Bookkeeping
We process accounting documents and record company transactions, including sales, purchases, receipts and payments. We check that documents are correct and that transactions are recorded on time.
NBC.LV provides accounting services for companies in Latvia, including bookkeeping, processing accounting documents, calculating payroll and taxes, preparing and filing reports, preparing annual reports and providing tax advice.
Accounting services are provided in Latvian, Russian and English. We help set up accounting after company registration or arrange a smooth transition from another accountant.
Get a consultationWe process accounting documents and record company transactions, including sales, purchases, receipts and payments. We check that documents are correct and that transactions are recorded on time.
We help prepare employment contracts and the necessary orders when employees are hired, and ensure that the termination of employment is documented correctly.
We calculate salaries, holiday pay, sick pay and employment-related taxes. We prepare the necessary calculations and employee documents.
We prepare and file reports with the State Revenue Service (VID), the Central Statistical Bureau and other authorities. We monitor deadlines and let you know in advance which documents and data are needed to prepare the reports.
We advise on VAT, corporate income tax, company expenses and income, as well as tax matters related to international transactions. If a matter requires legal assessment, we involve an NBC.LV lawyer.
We reconcile the accounting data, prepare reconciliation statements and review the results with the client. We help you understand the overall picture of the company’s performance for the year and explain the main figures and important points. Once agreed, we prepare and file the annual report on time.
We prepare documents and explanations in response to enquiries from VID, banks and other authorities concerning the company’s accounting and activities. We help determine which data must be provided and prepare the response.
We represent the client’s interests during inspections and audits, communicate with VID and sworn auditors, and prepare the necessary documents and explanations. Inspections generally take place at the NBC.LV office with our specialists involved.
Our accounting support is based on clear agreements: which tasks we handle, which documents you provide and how fees are calculated.
If you are starting a business, we can help with company registration in Latvia and setting up your accounting. Legal support is also available for existing companies.
Documents and liability
NBC.LV provides accounting services under a VID licence. The company’s professional liability is insured.
Details and validity periods verified against the public VID register.
Accounting services at NBC.LV start from €150 per month plus VAT. This includes up to 30 accounting entries per month and accounting support for one employee.
You pay only for the accounting work actually carried out. If the workload changes, the service fee changes accordingly.
Use the calculator to estimate the preliminary cost of accounting services for your company.
Preliminary cost
The calculator provides a preliminary estimate. The NBC.LV price list, with detailed rates for accounting work, is attached to the accounting services agreement.
We determine the scope of the accounting work and the service fee. We sign an agreement accompanied by a detailed NBC.LV price list.
An accountant is assigned to your company to maintain the accounts and serve as your main contact for day-to-day accounting matters.
For a new company, we set up the bookkeeping from the start of operations. When switching from another accountant, we take over the documents and accounting data and continue maintaining the accounts.
We organise work with the VID Electronic Declaration System and, where needed, assist with VAT registration and other matters required for maintaining the accounts.
We maintain the accounts and provide tax advice. If a matter requires legal support, we involve an NBC.LV lawyer.
Trust built through experience
We run a transport company and had been looking for reliable accounting support for quite some time. After working with an individual accountant, I realised that for a business this can be a real risk: a person may get sick, go on holiday or simply not reply in time, while tax and reporting matters cannot wait. That is why we turned to NBC.LV. We immediately felt the difference: there is a team behind the service, everything is well organised, specialists are available, documents are handled accurately, and we are reminded about deadlines in advance. For me as a business owner, this gives great peace of mind. I know that our accounting is under control, and I can focus on running the company instead of worrying that something might be missed. I can confidently recommend NBC.LV.
I contacted NBC.LV on the recommendation of a friend who had gone through a complex tax audit with their support. Everything went smoothly for him, without penalties and without a single remark from the tax authorities. For me, this was the key argument: it meant that the specialists not only know how to keep documents in order, but also understand how to successfully handle tax inspections. We have a construction company, where accounting mistakes can be very costly. That is why it was important for me to find not just an accountant, but reliable specialists with real experience. NBC.LV has a team with extensive practical experience, and the company has a licence and professional liability insurance, which also gives additional confidence. Now I can work calmly without worrying about accounting. Reporting is under control, and if there are any questions from the tax authorities, I know that there are specialists by my side who know exactly how to deal with them.
I am very satisfied with my cooperation with NBC. First, I received a detailed consultation, then the company helped me register my business and later took over the accounting services. For me, it was important not just to outsource the accounting, but to know that there are specialists who really monitor the company's finances, taxes and all important issues. In addition, the company is licensed and its professional activity is insured against risks, which is very important nowadays. This was one of the reasons why I chose NBC. After signing the agreement, I was assigned an accountant who is always available, replies quickly and explains even complex matters calmly and clearly. What I especially value is that they do not simply keep records, they also suggest competent tax solutions. I recommend NBC to all entrepreneurs who want to focus on growing their business instead of spending time and nerves on tax and legal details.
We were choosing a company to handle accounting services for our beauty salons. We considered different options and spoke with several accounting firms, but in the end we chose NBC.LV, and we have never regretted it. We are fully satisfied with both the pricing and the quality of service. The specialists are always available, answer questions quickly, calmly explain what needs to be done, and it is clear that they know their work very well. I would also like to mention that we had inspections from the State Revenue Service, and the specialists at NBC.LV helped us pass them calmly and without a single remark. For me as a business owner, this is extremely important: I know that our accounting is in reliable hands.
We started working with NBC.LV when we were opening the Latvian branch of our IT company. We needed to resolve several issues at once: branch registration, employee relocation, residence permits, legal documents and accounting. What we really appreciated was that the team took everything into work calmly and professionally. They explained every step, answered questions quickly and helped us choose the right solutions. It did not feel like a formal consultation, it was clear that the specialists were guiding the process all the way to the result. Today, our Latvian branch is fully serviced by NBC.LV: accounting, legal matters and documents are all handled through them. We are satisfied with the quality, speed, attitude and pricing. We are very glad we found such a team in Latvia.
We contacted NBC for accounting services. We have a small trading company operating in the e-commerce sector, and it was very important for us to find an accountant who understands how to handle accounting for marketplaces. This is actually a real challenge. Many individual accountants do not fully understand modern business and the specifics of online sales. At NBC, they selected a specialist for us who knows how this sector works and was able to quickly understand all the details of our business. We are very satisfied. We have been working with our accountant for more than 3 years now, so we can confidently recommend NBC.
Within the agreed scope of services, we keep the accounts, process documents, calculate payroll and taxes, and prepare and submit reports. We also advise on tax matters, help prepare employment contracts and provide support with enquiries and inspections. We agree on the scope of services and payment terms before work begins.
A team of accountants is assigned to each company rather than a single specialist. This approach ensures continuity of processes and internal review, as well as resilience to situations where one person may fall ill, go on holiday, or fail to keep up with changes in legislation.
We support tax audits and represent the company's interests before the State Revenue Service. Our specialists help prepare documents, manage communication with the inspectors, and go through the audit calmly, within the scope of the concluded agreement.
Yes. Our services are provided on the basis of a licence for accounting services in accordance with Latvian law, and our professional activity is insured. Our internal control system and insurance coverage provide additional protection for the client's interests.
The transition is under control from the first step. First, we hold a consultation and analyse the business structure and the current accounting model, then we set out the format of support and the allocation of responsibility in the agreement. After that, we organise the proper transfer of documents and take control of the accounting without interrupting the business, and if the company is being set up through us, the accounting model is built from day one.
When needed, a lawyer and a tax adviser are involved in reviewing an issue. This allows us to take its accounting, tax and legal aspects into account. We also help prepare employment contracts for your employees.
We use a price list: you pay for accounting work actually carried out at the agreed rates. The cost depends on the volume and scope of services. To receive the price list and discuss accounting services for your company, send an enquiry using the form on this page.
We’ll answer your questions, help you identify the services you need and provide a cost estimate.
We reply within one business day. The first consultation is free.
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