Top 8: Accounting Software for Eastern Europe

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.

Lithuanian website builder Site.pro has introduced its own online accounting system for small business and self-employed individuals. It's simple and user-friendly, allows you to learn accounting as you go and can sync with external systems, cash registers, online store platforms (Shopify, Adobe Commerce), e-commerce portals (eBay, Amazon, Etsy), and, of course, with the native Site.pro website builder. It also features automatic invoice recognition (including custom ones), invoicing with your logo and modules for accounting for manufacturing, trade, services and other companies. Different access rights can be configured for different users (accountant, CEO, employees). The developers claim the service is suitable for various types of businesses and countries.

Accounting service Knopka has entered the Armenian market and plans further expansion. The service's specialists handle bookkeeping, resolve legal issues, manage current accounts, and fulfill client orders. Knopka's functionality includes accounting, tax, and personnel records; reporting to government agencies; management accounting; legal support; and assistance with business tasks: finding suppliers and contractors, working with banks, preparing tender documentation, and much more. Services can be purchased as a package or limited to accounting only. The service also plans to launch online accounting in Kazakhstan and Georgia, but only if the launch in Armenia is successful. The company currently employs approximately 200 people.

A new version of the Contabilizare 4.0.128 accounting system has been released on the 1C:Enterprise 8 platform. It features a new printable form for the Timesheet. This printable form is generated from the Timesheet Registrar document. The reason for absence and the number of days are populated based on data from the Absences tab or the Absence Registration document (at the User's discretion). To enter the full name of the Human Resources Service employee in the Timesheet Registrar document, the option to specify an Employee with the Human Resources Service type has been added to the Responsible Persons tab. Also, in accordance with Order No. 11 of the Ministry of Labor and Social Protection dated November 12, 2021, a new job catalog CORM 006-2021 was approved and added to the Contabilizare 4.0 solution.

PayTraq developers claim that this cloud-based accounting system has everything small business needs. You'll get full automation of sales, purchasing, inventory control, bookkeeping, fixed assets, financial loans and payroll. All financial data and documents are securely stored in the cloud and are always accessible online. PayPal and credit card support are built-in. PayTraq automatically creates all payment accounting entries, eliminating the need for manual entry. If your business requires regular invoicing, automated invoice sending will help you receive payments faster and save time on invoicing. ERP-level functionality and a simple interface will save you time and allow you to get started quickly. Pricing starts at 20 EUR/month.