--- title: Accounting date: 2023-12-12T19:35:42Z modified: 2026-09-13T07:16:35Z permalink: "https://grow.ee/teenused/raamatupidamine/" type: page status: publish excerpt: "" wpid: 9708 timestamp: 2026-09-13T07:16:35Z tags: [] --- ![Accounting service](https://grow.ee/wp-content/uploads/2024/05/Arianaluutika-2-720x480.jpg) # **Accounting** **Should you do your company's accounting yourself or hire a service?** If you have the necessary knowledge and accounting is limited to a few transactions, it makes sense to organize your own accounting. Grow Finance's accounting service offers peace of mind that allows you to focus on 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'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 you on the company'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'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'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 work tool --- Properly systematized accounting makes costs transparent, allowing you to distinguish insignificant costs from significant ones and to notice inefficient activities. ## **In addition to daily accounting, we take on the following activities:** - Document storage/archiving - [Payroll](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/palgaravestused.md) - Calculation of additional and holiday pay - Calculation of sick days - Calculation of holiday reserve - Communication with the Tax Board - Communication with the Health Insurance Fund ### **To make running your business even easier** - We provide you with a monthly table with important indicators so that you have an up-to-date overview of your company's progress. Monthly financial indicators provide a quick but good overview of the company's variables. - We help you get started quickly and easily. If necessary, we will organize and review the accounting of previous years. - We will provide quick and professional answers to any questions that arise. Our entire team is there for you. - We advise on [capital raising](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/kapitali-kaasamine.md), mergers and divisions of companies, and we formalize decisions of executive bodies of companies. - We guide you in registering as a VAT payer with the Tax and Customs Board, including helping you conveniently and quickly request a refund of overpaid VAT; - We prepare an annual report. ## **When does it make sense to outsource accounting?** ### **Accounting can also be done independently** Doing accounting for a smaller company is not particularly difficult. A person who has previously studied accounting or economics can probably handle it very well on their own. In fact, there is always the opportunity to use accounting consulting or take training to get a clear picture for themselves. What does an entrepreneur have to take into account when doing accounting independently? - Invoices with correct data must be issued. - Invoices sent and received must be kept in order, and their correct recording gives you a clear picture of where your money is going, how much of it comes into the company and how much goes out. - If you are liable for VAT, you need to know when to declare VAT. - 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. - In addition to current accounting, annual obligations are also important. Bank account and cash balances must match in the accounting, and assets (such as fixed assets and their depreciation) must be reviewed. - An annual report must be prepared, the deadline for preparation of which is six months after the end of the financial year. This means that the documents, receipts and invoices accumulated throughout the year must be in such order that you do not have to look for anything by the time the report is prepared. When deciding to do your own accounting, you should not forget that accounting always needs to be done very thoroughly and carefully and it cannot be done very quickly. It is often difficult to predict when the volume of accounting will increase. As a company grows, accounting also becomes more complex. ### **Outsourcing accounting** Nowadays, the role of an accountant is no longer just to perform accounting. It often happens that entrepreneurs themselves do not know what kind of help they need from an accountant. A good accountant can also give advice and, of course, prepare the necessary forecasts and reports. As a company grows and accounting becomes larger and more complex, it may be wiser to outsource [accounting services](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/raamatupidamisteenus.md). This is precisely because proper accounting takes time. It is also wise to use accounting software. If you entrust your company's accounting to the reliable hands of an experienced accountant, you will avoid the headache of making mistakes in your accounting and having to spend a lot of time correcting them. It is worth outsourcing accounting if: - your main goal is to grow your company. By doing your own accounting, you are wasting valuable time that could be used to expand your business; - your company has grown large enough that the time spent on accounting would be very large. By focusing on your own business, you will help your company more than just by saving money on accounting; - accounting has become more complex, so a professional accountant is a good helper because he or she knows what rules you need to be aware of. Also, if the company is planning to expand, an accountant can help you understand the tax laws of other countries; - the company has to deal with large amounts of money. If you do your company's accounting independently, mistakes can easily occur, and when moving large amounts of money, they can be very expensive. It is important that all transactions are legally declared and obligations are paid. Accounting by professionals helps minimize risks, and the accountant knows how to use tax benefits with maximum efficiency. ### **What next?** Even if you have decided to handle the accounting of your business yourself, it is wise to consult a professional accountant to get a clear picture. However, if you have decided to entrust accounting to an experienced accountant, Grow Finance is here to help you!