annual report without an accountant
can I file the Estonian annual report myself?
yes. responsibility for the report sits with the management board, not with an accountant, and preparing and filing it yourself is legal and normal.
below: what you need, how to file, and where people get stuck.
before you start
what a small OÜ's board needs
the bank statement as a CSV file
the full financial year, one file per account; PDF will not do. LHV, SEB, Swedbank, Coop Pank, Revolut Business and Wise Business all export CSV.
last year's balance sheet
needed unless this is the first trading year. find it in last year's report or the business register.
EMTA data on pay
if wages or board-member remuneration were paid, export the whole year from e-MTA (accounting, claims and transactions search) as CSV. the bank statement shows only net pay; gross pay and employer taxes come from this file.
in the portal
how the report gets filed
the report is filed in the business register's entrepreneur portal (ettevotjaportaal.rik.ee) within six months of the end of the financial year, 30 June for a calendar year (Commercial Code § 179 para 4).
log in
identify yourself in the portal and pick the company.
open a new report
choose report filing, then adding a new report. check the financial year dates.
choose the micro-entity form
set the report form category to micro-entity.
enter the balance sheet and income statement
type the lines in by hand or upload a ready XBRL file.
split revenue by EMTAK code
split revenue across up to the ten largest activity codes (Commercial Code section 179) — the 90 percent minimum comes from the portal, not from the law.
write the profit distribution proposal
what to do with the year's profit or how to cover a loss. a proposal, not a record of payouts already made.
sign and submit
generate the final PDF, check the numbers, sign and submit.
the typing involved depends on how many lines the two statements have.
where people get stuck
four places where the time goes
categorising the transactions
every bank line has to go to the right account. the first time, this takes longest, and a wrong account goes straight into the report.
the balance sheet does not balance
assets must equal liabilities plus equity to the cent. usual causes: a wrong opening balance, December pay paid in January, or business costs paid in cash or by personal card.
accrual accounting
income and costs belong to the year they arose in, not the year the money moved. at year end, add unpaid sales and supplier invoices.
producing valid XBRL
the file has to match the business register schema exactly, so it is generated.
what we do
our share of that work
we do the parts where the most time goes.
- transactions land on accounts; you review the lines and fix mistakes.
- the balance sheet and income statement are calculated and balance-checked before you get the file.
- the XBRL file matches the business register schema and the PDF preview shows the same numbers.
you upload the report to the portal yourself. signing and submitting happen under your own ID.
who this is not for
four cases where we do not fit
you are VAT-registered
our form does not cover it; setup stops before you pay. the same applies if the company is not an OÜ.
your books are already in an accounting system
then the report comes out of your accounting software. we start from the bank statement, so you would do the work twice.
you are past the micro-entity thresholds
the micro-entity report is available when, at the balance sheet date, two of three limits are not exceeded: assets of 450 000 euros, income for the year of 900 000 euros, an average of ten employees. the old 175 000 and 50 000 euro limits no longer apply. we do not prepare the väikeettevõtja (small entity) report; near the limits, check which report applies to you first.
you want someone else to carry the responsibility
the content of the report is yours. if you want someone to stand behind it, choose an accountant.
annual report without an accountant: questions and answers
can I file the annual report myself?
yes. the board prepares the report, presents it with the profit distribution proposal to the shareholders, and the shareholders decide on approval.
do I have to hire an accountant?
responsibility for the report sits with the management board, not with an accountant, and filing it yourself is legal. bring one in if you want someone to check the report.
what does a micro-entity annual report consist of?
a balance sheet, an income statement and notes; no cash-flow statement, statement of changes in equity or management report. in the usual case the notes always include the average number of employees.
who signs the report and where is it filed?
it is filed in the business register's entrepreneur portal, which is in Estonian, and at least one board member signs it. if securely identified persons prepare, approve and file it in the portal, no separate e-signature is needed, except for an audited report.
how much does it cost to have the report prepared with us?
49 euros for one report, a one-off payment.
sources
- preparing the report, presenting it to the shareholders and approval
- Commercial Code § 179 paras 1–3
- what a micro-entity report contains
- Accounting Act § 15 para 2¹
- micro-entity limits
- Accounting Act § 3 point 14
- accrual accounting
- Accounting Act § 5 para 3
- signing and the e-signature exception
- Accounting Act § 25 paras 1–4
- revenue split across up to ten activity areas
- Commercial Code § 179 para 6
statute texts read from Riigi Teataja on 07.10.2026.
on your own or with us
everything above works without us. with many transactions, we can do that part for you.
49 euros for one report, a one-off payment. before you pay we check the legal form and VAT registration. the micro-entity limits are yours to judge.