Comparison Disclaimer
Pricing and features shown are based on publicly available information. Always verify current pricing on provider websites before making decisions. We receive affiliate commissions from some providers. Information current as of January 2025.
Quick Verdict
Xolo is better for most digital businesses — freelancers, consultants, SaaS founders. It's simpler, more predictable, and includes all the tools you need. Local accountants make sense for complex situations requiring personalized Estonian business advice.
Two Different Models
Xolo: Platform Model
All-in-one SaaS platform designed for e-residents. Invoicing, expense tracking, and accounting integrated in one place. Fixed monthly pricing. Optimized for digital businesses.
- Invoicing platform included
- Expense tracking app
- Fixed monthly fee (€79-129)
- Unlimited transactions
- English support
Local Accountant: Service Model
Traditional accounting firm relationship. You send documents, they do bookkeeping. Personal accountant for advice. Hourly or transaction-based pricing.
- Personal relationship
- Custom advice for complex cases
- No integrated tools
- Variable pricing
- May require Estonian language
Cost Comparison
| Cost Item | Xolo Leap | Local Accountant |
|---|---|---|
| Company formation | Included | €200-400 |
| Legal address | Included | €10-20/month |
| Monthly accounting (simple) | €79/month | €50-100/month |
| Monthly accounting (moderate) | €99-129/month | €100-200/month |
| Annual report | Included | €50-200 |
| VAT registration | Included | €50-100 |
| Invoicing software | Included | €10-30/month extra |
| Year 1 Total (simple) | ~€950 | ~€1,000-1,800 |
For simple businesses, costs are similar. But Xolo includes tools that accountants charge extra for.
Feature Comparison
| Feature | Xolo | Local Accountant |
|---|---|---|
| Invoice creation | ||
| Expense tracking app | ||
| Real-time dashboard | ||
| API access | ||
| Fixed pricing | ||
| 24/7 self-service | ||
| Personal relationship | Limited | |
| Complex tax advice | Basic | |
| Unusual structures |
When to Choose Each Option
Choose Xolo if:
- Digital business — Freelancing, consulting, SaaS, agencies
- Standard operations — Invoice clients, pay expenses, file reports
- Self-service preference — Want to create invoices yourself
- Predictable costs — Fixed monthly fee, no surprises
- E-resident focused — Platform built for remote founders
Choose Local Accountant if:
- Complex structure — Holding companies, real estate, investments
- Need custom advice — Unusual tax situations, cross-border complexity
- Already have tools — Use your own invoicing software
- High-touch needed — Want dedicated accountant relationship
- Physical operations — Inventory, manufacturing, local employees
The Hybrid Approach
Can You Use Both?
Some businesses start with Xolo for convenience, then add a local accountant for specific advice as they grow. This works if you need specialized tax planning while keeping Xolo for daily operations.
- • Xolo for invoicing, expense tracking, and monthly bookkeeping
- • Local accountant (hourly) for annual tax planning and complex questions
- • Total cost: Xolo fee + €100-300/year for occasional advice
Frequently Asked Questions
Common questions about Xolo vs local accountants
All information verified as of December 2025. Prices and features subject to change. Always verify current pricing with providers.
