E-commerce is a fast-growing industry both in our country and elsewhere, but taxes on e-commerce are a relatively complex subject that few people are familiar with. In order to keep e-commerce accounting accurate, you need to know how to calculate taxes and in which countries you pay taxes. This, in turn, depends on what your […]
Issue of sales invoices concerns all businesses – we all issue invoices and receive invoices. But what should one sales invoice look like? We go through the most important legal requirements and practical recommendations, which are good practices to keep in mind when preparing sales invoices.
When planning to start selling Amazon, find out about e-commerce pricing, Amazon’s accounting and taxes for selling at Amazon. Amazon business can be very successful, but it has its risks. In order to cope with this world, learn more about the responsibilities it brings to you.
VAT is an indirect tax on consumption that is levied on the turnover of goods and services. In Estonia, a company is required to register for VAT if its sales turnover exceeds € 40,000 per calendar year. In addition to our legislation, Estonian companies selling goods to other EU countries must also comply with local […]
Accounting has undergone tremendous changes in the last 30 years. Accounting on paper has practically disappeared. Going to bank office with payment orders on paper is also history. Thanks to software that can read purchase invoices and is compatible with the bank, accounting has become significantly more automated, with a significant reduction in accounting time. […]
In the second part of Accounting Automation, we talk about how to automate the movement of purchase invoices and receipts. We will have a look at if cheques can be waived and how to simplify the process of entering purchase invoices and cheques into your accounting program.
Given how much accounting has changed over the last 30 years, we probably cannot even imagine the excitement that the next 30 years might bring to us in accounting. Some trends are predictable, such as accounting becoming more automated in the future, or programs being able to figure out in the future where to invoice. […]