Professional Accounting Services in Latvia

What You Provide, What We Handle

A clean handover in the first month is what keeps every month after it straightforward. The split is simple: you send documents, we record them, file them and answer for them.

You provide:

• Purchase and sales invoices for the period, and the bank statements that match them
• Contracts or supporting paperwork behind any unusual transaction
• Payroll changes — new hires, leavers, absences, bonuses
• An EDS authorisation, so we can submit on the company’s behalf

We handle:

• Recording transactions and reconciling the period
• Preparing and submitting the company’s reports and declarations
• Salary calculations and employee reporting
• Correspondence with VID, including replies to their questions

Working With VID Through EDS

Almost everything in Latvian accounting happens inside EDS, the State Revenue Service’s electronic declaration system. Declarations are filed there, VID asks its questions there, and the answers go back the same way.

In practice that means two things. You authorise us inside EDS rather than handing over passwords, and that authorisation can be withdrawn at any time. And because filing and correspondence are both electronic, none of it depends on where the company’s owner happens to be — which is why this works the same for a client in Riga and for one who has never visited Latvia.

Switching From Your Current Accountant

Most companies that come to us already have books. The question is how to move them without leaving a gap.

We take over the existing records and continue from where the previous accountant stopped. The handover covers the ledgers and balances as they stand, the payroll history for the current year, and anything still open with VID. What matters most is agreeing which month is the first one we file for, so that no period is submitted twice and none is missed.

What Sits Outside This Service

Accounting is not the only thing a Latvian company needs, and it is worth being clear about the edges.

A statutory audit is a separate engagement and must be carried out by a certified auditor. Registering the company itself is separate work, covered on our company formation in Latvia page. And where an owner or director also needs to live in Latvia, that is an immigration matter with its own requirements — see residence permits in Latvia.