--- title: Accounting service date: 2022-03-01T07:32:16Z modified: 2026-09-04T08:25:36Z permalink: &quot;https://grow.ee/raamatupidamisteenus/&quot; type: page status: publish excerpt: &quot;&quot; wpid: 7226 timestamp: 2026-09-04T08:25:36Z tags: [] --- ![Accounting service](https://grow.ee/wp-content/uploads/2024/05/Arianaluutika-2-720x480.jpg) # ACCOUNTING SERVICE A quality accounting service gives the company a regular overview of income, expenses and balance sheet, and it is this information that helps to make the right management decisions. Grow Finance&#039;s accounting service offers peace of mind that allows you to dedicate yourself to achieving your goals. [ Contact us ](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/vota-meiega-uhendust.md) ## ## Why choose the accounting service offered by Grow Finance? Proper organization of accounting is one of the cornerstones of every company and [e-resident](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/e-residentsus.md), not only because of the obligation arising from the law, but also because financial data are important indicators in the analysis of the company&#039;s overall development. A monthly overview of receipts, invoices, variable costs and balance sheet allows you to decide on the future course of the company and make the right management decisions. Professionals can think along with you, advise on the company&#039;s financial situation, justify whether the costs are necessary or not, make financial forecasts and [advise you on tax issues](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/maksunoustamine.md). Constant legal changes, extensive experience, knowledge of labor laws and advanced use of accounting software ensure top-level and professional service. **Talk to our financial expert** [ CONTACT US ](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/vota-meiega-uhendust.md) - Grow Finance&#039;s goal is to provide your company with the best and most versatile high-quality accounting service, supported by its membership in the international financial services association GGI Alliance. - As the first 100% paperless accounting company in Estonia, we can confidently call ourselves a future-oriented, innovative company. - The quality of accounting and financial services provided by Grow Finance is always professional, based on best practices, extensive experience and extensive knowledge. - Grow Finance makes managing your company&#039;s finances easy and convenient and contributes to the growth of your business. ![accounting](https://grow.ee/wp-content/uploads/2024/02/cfo-as-a-service-pic-1.jpg) ### Successful business --- In our current world, the focus of the future is on successful entrepreneurship. In addition to skillful business operations, smart accounting and quick decision-making are also important for achieving consistent success. ### Competent accounting team --- We take care of your finances. A well-organized accounting service gives business managers the opportunity to see what is happening both inside and around the company. ### Accounting as a tool --- Properly systematized accounting makes costs transparent, allowing you to distinguish insignificant costs from significant ones and notice inefficient activities. ## **Accounting services for companies of all sizes** Careful and accurate organization of accounting is the foundation of the financial health of both companies and [e-residents](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/e-residentsus.md). This is not only due to legal requirements, but also to the need to understand your company&#039;s financial situation, which plays a critical role in assessing the company&#039;s development. Regular reporting on income, expenses, variable costs and the balance sheet provides the necessary information that helps shape the company&#039;s future and make strategic management decisions. That is why it is important to make a decision at this point whether to do your own accounting or choose an accounting service. ## **Additional services in addition to standard accounting** Our team offers a wide range of additional services in addition to managing the main activities of the accounting service. ### **Document management** We ensure the correct storage and archiving of documents. ### **Wage accounting** We deal with the calculation of [salary](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/palgarevestused.md)-, bonuses, and vacation pay. ### **Sick leave and vacation accounting** We take on the calculation of employees&#039; sick days and vacation reserves. ### **Information exchange with the Tax Board** We act as an intermediary between the company and the Tax Board. ### **Coordination with the Health Insurance Fund** We help you with the procedures related to the Health Insurance Fund. ## **We make your business even smoother** ### **Reports with important indicators** We send you a monthly report, providing a quick and valuable overview of your company&#039;s current situation. ### **We simplify your visit to us** We help you organize the accounting of previous periods if necessary. ### **Advice and support** We answer any questions you may have quickly and offer expert [assistance also in legal matters](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/juriidiline-noustamine.md). ### **Business consulting** We provide advice on the financial activities of a company, including [capital raising](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/kapitali-kaasamine.md) and company mergers. If necessary, we help assess whether the costs are necessary for the company and prepare financial forecasts that support your decisions. ### **VAT registration** We help with registration and other procedures to ensure that VAT is paid correctly. ### **Preparation and submission of the annual report** We prepare and submit the annual report, the legal deadline of which is six months after the end of the financial year. The professional accounting services provided by the Grow Finance team are designed to manage the cash flow of a company of any size and support the development of the company, while being available to you for any questions. Among other things, we also help with preparing the annual report. ## **Accounting for LLCs that don&#039;t want to do it themselves** Many business owners could handle accounting independently, but they don&#039;t want to spend their time on entering invoices, filing declarations and monitoring legal changes. Dealing with numbers and deadlines is not what a company was created for, and they want to use this time to develop their customers, product or team. Accounting as a service is a sensible choice for such LLCs. Grow Finance takes this worry off your shoulders. You don&#039;t have to familiarize yourself with accounting programs or keep track of when the next declaration is due: our team takes care of deadlines, legal changes and reporting, so you can focus on what is really important for your company. ## **When to hire an accounting service?** ### **Self-employed accounting** A small business owner can often handle accounting well on their own, especially if they have an education in accounting or economics. Accounting consultation or participation in training helps to create clarity and may be completely sufficient to get a clear overview and fulfill their own small business accounting obligations. What to consider when doing accounting independently: - invoices must contain correct data; - as a VAT payer, you need to know when to declare turnover; - if you have employees, payroll is added: social tax, income tax, unemployment insurance and funded pension must be calculated correctly and declared on the TSD form; - you need to keep an eye on bank account and cash balances and fixed assets with depreciation; - the annual report must be submitted within six months of the end of the financial year, which makes it easier to keep documents in order throughout the year. With all this, it is important to understand that [accounting](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/raamatupidamine.md) requires great attention to detail and thoroughness, and as the company grows, it can become more complex. ### **Outsourcing accounting services** As your company expands and accounting tasks become more complex, it is a good time to consider whether to outsource accounting services or continue independently. This allows you to focus on expanding your company and other important strategic tasks. By trusting accounting professionals, you can be confident that your financial accounting and tax obligations will be fulfilled correctly. Outsourcing accounting services can make sense if: - your main priority is growing your company and optimizing resources; - the complexity of your company requires the use of additional accounting skills and software; - there is a need for international expansion and knowledge of tax laws in different countries; - you deal with large amounts of money and need the confidence that all financial transactions are correct. By using a professional accounting service, you can reduce risks and ensure that financial reporting is reliable. Hiring professionals allows you to use tax breaks more effectively and provides a point of reference for solving more complex financial issues. Although you may have decided to take care of your accounting yourself, it may still be useful to consult with an expert accountant to get a better overview of the legal requirements and necessary procedures and to ask for advice if necessary. However, if you prefer to entrust your accounting work to an experienced accountant, Grow Finance offers you its support! [ LEARN ABOUT PACKAGES ](https://grow.ee/services/raamatupidamisteenuse_paketid/)## Online accounting is a modern and paperless solution Grow is the first 100% paperless accounting office in Estonia and online accounting is the basis of our work. All documents are transferred digitally, so neither you nor our team have to deal with lost or worn-out checks. You can send us invoices digitally and the data will reach us instantly from anywhere in the world and reports will be completed faster. The data is stored securely, which reduces the risk of anything getting lost. Online accounting is especially suitable for e-residents and entrepreneurs operating in more than one country who do not have a physical office in Estonia, but who still need reliable and legally compliant accounting. ## Accounting service as a contribution to the development of your company When it comes to organizing accounting, it seems like an eternal dilemma that is discussed year after year. Should you buy an accounting service into the company or hire your own accountant? Which is more affordable? Can the service be personal enough? There are many more questions, but the fact is that **a good accounting service contributes to the success of the company and is also cost-effective**. ### 5 reasons why an accounting service is a good choice But, as we know, repetition is the mother of wisdom and **we will once again highlight five reasons** why you should give up the idea of hiring a separate accountant for your company. 1. **Supervision of accounting**. By outsourcing the service, it is guaranteed that a team of professionals will handle your company&#039;s accounting. In this way, even the smallest errors can be quickly found and control over all accounting is ensured. 2. **More affordable**. When you consider that you need to pay an accountant a monthly salary and also pay for his frequent training (accounting changes very quickly), it is clear that outsourcing the service is significantly more affordable. 3. **More flexible**. Every accountant has his own strengths and weaknesses. However, when you order the service, you get the knowledge of the entire team. In addition, you can order exactly what you need from the services (and in a suitable volume). 4. **Broader opportunities and knowledge**. As already mentioned, thanks to a large team, the knowledge of many specialists is guaranteed. In this way, you get the skills of an accountant who is up to date with several specific fields and all new laws in one affordable and flexible service. 5. **Readiness for the rapid growth of your small business**. With a flexible service, you can initially order a "minimum package" and supplement it over time. A good accountant grows with the company – providing the company with the necessary information to make the right decisions. In conclusion, it can be safely stated that **successful companies** should outsource accounting as a service. This applies to both larger and smaller companies and should be taken into account when creating a company. ### Grow offers a service for the modern entrepreneur Grow is constantly working to ensure that our accountants keep up with the times. **We see ourselves as pioneers in our field** and are the first 100% paperless accounting office in Estonia. If you too would like to be part of the future-oriented _online_ accounting today, contact us via our [homepage](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/kontakt.md#gform_1), send an e-mail to <info@grow.ee> või hoopis helista numbril 5629 3090!