How Finora Automates Your WHT Compliance: Complete Feature Guide

Managing Withholding Tax manually is a compliance headache. Tracking which payments need WHT, calculating the correct rates, generating certificates, filing monthly returns, and managing credits received—it's complex, time-consuming, and error-prone. Finora transforms WHT management from a burden into an automatic, seamless process.

The WHT Compliance Challenge

Nigerian businesses face significant WHT challenges:

Challenge	Impact
Multiple WHT rates	Wrong rate = compliance issue
Certificate generation	Time-consuming, often forgotten
Monthly return preparation	Manual compilation is tedious
Deadline management	Late filing = penalties
Credit tracking	Missed credits = overpaid CIT
Documentation	Audit vulnerability

Finora addresses each challenge through intelligent automation.

Automatic WHT Deduction Identification

Smart Payment Recognition

When you record a supplier payment in Finora:

1. System identifies payment type (professional fee, rent, supplies, etc.)
2. Checks supplier classification (company vs individual)
3. Applies correct WHT rate automatically
4. Calculates WHT amount on the correct base

You don't need to remember rates or rules—Finora knows them.

Supplier Configuration

Set up each supplier once:

Setting	Options
Entity type	Company / Individual
WHT category	Professional / Supplies / Rent / etc.
TIN	Supplier's Tax ID
Default rate	Auto-determined from type

Every future payment uses these settings automatically.

Payment Processing

When you process a payment:

Invoice Entry:

• Enter gross invoice amount
• System shows VAT (if applicable)
• System shows WHT deduction
• Net payment calculated

Example Screen:

Supplier: ABC Consulting Limited
Invoice: ₦1,000,000 VAT (7.5%): ₦75,000 Total: ₦1,075,000
WHT Calculation: Rate: 10% (Professional - Company) Base: ₦1,000,000 WHT: ₦100,000
Net Payment: ₦975,000

One-Click Certificate Generation

Automatic Certificate Creation

When you confirm a payment with WHT:

• Certificate is generated automatically
• Sequential number assigned
• All fields populated from transaction
• Ready to issue immediately

Professional Certificate Format

Finora certificates include:

• Your company details with TIN
• Recipient details with TIN
• Transaction reference
• Gross amount and WHT calculation
• Authorized signatory space
• Professional layout

Easy Issuance Options

Email Directly:

• Send PDF to supplier from Finora
• Delivery tracked
• Copy retained in system

Download PDF:

• Save for physical delivery
• Print when needed
• Batch download available

Certificate Management

Track all certificates:

• Certificate register
• Issue status (sent, pending)
• Link to payment transaction
• Search and filter

Monthly WHT Return Automation

One-Click Return Generation

When it's time to file:

1. Click "Generate WHT Return"
2. Select the month
3. Review auto-populated data
4. Download NRS-compliant format
5. Submit to TaxPro Max

What used to take hours takes minutes.

Return Components

Finora generates everything:

Summary Sheet:

• Total WHT by category
• Total amount due
• Filing period

Recipient Schedule:

• Each recipient's details
• TIN and payment information
• Category and rate applied
• WHT amount per recipient

Excel Format:

• NRS-accepted format
• Ready for upload
• No reformatting needed

Pre-Filing Checks

Before generating, Finora verifies:

• All certificates issued
• TINs are complete
• Amounts reconcile
• No missing data

Discrepancies flagged for resolution.

Deadline Management

Filing Calendar

Finora tracks all WHT deadlines:

• Monthly returns (21st)
• Alerts customized to your preference
• Dashboard visibility

Reminder System

Timing	Notification
7 days before	Email: Start preparing return
3 days before	Dashboard alert
1 day before	Urgent notification
On deadline	Final reminder
Past due	Warning of penalty risk

Status Tracking

See your filing status:

• ✓ January: Filed and paid
• ✓ February: Filed and paid
• ⏳ March: In progress
• ○ April: Not yet due

WHT Credit Management

For Credits You Receive

When clients deduct WHT from your income:

Recording Credits:

• Enter certificate details
• Attach scanned copy
• Link to income transaction
• Track by payer and period

Credit Register:

• Complete listing of all credits
• Total available for CIT offset
• Searchable and filterable

Reconciliation Tools

Match Credits to Income:

• Link certificates to invoices
• Identify missing certificates
• Flag discrepancies

Year-End Summary:

• Total WHT credits for CIT
• Supporting schedules
• Audit-ready documentation

Real-Time WHT Dashboard

Know Your Position

See at a glance:

Metric	Display
WHT deducted this month	Running total
Certificates issued	Count and value
WHT payable	Amount due to NRS
WHT credits received	For CIT offset
Next deadline	Days remaining

Trend Analysis

Track over time:

• Monthly WHT deductions
• Year-to-date totals
• Comparison to prior periods

Multi-Supplier Management

Supplier Database

Manage all suppliers centrally:

• Company vs individual classification
• TIN storage and validation
• WHT category assignment
• Payment history

Bulk Processing

For high-volume businesses:

• Import payment batches
• Auto-apply WHT rules
• Generate certificates in bulk
• Streamlined filing

Integration Features

Bank Feed Integration

Connect your bank:

• Match payments to invoices
• Verify WHT calculations
• Reconcile deductions
• Identify gaps

Accounting System Sync

WHT entries flow to:

• WHT payable account
• Expense accounts
• VAT accounts
• General ledger

No duplicate entry required.

Compliance Reporting

Standard Reports

Generate on demand:

• Monthly WHT summary
• Recipient-wise analysis
• Category breakdown
• Year-to-date totals

Audit Support

When NRS comes calling:

• Certificate inventory
• Return submission history
• Payment proof compilation
• Transaction details

Custom Reports

Build reports for your needs:

• Filter by date range
• Select specific suppliers
• Export to Excel

Multi-User Capabilities

Role-Based Access

Control who does what:

Role	Capabilities
Data Entry	Record invoices, view WHT
Finance Officer	Process payments, issue certificates
Accountant	Generate returns, view all data
Manager	Approval workflows, reports
Admin	Full access, user management

Approval Workflows

For larger organizations:

• Payment approval before WHT deduction
• Certificate approval before issuance
• Return approval before filing

Getting Started

Step 1: Set Up Your Business

• Enter company details
• Configure WHT categories
• Set up user accounts

Step 2: Add Suppliers

• Enter supplier details
• Classify each supplier
• Record TIN information

Step 3: Process Payments

• Record invoices
• Review WHT calculation
• Confirm and pay

Step 4: Issue Certificates

• Auto-generated certificates
• Issue to suppliers
• Track delivery

Step 5: File Returns

• Generate monthly return
• Submit to TaxPro Max
• Record payment

Step 6: Track Credits

• Enter certificates received
• Build credit register
• Use for CIT offset

Pricing

Finora offers plans for all business sizes:

Plan	WHT Features
Starter	Basic WHT automation
Professional	Full automation, unlimited certificates
Enterprise	Advanced features, API access

All plans include core WHT functionality.

Security and Compliance

Data Protection

• Encryption at rest and in transit
• Secure access controls
• Regular backups
• NDPR compliant

Audit Trail

Every action recorded:

• Who made changes
• When changes occurred
• What was modified
• Original values preserved

Real Results

Finora users experience:

Metric	Improvement
Time on WHT compliance	70% reduction
Certificate generation	Instant (vs hours)
Filing accuracy	Near-perfect
Late filing penalties	Eliminated
Audit preparation time	80% reduction

Frequently Asked Questions

Can I import historical WHT data?

Yes. Import past transactions, certificates, and credits to build complete records in Finora.

Does Finora file directly to NRS?

Finora prepares NRS-compliant files that you upload to TaxPro Max. Direct filing integration may be available in future updates.

Can I customize certificate templates?

Yes. Add your logo, adjust layouts, and customize within NRS requirements.

How quickly can I start using Finora for WHT?

Most businesses are operational within a day. Add suppliers, configure settings, and start processing.

What support is available?

Email support, help documentation, and guided setup assistance are included with all plans.

Conclusion

WHT compliance doesn't have to consume your time and create stress. Finora automates the entire process:

• Automatic rate calculation for every payment
• Instant certificate generation with one click
• Monthly returns prepared automatically
• Deadline reminders to prevent penalties
• Credit tracking to maximize CIT offset
• Audit-ready records always available

Join hundreds of Nigerian businesses that have transformed their WHT compliance with Finora.

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