26. February 2016

Bookkeeping & Accounting

Bookkeeping firm in Tallinn

Bookkeeping firm in Tallinn, Estonia

At Simply Accounting we offer flexible and cost-effective outsourced bookkeeping and accounting services that are taylor-made for your business and your industry.

Every management needs assurance that its accounting is correct and up to date with all legal requirements.

Questions to ask yourself:

  • Planning to open a business in Estonia? Do you need help with company formation and E-Residency?
  • How much time do I spend on keeping books in “order” and up to date with changing legal requirements?
  • What are the actual costs of having in-house accountant (payroll, working place, computer, accounting software, replacement costs during vacation and illness, reqruitment costs)?
  • What are the accounting and reporting needs of my business?

By letting bookkeeping experts from Simply Accounting deal with the work you can be sure that your accounting is up-to-date, comprehensive and accurate. Our consultants have up to 20 years of experience in accounting, auditing and financial management both in Estonian companies and multinational companies.

Outsourcing your bookkeeping means you can run your business more effectively and efficiently.

Outsourcing accounting vs in-house accountant

Outsourcing bookkeeping services will help you achieve significant cost savings. You will not have to pay for recruitment costs of accountant, plus replacement costs during illness or maternity leave, training costs to keep accountant up-to-date with legal changes and other costs having a in-house employee (computer, accounting program etc).

We offer a number of flexible outsourced bookkeeping services to suit your business requirements – and your bank account. Our outsourced bookkeeping service is customised to each individual clients needs. You’ll always know in advance how much work we’ll be doing and the cost of it. Our services have fixed fee to avoid any surprises. Customised service can include accountant working in your office if needed, in addition to inserting documents to accounting program also preparing payments in bank system, preparing management reports or group reporting packages to th parent company in abroad, online accounting so that all communication is done electronically or just one-time preparing of annual report for Company Register. Communication can be done in English without having to use extra translation costs.

In addition to offering accounting services in Estonia we also offer wide range of other services you can review below.

Bookkeeping and accounting

Our bookkeeping service keeps your accounts in order and prepares them for your year end. How does it work? It couldn’t be simpler. We take care of your day to day bookkeeping work that depending on your needs can include inserting transactions to accounting system, preparing sales invoices, sending reminder letters to customers, preparing payments in e-banking system, electronic data transmission to Tax Board, Statistical Board and Estonian Bank.

Our fixed bookkeeping fee includes free use of accounting program (we use Merit Aktiva in cloud, which enables uploading bank transactions from Estonian banks automatically – that means less bookkeeping work and smaller fees). We also do bookkeeping on the client software – our accountants have experience with Navision, Axapta, SAP, Directo, Hansa etc. We also have experience with Oracle HFM.

As well as taking care of your day to day bookkeeping work, we’re also on hand to offer advice on how to improve your processes and interpret the reports we provide.

You can find many other bookkeeping firm in Tallinn but Simply Accounting is different from others – our accounting service includes free consultations for up to 5h about taxes, accounting or finance. We also help with company formation free of charge if you choose to take accounting services from us!

Payroll services

We use payroll calculation software which calculate salaries and vacation pay for your employees in efficient way. We also offer additional services – for example calculation of variable pay – for example sales bonuses for sales people; and preparing and sending pay slips for employees. We will guarantee that all employees will be registered in Employee Register in Tax Board system and unregistered when the employment ends.

We also help with preparing employment contracts and advise with employment laws.

Tax declarations

We submit your VAT and income tax/social tax declarations in Tax system in required deadlines. We also help with tax returns and communication with Tax Authorities, including VAT registration. Our consultants help you make business decisions so that you can avoid any tax risks.

Call to best bookkeeping firm in Tallinn – Simply Accounting – now!