grouped by type and used by automatic posting rules.

Code / accountTypeDebitCreditBalanceStatus
1010Wema operating bankAsset₦188.2m₦101.8m₦86.4mActive
1120Customer receivablesAsset₦185.5m₦142.8m₦42.7mActive
2010Supplier payablesLiability₦12.6m₦29.0m₦16.4m CrActive
3010Owner equityEquity₦0₦420.0m₦420.0m CrActive
4010Property sales revenueIncome₦0₦162.0m₦162.0m CrActive
5010Construction materialsExpense₦28.6m₦0₦28.6mActive
FINANCIAL STATEMENTS

Accounting reports

Open current statements or produce an auditable export.

▥FINANCIAL REPORTProfit & loss

Revenue, costs and net profit

₦137.2m net profit
▥FINANCIAL REPORTBalance sheet

Assets, liabilities and equity

₦894.7m assets
▥FINANCIAL REPORTCash flow statement

Operating, investing and financing cash

₦38.4m net inflow
▥FINANCIAL REPORTTrial balance

Debit and credit balances

Balanced · ₦0 difference
▥FINANCIAL REPORTGeneral ledger

All account movements and sources

126 posted entries
▥FINANCIAL REPORTAged receivables

Open customer balances by age

₦42.7m outstanding
PERIOD CONTROL

Fiscal periods & closing

Control posting dates, locks and the month-end close checklist.

CURRENT PERIODAugust 202601 Aug – 31 Aug 2026
83%Close checklist complete
PeriodDatesJournal entriesDifferenceStatusAction
August 202601–31 Aug 202618₦0.00Open
July 202601–31 Jul 202654₦0.00Closed
June 202601–30 Jun 202648₦0.00Closed
May 202601–31 May 202646₦0.00Closed
AUTOMATIC POSTING

Operations connected to the ledger

● All systems connected
Sales & invoices→Wallets & payments→Construction costs→Balanced ledger
ACCOUNTING

New record

Create a balanced accounting record.