If you’re considering building your own accounting software or mobile app, one question you’re probably asking is:
How much does it cost to build an accounting app in Nigeria?
Let’s break it down.
What Is an Accounting App?
An accounting app helps individuals, freelancers, and businesses manage:
- Income and expenses
- Invoicing and receipts
- Payroll processing
- Inventory and asset tracking
- Tax calculations
- Financial reports (profit & loss, balance sheet, etc.)
Some apps are cloud-based, others are offline mobile solutions. The complexity you choose will affect your development cost.
Types of Accounting Apps
- Basic Expense Tracker
Ideal for individuals or microbusinesses (freelancers, artisans)
Features: Expense entry, income tracking, simple reports - Small Business Accounting App
Includes invoicing, customer tracking, bank reconciliation, and basic payroll - Full Accounting Software with ERP Integration
Used by growing businesses and enterprises
Includes: Inventory management, analytics, multi-user roles, audit logs
Key Features to Consider
Depending on your goals, your app may include:
- User registration and dashboard
- Income and expense categorization
- Automated invoicing and reminders
- Bank integration or CSV upload
- Payroll and employee management
- Tax computation (e.g., VAT, PAYE, Company Income Tax)
- Financial reports with export options
- Role-based access (Admin, Accountant, Manager)
- Multi-currency support
- Mobile and Web access
So, How Much Does It Cost?
At Appfur, we’ve built both simple accounting apps for startups and robust systems for SMEs in Nigeria. Here’s what you should expect:
Basic Accounting App (₦1 Million – ₦2.5 Million)
This includes expense and income tracking, invoicing, and basic financial reports. It’s usually built for Android only or Web only.
Timeline: 3 to 4 weeks
Best for: Solo entrepreneurs and freelancers
SME-Focused Accounting App (₦2.5 Million – ₦5 Million)
This option includes full dashboards, customer management, automated invoices, tax settings, reminders, employee management, and both mobile and web platforms.
Timeline: 4 to 6 weeks
Best for: Small businesses and accounting firms
Advanced Accounting + ERP System (₦5 Million – ₦10 Million+)
This level offers everything from inventory and multi-branch support to real-time analytics, role management, audit logs, and third-party software integrations.
Timeline: 2 to 3 months
Best for: Medium to large businesses, fintech startups
Other Cost Considerations
- Third-party API integration (e.g., payment gateways, bank feeds): ₦200,000 – ₦1 Million+
- UI/UX Design: Included in most Appfur projects, but advanced custom designs may increase cost
- Hosting and cloud storage: ₦10,000 – ₦50,000 per month depending on traffic
- Maintenance and updates: ₦100,000 – ₦300,000 per month
- Compliance and tax advisory: Optional but recommended for advanced systems
Why Nigerian Businesses Need Custom Accounting Apps
Custom apps align with Nigerian tax regulations (FIRS, LIRS), support local currencies, automate SME reporting needs (for BOI, SMEDAN), and reduce financial errors. They also build trust with stakeholders and improve business efficiency.
Final Thoughts
Building an accounting app in Nigeria is an investment in long-term business growth. The cost will vary depending on your desired features and complexity, but the returns in productivity, compliance, and profitability are undeniable.
Want to Build Your Own Accounting App?
At Appfur, we specialize in designing and developing scalable, intuitive accounting apps for businesses across Nigeria. Whether you’re starting small or building an enterprise system, we’ll guide you from idea to launch.
Reach out to Appfur today for a free consultation or a personalized quote.
We design and build high-quality, scalable mobile apps tailored to your needs.
Let’s talk! Message us on WhatsApp now: Click Here
Your next big app starts here!
