Question 1

How much does accounting cost for an Estonian company?

Accepted Answer

Accounting costs vary: Xolo Leap €59-89/month (all-inclusive), Xolo Books €29-39/month (add-on), Local Accountant €150-300/month (traditional), or DIY €0-50/month (software only). Most e-residents choose Xolo Leap for the balance of cost, convenience, and professional support.

Question 2

Xolo Leap vs local accountant - which is better?

Accepted Answer

Xolo Leap is better for freelancers and digital nomads with simple to moderate complexity, offering automated accounting, 24/7 support, and lower costs (€59-89 vs €150-300). Local accountants are better for complex businesses with multiple entities or specialized needs. For 90% of e-residents, Xolo Leap offers better value at half the cost.

Question 3

Can I do my own accounting in Estonia?

Accepted Answer

Yes, but it's challenging. You must maintain proper books, file quarterly tax returns, submit annual reports, and comply with Estonian accounting standards. It requires knowledge of Estonian tax law and 5-10 hours per month. Mistakes can lead to fines and penalties. Most e-residents find Xolo Leap (€59-89/month) worth it for peace of mind.

Question 4

What accounting is legally required in Estonia?

Accepted Answer

Estonian companies must: maintain accurate bookkeeping (7-year retention), file quarterly tax returns by 10th of month, file monthly VAT returns (if registered) by 20th, submit annual report within 6 months of fiscal year end, and file all declarations electronically through e-MTA. All Xolo plans handle these automatically.

Question 5

What's included in the monthly costs for each option?

Accepted Answer

Xolo Leap (€59-89/month) includes company formation, bookkeeping, tax filings, VAT returns, annual report, dedicated accountant, and 24/7 support. Xolo Books (€29-39/month) covers bookkeeping add-on and filings. Local accountants (€150-300/month) provide traditional services with phone support. DIY (€0-50/month) is software subscription only with you handling all compliance.

Question 6

What are the tax filing deadlines in Estonia?

Accepted Answer

Key deadlines: Corporate income tax quarterly by 10th of month (April 10, July 10, Oct 10, Jan 10), VAT returns monthly by 20th, Annual report within 6 months (June 30 for calendar-year companies), Social tax monthly by 10th. Late penalties range €32-3,200 per offense. Xolo handles all deadlines automatically.

Question 7

How do I switch from one accountant to another?

Accepted Answer

Switching accountants requires: (1) Choose new accountant and agree on transition, (2) Request all records from current accountant (bookkeeping, tax returns, financials), (3) Transfer records and grant e-MTA access to new accountant. Best timing is end of quarter or year. Xolo offers free migration assistance.

Question 8

What's the best accounting software for Estonia?

Accepted Answer

Best options: Xolo (recommended all-in-one for e-residents with built-in Estonian compliance), Xero (DIY cloud platform with good multi-currency support), QuickBooks (comprehensive but less popular in Estonia), Merit Aktiva and Directo (local Estonian software). Most e-residents find Xolo Leap (€59-89/month with accountant) more cost-effective than DIY software (€20-50/month) plus learning Estonian tax rules.

Provider	Xolo Leap 🏆 Recommended	Xolo Books	Local Estonian Accountant	DIY with Software
Pricing
Monthly Fee	€59-89/mo Accounting included in plan	€29-39/mo Add-on to Xolo Go	€150-300/mo Varies by complexity	€0-50/mo Software subscription only
Pricing
Monthly Cost	€59-89	€29-39	€150-300	€0-50
Setup Fee	€149	Free	€0-200	Free
Core Services
Bookkeeping				Self-service
Tax Filing				Self-service
VAT Returns				Self-service
Annual Report				Self-service
Features & Support
Support Level	24/7 Chat	Email + Chat	Email + Phone	Software support only
Estonian Compliance				Your responsibility
Multi-currency			Limited
API Access
Team Size Support	1-10 people	Solo	Any size	Varies
Response Time	< 2 hours	< 24 hours	1-3 days	N/A
Summary
Best For	Freelancers and startups wanting full-service accounting	Solo freelancers on Xolo Go needing basic accounting	Complex businesses or those preferring traditional accounting	Experienced users comfortable with accounting and tax laws

Accounting Comparison 2025

Ready to run your business from anywhere?

Detailed Comparison Table

Frequently Asked Questions

Ready to run your business from anywhere?

Ready to run your business from anywhere?

Detailed Comparison Table

Frequently Asked Questions

How much does accounting cost for an Estonian company?

Xolo Leap vs local accountant - which is better?

Can I do my own accounting in Estonia?

What accounting is legally required in Estonia?

What's included in the monthly costs for each option?

What are the tax filing deadlines in Estonia?

How do I switch from one accountant to another?

What&apos;s the best accounting software for Estonia?

Ready to run your business from anywhere?