Accounting, start to finish: your monthly routine
The four steps to do every month so your books stay accurate and tax-ready.
Understand the rhythm
Accounting isn't a pile of separate tools — it's one monthly routine: ① record or import the month, ② reconcile your bank, ③ review & post, ④ read your statements. The Overview page shows this routine as a card with ticks, so you always know where you are.
Step 1 — Record or import the month
Open Accounting → Monthly Ledger. The fastest way: upload your bank statement (CSV, Excel or PDF). Every line is read and categorised automatically — salaries, rent, bank charges, transfers. Then press "Pre-fill entry form" and the month's entry is built for you to review and save. You can also Sync from Platform (pulls your Kontrol sales and expenses) or type the figures by hand.
Step 2 — Reconcile your bank
Open Bank Reconciliation. Add your bank account once, then each month: start a period (enter the statement's opening and closing balances), import the statement, press Sync Books, and match the bank lines to your records. Auto-match does most of the work; you confirm the suggestions and finish the rest by hand. The goal is a difference of zero.
Step 3 — Review & post
At the bottom of the reconciliation page, Review & Post pushes the reviewed bank lines into your general ledger — this is what makes your statements reflect reality. When the month balances, sign off to lock it so nothing changes behind your back.
Step 4 — Read your statements
Open Financial Statements and generate the package: Profit & Loss, Balance Sheet, Cash Flow and the notes, all built from your books to Nigerian standards (NFRS/IFRS). Tax Reports gives you the CIT, VAT, PAYE and withholding-tax figures behind your filings.
Common traps
Transfers between your own accounts are not revenue — match them to the transfer entry. Don't sign off a month that doesn't balance. And don't rely on statements before the month is reconciled and posted — they're only as good as the books behind them.