Damilola Olatunbosun

To the world

[Akkant BPO @_akkantbpo]

What people think a bookkeeper does: "sorts receipts."

A bookkeeper is not a luxury.
A bookkeeper is cheaper than a penalty notice.

DM us BOOKS or book a free discovery call; link in bio.

[Damilola Olatunbosun @DamitotheWorld]

That moment just reinforced what I’ve always believed: there’s a real gap between what’s taught in school and what’s expected on the job.

We need more practical training, not just theory.

#Accounting #WorkplaceReady #Graduates

[Damilola Olatunbosun @DamitotheWorld]

Interviewed a graduate trainee today. Asked basic accounting questions:

“How do you prepare financial statements? What are the components?”

They couldn’t answer clearly.

[Damilola Olatunbosun @DamitotheWorld]

And honestly, I don’t blame them. This keeps happening. Students graduate knowing definitions, but freeze when asked to apply it.

[Akkant BPO @_akkantbpo]

VAT compliance isn't complicated. But it requires discipline, correct classification, and valid invoices, every single month.

Most businesses don't have the system for it. We do.

DM us VAT; we manage your VAT compliance monthly so you never face a FIRS query on your returns.

[Akkant BPO @_akkantbpo]

Mistake #4: No clear system for expenses and invoices
Money leaks quietly when tracking is inconsistent.

Mistake #5: Avoiding the numbers entirely
If you’re scared to look, it’s usually because there’s no structure.

[Akkant BPO @_akkantbpo]

Mistake #2: Updating records only when there’s a problem
By the time tax season or audits show up, the damage is already done.

Mistake #3: Confusing cash in the bank with profit
This leads to overspending and false confidence.

[Akkant BPO @_akkantbpo]

Bookkeeping mistakes killing small businesses

Small businesses don’t usually collapse overnight.
They bleed slowly through poor bookkeeping.

Mistake #1: Mixing personal and business money
Once everything is combined, you lose visibility and control.

[Damilola Olatunbosun @DamitotheWorld]

Because what keeps your business alive isn’t profit. It’s liquidity.

[Damilola Olatunbosun @DamitotheWorld]

You might have:
Issued invoices that haven’t been paid yet

Bought inventory in bulk

Paid rent or salaries upfront

Or tied up money in credit sales

All these make your books look profitable while your cash flow struggles.

[Damilola Olatunbosun @DamitotheWorld]

In simple terms: Profit shows your performance. Cash flow shows your reality.
That’s why a business can look healthy on paper but still find it hard to pay bills, restock, or even take on new projects.
If you want to grow sustainably, track both, your profit and your cash flow.

[Damilola Olatunbosun @DamitotheWorld]

Here’s why
When you check your income statement and see a “profit,” it simply means your revenue is higher than your expenses — based on your records. But that doesn’t mean the cash is physically sitting in your account.

[Damilola Olatunbosun @DamitotheWorld]

Why Business Owners Confuse
Profit with Cash Flow

You can be profitable on paper and still be broke in real life.

Sounds strange, right? But it’s one of the most common financial mistakes small business owners make.

[Akkant BPO @_akkantbpo]

Nigerian business owners, this is for you!

Over the past few weeks, we’ve heard the same questions repeatedly:

➖ How do I register my business properly before 2026?
➖ What’s really changing with this new tax reform?
➖ How will it affect my online business or consultancy?

[Akkant BPO @_akkantbpo]

Receipts in WhatsApp. Payroll in your head.
Then panic in December. 😅
2026 tax reform won’t wait l, clean your books with now.
#smefinance #useakkant

[Damilola Olatunbosun @DamitotheWorld]

The goal is the setup an initiative that is targeted towards the youth to influence socio economic development
#2030

[Damilola Olatunbosun @DamitotheWorld]

What a beautiful day, I learnt about Green Bonds, Blue Bonds and Transitions Bonds

[Damilola Olatunbosun @DamitotheWorld]

https://t.co/QTP7JlSl6I

[Damilola Olatunbosun @DamitotheWorld]

@General_Oluchi @blackhubzz @DavidHundeyin This is a nice idea don’t you want to pursue it and see it come to reality.
If you want we can build a team around it.

[Modish-X @modishx_io]

A new update is NFT wearables which enable digital fashion identity along with profits.

To discover more, join us here https://t.co/FxvKGsHAbe

Date: Saturday, March 18, 2023

Time: 8:00 pm

Make it a date!