Accounting software for Estonia

2026. Online accounting software SmartAccounts gets Pro version



Estonian online accounting service SmartAccounts now offers two pricing plans – Starter and Pro. The Starter plan is designed for new businesses, while the Pro plan is for active companies with higher demands on software functionality. The Pro plan includes several enhancements that help both entrepreneurs and accountants optimize their daily workflows. Specifically, it features automatic reminders for unpaid invoices, convenient purchase invoice preview, expense allocation (which allows for automatic allocation entries in the general ledger). The Pro plan also allows you to upload files up to 10 MB to the "Pending Purchases" page and easily copy and paste information from a document during data entry. Additionally, the Pro plan includes API access, allowing you to connect SmartAccounts to a cost management solution.


2025. NOOM updated its Reports and Finance modules



Estonian enterprise management system NOOM has introduced updates to the Reports, Documents, Finance, Retail, Products, POS, Payment Terminal and Payroll modules. Reports can now include a click-to-link feature. In the Inventory Management section, you can now open a linked document in a table view. In the financial data entry window, when sorting by a text column, uppercase and lowercase letters are now treated as equivalent. In the Retail section, when canceling a document, the discount_id field in the new document was previously not populated. Now it is populated correctly. In the Products section, you can now enable a group tree. Users can now use the new feature of hiding columns and saving column settings.


2023. Merit Aktiva added new VAT rates and a VAT declaration form



As of January 1, 2024, the standard VAT rate in Estonia is 22% instead of the previous 20%. New VAT rates and VAT declaration form have been added to the popular accounting program Merit Aktiva. VAT rates can be changed by each user at their convenience in the lists of product items in the sales, purchases, inventory, recurring invoices, chart of accounts, and fixed asset groups menus. After changing the VAT rate, a 22% VAT rate is automatically suggested when entering a new document, but you can select 20% if necessary. The amounts in recurring invoices will be recalculated when the VAT rate is changed. Therefore, change the VAT rate on recurring invoices only after all sales invoices for 2023 have been created. The program will recalculate the amounts in recurring invoices when the VAT rate is changed. In the chart of accounts, changing the VAT rate does not change the names of accounting accounts.

2022. Estonia's Scoro named SaaS Company of the Year at the 2022 Global Business Tech Awards



Scoro, Estonian online work management platform for agencies, consulting firms and professional services firms, won in two categories at The Global Business Tech Awards. The company was awarded Tech Company of the Year, and Scoro CEO and founder Fred Krieger was named Entrepreneur of the Year. The judges also awarded Scoro one of the evening's four silver medals in the SaaS Company of the Year category. Scoro was praised for its positive customer feedback, which demonstrates that after implementing the system, clients truly experience improvements in many business processes, saving time and money.


2020. Standard Books is now available in Latvia



Standard Books, the business management and accounting software from the Estonian company Excellent, is now available to companies in Latvia. According to the developers, many Estonian companies (users of the system) also operate in Latvia and have long wanted their Latvian subsidiaries to be able to manage their operations there using Standard Books. Nearly 200 companies in Latvia already use the larger part of the same business software family, Standard ERP. Naturally, Standard ERP and Standard Books in Latvia are natively Latvian and utilize all the features and modules developed in Estonia. Excellent has four partner companies in Latvia that assist with implementation and ensure customer satisfaction. Excellent has also launched a Latvian-language website.