Best Accounting Software in Estonia for e-Residents 2025!
A lot of entrepreneurs ask me: What is the best accounting software in Estonia? π€ The truth is, thereβs no one-size-fits-all answer to this question. Every business is unique, and the best solution depends on several factors, such as your company’s size, industry, monthly budget π°, and the specific features you need.
For some, ease of use and affordability might be the top priority β , while others may require advanced functionalities like payroll management π©βπ», inventory tracking π¦, or multi-currency support π±. Additionally, many Estonian businesses value software that complies with local tax regulations and integrates seamlessly with the countryβs digital ecosystem πͺπͺ.
In this article, Iβll walk you through the 10 best accounting software options in Estonia π, highlighting their key features, pricing, and who theyβre best suited for. Whether youβre a startup π, small business π’, or a growing company π, this guide will help you make an informed choice.
#1 SimplBooks – Accounting Software with easy imports
An online accounting software offering features like salary management, warehouse accounting, and comprehensive reporting. It allows both clients and accountants to access the same data and supports user permissions.
π Key Features of SimplBooks Accounting Software
π¦ Bank Integration β Connects with major Estonian banks (Coop, Swedbank, SEB, LHV) for automatic bank transaction imports, reducing manual work.
π Electronic Invoicing β Supports e-invoicing with Telema, Envoice, Omniva, and Costpocket for smooth invoice processing and document exchange.
π Easy Tax Filing β Enables seamless tax reporting and VAT declaration to tax authorities, ensuring compliance.
π Expense & Invoice Management β Simplifies financial tracking, expense recording, and invoice automation for businesses.
π₯οΈ User-Friendly Interface β Designed for simplicity, making accounting tasks, bookkeeping, and financial reporting easy for all skill levels.
π Cloud-Based Accounting β Access your accounting data securely from anywhere, anytime.
πΌ Small Business Accounting β Ideal for entrepreneurs, freelancers, and small businesses looking for an efficient accounting solution.
#2 Merit Aktiva – for entrepreneurs and accountants
A cloud-based accounting software designed for both accountants and entrepreneurs. It offers automated solutions to enhance efficiency and supports seamless data sharing among colleagues.
π Key Features of Merit AktivaΒ
π Cloud-Based Accessibility β Access your accounting data securely from any device with internet access, allowing for flexible work environments.
π Integration with Third-Party Applications β Seamlessly sync with various apps and services to enhance business efficiency.
π Comprehensive Reporting β Generate detailed financial reports to gain insights into your business performance.
π Data Security β Benefit from bank-level security measures to ensure your financial information remains protected.
π Free Trial Package β Experience all premium features for up to 6 months, with the ability to enter up to 100 sales invoices, 100 purchase invoices, and 100 ledger entries.
These features, along with those previously mentioned, make Merit Aktiva a versatile and user-friendly accounting solution suitable for various business needs.
#3 SmartAccounts – For Accountants, Difficult for Beginners!!
An online accounting program that provides tools to record income and expenses, generate invoices, and manage financial transactions.
π Key Features of SmartAccounts program
π Invoice Creation β Easily create and send invoices directly from SmartAccounts, with customizable PDF templates to suit your business needs.
π¦ Purchase Management β Efficiently manage your purchases, including the ability to copy recurring purchase invoices for convenience.
π Financial Reporting β Access comprehensive financial reports, including balance sheets, income statements, and cash flow statements, along with several additional reports for detailed insights.
π’ Fixed Asset Management β Conveniently manage fixed assets with built-in features, including depreciation reports.
π Inventory Tracking β Keep track of your inventory with ease, ensuring accurate stock levels and efficient management.
πΌ Payroll Calculation β Calculate salaries and manage payroll processes seamlessly within the software.
π Integration Capabilities β Integrate SmartAccounts with various platforms, including online stores and business management software, to enhance business efficiency.
π§ E-Invoicing β Send and receive e-invoices efficiently, reducing manual data entry and streamlining your invoicing process.
π± User-Friendly Interface β Designed for simplicity and ease of use, making accounting tasks straightforward even for users without an accounting background.
#4 Freshbooks – Invoicing software for EU entrepreneurs
FreshBooks is a cloud-based accounting software tailored for small and medium-sized businesses, offering a comprehensive suite of tools to streamline financial management. Its user-friendly interface and robust features make it a popular choice among entrepreneurs seeking efficient accounting solutions.
Founded in 2004 and headquartered in Toronto, Canada, FreshBooks offers a comprehensive suite of features designed to streamline financial management tasks.
π Key Features of SmartAccounts program
π Time Tracking β Monitor billable hours with an integrated timer, ensuring accurate client billing.
π³ Online Payments β Accept credit card payments directly through invoices, streamlining the payment process.
π± Mobile Accessibility β Manage your accounting tasks on the go with FreshBooks’ mobile app, available for iOS and Android devices.
π Third-Party Integrations β Connect with various applications, including PayPal, Stripe, and G Suite, to enhance business operations
#5 ErplyBooks
ERPLY Books is a comprehensive accounting software tailored for small and medium-sized businesses, particularly in the retail and e-commerce sectors. It offers a range of features designed to streamline financial management and enhance operational efficiency.
π Time Tracking β Monitor billable hours with an integrated timer, ensuring accurate client billing.
π³ Online Payments β Accept credit card payments directly through invoices, streamlining the payment process.
π± Mobile Accessibility β Manage your accounting tasks on the go with FreshBooks’ mobile app, available for iOS and Android devices.
π Third-Party Integrations β Connect with various applications, including PayPal, Stripe, and G Suite, to enhance business operations.
#6 e-Financials – The simplest accounting software I ever saw!
e-Financials is a user-friendly, web-based accounting software developed by the Centre of Registers and Information Systems in Estonia. It is designed to assist small enterprises and startups in managing their bookkeeping efficiently. Accessible through the e-Business Register portal, both entrepreneurs and authorized individuals, such as accountants, can utilize the software. The platform offers a comprehensive suite of features tailored to streamline financial management tasks
π Key Features of e-Financials
π Real-time Financial Data
Access up-to-date financial information anytime, allowing businesses to make data-driven decisions.π» Cloud-Based Platform
E-Financials operate on the cloud, providing flexibility and remote access from any device, anywhere.π Automated Accounting
Automates tasks like invoicing, billing, and transaction recording, reducing human error and improving efficiency.π Data Security
Strong encryption protocols ensure that financial data is securely stored and protected from unauthorized access.π Financial Reporting Tools
Generate detailed financial reports, including balance sheets, profit and loss statements, and cash flow analysis.π‘ Integrated Analytics
Built-in analytics tools help businesses monitor their financial health and identify areas for improvement.βοΈ Customization
The platform can be tailored to suit the specific needs of businesses, whether small startups or large enterprises.π± Mobile-Friendly
Optimized for mobile devices, allowing users to track and manage finances on-the-go.
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