Digital transformation is accelerating across the Baltics and the EU, with regulations like mandatory e-invoicing changing how businesses operate. To stay competitive and compliant, modern businesses need software solutions to help them meet government mandates and simplify their accounting processes.
In this artcle
- Leading online accounting tools in the Baltics
- Best online business accounting software in Estonia
- Most effective online accounting software for e-commerce
- Top online accounting software for sole proprietors
- Integrating invoicing tools with online accounting software
- FAQs: Best online accounting software
- Automate your invoicing with Finbite
In this guide, we’ll take a look at the best online accounting software for businesses in the Baltics and the EU. Whether you’re self-employed or managing a growing company, these are the best tools to help you save time, avoid accounting mistakes, and stay compliant.
Leading online accounting tools in the Baltics
Merit Aktiva
Merit Aktiva is one of the most popular online accounting software solutions in the Baltics. This online accounting tool automates accounting tasks, keeps ledgers for multiple companies, and streamlines tax accounting. Merit Aktiva is a secure cloud platform, which means it allows users to work from any smart device and easily share accounting data with other departments.
As one of the best online software for accounting in the Baltics, Merit Aktiva integrates with other popular accounting tools in the region. For example, Merit Aktiva syncs with Finbite and connects directly with major banks in the Baltics.
SimplBooks
SimplBooks is an easy-to-use online business accounting software. Its intuitive interface and affordable pricing make it one of the best online accounting software for small businesses.
The platform offers user-friendly default settings for beginners, but also flexibility and customization options for experienced accountants. Users can customize their chart of accounts and get many different types of financial reports.
SimplBooks online bookkeeping software for accountants also offers advanced features, such as period locking and comparative financial analysis. The platform also integrates directly with the Estonian Tax Board, allowing for simple VAT submissions.
Best online business accounting software in Estonia
Directo
Directo is one of the best online business accounting software solutions in Estonia. It comes with features like expense reporting, budgeting, and financial reporting.
Directo is also more than just accounting software. It’s a versatile platform that streamlines a range of business functions, including payroll, sales, and project management. Through its integration with Finbite, Directo also allows users to send and receive e-invoices. Its extensive features make it one of the best online accounting software for businesses of all sizes.
SmartAccounts
With a wide range of accounting features, SmartAccounts is one of the best online accounting software for businesses in Estonia. The platform makes it easy to create invoices, manage purchases, and track inventory.
It’s also useful for gaining important accounting insights. For example, businesses can track and predict cash flow through the user-friendly dashboard. SmartAccounts also lets users create quotes, send them directly to clients, and track deliveries through purchase orders.
SmartAccounts easily syncs with other software, including Scoro’s business management system and Finbite’s invoicing software. However, while it’s one of the best online accounting software for accountants, SmartAccounts can be difficult to learn and is not a good choice for beginners.
Most effective online accounting software for e-commerce
ERPLY
ERPLY is a streamlined point of sale and inventory management software, making it one of the best accounting software for online stores. ERPLY allows e-commerce businesses to sync their online storefront with their accounting system. The platform offers real-time inventory tracking to prevent stockouts and streamline the order-to-invoice process.
As one of the best accounting software for online retailers, ERPLY integrates with major e-commerce platforms like Shopify. This allows financial data to flow seamlessly between systems without the need for manual data entry.
ERPLY offers built-in payment processing and support for multiple currencies, making it easy for businesses to sell across borders. In addition, as one of the best accounting software for online sellers, ERPLY has countless integrations. For example, ERPLY integrates with Finbite, which allows users to send international e-invoices over the Peppol network.
QuickBooks Online
QuickBooks Online is another popular online accounting software for e-commerce stores. This online business accounting software makes it easy to optimize sales channels. QuickBooks Online comes with features like inventory management, expense tracking, and bank reconciliation. The software also auto-updates inventory to give online sellers a real-time view of stock levels.
As one of the best online accounting software for e-commerce, QuickBooks Online integrates with popular e-commerce platforms, such as Shopify, BigCommerce, and Etsy. These integrations ensure that product listings, orders, and product info are updated in real-time.
Top online accounting software for sole proprietors
SimplBooks
SimplBooks is an easy-to-use accounting platform with comprehensive features. This makes it one of the best online accounting software for self-employed people. SimplBooks’ MINI plan also keeps costs low for new entrepreneurs, while offering enough features for basic accounting needs.
The software offers a preset chart of accounts and an intuitive interface, making it easy for sole proprietors to perform essential accounting tasks (without needing years of accounting experience).
SimplBooks also integrates with the Estonian Tax Board, making VAT submission a simple process for sole proprietors. In addition, the platform integrates with Finbite, which means all invoicing data can be sent to their accounting system in real-time.
Merit Aktiva
Merit Aktiva is another great accounting tool for sole proprietors. It has a simple, intuitive user interface with all the functions that sole proprietors need to run their business. The cloud-based platform streamlines accounting processes and financial reporting, making it a good option for sole proprietors with limited accounting experience.
Merit Aktiva offers a free trial, which makes it one of the best accounting online software for self-employed people. Sole proprietors can try Merit Aktiva for free for 6 months. With the free trial, users can enter up to 100 sales invoices and 100 purchase invoices.
Integrating invoicing tools with online accounting software
Even the best accounting online software tends to lack invoicing features. For businesses, this makes it essential to use a dedicated invoicing tool together with their accounting software.
Finbite is one of the best online software solutions for invoicing. It’s an all-in-one invoicing platform suitable for businesses of all sizes. The software is designed to streamline every aspect of invoicing, including receipt capture, expense reporting, and invoice confirmation. These features save time for businesses and ensure only legitimate invoices are approved and paid.
With over 150 integrations, Finbite integrates with most accounting platforms in the Baltics. This includes tools like Merit Aktiva, ERPLY, SmartAccounts, SimplBooks, and Directo. This means that invoice data can flow seamlessly between Finbite and the user’s accounting system.
For example, when using Finbite with Directo, purchase invoices received through Finbite can be automatically converted into purchase entries, stock updates, or expense reports inside Directo. This automation eliminates manual data entry, reducing human error and saving valuable time for accounting teams.
In addition, Finbite’s secure digital archive operates on the cloud, making it easy to store invoices and access them later on. Finbite also lets users send e-invoices on the Peppol network for secure cross-border transactions, making it one of the best online accounting software in the EU.
FAQs: Best online accounting software
Where can I find online business accounting software reviews?
You can find some of the best online accounting software reviews on trusted platforms like Capterra, G2, and TrustRadius. Software provider websites also offer testimonials from satisfied clients. Facebook groups and online forums are also places where users share their opinions on what the best online accounting software is.
What is the best free online accounting software in the EU?
The best online free accounting software in the EU depends on each user’s specific needs. For example, Merit Aktiva is one of the best free online small business accounting software. The free trial lets users enter up to 100 sales invoices and 100 purchase invoices. On the other hand, for businesses that need a free invoicing solution, Finbite is the best option. Bilnex by Finbite allows users to send an unlimited number of e-invoices and PDF invoices.
What is the best cloud-based accounting software online?
Finbite is one of the best online cloud accounting software for invoicing and expense reporting. Its secure digital archive also offers large storage, which allows businesses to store and access all previous invoices. Finbite gives businesses a complete overview of all invoices and expenses. It also integrates seamlessly with other accounting solutions like ERPLY and SimplBooks.
Which online accounting software is best for small businesses?
Finbite is one of the best accounting tools for small businesses. It’s an easy-to-use, comprehensive platform, making it ideal for small businesses. Users can get started for free with Bilnex by Finbite, which allows them to send an unlimited number of e-invoices and PDF invoices. This makes it one of the best online accounting software for freelancers or sole proprietors with minimal invoicing needs.
Automate your invoicing with Finbite
Finbite is one of the best business accounting software online. Its smart features include receipt capture (using OCR technology), expense reporting, and automated invoice confirmation. The platform’s digital archive allows businesses to securely store invoicing data. In addition, its detailed reports provide real-time accounting insights.
Finbite also integrates with the best accounting software for online retail businesses, small businesses, and sole proprietors. For example, Finbite syncs with popular tools like SimplBooks, Merit Aktiva, and ERPLY. With these seamless integrations and powerful features, Finbite simplifies the entire invoicing process and makes it easy to sync invoice data with accounting software.
Get started with Finbite today to automate your invoicing.
