Accounting for Estonian startups
Exclusive offer for startups in Estonia
Switch to the Nola Startup plan and get your first month of service for free.
For members of the Estonian Startup Community. We’ll help with onboarding and a review of your business structure to support fundraising for your startup.
What is included in the price?
This plan is suitable for a growing company with a VAT number.
- Legal address
- Contact person
- Annual report
- Invoice generator
- Monthly accounting
- Payroll calculation
- Multicurrency
69 €/month
A separate charge of €3.50 + VAT for the use of accounting software will be added to the monthly invoice.
How does a monthly accounting service work?
- DAYS1–3
Bank statement upload
The accountant uploads the bank statement into the system and checks it for salary and dividend payments.
- DAYS4–10
Payroll calculation
If the company has employees or dividends were paid, the accountant runs payroll, calculates taxes, and files the TSD payroll return.
- DAYS8–10
Document reminder
The accountant requests any missing invoices, receipts, completion certificates, contracts, and other source documents.
- DAYS11–15
Processing invoices and bank transactions
The accountant processes source documents, matches them to bank transactions, and reviews them under our internal control procedures.
- DAYS16–20
VAT review and KMD filing
The chief accountant reviews the VAT calculation, confirms it, and files the KMD return.
- DAYS21–31
Month closed
The chief accountant posts closing entries. Reports are ready, everything is recorded — on to the next month.
Frequently Asked Questions
The Nola Startup plan is designed for active startups. For €69 per month + VAT you get:
- legal address and contact person;
- Preparing and filing the annual report
- Monthly accounting
- invoice generator — unlimited sales;
- Accounting for up to 30 expense invoices per month;
- up to 3 bank or fintech accounts;
- VAT returns (KMD, VD) and OSS services;
- multicurrency;
- payroll calculation for 1 employee in Estonia;
A separate charge of €3.50 + VAT for the use of accounting software will be added to the monthly invoice.
Still have any questions?
If you have any doubts or want to clarify something, please contact us.