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Moniebook is Moniepoint's smart POS system that uses cloud-enabled software to streamline and automate business operations. It's used to manage stocks, offering automation in how you sell, track reports, and reconcile payments and inventory.
It's an online POS system built on cloud-based protocols to simplifies business monitoring from anywhere in the world. It can be used for handling sales of stocks, updating stocks count, managing inventory and reports, processing payments, reconciling payments, and printing invoices and payment receipts.
It's accessible remotely, so you don't need to worry about being present all the time to manage your inventory. In a nutshell, Moniebook is a 2-in-1 business management solution—both software and hardware in combine—that makes inventory reconciliation as instantaneous as payment itself.
In Nigeria, nearly nine million POS machines primarily function as payment terminals rather than sales recorders. Their operators, agents, or merchants go through a cumbersome process to manually log orders and reconcile payments especially with card receipts.
However, solutions like horizontal SaaS and vertical SaaS are being used to solve the problems in the Nigeria accounting landscape. Moniebook, as a bookkeeping and payment reconciliation software, falls under horizontal SaaS platforms, and platforms like Orda and Mira are considered vertical SaaS platforms.
Horizontal SaaS platforms are software solutions designed to serve businesses across various industries with general features and easy setup but often lacks deep customization. Vertical SaaS platforms, on the other hand, are built for specific industries with tailored complex features to meet specialized needs that a horizontal solution cannot match.
How Moniebook Works
There are two major dashboards on the Moniebook account terminal: the backend dashboard where managers and owners manage the business, and the POS dashboard or interface where the front‑line staffs (cashiers) process sales and collect payments via bank cards, USSD, or bank transfers.
On the backend dashboard, managers and owners can control inventory, set pricing, and add products. Products can be added in seconds by adding details like the product name, category, unit of measurement, barcode, cost price, selling price, and opening stock.
However, to process item payments with barcode, the front-line staff (which is the cashier) will need to use the Moniebook POS terminal's camera (or an external scanner connected to the Moniebook POS device) to scan the item barcode.
In addition to that, Moniebook also helps merchants manage inventory by sending automatic alerts when stock levels drop below set thresholds and tracks every inventory change, including before-and-after counts and the staff responsible, ensuring accurate and efficient stock monitoring.
Moniebook POS Terminals
Generally, we've known that Moniebook works as an enterprise resource planning (ERP) solutions for businesses of all types in Nigeria. Now, let's talk about what the POS terminal does, what are it features, and why is it different from Moniepoint POS terminal.
The Moniebook POS terminal is an Android device featured with a printer, camera, touchscreen, battery, SIM slots, card slot, and charger. The POS printer prints a single paper slip combining the sales record and the payment receipt.
On the POS interface, each front-line staffs have individual logins details such as unique username and password. These front-line staffs are also assigned to the POS terminal based on administrative roles such as cashier, auditor, administrator, or accountant.
The assigning of an administrative roles on the POS terminal gives controls and limitations to everything actions front-line staffs can perform.
Once items are scanned or selected, the total amount is locked into the transaction. Once the transaction is processed, it'll appear instantly with full details: item breakdown, staff name, branch, payment method, and transaction reference at the backend office dashboard.
In addition to that if an administrative managers or business owners sets low stock thresholds from their backend office dashboard, Moniebook sends an automatic alert to both the backend office and front-line staffs when quantities of the stock fall below that number.
Every inventory change and the staff who made it are recorded before‑and‑after counts.
The Moniebook POS system can also track expiry dates for perishable goods, monitor inventory valuation to display total stock value and potential profit, manage customer groups with targeted fixed or percentage discounts, provide multi-branch reporting, and offer offline capability that syncs automatically when the internet is restored.
How Much is Moniebook POS
The Moniebook POS system operates on a subscription model with two plans: the Core plan costs ₦6,000/month for one device and one branch, with additional branches at ₦4,500 each and extra POS devices at ₦2,500 each. The Pro plan is ₦8,500/month for one device and one branch, with extra branches at ₦5,500 each.
It's important to note that Moniepoint POS devices are always on lease protocols. The company has never sell any of its POS machines on outright to merchants and agents. This is a protocol that ensures a low entry cost for small merchants and simplifies hardware upgrades.
However, it's worth noting that existing Moniepoint POS agents/merchants can swap a standard Moniepoint POS terminal for a fully Moniebook‑enabled POS version without making any payment for the new device. But gotten, merchants will need to maintain the pricing protocols as explained.
Differences Between Moniepoint POS and Moniebook POS
Both Moniepoint POS terminal and Moniebook POS terminal are built by Moniepoint MFB but to serve different business purposes. In addition to that, they're differences in how they functions, and in pricing structure.
Moniebook POS is a more advanced POS system built for businesses to manage their inventory. Moniepoint POS does not offer integrated inventory management or advanced business analytics. Merchants must manually track inventory and sales separately using a notebook or app to reconcile payment records at the end of every business days.
Moniebook will automatically reconcile the payments records, seamlessly integrates payment processing with inventory updates, and automatically adjust stock levels with each sale. This eliminates manual reconciliation which can be prone to errors, and enhances business operational efficiency.
Additionally, Moniebook POS terminals are being sold to merchants and business owners on a subscription model with two plans. On the other hand, the Moniepoint POS terminals requires a one-time caution fee of ₦21,500, which includes ₦10,000 for logistics, ₦10,000 as a refundable deposit, and ₦1,500 for one-year insurance.
The Full Differences in Table
| Feature | Moniepoint POS (Traditional) | Moniebook POS (New) |
|---|---|---|
| Functionality and Purpose | It's a payment terminal for card withdrawals, bank transfers, airtime and data purchases, bill payments. In a nutshell, The Moniepoint POS works like a merchant ATM. | It's an all-in-one POS + ERP system that integrates payments with sales tracking, inventory management, reporting, and business analytics. |
| Sales and Reconciliation | Sales are recorded separately in notebooks or apps. The reconciliations are done manually at the end of every business days, which is a very high risk of mismatch or fraud. | The Moniebook POS complete sales and reconcile their payments only after payment confirmation. It'll instantly reconciles the stock, payment, and records the transactions immediately to eliminate errors and fraud. |
| Inventory Management | None: merchants are prone to handling stocks manually. | Automated: The POS system updates stock in real time, supports bundles/variants, expiry alerts, valuation, and low-stock notifications. |
| Business Management | Limited to payments and no analytics or operations tools are supported. | Full back-office dashboard managed by merchants to manage pricing, staff roles (admin, cashier, auditor), multi-branch control, and profitability analytics. |
| Pricing Structure | One-time caution fee ₦21,500 (₦10k logistics, ₦10k refundable deposit, ₦1.5k insurance). Transaction fees: 0.5% withdrawals < ₦20k, ₦100 flat > ₦20k, ₦20 per transfer. | Subscription model: Core ₦6,000/month (1 device, 1 branch; extra branch ₦4,500, extra device ₦2,500). Pro ₦8,500/month (extra branch ₦5,500). |
| Hardware | Smart POS (touchscreen + printer) or mPOS (compact, no printer). Leased but mainly for payments. | Leased touchscreen POS with scanner and printer. Existing POS can be upgraded to Moniebook-enabled device at no extra cost. |
| Receipts | Prints only payment receipt. | Prints unified receipt: both sales invoice and payment confirmation. |
| Target Users | Small vendors, kiosks, market traders needing only payment processing, and entrepreneurs that wants to extend financial inclusion in the community by offering mini-banking services. | It's a best choice for SMEs and multi-branch businesses (such as restaurants, supermarkets, fuel stations, even toll gates) to manage all their inventories. |
| Extra Features | 24/7 support, cybersecurity, supports all card types. | Expiry tracking, customer group discounts, staff audit trails, offline sync, multi-branch reporting, data-driven lending support. |
| Fraud/Error Risk | Higher: staff can input wrong amounts or divert sales using personal POS. | Lower: each cashier tied to unique PIN; sale completes only if payment matches transaction. Full audit trail per user. |
| Scalability | Best for basic, transaction-focused operations. | Built for scalability: supports multi-branch chains, complex inventory, and integration with Moniepoint’s credit/lending systems. |
| Strategic Value | Built Moniepoint’s massive nationwide distribution and merchant base. | Deepens merchant “stickiness”: provides operational data for lending, compliance, and fraud prevention. Positions Moniepoint as an SME operating system. |
Features of Moniebook POS
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Payment and Sales Integration
- The POS accepts card, bank transfers, and cash-in-hand payments.
- It links each payment directly to a sales record (no more double entry).
- The POS terminal issues unified receipts showing both sales and payment details, and instantly submit copies to the business owners dashboards.
- It works both online and offline. The POS terminal will sync automatically when the network returns and store all date gathered offline in cloud.
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Inventory Management
- Real-time stock tracking and the inventories are updated instantly after each sale.
- Low-stock alerts and expiry reminders.
- Product categorization with SKUs and batch tracking.
- Valuation tools for stock and cost of goods.
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Business and Branch Management
- The POS system supports Multi-branch management useful for managing several business outlets from one dashboard.
- Staff role management (including roles like cashiers, managers, admins with different permissions, limitations, and control).
- Staff audit trail used in tracking who did what and when did was done.
- Consolidated reporting across all branches.
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Analytics and Reporting
- Sales trends and daily, weekly, and monthly summaries.
- Profitability insights at product, staff, or branch level.
- AI-driven insights for smarter decisions making.
- Potential link to data-driven credit and lending access from Moniepoint.
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Customer Engagement Tools
- It's enabled with customer profiling which is best for tracking purchase history.
- It features group and loyalty discounts and promotions.
- It's better at keeping records for repeat customers.
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Hardware and Usability
- It's built with touchscreen POS with built-in scanner and printer.
- It's upgradable from existing Moniepoint POS terminals.
- It's a leased model (that is, businesses don’t fully buy the POS machine).
- Can adapt to unusual use cases (e.g., toll gates treating vehicles as inventory).
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Security and Reliability
- Cybersecurity protections built on cloud computing storage and Moniepoint’s payment infrastructure.
- Works seamlessly with Nigeria’s banking and payment systems.
- 24/7 customer support.
FAQs
What is Moniebook?
Moniebook is Moniepoint's advanced all-in-one point-of-sale (POS) and enterprise resource planning (ERP) software solution designed as a horizontal SaaS platform to streamline and automate business operations such as managing stocks, offering automation in how you sell, tracking reports, and reconciling payments and inventory using cloud-base storage protocols as backups.
How to Create a Moniebook Account?
Currently, Moniebook is still in beta mode; it hasn't been fully launched to the general public. We'll update this article when thr product is available for use. With that said, it's important to note that Moniebook will be managed through a dedicated platform moniebook.moniepoint.com. Meanwhile, you cannot create or register an account on this portal, ypu can only sign-in your business account. So, you'll need a fully verified Moniepoint Business Account to request the Moniebook POS terminal and use the Moniebook account dashboard.
How to Use Moniebook?
Moniebook can be used in any business enterprise. Be it gas station, supermarket, church, you name it. It's an all-in-one advanced POS system that manage inventory, automate payments, and reconcile payments for better tracking, reporting, and financial decisions.
Conclusion
The Moniebook POS hasn't been launched. It's still in beta mode. Moniepoint clarifies that through their official website.
"We wish to clarify recent media coverage regarding our Moniebook product. The reports were based on forward-looking information from our product development roadmap. While we’re excited about the innovative potential of Moniebook, we want to be clear that the product has not yet launched and remains in active development. We look forward to officially unveiling Moniebook and continuing to power the dreams of millions of businesses that trust us for safe, speedy, and game-changing financial solutions," said Moniepoint management.
With that said, we'll continue to update this article to further explain how to use the Moniebook POS and how to request or get a Moniebook POS terminal for your business operations when the product is final launched and available to the general public.
While waiting, you can save this article to your bookmarks or join our social media platforms where we update information regularly to stay on top of the information.
