Sales invoice
SI‑2041 · a fabrication contract
- Steel door frame × 12
- 582,000
- Aluminium window unit × 4
- 505,000
- Delivery to site
- 63,000
- Net
- 1,150,000
- VAT at 7.5%
- 86,250
- Total
- ₦1,236,250
an Enterprise Projects Business Solution
Enter it once.
It posts everywhere.
MagnetERP is a complete business management system for small and medium-scale enterprises. It brings the entire back office into one integrated application, so that a transaction entered once flows through to every record it affects.
Entered once
Posted everywhere
Inventory & Services
16 units leave the store at cost, carried to cost of sales. The delivery line is a service and moves no stock.
Sales & Receivables
Customer account debited ₦1,236,250.
Projects
₦1,150,000 attributed to the contract job batch — the revenue, not the tax.
Integrated General Ledger
- Dr Receivables 1,236,250
- Cr Sales 1,150,000
- Cr VAT 86,250
Overview
One system; one version of the truth.
It brings the entire back office — customers and suppliers, sales and purchases, inventory, staff, payroll and the books of account — into one integrated application.
Built for the way Nigerian businesses actually work, it manages several companies under one organisation, with each company’s records kept properly separate and every part of it posting to that company’s general ledger.
What it does
The whole back office, in one book.
Each part below feeds the same set of accounts. Nothing is re-keyed, and nothing is reconciled by hand at month end.
Customers and suppliers
Every party you deal with is recorded once, and can hold accounts anywhere in the business.
Sales, and what you are owed
Orders, invoices and proformas. Invoice directly and the invoice releases the goods, or take the order first and let the waybill raise it.
Purchases, and what you owe
Order, goods received note, invoice — so you know what is committed before anyone asks to pay it.
Stock
Every movement in and out of every store, valued first-in first-out. Freight and duty invoiced late are carried back into the cost of the goods they belong to.
Money in and out
Payments, receipts and transfers, each authorised and reversible, feeding the cash position as they happen.
Staff and payroll
The full employee record, and a pay run that computes PAYE, pension, NHF and NSITF and posts itself to the ledger.
Fixed assets
Registration through to disposal, with depreciation posted and the asset register agreeing to the ledger.
Budgets and credit control
Spending held to budget and exposure held to limit, with an age analysis of what is overdue.
The general ledger
The chart of accounts, journals, periods and close — and a VAT return produced from the ledger rather than rebuilt in a spreadsheet.
Bank reconciliation
Statement lines matched to ledger records under your own banking rules, with differences surfaced rather than buried.
A closer look
The work, as it actually happens.
Screenshot reserved The sales invoice screen, full window at 16:10
Screenshot reserved The stock enquiry or product bin card, full window at 16:10
Screenshot reserved The payroll listing or process-salary screen, full window at 16:10
Screenshot reserved The chart of accounts or period-close screen, full window at 16:10
Built around your projects
Why it is called a Projects Business Solution.
Every transaction can be linked to a registered chart of projects or to project-milestone codes — contract job batches, production job batches and procurement job batches.
That threads a supply chain through the stock records, provides the basis for costing — including the re-costing of landed cost when additional procurement expenses arrive late — and makes profitability reporting by project possible.
Multi-currency throughout
Recorded in the currency it happened in.
Every transaction keeps its own currency and its exchange rate to the base currency. Accounts may be denominated in any currency, with dedicated accounts for currency exchange, so foreign business is recorded as it happened.
Reporting
Among the reports the system delivers
- Sales invoices due
- Purchase invoices due
- Cash-flow analysis
- Asset status schedule
- Statement of profit or loss, with profitability by project
- Statement of financial position
- Stock status reports
— and the enquiry screens behind them, for the detail beneath every figure.
About
Three commitments the software keeps.
It works on a poor connection
Slow and unstable connections are the normal case, not the exception. Pages stay light, loading states stay honest, and work in progress is never silently lost.
01
One company’s data stays its own
An organisation may run several companies. Each company’s records are kept properly separate, and seeing across them is an explicit, permissioned act rather than a default.
02
The books stay defensible
A posted entry is never overwritten. Documents are corrected before verification and reversed by their own reversal entry afterwards, history is kept, and balances are derived from the postings rather than stored and trusted.
03
The desks this was built for.
Accountants, storekeepers and payroll officers doing the day’s work.
Find us
Where we are, and how to reach us.
Telephone
Tell us what your business does and which part of the back office you want to put in order first.
Every entry posts to the same set of books.
Accounts are created by your administrator — there is no public sign-up.