Accounting for non-profit associations and foundations
We keep the books for non-profits (MTÜ) and foundations. We know what makes a non-profit different: membership fees, donations, project-based reporting and accounting for how grants were spent.
What is different about non-profit accounting
- keeping income streams apart: membership fees, donations, grants and any business activity
- tracking project and grant spending separately, and reporting to the funder
- declaring gifts and donations for non-profits on the income tax incentive list
- the annual report together with the activity report
Day-to-day bookkeeping is the same as for a company: documents, general ledger, payroll, tax returns and reports to the board.
Annual report for a non-profit
Every organization registered in Estonia must file an annual report, non-profits and foundations included. We prepare it by the hour (€55 + VAT/hour); a small organization's report usually takes 2–4 hours. Read: the annual report as your business card.
Frequently asked questions
Does a non-profit have to keep books if it has no income?
Yes. The duty to keep books and file an annual report applies even when there's hardly any activity. In that case the monthly fee is €25 + VAT.
Do you help with grant reporting?
Yes. We track project spending separately and prepare the expense reports the funder needs, as agreed with you.
Other services for your company
- Small business accountingSmall companies
- Accounting for a start-up companyNew business owners
- Sole proprietor (FIE) accountingSole proprietors (FIE)
- Annual report preparation and filingCompanies, non-profits, foundations
- Accounting for e-residents and foreign-owned Estonian companiesE-residents and foreign owners of Estonian companies
- Payroll services in EstoniaEstonian companies with employees
- VAT registration in EstoniaEstonian companies and their owners
