Sapita

Learn

Learn bookkeeping and VAT in Estonia

Short lessons, about five minutes each, in the order the work comes up in a real company. Each lesson links to the words you need and to a place in Sapita where you can try it.

  1. Lesson 1 · 2 minDouble-entry in five minutesDouble-entry bookkeeping records each money movement twice, as a debit and a credit of the same total. This short lesson walks through one example.
  2. Lesson 2 · 2 minWhat an opening balance isAn opening balance is the amount in each account on the day your books start in Sapita. This lesson explains why the first figures matter and how to check them.
  3. Lesson 3 · 2 minThe chart of accountsThe chart of accounts lists every account your company uses, with a number and a name, in five groups. This lesson shows how the groups fit together.
  4. Lesson 4 · 2 minVAT basics in EstoniaVAT is a tax on the value added at each step of a sale. This lesson explains how a registered business charges VAT, pays the difference and files the return.
  5. Lesson 5 · 2 minThe €40,000 VAT thresholdThe VAT registration threshold in Estonia is €40,000 of taxable turnover. This lesson explains what counts towards it and what changes after registration.
  6. Lesson 6 · 2 minA legally valid invoice in EstoniaA sales invoice shows what your customer bought and owes. This lesson lists the details an Estonian invoice must carry, and what a VAT-registered company adds.
  7. Lesson 7 · 2 minExpenses and receiptsEvery cost your company pays needs a document behind it. This lesson shows which documents count, what they must show, and how purchase VAT is recorded.
  8. Lesson 8 · 2 minWhen you pay with your own moneyWhen you pay a company cost with your own money, or take out money that is neither salary nor dividend, the books must show it. This lesson explains how.
  9. Lesson 9 · 2 minPaying yourself: salary or dividendsAn owner can take money from an Estonian company as salary or dividend, and each is taxed differently. This lesson explains the difference.
  10. Lesson 10 · 2 minKMD and KMD INF explainedKMD is the monthly VAT return, and KMD INF is the annex that lists your sales and purchases partner by partner. This lesson explains both and their deadline.
  11. Lesson 11 · 2 minFiling your VAT return in e-MTAThe VAT return is filed in e-MTA, the online service of the Tax and Customs Board. This lesson lists the steps in order, so you upload what you checked.
  12. Lesson 12 · 2 minEstonian tax deadlinesEstonian companies have a few regular tax deadlines, and some apply only to certain companies. This lesson lists the main ones and how Sapita shows them.
  13. Lesson 13 · 2 minClosing your financial yearClosing the financial year makes the books final: the result moves into equity and the periods are locked. This lesson lists the steps in order.
  14. Lesson 14 · 2 minThe annual report for a micro-entityEvery Estonian company files an annual report for each financial year. This lesson explains how a micro-entity's report can be shorter, and what goes in it.
  15. Lesson 15 · 2 minReading your reportsSapita builds a few reports from the same books, and each answers a different question. This lesson explains the balance sheet, profit and loss, cash and VAT.