Accounting services
What does the monthly service look like?
- 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.
How to enter into an accounting contract?
01 You send us a request. We ask you clarifying questions to understand your needs.
02 After receiving the information, we send you a price offer. If the offer suits you, we draft the contract and send it to you along with the "Know Your Client" form.
03 You send us a signed contract and a completed and signed "Know Your Client" form.
04 We send you guidelines on how to work, to generate invoices, to run a business on behalf an Estonian company, etc.
05 We give you access to a personal account so you can create invoices for your clients, and upload the documents you need for accounting reports.
Nola Accounting
To optimize and automate accounting services we use our own software.
The client does not need to send documents by email, all documents for the previous month are uploaded in the personal area of Nola Accounting.
You can also add a comment to the uploaded files for the accountant.
For the accountant, our software allows to speed up the processing and entry of primary documents, as well as to automate the process of linking documents to the bank statement.
The application is constantly updated and more new features are available to the client.
