Accounting software for small businesses
Invoices, payroll, the VAT return and the annual report, all prepared for filing in VID EDS. No extra features that a small business never needs.
Main features
Everything a small business actually needs
Invoices and VAT
Sales and purchase invoices with correct VAT calculation and PDF export. Read more about how to prepare the VAT return in EDS.
Payroll
Gross and net pay with personal income tax (IIN), social insurance contributions (VSAOI) and the non-taxable minimum. See how payroll is calculated with the current rates.
Returns and reports
The VAT return and the employer's report in EDS, prepared up to the status "Ready for submission".
Annual report
Balance sheet and profit and loss account with an automatic double-entry check.
What a small business really needs from accounting software
Large systems are built for factories and companies with dozens of employees. A small business, a sole trader or a self-employed person usually needs only a few basics: issue an invoice, know how much tax is due and prepare the returns on time. That is what this accounting software for small businesses is for, so the day-to-day work can be done without separate training.
What the software prepares for VID EDS
| Document | When it applies | Filing deadline |
|---|---|---|
| VAT return | VAT-registered businesses | by the 20th of the following month |
| Employer's report | If you have employees | by the 17th of the following month |
| Annual report | Limited companies | within 5 months after the end of the financial year (micro and small companies; for a calendar year, by 31 May), medium and large companies within 7 months |
Always check the exact deadlines and rates on the State Revenue Service (VID) website.
Why software built for Latvia matters
Alternatives such as Jumis, Zalktis or Tildes Jumis are well known, but a small business often misses simplicity and a clear price. Finolto Grāmatvedība is built around one idea: every document is prepared in exactly the format VID requires. You do not have to work out what a field means or worry that the software will "forget" a tax.
How filing in VID EDS works
Documents must be filed in VID EDS manually. The software prepares a document up to the status "Ready for submission" but does not file it for you. You upload or enter the prepared data in the EDS portal yourself. To see how this works in practice, read about data preparation for EDS.
Frequently asked questions
Can I use the software without an accountant?
Yes. The software is designed so that a business owner can issue invoices, calculate payroll and prepare returns on their own. For more complex questions you can bring in an accountant who works in the same system.
Does the software file documents in VID EDS?
No. The software prepares documents up to the status "Ready for submission". You file them in the VID EDS portal yourself, manually.
Is it suitable for the self-employed?
Yes. Self-employed people can issue invoices, record income and expenses and prepare the tax documents they need in the same place.
Can I add team members?
Yes. In the company settings you can add users with different roles, for example an administrator and an accountant, and decide what each of them may do.