How much does reconciliation software cost in Nigeria?

In Nigeria, published prices for reconciliation start at ₦50,000 a month plus VAT, for Brillrec's Close plan (Close Management and Internal Control Automation, without reconciliation), and at ₦75,000 for Essential, with all three products. Many vendors don't publish prices, and others charge by user, account or transaction, so quotes are hard to compare. Below: Brillrec's full pricing, what each plan includes, other vendors' published prices, and a way to work out the value.

Brillrec's prices in full

Prices are per organisation, in naira, before 7.5% VAT.

How billing works

• Pay monthly, quarterly, six-monthly or yearly, by card, bank transfer or USSD.
• Plans renew automatically, and an admin can stop renewal.
• Brillrec emails you at 80% and 100% of your records allowance. Extra records are charged to the saved card the following month, and an invoice is available on request.
• A one-off reconciliation (one not linked to an account) counts as one account in the month it is made.
• Guided setup is optional: ₦150,000 one-off, plus VAT. Backlog clean-up, new connections, on-site training and migration are quoted.
• Accounting firms can put clients on the Practice client plan at ₦35,000 a month, with every client's reconciliations in one All clients view.

Example figures: a business on Essential loads 14,000 records in October. That is 4,000 over the 10,000 allowance, which falls in one started block of 10,000, so ₦20,000 is added to November's charge.

What each plan adds

Every plan includes all three products: Reconciliation, Internal Control Automation and Financial Close Management. That covers statements in any layout, Paystack, Flutterwave, Monnify and Squad connections, automatic matching and rules, preparer and reviewer sign-off with the sign-off pack, the controls register, close templates with statutory dates, and journal export.

• Essential adds daily reconciliations, Mono bank feeds, statements by email, journal approval, unusual journal checks, balance review, balance sheet reconciliations, the tax accounts and WHT tracker, and the audit request list.
• Professional adds journal posting to QuickBooks, Sage, Xero and Business Central, your own web address, ICFR, the control evidence pack and guest auditors, clearing accounts, collections, the disputes register and the payout calendar, investments, client money, e-invoice reconciliation and other currencies.
• Business adds the API, webhooks, SFTP, single sign-on, group close and Close across your client organisations.
• Enterprise adds several legal entities, a Nigerian hosting option, service levels and bespoke integrations.

AI is optional: an admin can switch it off, it never signs off or approves, and every use is logged.

Full details are on the pricing page.

Published prices from other vendors

Taken from each vendor's own website, checked November 2026. Prices change, so check the live page before you decide.

Zoho Books and QuickBooks are accounting systems with bank reconciliation built in, so their prices are not a like-for-like comparison.

The costs that don't appear on a pricing page

• Exchange rate. A tool priced in dollars costs more in naira every time the rate moves.
• Per-seat pricing. Adding a reviewer or an internal auditor can add a licence. Brillrec's Essential plan and above have unlimited users.
• VAT. Check whether a quote includes it. Brillrec's prices are shown before 7.5% VAT.
• Volume limits. Ask what happens when you go over.
• Your team's time. Test your own month in a trial.

How to work out the value

Ask what the tool saves and finds, not only what it costs.

1. Hours saved. APQC benchmarks reported by CFO.com in May 2026 put the median time to reconcile one bank account at 4 hours.

Example figures: 8 bank and POS accounts at 4 hours each is 32 hours a month. At ₦6,000 an hour, that is ₦192,000. Halving the time saves ₦96,000 a month.

2. Money found. Short settlements, fees above the agreed rate and unbooked bank charges.

Example figures: across a month and several accounts, short settlements and unbooked charges come to ₦150,000.

3. Compare. ₦96,000 saved plus ₦150,000 found is ₦246,000 a month, against Essential at ₦80,625 including VAT. Run the sum on your own accounts.

Reported by clients: 70% less month-end close time, 50% less audit preparation time and 2.5x finance team productivity. Results depend on your records and how your team works. See client results.

How Brillrec helps

Brillrec is the finance operations platform for Nigerian businesses, with three products: Reconciliation, Internal Control Automation and Financial Close Management. One naira price per organisation covers all three, on one record.

• Reconciliation: bank, POS and payments, wallets, NIBSS NIP reports, investments and client money against the ledger, plus cash counts for petty cash and tills, on Essential and above.
• Internal Control Automation: a controls register built from a Nigerian control library, segregation-of-duties findings and a quarterly user access review on every plan.
• Financial Close Management: checklists with PAYE, VAT and WHT dates and the owner's month-end report on every plan.

Your data stays yours: an admin can download everything the organisation holds in Brillrec as one zip file, including the original statements and ledger files.

To compare features, see Best reconciliation software in Nigeria.

Frequently asked questions

What happens if I go over my records allowance?

You get emails at 80% and 100%. On Essential and Professional, extra records cost ₦20,000 per started 10,000, and on Business ₦15,000, charged to your saved card the following month.

Can I try Brillrec before paying?

Yes. The 14-day trial needs no card and includes every Professional feature. At the end you can choose any plan, the Close plans included.

Is there a setup fee?

No setup fee is required. Guided setup is optional at ₦150,000 one-off, plus VAT.

Start your free 14-day trial, no card needed, or book a 20-minute demo.