How the accounting system works for SIA

Ieņēmumu un izdevumu ievade
1. solis ikona

Enter income and expenses

Income

Invoices to clients, prepayments, income from provided services or sold goods

Expenses

Supplier invoices, salaries, tax payments, purchase of fixed assets, daily business expenses

2. solis ikona

The system prepares reports and declarations

Bilance

Report must be submitted by May 31st

Annual report with attachments – Balance sheet, Profit and loss statement
Uzņēmuma ienākuma nodokļa (UIN) deklarācija

Report must be submitted by January 20th, the 20th of the following month, or May 31st

Tax must be paid by January 23rd or the 23rd of the following month

Corporate income tax (CIT) declaration
Operāciju žurnāls

Report must be available upon request

Tax is not required to be calculated

Transaction journal and general ledger
Ieņēmumu un izdevumu uzskaites žurnāls

Report must be available upon request

Tax is not required to be calculated

Employer reports and employee information
Pievienotās vērtības nodokļa (PVN) taksācijas perioda deklarācija

Report must be submitted by the 20th of the next month

Tax must be paid by the 23rd of the next month

*By default, the VAT return is prepared every month, but if the user has chosen to prepare the VAT return quarterly, then it will be prepared for each quarter.
VAT declaration (monthly or quarterly)
Pamatlīdzekļu un nemateriālo ieguldījumu nolietojuma un vērtības norakstīšanas aprēķins

Report must be available upon request

Tax is not required to be calculated

Fixed asset depreciation calculation
Read about reports
Atgādinājumi par termiņiem
3. solis ikona

Follow the calendar or receive deadline reminders

  • About VAT, CIT and annual report deadlines
  • About tax payments
  • About employer reports and salary payments
4. solis ikona

Download and submit to the VID the reports already prepared automatically

In XML format - when submitted to the VID, fields are read and auto filled to meet the requirements

5. solis ikona

Pay taxes

In the system report you can see in advance how much and which taxes need to be paid. Know what to expect on time and make the transfer to the unified tax account

Atskaišu iesniegšana un samaksa

Features that make accounting easier for Latvian businesses

The system is designed so that accounting can be managed without experience and with minimal manual data entry.
Issue invoices and get paid faster!

Automate the invoicing process, get paid faster, and focus on what truly drives your business forward

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Receipt and invoice scanning

Automation that pays off! Save up to 80% of the time compared to manual data entry

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Reporting and tax calendar

All reports and tax declarations are generated automatically - from quarterly to annual. Enter your income and expenses, the system will calculate the taxes - just download and submit

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Fixed asset accounting

Enter an asset once - depreciation is calculated automatically, and the data goes straight into the reports

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Accept payments without a terminal

Instantly with a QR code or link - perfect for service providers without a cash register. Create an offer, the client scans and pays

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Accurate salary calculation every month

Automatically calculates salaries, taxes, and vacation pay, while also preparing all mandatory documents

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Bank integration and payment management

The fastest way to manage business transactions - accurately and clearly

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Expense analytics and tips

Analyze your expenses and get smart tips on what can be deducted. Compare with others in your field and avoid missing out

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Problems and challenges entrepreneurs face

Problēmas un risinājumi
Problēma

“I don’t know how to prepare the annual report, I don’t want to make mistakes”

Risinājums

The system automatically prepares the annual report with the necessary attachments, including the balance sheet and the profit and loss statement - you only need to submit it to EDS.

Problēma

“Afraid of calculating taxes incorrectly”

Risinājums

The system calculates taxes automatically, you only need to enter transactions, and documents are always available in the system.

Problēma

“I don’t know which expenses can be deducted in my activity”

Risinājums

Using artificial intelligence, the system compares your data with millions of transactions from similar users and suggests which expenses you can deduct according to your turnover.

Problēma

“Afraid of a VID audit”

Risinājums

Everything is stored in the system, not on different devices, in WhatsApp or emails. All transactions are properly recorded, data is securely stored, and all documents are always available in one place.

Problēma

“I want to do more myself but still keep working with my accountant”

Risinājums

Instructions, videos and reminders are available for free. Premium plan users can always ask our expert questions, and if you have your own accountant, you can invite them to register in the system and connect to your profile

Problēma

“Not sure where to start”

Risinājums

Free webinars and their recordings, blogs, step-by-step videos on how to get started, and a calculator to choose the most profitable tax regime or business form.

How to start using pats.lv

Register in the system and just start! Anyone can try it for free.
Step 2
Company information
Enter or select your company
Your company was found!
Data filled in
1. solis
On the website, click “Register and try for free” and create your company profile

Enter your company details - the system will automatically load information from the publicly available Latvian Company Register.

If you are not yet an SIA owner and are only planning to start, you can still try out how the system works.

Instructions:
Registration in the system
Step 2
Adjust the settings for your activity
Review and complete the information
Tax regime
VAT status
Your data is safe
Information has been automatically loaded from the Business Register so everything is ready to start
2. solis
Enter opening balances and start adding transactions

Issue invoices to clients, add receipts, or enter transactions manually.

Enter your income and expenses! You can do it manually or automate the process - for example, issue an invoice, receive quick payment, or scan a receipt.

Instructions:
Income Registration Expense Accounting Receipt and invoice recognition How to add a payment to an income transaction
Step 3
Choose where to start:
  • Link account statement
  • Add a payment method
  • Set up your invoice design
  • Enter employee data
Or maybe you'll start by receiving payments?
Enter the current balance so that the accounting starts correctly, and start issuing invoices!
3. solis
Get ready-made reports and submit them to the VID

The system prepares reports, statements, and VAT declarations - you only need to upload them to the VID using the EDS system.

Instructions:
Reports and declarations
Pats.lv priekšrocības ilustrācija

The Pats.lv system can both replace an accountant and work together with one

Jautājumu ikona
Ask an expert

If your company doesn’t have an accountant but you have questions - the Premium plan for €27 per month allows you to ask our tax expert or accountant. All answers are saved in your profile.

Meklēšanas ikona
No accountant, but I want one

From your profile, create a request if you need an accountant - for one-time help or full accounting service, and we’ll match you with the right professional.

Piekļuves ikona
Give access to your accountant

If you work with your own or an external accountant, you can manage everything together in the pats.lv system - just give them access. When working together, the accountant can see all documents, invoices, receipts, and bank statements - nothing needs to be sent manually.

Atbalsta ikona
Questions about using the pats.lv accounting system?

Even though we have an Info Center with clear step-by-step instructions, we understand - sometimes questions still come up. Our support team is always ready to help - ask your question and get a clear answer.

How much does it cost

Pay for a year – 2 months free
Basic Plan
Basic
Automatic reports
€70 / per year
VAT included
Pay for a year - 2 months free
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Operations journal
  • General ledger
  • Corporate income tax declaration
  • Annual report
  • Balance sheet
  • Profit and loss statement
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
  • Income and expense ledger
  • Self-employed person's social security contributions report
  • Social contributions report for MUN taxpayers
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
Pro Plan
Pro
Save more
€170 / per year
VAT included
Pay for a year – 2 months free
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Operations journal
  • General ledger
  • Corporate income tax declaration
  • Annual report
  • Balance sheet
  • Profit and loss statement
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
  • Income and expense ledger
  • Self-employed person's social security contributions report
  • Social contributions report for MUN taxpayers
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
Premium Plan
Premium
Earn more
€270 / per year
VAT included
Pay for a year – 2 months free
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Operations journal
  • General ledger
  • Corporate income tax declaration
  • Annual report
  • Balance sheet
  • Profit and loss statement
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
  • Income and expense ledger
  • Self-employed person's social security contributions report
  • Social contributions report for MUN taxpayers
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
Basic Plan
Basic
Automatic reports
€7 / per month
VAT included
Pay for a year – 2 months free
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Operations journal
  • General ledger
  • Corporate income tax declaration
  • Annual report
  • Balance sheet
  • Profit and loss statement
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
  • Income and expense ledger
  • Self-employed person's social security contributions report
  • Social contributions report for MUN taxpayers
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
Pro Plan
Pro
Save more
€17 / per month
VAT included
Pay for a year – 2 months free
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Operations journal
  • General ledger
  • Corporate income tax declaration
  • Annual report
  • Balance sheet
  • Profit and loss statement
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
  • Income and expense ledger
  • Self-employed person's social security contributions report
  • Social contributions report for MUN taxpayers
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
Premium Plan
Premium
Earn more
€27 / per month
VAT included
Pay for a year – 2 months free
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Operations journal
  • General ledger
  • Corporate income tax declaration
  • Annual report
  • Balance sheet
  • Profit and loss statement
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person
  • Income and expense ledger
  • Self-employed person's social security contributions report
  • Social contributions report for MUN taxpayers
  • Value Added Tax (VAT) declaration for the taxation period
  • Depreciation and value write-off calculation for fixed assets and intangible investments
  • Employer’s report
  • Information about employees
  • Statement on amounts paid to a natural person

Your digital accountant - suitable for all industries and professions

Start and feel the difference

From employee to owning your own salon

Invoices, tax calculations, reminders - everything happens automatically. No more Excel or manual work.

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From hobby to first orders

See how much you earn and where you spend. Use recommendations based on data of similar users to write off expenses correctly and safely.

Learn more
Student combines studies and work

VAT, quarterly and other reports are prepared automatically and are available for submission at the required time.

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How sewing turned into an international business

Invoices with payment status - see what has been paid, what is overdue and where to take action. No mistakes. No uncertainty.

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Useful articles for SIA owners from our blog

Raksti
Blog
Purchase of Goods and Expense Registration for a Self-Employed VAT Payer
Purchase of Goods and Expense Registration for a Self-Employed VAT Payer
Pats.lv users and self-employed individuals often approach us with valuable questions. We’re sharing an answer to one of them – it might be useful for you too, to ensure proper expense reporting in your business activity journal! Question from a self-employed person: I want to purchase a phone for business purposes for EUR 800. On the seller’s website, there is an option to display the price without VAT. As a self-employed person with VAT payer status, can I purchase this phone at the price wit
What should a self-employed individual know about hiring employees?
What should a self-employed individual know about hiring employees?
When a small self-employed business starts gaining momentum, with an increasing number of clients and work, the need for additional help - employees - often arises. Can a self-employed person hire employees? What needs to be considered? Here are some tips, based on frequently asked questions.
Can a Self-Employed Receive Unemployment Benefits?
Can a Self-Employed Receive Unemployment Benefits?
There are various situations in which a self-employed might need unemployment benefits. For example, in the early stages of entrepreneurial activity, a self-employed may not have a stable income or may have no income at all, leading to thoughts about applying for unemployment benefits. There are also cases where a self-employed individual recently ended an employment relationship, applied for unemployment benefits, and simultaneously wants to start a business. Can a self-employed receive benefit
Frequently asked questions about receipts for the self-employed
Frequently asked questions about receipts for the self-employed
A receipt is one of the most commonly used documents by self-employed individuals to confirm that an expense is related to their business activity. It’s no surprise that we regularly receive many questions on this topic. That’s why we’ve prepared a short overview to help you make sure you're storing and registering your receipts correctly. Is it mandatory to include details on the receipt? That depends on the transaction amount…
How to register as a self-employed person in Latvia?
How to register as a self-employed person in Latvia?
We've compiled answers to some of the most frequently asked questions by self-employed individuals – we believe this will help you take your first steps in starting economic activity with confidence!