The holiday pay must be paid to the employee no later than on the penultimate working day before the start of the holiday. By mutual agreement of the parties, the holiday pay may also be paid to the employee on the next pay day, but...
When using an accounting software, some aspects may sometimes go unnoticed, which allows to significantly save time and make work easier. In this blog post, we outline the points to keep in mind when using the software so that the necessary actions can be performed...
Seems to be self-evident. The theme was established due to the experience at the market of the accounting software and the users’ feedback. Namely, in the introductions of the computer-based accounting softwares one could notice the words like “simple” or “no accounting skills required” etc....
Why should I need a bank interface? Because it’s free, and for a medium-sized company, you win up to 5 hours a month. As a smaller entrepreneur, you win about 1 hour a month. * PS: SwedBank and LHV interfaces are free of charge. The SEB...
In Estonia value added tax is a state tax collected by the Tax and Customs Board. Estonia regulates the value added tax by the Value Added Tax Act. The rate of the value added tax in Estonia is 20% of the value of the taxable...
Accounting entities are required to prepare annual financial statements for the economic year ended. The annual report in Estonia is normally submitted in January-June. The managerial report is a part of the annual report prepared by the company management board. The requirements for the managerial...
At the end of January, webinars on data-based reporting and accounting were held in Estonian and English as part of the IoB follow-up project. The aim of the IoB follow-up project, which started a year ago, is to develop a standard for information on economic...
SimplBooks LLC, which has been operating for almost ten years, received the recognition of a successful Estonian company from Creditinfo for its stable growth and reliable credit assessment. The 11-member team develops SimplBooks, a web-based accounting software for accountants and entrepreneurs. Today SimplBooks has...
In Estonia, the accounting entity is the state, a local government unit, any legal person in private or public law registered in Estonia, a sole proprietor or a branch of a foreign company registered in Estonia. The state organizes its accounting through state accounting entities...
It is a good idea to change the accounting software at the turn of the year. The exchange of the software may be uncomfortable and time-consuming; especially if it is performed in the middle of the year. The reason is primarily the complexity of transferring...
