Bookkeeping ​Service in Estonia

Who We Are

Sol Accounting is a leading accounting company in Estonia that provides professional bookkeeping services to both small and medium-sized businesses across the country. Our team of highly professional and experienced accountants, bookkeepers, auditors, payroll clerks, and tax experts are responsible for the management and administration of our clients’ financial matters. 

We provide customized services for any small or medium-sized company looking for accounting and bookkeeping services from an experienced accountant in Estonia. We’ll gladly help you with all the information you need on your company’s taxation and financial management issues. 

​As an experienced small business accounting Estonia firm, Sol Accounting provides financial and accounting services to SMEs, FIE, unions, and legal persons in Tallinn and the rest of the country. We’ll provide you with practical solutions to any concern that you may have about your company’s daily accounting and financial needs. We are not only the best in the bookkeeping business but the quickest and most reasonably priced bookkeepers too. 

At Sol Accounting you are guaranteed of the following:

• High-quality bookkeeping, accounting, tax, and other financial services
• Accurate income tax and VAT calculations for your business
• Reliable payments, invoicing, reporting, and control services
• Preparation of your company’s financial accounts for auditing
• Filing of annual reports to the authorities
• Leverage on the skills, knowledge, and experience of a professional team of accountants
• The best prices for financial and tax services
• Fast professional service that meets your deadlines
• 24/7 friendly customer support

Creating Value for Our Customers



At Sol Accounting, we believe in creating value for our clients by constantly improving their financial administrative process which has a major bearing on the daily operations of their companies. We work with private limited companies too. 

We work in close cooperation with business owners and the management to create a safe and smooth working process that ensures your business meets its goals. We’ll find and contact any other professional that your business might need along the way such as the best auditors, lawyers, and the local authority. If you are planning to start a new company in Estonia, we’ll advise you on every aspect of the process including the best company structure to build and everything needed to give your new company the smoothest take-off possible. 

Our Wide Range of Bookkeeping and Accounting Services

Our experienced professional accounting and bookkeeping experts are ready to provide you with high-quality services in the following areas:​

• Accounting and bookkeeping services for an Estonian-based entity
• Professional payroll services
• Tax consultation and financial planning services
• Personal account management with expert accountants available for you on working hours
• Causal reports and VAT reports for tax authorities
• Company audit services
• Preparation and submission of corporate tax and annual accounts to the tax authorities
• Communicating with the Estonian authorities and your customers and partners
• Use of Merit Aktiva and HANSARAAMA accounting software
• Services available in multiple languages including English and Estonian
  

Comprehensive Accounting Services 

We also provide comprehensive accounting services that cover everything your company needs to manage its finances effectively including all aspects of bookkeeping such as purchases, sales, bank statements, general ledger accounting, and fixed assets accounting, tax declarations, payroll management, customized management reports, and preparation of bank payments just to mention a few. 

We’ll even help you to communicate with external auditors and tax authorities. We have dedicated accountants ready to work with your accounting department to ensure that your bookkeeping is always on point.

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Financial Analysis Services

If you are looking for the most professional way to get a better insight into your company’s performance and financial results, you can count on our experience and expertise to provide you with the most accurate financial analysis for your business. We’ll prepare accurate financial analyses based on your company’s unique circumstances. The key objective of a financial analysis is to measure your company’s performance, efficiency, and profitability. The analysis helps to assess the current situation of your business and determine how its financial position can be improved. 

Management Accounting Services​

At Sol Accounting, we also provide management accounting services, which deal with the preparation and interpretation of financial accounting data and reports for the company’s managers. Management accounting includes factors such as cost calculation and optimization of inventory. With the right analysis of the company’s financial position, the managers can work out ways to remove obstacles and enhance the company’s operational planning. 

Payroll and Personnel Accounting Services​

You can depend on our payroll and personnel accounting experience and expertise to manage all the financial activities associated with your employees such as payroll preparation and management, employee personal data management, leave records, liaising with the Health Insurance Fund, and much more. 

Use of Accounting Software

Our accounting and bookkeeping professionals at Sol Accounting are experts in all the latest accounting software including EEVA, Merit Aktiva, Quickbooks, SimplBooks and HANSARAAMA accounting software just to mention a few. We’ll work with your preferred accounting software. ​

Online Accounting Services

We are an expert online accounting firm with the capability to adjust your company’s accounts with our software programs to provide you with reports and results in real time. Our online bookkeeping services are designed to provide a simple and effective solution for the business owner who loves mobility. It also ensures easier and faster business operations.

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Our cloud-based accounting services ensures that your bookkeeping processes run smoother, more securely, and faster because all the important data is safely stored in a protected server and is regularly backed up. You can access your financial reports anywhere and anytime you want to via your PC or mobile device. Our team of online bookkeeping professionals uses a cloud-based Merit-Aktiva accounting system.

Setting Up a New Business in Estonia

We also provide professional assistance to clients interested in setting up a new company in Estonia. We’ll help you launch your new company in Estonia with all the basic operation needs and requirements to set up a company in the country.

Customized Accounting Services​

We are very flexible and provide you with a choice of outsourcing to us either all of your accounting services or choose particular tasks that you need us to take care of. This flexibility allows you to choose the tasks you prefer to handle in-house and which tasks you want to outsource. For instance, you may choose to outsource to us tasks such as payroll, month-end closing, sales accounting, and reporting to us and let your in-house team handle the rest. 

Let us make your bookkeeping and accounting easier and more efficient. Contact us today to schedule a free consultation.

Small and Medium-Sized Business Accounting Estonia 

Is your Estonia-based business expanding and requiring a higher level of accounting and bookkeeping? At Sol Accounting, we understand the importance of profitable growth and the need to outsource accounting services when your business grows. We also understand the importance of conducting extensive market research when you are planning to open new branches elsewhere. 

However, to get the best return on investment you'll need to structure your business growth and expansion in the most tax-efficient way while complying with more complex auditing and accounting standards. 

This is why we provide the following accounting services for both domestic and international companies opening branches in Estonia: ​

• Advanced bookkeeping and accounting services 
• Preparation of annual accounts 
• Payments and invoicing 
• Monthly financial statements such as balance sheet and income statement 
• Monthly reconciliation 
• Income and tax returns 
• Payroll services 

We also provide value added tax (VAT) services including the following:

• VAT registration
• VAT declarations and returns 
• VAT claim management 
• And much more 
• ​We also help our clients to prepare annual accounts for their company's annual audits.

Bookkeeping Services for Single Business Owners 

Taxes are naturally a personal issue and whether you run a business as an executive or owner, high-net-worth individual, or a retired business executive, you will need concrete advice on how to manage the complex maze of taxation. The goal is to ensure that you are always minimizing your tax liability for the present and the future. 

We will help you achieve this goal in the following ways: 

• Preparing your companies income tax returns based on available jurisdictions 
• Preparing gift tax and estate tax returns 
• Creating accurate tax projections to help you manage cash flow and find better planning opportunities.​

​Contact us today to learn more about our income tax management services. 

Why Choose Our Bookkeeping and Accounting Services 

Here are a few reasons why Sol Accounting is your go-to company for all your accounting and bookkeeping needs:

• We specialize in providing high-quality accounting and bookkeeping services in Estonia 
• We provide a free initial consultation in which will understand your business and come up with the best solutions to your accounting needs. 
• We provide you with market-specific expertise and practical advice on financial matters including payroll outsourcing, taxation, annual audits, reporting, and much more. 
• Your company's data is always secure with us. We provide cloud-based accounting which comes with the latest security features built in the servers we use to ensure that your company's data remains safe at all times. You can also securely access your information anywhere anytime using any Internet-enabled device. 
• We are dedicated to your success. Our professional accountants will gladly assist you in identifying areas where you need to focus more attention on, reduce costs, and possibly automate your business operations. We'll provide you with insights and accurate Financial Reporting to ensure that everything is done right.
• We provide flexible services and our bookkeeping experts are always ready to use your preferred accounting software in your preferred language, whether English or Estonian.
• When you outsource bookkeeping services to us, we will help you achieve significant savings in the cost of running your business. For instance, we will save you the cost of recruiting professional accountants, costs incurred when you have to replace your in-house accountants due to illnesses or maternity leave, cost of training your accountant on the latest bookkeeping practices, and the cost of buying new tools and equipment as technology evolves. 
• We provide affordable outsourced accounting services that suit your needs and budget. We don't provide a one-size-fits-all solution but rather focus on customizing our services to suit each client's unique needs. We provide you with an accurate quotation to let you know in advance how much the outsourced bookkeeping service will cost. 
• We also use automation in our accounting and bookkeeping services which helps to keep our services cost-effective and eco-friendly. 
• We have a friendly and 24/7 active customer support team fluent in English and other languages. 

Besides accounting and bookkeeping services, our company also provides other services such as setting up a new company in Estonia and much more. 

We’ll help you to: 

• Open a new business in Estonia 
• Help you with e-residency company formation 
• Keep your accounting and bookkeeping updated with the changing legal requirements 
• Handle all the accounting and reporting needs of your business