What’s the Accounting Routine?
In Estonia, accounting is done monthly, regardless of your sales or revenue, especially when you have VAT. Therefore, our accountants must keep your business's books up to date and submit the appropriate reports to the tax authorities monthly. Still, they cannot do it out of thin air!
At the beginning of the month, they need access to documents from the previous month, namely, the invoices (sales and purchase invoices) and the bank movements (or bank statements) of the business during that month.
Our accountants are good, but they need some information to do your company's accounting. For example, they need to know the invoices, bank movements, transfers, salaries, etc., generated during the accounting period.
At the beginning of the month, they need access to documents from the previous month, namely, the invoices (sales and purchase invoices) and the bank movements (or bank statements) of the business during that month.
Why do I need to do anything? Can't you do that for me?
Our accountants are good, but they need some information to do your company's accounting. For example, they need to know the invoices, bank movements, transfers, salaries, etc., generated during the accounting period.
Updated on: 08/02/2024
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