Accounting services

Cost-efficiency: Hiring an accountant in Estonia costs around 1600 euros per month on average. Our priciest plan is four times cheaper than employing an accountant, and our startup accounting plan is 12 times more cost-effective.

Expertise on demand: An in-house accountant provides one person’s expertise, whereas outsourcing to us grants access to our company’s comprehensive accounting knowledge and skills.

Uninterrupted service: In-house accountants require recruitment, training, and can leave gaps when on sick leave or vacation. With our accounting services, your support remains uninterrupted even if a specific accountant is unavailable.

Free company formation and registered office service are provided as part of every monthly accounting plan. This means that regardless of the level or type of accounting plan chosen, these services are included without any additional cost.

In such cases, our regular price list applies:

• 0 – 200 entries per month = 0.78 euros per entry
• 200 or more entries per month = 0.71 euros per entry

According to the Estonian Accounting Act, a micro-enterprise refers to a limited liability company that meets the following criteria on the balance sheet date:

• Total assets up to 175,000 euros
• Liabilities not exceeding equity
• The company has a sole shareholder who also serves as a member of the management board
• Sales revenue for the financial year is up to 50,000 euros

If you require a service that is not included in the plan, we will send you our price list along with a quote in advance. If the offer is suitable, the additional service will be invoiced based on our standard price list.

Consultation services are not included in the monthly accounting plan. However, we do respond to occasional individual questions without issuing a separate invoice.

The cost of accounting services is contingent on the number of accounting documents, such as sales invoices, purchase invoices, receipts, expense documents, and bank statements. In this model, one original document equals one transaction.

A transaction represents an accounting entry made in accounting software to record a single economic transaction. Each transaction comprises multiple entries. For instance, when recording a purchase or sales invoice in accounting software, an average of three entries is generated, two for a bank transaction, and up to 20 for payroll calculations.

The advantage of this pricing method based on the number of entries is its simplicity and transparency. If the client has fewer documents, their invoice will be smaller, and vice versa.

Our registered office service comprises three distinct components:

1. Address service: This service provides you with a physical business address in Estonia. It allows your company to have a professional business address for official purposes, like registration and mail handling (receiving and forwarding), even if you don’t physically operate from that location.
2. Contact person service: This service involves appointing a contact person who serves as a point of contact between your company and the authorities. In some cases it’s mandatory by law in Estonia. The contact person’s role is to receive official documents and notices on behalf of your company and forward them to you promptly.
3. Virtual office service: A virtual office service combines both address and contact person services along with additional features. In addition to a business address and contact person, it includes phone answering and forwarding.

When you order any of our accounting plans, they all include all three components of the registered office service. You can choose either just one of them or all three; all are included in the plan’s price.

You have the option to cancel your subscription to the GrowthGenius and BalanceMaster plans at any time. To facilitate your unsubscribing from the Incorporate service, please provide us with a 30-day notice.

The VisionVault plan is valid for 90 days from the date of subscription. After this period, you have the opportunity to terminate the plan under the same terms as other plans.