What is sparkle business?
Sparkle Business helps small and medium enterprises manage their business in the most simplest and efficient way possible.
The only business account that requires zero documentation for opening an account, aids in tax remittance and inventory management, all done on your mobile phone.
Business Account Opening
Sparkle Business Account was made for Sparkle personal account owners who have a TIN (Tax Identification Number) and looking for a simple, transparent and trustworthy account so they can improve their business significantly.
We also have a business support platform that not only helps but also gives you the opportunity to do the following:
Business insight and productivity
Monitor your business activities by managing your products and customers, all from your device. Identify top selling products and customers with the highest patronage. Improve your revenue as well as manage your business expenses.
With Sparkle business you can improve your business productivity by keeping track and managing your business metrics, all on the go.
Taxation & Payroll
With our easy to use mobile application you can manage your workers and employees payroll and salaries payment to sparkle and various other bank accounts.
A sub-account is made available for you on your sparkle business that houses all your tax deductions and returns giving your timely update for remittance and tax payments.
InVENTORY & INVOICE
Sparkle business integrates accounting tools as you get visibility and more control of your business products with inventory management and sparkle smart invoice.
You can manage your product store count as well as send invoices to customers with our smart invoice that aids in discount making and VAT analysis.
First, you download the Sparkle application from Appstore or Playstore, open a personal account and then create a business account. Your journey begins with a personal account
Yes, the first step to getting a Sparkle Business account is getting a personal account. Your Sparkle business account profile will be added to your existing personal profile and you can navigate between your business and personal account in one switch.
To get a business account, you’ll need your TIN(Tax Identification number),the email address tied to it and a few of your business registration document. This will be authenticated on the TIN verification platform where we’ll fetch your business account details from.
With Sparkle, you can have a total of 10 cards for your business account:
With Sparkle, you can have as much as 5 physical cards for your business account.
With Sparkle, you can have as much as 5 virtual cards for your business account.
No! Only the owner of the account can access it. However, you can create several physical cards customized for the necessary members of your team/staff or beneficiaries.
Both personal and business accounts are accessible via the Sparkle app, you only need to toggle between both accounts whenever you need to.
With the Sparkle business account, customers would be able to create invoices, carry out bulk transactions, make bulk payments, get their tax advisory services like tax calculation and payments, own 5 physical and 5 virtual cards, online payment gateway creation (upon request) etc.
With the Sparkle business, what we are offering is the much needed assistance to launch your business into the digital space, from our inventory management and invoicing system than helps you track and manage your goods online, to our payment gateway service that enables you receive payment with cards online, to our tax advisory that helps you calculate your tax and make payments online, our payroll management that helps you digitally manage your staff and their payments from your app, to bulk payments. Our business account is packed with amazing benefits.
You can add money to your business account by using a debit/credit card in the fund account part of the app or by simply making a transfer from other banks.
Sure, you can generate and share invoices/receipts to your customers via the Sparkle app, users can click on the link to accept payment request (for customers with Sparkle accounts) or click the link to pay from other banks.
At Sparkle, there is no minimum account opening balance on our business account, you fund your account with as much money as you wish.
At Sparkle, there is no minimum balance on our business account, you utilize the money on your account as you please.
Any Sparkler with a small or medium business can get a Business account
Your TIN is sent two weeks after your business registration at the CAC (Corporate affairs commission). If you do not get your Tax Identification Number (TIN) via mail or SMS two weeks after you register your business at CAC, please email email@example.com.
On your Business account, you are charged for transfers, bills payments, Tax services etc. We do not charge any account maintenance charges; you’re only charged on services you utilize.
Absolutely! You can pay your staff into both Sparkle bank and other bank accounts.
Definitely! You can always delete staff who no longer work for you from the payroll feature on the app and you can easily add new staff.
You can pay all you staff salaries by clicking on my people feature and adding as many staff as possible and selecting a pay day for them.
From the invoice feature on the app, you can see invoices that were paid for, as the status changes from Pending to Paid. You can also see pending invoices, that haven’t been paid for.
For now, you can only send invoices to just emails, you cannot send to any other social media platforms or platforms.
Yes, both pending invoices and paid invoices can be easily deleted.
You can get visibility on the amount made daily, monthly or weekly by clicking the breakdown feature on the app. This gives you a clear insight on who paid you, how much you were paid and how much you have made.
You must create your inventory first before you can generate an invoice. After which you click on the invoice feature and create an invoice by adding the items/services you want to offer.
All you need to do is click on your profile after setting up your personal account, you would see GET SPARKLE BUSINESS, click on it, input your TIN (Tax Identification Number) and your business account is set up!
Absolutely! Your business account would show your registered business name on both your account and when clients want to make payment to you.
Yes, Sparkle Business helps in Tax calculations such like VAT (Value Added Tax) and tax deductions for your payroll.
By clicking on the inventory feature, you would be able to see what items you have left, what item is low on stock, your total inventory unit and your total inventory value.
Oops! Right now, you cannot do bulk upload, however you can check back on that soon.
You cannot export your customer details from the app at this moment, you can only view your customers details from the app which includes their names, emails and phone numbers.
Yes you can, Click on the invoice feature, you would see a search option, input the name of the customer or the invoice number and you would see the customer you are searching for.
No, you will not be able to edit an invoice once it is created. You can either delete the invoice or create a new invoice for the customer.
Yes, you can add delivery/logistics charges to any invoice created.
Currently you cannot add a percentage discount to your invoice, you can only add the exact amount of discount or deduction to the invoice.
When creating the invoice, click on the “Add discounts, fees & charges “option and input your deductions.
Yes, you can add the picture of each item when creating your inventory list seamlessly.
Of course you can, all you need to do is go on the Tax Deduction feature, click on the deduction settings and select which Tax you would like to switch off and you are good.
Yes, you can pay your employees into any bank of their choice and to a Sparkle account.
Oh yes! You can always edit the day and time you want to pay your staff or employees. You can edit it by clicking on the “Edit Payday” option, select the day of month and the time you want to pay your staff.
Click on my people feature on the Sparkle Business App, add people (All your employees), click on the “Edit Payday” option, select the day of month and the time you want to pay your staff.
Click on “My Customer’ feature in the app, select or search for the name of the customer, click on view and you would see all the invoices and transactions of your customers.