Free Bookkeeping Guide

Separate Personal & Business Budgets Safely

Download our step-by-step bookkeeping framework for micro-entrepreneurs. Structure a formal owner's salary, separate household expenditures, and comply with SMEDAN guidelines.

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SMEDAN Bookkeeping Standards

Establishing clean financial structures for micro-enterprises to unlock grants, registrations, and formal credit clearance.

Capital Protection

Blending personal pocket spending with business sales drains working capital. Keeping strict boundaries protects business cash flows from domestic pressures.

Owner's Salary Code

SMEDAN guidelines advocate paying yourself a structured, fixed salary as an entrepreneur rather than drawing directly from daily shop earnings.

Audit Readiness

Separate corporate bank accounts keep clean bank statements, which is a key requirement for accessing corporate government micro-grants.

Business-Household Ledger Separator

Enter your combined inflows and outflows to evaluate business profitability and ensure household consumption does not erode corporate equity.

Inflow & Outflow Parameters

Separation Outcomes

Business Operating Cost: ₦108,000
Household Expense Allocation: ₦72,000
Business Net Margin (Profit): ₦132,000
Household Budget Deficit: -₦12,000
Household is drawing more equity than the owner salary allows.

SMEDAN Financial Compliance Checklist

Confirm if your enterprise implements basic financial separation rules to maintain regulatory compliance.