Settings -> Environment settings -> Import settings -> Add new import template If you frequently import data, you can create an import template containing the necessary fields for your convenience. In the General settings panel, you can define the technical settings of the import template. Name – the name of […]
Balance statement settings
Settings -> Environment settings -> Balance statement settings The balance statement text is shown to the customer or supplier on the balance statement that is sent out. It can be sent via Partners -> Clients and suppliers -> select the client/supplier and, from the Actions menu, choose either “Send balance […]
Import settings
Settings -> Environment settings -> Import settings For a smooth start, import templates for the bank transactions of some bank have already been preconfigured. You can use these when importing bank transactions via a CSV file. If you use the XML file type, selecting an import template is not necessary. […]
Settings for fixed assets
Settings -> Environment settings -> Settings for fixed assets Check these settings before creating the first fixed asset card. Any changes made here will not affect fixed asset cards that have already been created. There are two options for the beginning of depreciation calculation. In both cases, it is recommended […]
Check of the tax prepayment account
The purpose of account 1520 Prepayment account for taxes in the program is to mirror the transactions shown on the Estonian Tax and Customs Board (EMTA) prepayment account statement. In the Tax Board’s e-service, the statement can be found under Accounting -> Prepayment account statements. In the program, open Accounting […]
Salary tax check
Before submitting the annual report, make sure that the balances of salary taxes (income tax, social tax, unemployment insurance premium and funded pension II pillar) are correct. The tax accounting balances must match the data submitted to the Estonian Tax and Customs Board (EMTA). If you have calculated salaries to […]
VAT statement review process
Before submitting the annual report, it is recommended to also review the VAT statements. If you submit the VAT statement as a file or via an integration to the Estonian Tax and Customs Board (EMTA), the system automatically saves the statement and the period closing entry for the VAT accounts. […]
Warehouse and stocktaking
According to § 15 (3) of the Accounting Act, assets and liabilities must be inventoried at least once a year, before the end of the financial year. This also means you must physically check the inventory items. The goods in the warehouse must be counted to verify whether the actual […]
Fixed asset and assets report
If fixed assets have been recorded in the company, the data should be compared between the balance sheet, profit and loss statement and assets report. If the company has several types of fixed assets, their data will appear on different lines in the balance sheet, depending on the fixed asset […]
Trade creditors and prepayments to suppliers
Always compare the balance sheet and the purchase ledger as of the same date. Compare the total of the “Unpaid purchases balance total” in the purchase ledger with the closing balance of the balance sheet account 2310 Trade creditors. If the balances in the “Total sum” and “Remainder” columns differ […]
