If the standard version of Odoo does not have complete Latvian localisation, it is not an obstacle to the implementation of the system. Odoo is designed to be adaptable to the accounting and tax requirements of each country.

Typically, the company does not have to make these adjustments itself, as they are provided by the Odoo implementation partner. They configure the Latvian chart of accounts, VAT rates, tax settings, financial reports, and other necessary functions. Therefore, the transition to Odoo is simpler if it is done gradually. During implementation, it is possible to import existing data, such as customers, suppliers, products, and accounting balances, so there is no need to start from scratch.

With properly prepared localisation and professional implementation, Odoo can be fully utilised by Latvian companies while retaining the option to expand the system with other business functions in the future.

The price of accounting services starts from 220 EUR per month excluding VAT. However, the final cost is determined individually, taking into account the number of documents and bank transactions, the number of employees, VAT status, foreign transactions, inventory accounting, and other company processes. After evaluating the initial information, we prepare an offer with a clearly defined monthly fee and additional service prices.

Yes. Finanšu Vadības Birojs (Finance Management Office) provides full-cycle accounting, including document processing, payroll, tax returns, payment monitoring, annual financial statements, and communication with the Latvian State Revenue Service (VID). We tailor the scope of services to each company’s needs.

Initially required:

• company registration data,
• information about the type of activity,
• employees,
• tax status,
• bank accounts,
• the systems used before takeover.

In the case of accounting takeover, additional data from previous periods, account balances, declarations, contracts, and supporting documents are required. A precise list of documents will be sent after the initial conversation.

Yes, we organise the transfer of data and documents, check opening balances and identify any discrepancies or missing information. If adjustments are required for previous periods, the scope of work and costs will be agreed separately.

Yes. We also provide consultations on:

• tax application,
• cash flow,
• budgets,
• cost control,
• pricing,
• company financial indicators.

Consultations can be received either as a separate service or within the framework of regular cooperation.

Yes, having now worked directly with Odoo for more than 9 years, we can provide quality consultations and recommendations on the system's functions, helping to understand how Odoo should work in a real company and how its accounting should be adapted to Latvian accounting and tax requirements. We advise on:

• the analysis of the company's financial processes using the Odoo platform;
• organising accounting records in the Odoo environment;
• defining requirements for the chart of accounts, VAT accounting and posting logic;
• recommendations for Odoo configuration from the perspective of accounting and financial management;
• audit of system functionality after implementation.

Consultations can be received either as a separate service or within the framework of regular cooperation.

No, Finanšu Vadības Birojs does not carry out the implementation or technical configuration of the Odoo system. These tasks are provided by certified Odoo implementation partners.

Our role is to represent the client's interests from the perspective of accounting and financial management. During the implementation process, we advise on accounting records, financial processes, and the requirements of Latvian regulations to ensure that the Odoo configuration meets the company's needs.

After the system implementation, we can conduct an audit of Odoo functionality, assessing whether the system processes, configuration, and financial data align with the company's business model and ensure effective financial management. If improvements are needed, we prepare recommendations that are implemented by the chosen Odoo implementation partner.

Document circulation occurs digitally, in the accounting system, via email, or in a shared data environment. At the start of the collaboration, we agree with the client on the deadlines for document submission, responsible persons, and communication procedures to ensure the process is transparent and controllable.

No. We collaborate with limited liability companies and other legal entities, as well as with individual entrepreneurs, self-employed individuals, and other economic operators. We assess the service options according to the type of activity and the volume of records.