Chart of accounts for Nigerian SMEs
There is no single NRS-mandated SME chart that QuickBooks must ship. Use a practical layout, flag VAT-relevant accounts, and keep payroll and WHT control accounts visible. Download the template, then rename codes to match how you file.
Written by Accounting Software Africa editorial Reviewed by Accounting Software Africa editorial, Publisher editorial desk. Tax figures are cited to the Nigeria Tax Act 2025. Assign a named ICAN reviewer in this field before treating a page as a signed professional opinion.
Last updated 2 Sept 2026
Template
- Download the chart
CSV and spreadsheet.
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- Odoo is the Nigeria pick when inventory, sales and accounting must share one database. It is the wrong pick if you wanted a cheap ledger. Public pricing is per user in USD; Lagos quotes add localisation. Ask whether the NTA 2025 PAYE bands and NRS invoice XML are in the contract.
- Tyms is the cheapest full-feature cloud ledger in this set once you convert the official annual seat price to naira, and it is the only product here whose team sits in Lagos. It still does not replace an accredited NRS e-invoicing connection or a statutory PAYE filing pack. Tyms Inc. publishes this site — the badge on this page is the disclosure, not a ranking.