You provide the documents and information — invoices, bank statements and working time data. I check and record everything, calculate payroll and taxes (VAT, employment taxes and corporate income tax), prepare all required reports and tax returns, as well as the annual report. You can choose the plan that suits you or request an individual price quote.
The indicative price categories below depend on the number of documents, number of employees, types of transactions and the time required for accounting.
For situations that exceed the volumes listed above or involve additional requirements. For example:
If the annual report does not require an audit by a sworn auditor, there is usually no additional charge for preparing it. In some more time-consuming cases, for example, if the company has many business partners or long-term investments, an additional fee may apply for preparing the annual report.
If the annual report requires an audit by a sworn auditor, the fee for preparing the annual report is usually equal to one month's accounting service fee. Communication with the sworn auditor usually requires additional time, as additional documents and information need to be prepared.
The plans above show how the monthly fee scales with volume. If you would like to see what the service itself involves — which tasks are covered, what you need to provide and how the regular monthly routine works — you will find it described on the accounting services page.
The main factor affecting the price is the time required to maintain the accounting records (the number of documents). Other factors that may affect the price include:
In one case, the company carries out uniform and straightforward transactions. No questions arise when recording the transactions, and there is no need for additional analysis of regulations.
In another case, the company carries out various types of transactions (for example, different types of services, electronically supplied services, licence sales and sales of goods). Customers and service recipients include both individuals and legal entities. They are located in Latvia, other European Union member countries and outside the European Union. When recording such transactions, it is necessary to check whether the correct VAT rate has been applied in each case. Various questions may also arise. Finding answers may require analysing legislation, court decisions and explanations issued by the State Revenue Service.
In the second case, the price of accounting services will be higher than in the first case.
In one case, the company regularly (for example, at the beginning of each month) provides (transfers) all documents and necessary information to the accountant. The accountant generally has no questions when recording the documents. There are generally no unclear situations or misunderstandings. The cooperation is predictable.
In another case, the company provides only part of the documents irregularly (after several requests). When recording the transactions, it becomes clear that many invoices are missing. The requested invoices are not provided even after they have been requested. Documents and information are often provided shortly before or even after the deadline for submitting reports and tax returns.
Reports often need to be corrected after submission. An incorrect tax rate has been applied to some transactions. Some salary payments do not correspond to the approved payroll calculations. Company employees relatively often contact the accountant to resolve various issues.
If an issue needs to be resolved urgently, the accountant has to postpone planned work to deal with it. The accountant may also need to contact the company's creditors frequently regarding outstanding debts. Relatively frequent communication with the State Revenue Service may also be necessary to resolve various issues.
In one case, the company has one euro bank account with a Latvian credit institution and no electronic cash registers. Importing and reconciling bank transactions in the accounting system takes relatively little time.
In another case, the company has several accounts at different banks, as well as accounts and payment cards in different payment systems such as Revolut, Wise or PayPal. Transactions are carried out in different currencies. This requires processing statements for each account, calculating exchange rate differences, and reconciling account balances. These factors increase the workload and, consequently, the cost of services. Additional time may also be required if the company operates multiple electronic cash registers or point-of-sale systems.
To calculate the exact cost of services, I need some brief information about the company's activities and the volume of accounting work: the approximate number of invoices and receipts, number of employees, cash registers, fixed assets and vehicles, as well as the company's business sector and geographical scope. Based on this information, I will prepare a price quote.
Sending a request does not create you any obligation.
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