Business Settings¶
Last reviewed: 2026-04-01 · Nnamdi
Status: Complete
Route: /settings
1. What is it?¶
Business Settings is the central configuration page for the business entity. It manages business identity (name, industry, contact details, address), tax information (TIN, RC Number), fiscal year configuration, bank accounts for invoice payment, tax display settings for invoices (VAT and WHT presentation), invoice/receipt numbering prefixes, TaxPro Max credentials for managed filing, and business deletion.
2. How does it work in Finora?¶
2.1 Business Logo¶
- Upload logo: PNG, JPG, WebP, or SVG, max 750KB
- Recommended: Square image
- Logo appears on invoices and receipts
2.2 Business Information¶
| Field | Required | Value (test business) |
|---|---|---|
| Business Name | Yes | COA Test School Academy |
| Industry | Yes | Education (dropdown with 21 options) |
| Yes | test@schoolcoatest.com | |
| Phone Number | Yes | +234 800 333 4444 |
| Website | No | (empty) |
2.3 Business Address¶
| Field | Required | Value |
|---|---|---|
| Street Address | Yes | 25 Academy Road, Ikeja |
| City | Yes | Lagos |
| State | Yes | Lagos (dropdown with all 36 states + FCT) |
2.4 Tax Information (Optional)¶
| Field | Description |
|---|---|
| Tax Identification Number (TIN) | NRS TIN format: XXXXXXXXXX-XXXX |
| RC Number | CAC registration number: RC XXXXXX |
2.5 Fiscal Year¶
| Field | Value | Notes |
|---|---|---|
| Fiscal Year Start | 2026-01-01 | Usually January 1st |
| Currency | NGN | Disabled — cannot be changed after business creation |
2.6 Bank Accounts¶
- 0 of 5 accounts (2 free NUBAN lookups remaining)
- Add Account / Add Your First Account buttons
- "The default account will be displayed on invoices for customer payments."
2.7 Tax Display Settings¶
Customize how VAT and WHT appear on invoices and PDFs:
| Setting | Options |
|---|---|
| VAT Display on Invoices | Separate Line Item (Default) / Included in Prices / Hidden (No VAT shown) |
| WHT Display | Not Applicable (Default) / Show as Deduction / Mention in Payment Terms |
Display mode examples: - VAT Separate: Shows VAT as a line item after subtotal - VAT Inclusive: Prices include VAT, shown as note - VAT Hidden: No VAT breakdown shown (for exempt transactions) - WHT Show Deduction: Displays "Gross Total" then "Less: WHT" then "Amount Payable" - WHT in Notes: Mentions WHT requirement in payment terms section
2.8 Invoice & Receipt Numbering¶
- Default: INV-YYYYMMDD-XXX for invoices, RCP-YYYYMMDD-XXX for receipts
- Custom prefix: checkbox to enable; 2–10 characters (letters, numbers, hyphens)
- Changes only affect new invoices/receipts, not existing ones
2.9 TaxPro Max Credentials¶
Securely store NRS TaxPro Max login for managed filing: - TaxPro Max Email and Password fields - Password encrypted on submission, never visible to staff - Used only for FIRS filing by assigned agent - Authorization checkbox required - Store Credentials Securely button
2.10 Danger Zone¶
- Delete Business button — permanently deletes the business and all data
- Save Changes button
3. Business rules & constraints¶
| Rule | Detail |
|---|---|
| Currency is locked | NGN cannot be changed after business creation |
| Max 5 bank accounts | Up to 5 accounts; default account appears on invoices |
| 2 free NUBAN lookups | Account number verification is free for the first 2 lookups |
| TaxPro Max credentials encrypted | Password is never visible to staff; used only for filing |
| Custom prefix: 2–10 chars | Letters, numbers, hyphens only; date and sequence appended automatically |
| Business name affects all documents | Changing the business name updates it on all future invoices, receipts, and reports |
| State determines PAYE authority | The selected state determines which SIRS receives PAYE returns |
4. Nigerian regulatory context¶
- TIN is required for NRS filings and appears on all tax returns
- RC Number is the CAC company registration number
- All 36 states + FCT are listed for business address — this determines PAYE jurisdiction
- TaxPro Max is the NRS online filing portal — storing credentials enables Finora's filing agents to file on the business's behalf
5. Common customer questions¶
Q: "How do I change my business currency?"
Currency cannot be changed after business creation. Finora is designed for NGN (Nigerian Naira). If you need a different currency, contact Tier 2.
Q: "What is TaxPro Max and why should I store my credentials?"
TaxPro Max is the NRS online portal for filing tax returns. If you use Finora's Filing Services, storing your TaxPro Max credentials allows the filing agent to submit returns on your behalf without you needing to log in.
Q: "How do I add my bank account for invoice payments?"
Click "Add Account" in the Bank Accounts section. Enter your NUBAN account number — Finora will verify it via a NUBAN lookup. The default account appears on all invoices.
6. Known edge cases¶
TIN and RC Number are optional¶
The test business has no TIN or RC Number configured. Without a TIN, TaxPro-Max compatible returns will be incomplete. Agents should encourage businesses to add their TIN.
Custom invoice prefix affects only new documents¶
Changing the prefix does not retroactively rename existing invoices or receipts.
7. Escalation trigger¶
Escalate to Tier 3 (Founder) if: - Business deletion was triggered accidentally and needs reversal - NUBAN lookup returns incorrect bank account details
Escalate to Tier 2 (Support Lead) if: - Customer needs to change their business currency - Customer needs help with TaxPro Max credential setup - Customer's NUBAN lookup fails for a valid account number
8. Last reviewed¶
2026-04-01 — Nnamdi. Verified against production. Business Settings for COA Test School Academy: Business Name, Industry (Education), Email, Phone, Address (25 Academy Road Ikeja, Lagos), TIN/RC (empty), Fiscal Year Start 2026-01-01, Currency NGN (locked). Logo upload (750KB max). Bank Accounts 0/5 (2 free NUBAN lookups). Tax Display: VAT Separate / WHT Not Applicable. Invoice Numbering: default prefix, custom option available. TaxPro Max Credentials: email + encrypted password + authorization checkbox. Delete Business + Save Changes buttons confirmed.