Virtual Office FAQ

Accounting (2)

During the contractual period, it is the duty of the accountant to provide accounting services in compliance with applicable laws, including the responsibility of maintaining accurate accounting records.

Upon the contract’s termination, the contracting entity reserves the right to request the retention or return of all relevant documents, effectively transferring the obligation of document retention to the contracting entity.

Regarding the specific service that we offer, raw data is securely stored in web-based accounting software, which enables all parties to access, verify and download the information.

Category: Accounting
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The law establishes what data must be present on the invoice so that it complies with the Estonian Accounting Legislation.

The following information needs to be written on invoices:

  • Title (e.g. “Invoice” or similar)
  • Invoice number
  • Date of issue
  • Description of goods or services purchased
  • Numerical data (amount, price of a unit, total sum)
  • Names of the seller and buyer
  • Addresses of the seller and buyer
  • Seller’s company registration number
  • Seller’s VAT number (in case the seller has it)

There are certain restrictions for source documents, take a look at information about requirements.

Category: Accounting
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